Remote Patient Monitoring Services also assist patients recover at home by preventing needless hospitalisation. The healthcare burden associated with chronic diseases owing to avoidable hospitalisation and readmission can be considerably reduced by these remote patient monitoring technologies that combine advancements in biosensors and machine learning.
These services are very beneficial in densely populated areas or nations because it is anticipated that they will lessen hospital and other healthcare facility crowding. To improve the quality of their services and cut costs, healthcare providers are expanding the implementation of remote patient monitoring services.
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According to Qualcomm Life Inc., the maker of the 2net patient monitoring platform, the U.S. would experience a considerable reduction in the US$ 4.4 Million in avoidable hospital admissions if linked patient monitoring systems were adopted. In addition, rising mobile and internet usage, quick technology advancements like the rollout of 4G and 5G networks, a shift towards accountable care, etc. are all anticipated to have an impact on the worldwide remote patient monitoring market.
The global market for remote patient monitoring services is segmented on basis of services, revenue generation model, end user and geography:
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The factors anticipated to constrain the expansion of the global remote patient monitoring services throughout the projected period, however, include inadequate internet connectivity in emerging and underdeveloped nations, lack of awareness of and value recognition for remote patient monitoring services.
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