Since the beginning of COVID in 2019, the use of telehealth technology has accelerated exponentially, with the need of improving at-home and virtual patient care. A recent Frost & Sullivan analysis on, Innovative Business Models Powering the Telehealth Market in Europe has shared four key growth areas for telehealth, including behavioural health, RPM for real-world evidence collection, doctor-to-doctor communication and consumer wearables.
According to MarketsandMarkets, the global remote patient monitoring industry is estimated to reach $175.2 billion by the year 2027, compared to only $53.6 billion in 2022 – resulting in a compound annual growth rate (CAGR) of 26.7 percent. Similarly, COVID-19 has also shown the large adoption of remote patient monitoring in connected health.
Remote patient monitoring (RPM), is a way of care that provides patients and medical professionals the tools to access healthcare virtually. Advanced IoT technology leverages data to increase communication protocols, engagement, and independent decision-making.
Use cases in RPM include:
Remote patient monitoring has proven to reinforce the demand for healthcare services virtually. The value of remote patient monitoring is not limited, but three important benefits include:
KORE helps organisations deploy IoT solutions needed to drive the next generation of healthcare. We offer solutions from Mobile Device Management (MDM) and device configuration to forward and reverse logistics and compliance. Our comprehensive suite of technologies and services simplifies the complexity of remote diagnostics and outpatient monitoring.
To learn more about our approach to remote patient monitoring, mPERS, and more, download the case study, “IoT Empowers People with Chronic Diseases to Achieve Quality of Life.”
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