The market for remote monitoring healthcare solutions is on the verge of rapid growth, according to a report from Berg Insight, a Machine-to-Machine (M2M) and Internet of Things (IoT) research firm.
At the end of 2013, there were 3.0 million patients using connected home medical monitoring devices worldwide, and the research firm estimates that the number of patients using connected home medical monitoring devices will grow at a compound annual growth rate (CAGR) of 44.4 percent to reach 19.1 million by 2018.
“The market for mHealth solutions is still in an early stage, but on the brink of entering a strong growth phase that will last for many years to come,” Berg Insight said.
Eva Enanoria, of Parlacom, a Brazilian M2M company, recently posted the report’s findings on the M2M Global Network group page on LinkedIn.
Revenues for remote patient monitoring (RPM) solutions reached € 4.3 billion in 2013, including revenues from medical monitoring devices, mHealth connectivity solutions, care delivery platforms and monitoring services, the research firm said. RPM revenues are estimated to grow at a CAGR of 35 percent between 2013 and 2018, reaching € 19.4 billion. Connected medical devices accounted for 76.7 percent of total RPM revenues in 2013. However, revenues for mHealth connectivity solutions, care delivery platforms and monitoring services are growing at a faster rate and will account for 40.0 percent of total revenues in 2018, up from just 23.3 percent in 2013, according to Berg Insight.
Aeris Communications is working closely with in-home health care solution providers to ensure the delivery of services. With industry-leading machine-to-machine (M2M) cellular communications, Aeris offersthe most reliable and flexible CDMA and GSM M2M solutions available today for healthcare providers. As an operator and a technology provider, Aeris can deliver end-to-end M2M solutions for even the most demanding customers. No matter how large or small the deployment, Aeris guarantees the industry’s best customer service, highest reliability, and lowest total cost of ownership.
Aeris’s fast-growing customer list of in-home healthcare solution providers includes SimplyHome, Bosch, ResMed, GTX, iRythmn, Live Free Home Health Care, and Astute.
Click here to read the Aeris report, "Seven Things You Must Consider before deploying a Telehealth Device."