<\/p>\n
![\"AirStrip](\"http:\/\/mobihealthnews.com\/wp-content\/uploads\/2011\/04\/airstrip-cardiology.jpg\" "\\"AirStrip")
Remote patient monitoring devices have the fastest growing yearly revenue of any medical device sector, according to market research firm Kalorama Information\u2019s new report, \u201cRemote and Wireless Patient Monitoring Markets.\u201d From 2008 to 2010, the growth rate was an impressive 23 percent, and according to the report, revenue is expected to double in the next four years.<\/p>\n
\u201cIt is unusual to see over twenty percent growth in the tight, volume-buy medical device market,\u201d stated Bruce Carlson, publisher of Kalorama Information, in a press release. \u201cThe new wireless patient monitoring systems aren\u2019t facing these obstacles because they appeal both to the need of payors to cut hospital stays and to the need of providers to deal with reduced staff.\u201d<\/p>\n
According to the report, reasons for the accelerated growth include the increasing percentage of the aging population in the U.S. and worldwide, which was 13 percent in 2010 and it is expected to reach 20.7 percent by 2050 (a top market for chronic condition monitoring); successful cost-cutting as a result of implementing remote monitoring systems; and the benefits found through using remote device data with EMRs.<\/p>\n
While the top manufacturers in the market include Abbott<\/a>, Philips Healthcare<\/a>, Draeger, Medtronic<\/a>, GE Healthcare<\/a>, and Honeywell<\/a>, Carlson states that \u201dThis is a very scattered market with large players but also scores of companies with a small amount of market share, and some of that forecasted growth is going to come from innovators whose names we may not have heard yet.\u201d One such upstart is AirStrip Technologies (its Cardiology RPM iPad app is pictured above).<\/p>\n PRESS RELEASE \u2014 <\/strong>Devices that can transmit a patient\u2019s vital signs across a hospital building or connect a patient\u2019s home with a provider\u2019s office are the fastest growing medical devices in terms of revenue earned, according to market research firm Kalorama Information. Revenues for these wireless patient monitoring devices have doubled in the last four years and are expected to double in the next four, according to its recent report, Remote and Wireless Patient Monitoring Markets. With a growth rate of 23% between 2008 and 2010, these devices saw greater growth than what Kalorama had estimated for minimally invasive surgical devices, specialty catheters and defibrillators \u2014 devices which have drawn attention in recent years.<\/em><\/p>\n \u201cIt is unusual to see over twenty percent growth in the tight, volume-buy medical device market,\u201d said Bruce Carlson, publisher of Kalorama Information. \u201cThe new wireless patient monitoring systems aren\u2019t facing these obstacles because they appeal both to the need of payors to cut hospital stays and to the need of providers to deal with reduced staff.\u201d<\/em><\/p>\n According to the report, the aging of the U.S. and world populations is a growth driver. The percentage of the population that was 65 years or over reached 13.0% in 2010 and it is expected to reach 20.7% by 2050. This in turn is expected to increase cases of COPD and diabetes, among the top conditions requiring monitoring. The success of these systems in cutting costs is another growth driver. Kalorama\u2019s report details cases where new patient monitoring technologies resulted in a need for fewer personnel, increased coverage by existing personnel, and a reduction in errors. A third driver is EMR. Almost all of these devices can provide information directly to an EMR system to make a useful health record.<\/em><\/p>\n \u201cSuccess of the aggregate market does not mean every brand will succeed,\u201d Carlson noted. The report extensively profiles the competitors that continue to make a significant impact. Top manufacturers of patient monitoring devices are Abbott Laboratories, Inc., Draeger Medical, Inc., GE Healthcare, Honeywell, Medtronic, Inc., and Philips Healthcare. However, there are many smaller companies and there is room for new entrants with a useful device.<\/em><\/p>\n \u201cThis is a very scattered market with large players but also scores of companies with a small amount of market share, and some of that forecasted growth is going to come from innovators whose names we may not have heard yet,\u201d said Carlson.<\/em><\/p>\n Kalorama Information\u2019s report, Remote and Wireless Patient Monitoring Markets, contains more information, including: market sizing and forecasts, breakdown by disease and venue segments, and detailed company profiles.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" It was only a matter of time before this headline came out.\u00a0 Now watch this […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[14,1],"tags":[],"class_list":["post-1984","post","type-post","status-publish","format-standard","hentry","category-blog","category-uncategorized"],"acf":[],"yoast_head":"\n