The world market for remote patient monitoring was worth an estimated $521.1 million in 2015 – a 6.9% increase from 2014, which is modest given the potential and addressable market.
As solutions from vendors are enhanced with new features, convergence across what used to be distinct solutions is blurring the lines between virtual consultations, healthcare kiosks and remote patient monitoring. The short-term implication is terminology-related, but long-term, convergence will impacts the entire value chain of virtual healthcare.
The vague nature of product and service classification continues its presence in virtual healthcare and whether it is from a regulatory point of view, or perhaps engagements between vendors and providers, the ever-changing state of virtual healthcare is a double-edged sword.
In this complimentary extract from the IHS Technology 2017 Telehealth Remote Patient Monitoring Report we provide a current, global status overview of virtual healthcare, telehealth and remote patient monitoring and forecast the impact of significant trends.