Remote & Wireless Patient Monitoring Markets

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from $3,995	150 Pages	Kalorama Information	May, 2010	KLI2645944

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Best Price Guarantee
Price	from $3,995
Length	150 Pages
Publisher	Kalorama Information
Published Date	May, 2010
SKU	KLI2645944

Patient monitoring systems are emerging in response to increased healthcare needs of an aging population, new wireless technologies, better video and monitoring technologies, decreasing healthcare resources, an emphasis on reducing hospital days, and proven cost-effectiveness.

Of these new high-tech patient monitoring systems, nearly all focus on some form of wireless or remote patient monitoring. Advances in remote patient monitoring include new peripherals, real-time audio and video for “face-to-face” interaction between clinicians and patients, wireless communication, systems that “sort” the vast amount of data collected in order to put it into the context of a patient’s condition, portable and ambulatory monitors, web-based access to the patient record, systems that transfer data to an electronic medical record (EMR), and full-service outsourcing that includes a clinician to evaluate data and send a report to the attending physician.

This Kalorama Information report, Remote & Wireless Patient Monitoring Markets covers three product areas: wireless and remote patient monitors, patient data processing applications and equipment, and EMR data transfer equipment and applications, which coordinate the flow of data to hospital electronic medical record system. Wireless and remote technologies include all patient monitoring that transmit data either within an institution via wireless or intranet, and all technologies that monitor a patient and forward the data to another party or application. There are four primary markets for these new technologies, which are as follows:

Hospitals;
Home healthcare;
Nursing homes; and
Other (including first responders, institutional, physician offices, and military)

This report breaks out the market for high tech remote and wireless patient monitoring systems by these usage areas. But the report also by disase category for the following areas:

Asthma
COPD
CHF
CHD
Diabetes
Other

Patient data processing applications and equipment use algorithms to evaluate monitoring measurements for a patient’s specific condition(s). Usually, these can be customized by the physician, with reports sent to the physician. In the market for high-tech patient monitoring systems, the applications and equipment are either integrated into the patient monitoring system or are add-ons to the measuring systems. As with data processing, EMR data transfer equipment and applications for this report are either components of, or add-ons to, patient monitoring systems. This report does not include EMR applications. In general, the applications in this segment transfer data to third-party EMRs.

Most players in the market are discussed as part of Kalorama's competitive analysis of the remote patient monitoring market. As part of our coverage of the marketplace for remote and wireless systems, the followiing companies are profiled in detail in this report:

Abbott Laboratories, Inc
Aerotel Medical Systems
GE Healthcare
Honeywell HomMed LLC
Intel Corporation
Philips Medical Systems

Roche Diagnostics Corporation

This report was constructed using both a primary and secondary research approach. Annual reports, trade publications and other sources were thoroughly researched, but interviews were conducted among industry executives were used to make assessments of markets and to discover trends and construct forecasts.

In addition to being a resource for major pharmaceutical, diagnostic and healthcare IT companies, Kalorama Information has been utilized by: The Economist, The New York Times, The Wall Street Journal, Health and Imaging IT Magazine, Fierce EMR, and many other publications for reporting on markets.

New York, May 12, 2010—New technologies in patient monitoring are an important part of an overall effort to cut hospital stays and healthcare costs, through the use of information technology. Nearly all of these new systems can monitor patients remotely, process data, and even alert a healthcare worker if there is a problem, reports healthcare market research publisher Kalorama Information in its new title Remote & Wireless Patient Monitoring Markets. As is the case with many areas of technology in healthcare, Kalorama expects the U.S. market for high-tech patient monitoring systems, valued at $5.7 billion in 2009, to experience impressive annual growth of around 26% through 2014.

New patient monitoring systems are emerging in response to the increased healthcare needs of an aging population, new wireless technologies, better video and monitoring technologies, decreasing healthcare resources and shortages of healthcare workers, and an emphasis on reducing hospital days.

Numerous studies in the United States and Europe have proven the cost benefits of patient monitoring, despite high initial costs to implement these systems. The Home-Care Management Systems study, partially sponsored by the European Commission under the Trans-European Network initiative and known as TEN-HMS, was the world’s first large-scale, randomized prospective telemonitoring trial. The study showed that the use of home-based telemonitoring reduced the number of hospital days by 26% and led to an overall cost savings of 10% compared with nurse telephone support. Home telemonitoring also increased both patient survival and satisfaction.

From monitoring patient data, to processing that data according to the patient’s disease state, to generating reports for the physician, and transferring the data to an EMR, these systems have demonstrated their cost effectiveness and ability to improve patient outcomes and satisfaction.

“Wireless technologies, Bluetooth, and mobile telephones are all being used to transmit patient monitoring data while reducing the clutter of multiple connections,” notes Mary Anne Crandall, analyst for Kalorama Information and author of the report. “These range from using local area networks (LANs) in hospitals to using cell phones from a patient’s home, which can give both patients and caregivers added mobility and efficiency.”

Kalorama Information’s Remote & Wireless Patient Monitoring Markets discusses three product areas: wireless and remote patient monitors, patient data processing applications and equipment, and EMR data transfer equipment and applications, which coordinate the flow of data to hospital electronic medical record system. It provides key information including market data and forecasts, product reviews, trends and issues, and detailed company profiles.

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TABLE OF CONTENTS

CHAPTER ONE: EXECUTIVE SUMMARY

Introduction
Scope and Methodology
Products
Issues and Trends
Size and Growth of the Market
Leading Competitors
Forecast

CHAPTER TWO: INTRODUCTION

Overview

Aging of the Population

New Technologies

Wireless Technologies
Remote Monitoring
Telemedicine
Applications to Sort Data by Disease State
EMR (EHR) Data Transfer Applications and Equipment

Proven Cost Effectiveness

Barriers to Use of New Technologies in Patient Monitoring

Forecasts CHAPTER THREE: PRODUCTS

Overview
Offerings
- Abbott
- American Medical Development (AMD) Telemedicine Products
- American TeleCare
- Cardiocom
- Carematix
- Cybernet Medical Corporation
- Drager Medical
- GE Healthcare
- Global Media
- Honeywell HomMed
- iMetrikus
- InTouch Health
- LifeWatch Technologies
- MedApps
- Medtronic
- Philips Medical Systems
- Roche
- St. Jude Medical
- Second Opinion Software
- Viterion TeleHealthcare
- Welch Allyn
- WebVMC

CHAPTER FOUR: ISSUES AND TRENDS

Introduction
Issues and Trends Driving the Market
- Aging of the Population
- New Wireless Technologies
- Decreasing Healthcare Resources
- Emphasis on Reducing Hospital Days
- Nursing Shortage
- Cost Effectiveness
Issues and Trends in Patient Monitoring Technologies
- Audio and Video
- Algorithms to “Sort” Data or Trigger Alarms
- Off-site Access to Data
- Full-service Outsourcing
- Data Management and the Electronic Medical Record
- Turnkey Systems
- Disease Management Kits
- HIPAA
- System Compatibility

CHAPTER FIVE: TOTAL MARKET SIZE AND FORECAST

Overview
Disease States
- Asthma
- COPD
- CHF
- CHD
- Diabetes
Total Market Size and Forecast
Technologies
- Wireless and Remote Patient Monitors
- Patient Data Processing Applications and Equipment
- Equipment and Applications to Transfer Data to EMRs
End-User Markets
- Hospitals
- Home Healthcare
- Nursing Homes
- Other
Disease States
- Asthma
- COPD
- CHF
- CHD
- Diabetes
- Other

CHAPTER SIX: CORPORATE PROFILES

Introduction
Abbott Laboratories, Inc
GE Healthcare
Honeywell HomMed LLC
Medtronic, Inc.
Philips Medical Systems
Roche Diagnostics Corporation

APPENDIX A: REGULATORY AUTHORITIES AND ORGANIZATIONS

APPENDIX B: LIST OF COMPANIES

LIST OF EXHIBITS CHAPTER ONE: EXECUTIVE SUMMARY

Table 1-1: The U.S. Market for High-Tech Patient Monitoring Systems 2007-2014
Figure 1-1: The U.S. Market for High-Tech Patient Monitoring Systems 2007-2014

CHAPTER THREE PRODUCTS

Table 3-1: Select Patient Monitoring Systems
Table 3-2: Select Patient Monitoring Systems January 2008

CHAPTER FOUR: ISSUES AND TRENDS

Table 4-1: Projected Population of the United States, by Age: 2000 to 2050
Figure 4-1: Population Aged 65 and Over, and 85 and Over 2000 to 2050
Figure 4-2: Percent of Population Aged 65 and Over, and 85 and Over 2000 to 2050
Table 4-2: Resident Population Projections: 2007 to 2050, July 1
Table 4-3: National Health Expenditure Amounts, by Type of Expenditure: Calendar Years 2001-2015
Table 4-4: Per Capita Healthcare Expenditures, 2001-2015
Table 4-5: Percent of Office-based Physicians Using EMRs (EHRs), by Number of Physicians in Practice, 2006
Figure 4-2: Percent of Office-based Physicians Using EMRs, by Number of Physicians in Practice, 2006
Table 4-6: Percent of Office-based Physicians Using EMRs, 2001-2006 Figure 4-3: Percent of Office-based Physicians Using EMRs, 2001-2006
Table 4-7: Percent of Medical Practices Using EMRs, by Selected Years: 2003-2006
Figure 4-4: Percent of Medical Practices Using EMRs, by Selected Years: 2003-2006
Table 4-8: Percentage of Office-based Physicians Reporting Fully or Partially Electronic EMR Systems: United States, 2006
Table 4-8: Use of Electronic Medical Records by Location Characteristics of Office-based Physicians: United States, 2006

CHAPTER FIVE: TOTAL MARKET SIZE AND FORECAST

Table 5-1: U.S. Prevalence of Asthma, COPD, CHF, CHD, and Diabetes 2007 and 2012
Figure 5-1: U.S. Prevalence of Asthma, COPD, CHF, CHD, and Diabetes 2007 and 2012
Table 5-2: U.S. Prevalence of Asthma, COPD, CHF, CHD, and Diabetes Among Americans Aged 65 and Over 2007 and 2012
Figure 5-2: U.S. Prevalence of Asthma, COPD, CHF, CHD, and Diabetes Among Americans Aged 65 and Over 2007 and 2012
Table 5-3: U.S. Direct and Indirect Morbidity Costs of Asthma, COPD, CHF, CHD, and Diabetes 2007
Figure 5-3: U.S. Direct and Indirect Morbidity Costs of Asthma, COPD, CHF, CHD, and Diabetes 2007
Figure 5-4: Percent Distribution of U.S. Direct Costs of Asthma, COPD, CHF, CHD, and Diabetes 2007
Table 5-4: The U.S. Market for New Technologies in Patient Monitoring 2007-2014
Figure 5-5: The U.S. Market for New Technologies in Patient Monitoring 2007-2014
Table 5-5: The U.S. Market for New Technologies in Patient Monitoring, by Technology Type (Wireless, Data Processing, EMR Data Transfer) 2007-2014
Figure 5-6: The U.S. Market for New Technologies in Patient Monitoring, by Technology Type 2007-2014
Figure 5-7: The U.S. Market for New Technologies in Patient Monitoring, by Technology Type 2007
Figure 5-8: The U.S. Market for New Technologies in Patient Monitoring, by Technology Type 2012
Table 5-6: The U.S. Market for Wireless and Remote Patient Monitoring Technologies 2007-2014
Figure 5-9: The U.S. Market for Wireless and Remote Patient Monitoring Technologies 2007-2014
Table 5-7: The U.S. Market for Patient Data Processing Applications and Equipment 2007-2014
Figure 5-10: The U.S. Market for Patient Data Processing Applications and Equipment 2007-2014
Table 5-8: The U.S. Market for EMR Data Transfer Equipment and Applications 2007-2014
Figure 5-11: The U.S. Market for EMR Data Transfer Applications and Equipment 2007-2014
Table 5-9: The U.S. Market for New Technologies in Patient Monitoring, by End User (Hospitals, Home Healthcare, Nursing Homes, Other) 2007-2014
Figure 5-12: The U.S. Market for New Technologies in Patient Monitoring, by End User Type (Hospitals, Home Healthcare, Nursing Homes, Other) 2007-2014
Figure 5-13: The U.S. Market for New Technologies in Patient Monitoring, by End User Type (Hospitals, Home Healthcare, Nursing Homes, Other) 2007
Figure 5-13: The U.S. Market for New Technologies in Patient Monitoring, by End User Type (Hospitals, Home Healthcare, Nursing Homes, Other) 2012
Table 5-10: The U.S. Market for New Technologies in Patient Monitoring in Hospitals 2007-2014
Figure 5-13: The U.S. Market for New Technologies in Patient Monitoring in Hospitals 2007-2014
Table 5-11: The U.S. Market for New Technologies in Patient Monitoring in Home Healthcare 2007-2014
Figure 5-14: The U.S. Market for New Technologies in Patient Monitoring in Home Healthcare 2007-2014
Table 5-12: The U.S. Market for New Technologies in Patient Monitoring in Nursing Homes 2007-2014
Figure 5-15: The U.S. Market for New Technologies in Patient Monitoring in Nursing Homes 2007-2014
Table 5-13: The U.S. Market for New Technologies in Patient Monitoring in Other End Uses 2007-2014
Figure 5-16: The U.S. Market for New Technologies in Patient Monitoring in Other End Uses 2007-2014
Table 5-14: The U.S. Market for New Technologies in Patient Monitoring, by Disease State 2007-2014 (Asthma, COPD, CHF, CHD, Diabetes, Other)
Figure 5-17: The U.S. Market for New Technologies in Patient Monitoring, by Disease State (Asthma, COPD, CHF, CHD, Diabetes, Other) 2007-2014
Figure 5-18: The U.S. Market for New Technologies in Patient Monitoring, by Disease State (Asthma, COPD, CHF, CHD, Diabetes, Other) 2007
Figure 5-19: The U.S. Market for New Technologies in Patient Monitoring, by Disease State (Asthma, COPD, CHF, CHD, Diabetes, Other) 2012
Table 5-15: The U.S. Market for New Technologies in Patient Monitoring Asthma 2007-2014
Figure 5-20: The U.S. Market for New Technologies in Patient Monitoring of Asthma 2007-2014
Table 5-16: The U.S. Market for New Technologies in Patient Monitoring of COPD 2007-2014
Figure 5-21: The U.S. Market for New Technologies in Patient Monitoring of COPD 2007-2014 Table 5-17: The U.S. Market for New Technologies in Patient Monitoring of CHF 2007-2014
Figure 5-22: The U.S. Market for New Technologies in Patient Monitoring CHF 2007-2014
Table 5-18: The U.S. Market for New Technologies in Patient Monitoring of CHD 2007-2014
Figure 5-23: The U.S. Market for New Technologies in Patient Monitoring of CHD 2007-2014
Table 5-19: The U.S. Market for New Technologies in Patient Monitoring of Diabetes 2007-2014
Figure 5-24: The U.S. Market for New Technologies in Patient Monitoring of Diabetes 2007-2014
Table 5-20: The U.S. Market for New Technologies in Patient Monitoring of Other Conditions 2007-2014
Figure 5-25: The U.S. Market for New Technologies in Patient Monitoring of Other Conditions 2007-2014