U.S. Home Health Care Market for Remote Patient Monitoring ServicesFrost & SullivanDecember 4, 2006 69 Pages - SKU: MC1392811 |
| Countries covered: United States Research Overview This Frost & Sullivan research service titled U.S. Home Health Care Market for Remote Patient Monitoring Services provides an overview of this market through estimates and forecasts of market revenues, unit shipments, and pricing analysis, along with an in-depth discussion of market drivers, restraints, challenges, strategies, and trends that are impacting the U.S. home health care market for RPM services. Market Overview Rising Incidence of Chronic Conditions among Elderly Spurs Demand for Home Health Monitoring As healthcare facilities are bearing the responsibility of treating a growing population of elderly patients suffering from chronic illnesses, home health agencies are looking for innovative ways to improve patient outcomes and reduce re-hospitalization rates. Certain agencies are turning to remote patient monitoring (RPM) technology to achieve their goals in expanding the range of their services to effectively and efficiently treat larger volumes of patients. There is a large potential patient group for such services, and the recent emphasis on preventative care has helped raise awareness about remote monitoring solutions. RPM services can help compliment traditional home health services, while expanding the treatment and health monitoring capacity of home health agencies. RPM services enhance home health operations by fostering closer relationships between patients and visiting nurses, while motivating better compliance with treatment plans. Cost-efficient Technical Innovations Allow Market Participants to Overcome Decreasing Investments in RPM Services Although the market is experiencing high growth, high setup costs, concerns over cost-effectiveness, and return on investment deter potential purchasers from investing in RPM technology. "Without more empirical evidence demonstrating that RPM technology improves health outcomes, many home health agencies are likely to remain reluctant to devote resources to RPM services," explains the analyst. As RPM service providers expose the extent to which the healthcare system is incurring preventable costs in its treatment of elderly chronically ill patients, opportunities may arise for RPM technology to demonstrate its effectiveness. As several companies have already begun responding to cost-reduction demands for the hospital market, participants should be well prepared to transfer their skills to the home market. There is still significant room for technical innovation within the home monitoring market. "Product developers must not only focus on adapting to existing technologies for new uses, but also integrate new technologies into home monitoring systems," notes the analyst. "As the cost of technology declines, those companies developing products for this market are likely to gain greater flexibility to provide cutting-edge designs for home users and professional service providers." |
More United States Patient Monitoring Reports
Analysis of the U.S. Multiparameter Patient Monitoring Equipment Market by
Frost & Sullivan
The future of the multiparameter patient monitoring market will be monitors that help healthcare professionals manage clinical information across patients and units by capturing and ...
Telemonitoring: Challenges & Opportunities by
Espicom Healthcare Intelligence
The market could exceed revenues of US$1 billion by 2015 - but user and patient concerns must be overcome
Telemonitoring technology has been hailed as ...
United States Patient Monitoring Market Outlook to 2017 - Fetal Monitors, Multiparameter Patient Monitoring, Neonatal Monitors, Non-Invasive Blood Pressure Monitors, Remote Patient Monitoring and Others by
GlobalData
United States Patient Monitoring Market Outlook to 2017 - Fetal Monitors, Multiparameter Patient Monitoring, Neonatal Monitors, Non-Invasive Blood Pressure Monitors, Remote Patient Monitoring and Others Summary GlobalData’s ...
Vital Signs Monitor Manufacturing in the US - Industry Market Research Report by
IBISWorld
Vital Signs Monitor Manufacturing Good signs After performing well during the recession because of continued demand for healthcare, the Vital Signs Monitor Manufacturing industry will perform strongly ...
Freedonia Focus on Patient Monitoring Systems by
Freedonia Focus
This report discusses demand for patient monitoring systems in the US for the years 2004 and 2009, with forecasts for 2014. Topics covered include market ...
See all reports like this >>
More United States Reports
e-Discovery Software Publishing in the US - Industry Market Research Report by
IBISWorld
e-Discovery Software Publishing in the US Finding growth : Electronic discovery (more often known as e-discovery) refers to a data search, location and securing process for use ...
D&B Country RiskLine Report: The United States of America by
Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...
D&B Country Report: The United States of America by
Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...
Country Report United States January 2011 by
Economist Intelligence Unit
Country Reports analyse political and economic trends in featured countries. They show you exactly how national, regional and global events will affect your business in ...
Coal - US - a snapshot (2010) by
Mintel - Snapshots
Coal in US by Mintel Global Market Navigator provides you with annual year-end market size data, most recently updated in 2010. This market covers consumption ...
See all reports like this >>
Related Markets
- Facilities
- Home Healthcare
- Healthcare
- Information Technology
- Medical Devices
- Critical Care
- Patient Monitoring
Patient Monitoring Reports
- Handhelds in Healthcare: Markets for Smartphones, iPads and Other Tablet PCs, PDAs, Monitors & Scanners in Medical Applications
- Home Healthcare and Disease Management for Remote Monitoring Market
- Home Healthcare and Disease Management for Remote Monitoring Market
- Telemonitoring: Challenges & Opportunities
- Global Mobile Health Applications Market 2010-2014
