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Remote and Wireless Patient Monitoring Markets

Advanced patient monitoring systems that provide wireless or remote patient monitoring to share data outside the immediate patient care area continue to see sales growth. Features on these devices can range from basic remote tracking ability to “face-to-face” interaction between clinicians and patients, or even data sorting of the vast amount of data collected in order to put it into the context of a patient’s condition. Many systems now transfer data to an electronic medical record (EMR), and some come with full-service outsourcing.

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 systems. Data is provided for the US market in 2010 and forecasted to 2015.

Many companies have entered this growing field. Among the offerings discussed in the report are the following:

  • Abbott
  • American Medical Development (AMD) Telemedicine Products
  • American TeleCare
  • Cardiocom
  • Carematix
  • Cybernet Medical Corporation
  • Drager Medical
  • GE Healthcare
  • GlobalMedia Group
  • Honeywell HomMed
  • Intel
  • InTouch Health
  • LifeWatch Technologies
  • MedApps
  • Medtronic
  • Philips Medical Systems
  • Roche
  • St. Jude Medical
  • Second Opinion Telemedicine Solutions, Inc.
  • Welch Allyn
There are four primary markets for these new technologies:
  • Hospitals;
  • Home healthcare;
  • Nursing homes; and
  • Other (including first responders, institutional, physician offices, and military)

Disease categories being monitored remotely:

In addition to providing market sizes by venue serviced, the report also breaks out the market for remote and wireless patient monitoring based on the disease category being monitored by these devices for the following categories:

  • Asthma Monitoring
  • COPD Monitoring
  • CHF Monitoring
  • CHD Monitoring
  • Cancer Monitoring
  • Diabetes Monitoring
  • Other Disease Monitoring

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.

Most players in the market are discussed as part of Kalorama's competitive analysis of the remote patient monitoring market. In addition, as part of our coverage of the marketplace for remote and wireless systems, several major manufacturers are profiled in detail in this report.

Our Methodology:

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

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For Kalorama's take on the healthcare news of the week, based on our analysis of healthcare markets, follow Kalorama Information's Key Point Blog at http://kaloramakeypoint.blogspot.com/


Remote Patient Monitoring Systems May Help Overstressed ICUs

New technologies in remote patient monitoring have the potential to combat soaring healthcare costs and personnel shortages, and reduce hospitalization times, according to Kalorama Information. In a new report, the healthcare market research firm values the U.S. market for remote patient monitoring at $7.1 billion in 2010 and forecasts an annual growth rate of 25.4%, reaching $22.2 billion by 2015. The report details one area of remote patient monitoring that is blossoming, the 'eICU' or 'tele-ICU.'

Due to the predicted shortages of intensivists, cardiologists and nurses in the U.S. in the next 5 to 10 years, the concept of these eICU systems in a critical care setting is growing. The Swedish Medical Center in Seattle has been in the vanguard with the adoption of an eICU, according to Kalorama's report. This medical center installed the Visicu (Philips Healthcare) electronic ICU, which allows intensivists and critical care nurses at the eICU command center to make virtual rounds of patients through an elaborate network of cameras, monitors, and two-way communication links via T1 lines. Another facility, Sentara Healthcare in Norfolk, Virginia, also installed an eICU program and has reported that it reduced intensive care mortality rates by 25% and shortened the average length of stay for patients in the eICU setting by 17%. In this example, per patient costs dropped $2,150 based on reduced patient expenses and increased ICU capacity, generating approximately $3 million in savings for the facility.

"With an eICU intensivists can remotely monitor the condition of patients, check vital signs, and communicate with hospital personnel, patients and their families in multiple locations from one command center," said Bruce Carlson, publisher of Kalorama Information. "It should help to relieve stress on cardiologists, critical care physicians and nurses."

Philips' Visicu is just one of many systems hospitals are purchasing for remote patient monitoring. Products by Draeger AG, GE Healthcare and Abbott are among those featured in Kalorama’s report and figure into their market numbers.

TABLE OF CONTENTS
CHAPTER ONE: EXECUTIVE SUMMARY
  • Introduction
  • Scope and Methodology
    • Product Segments
    • Product Details
    • End-Users
    • Hospitals
    • Home Health
    • Nursing Homes
    • Other Markets
  • Issues and Trends
  • Size and Growth of the Market
  • Competitors
  • Forecast
CHAPTER TWO: INTRODUCTION
  • Overview
  • Aging of the Population
    • Aging Population in the United States
  • Population Statistics
    • World Population
    • U.S. Demographics
  • Proven Cost Effectiveness
  • Economic Trends
    • U.S. Healthcare Market
    • U.S. Healthcare Challenges
  • Barriers to Use of New Technologies in Patient Monitoring
  • Forecast
CHAPTER THREE: PRODUCTS
  • Overview
  • New Technologies
    • Wireless Technologies
    • Remote Monitoring
    • Telemedicine
    • Applications to Sort Data by Disease State
    • EMR (EHR) Data Transfer Applications and Equipment
  • Established Product Segments with Improved Technologies
    • Multiparameter Monitoring Devices
    • Blood Pressure Monitors
    • Pulse Oximeters
    • ECG/EKG
    • Ultrasound
    • Fetal Heart Monitors
    • Diabetes Monitors
    • Prothrombin Time Monitors
  • Offerings
    • Abbott
    • American Medical Development (AMD) Telemedicine Products
    • American TeleCare
    • Cardiocom
    • Carematix
    • Cybernet Medical Corporation
    • Drager Medical
    • GE Healthcare
    • GlobalMedia Group
    • Honeywell HomMed
    • Intel
    • InTouch Health
    • LifeWatch Technologies
    • MedApps
    • Medtronic
    • Philips Medical Systems
    • Roche
    • St. Jude Medical
    • Second Opinion Telemedicine Solutions, Inc.
    • Welch Allyn
    • Others
    • New Monitoring Development
    • MedStar Chemotherapy Monitoring
CHAPTER FOUR: ISSUES AND TRENDS
  • Introduction
  • Issues and Trends Driving the Market
    • Aging of the Population
    • New wireless Technologies
    • Wireless Monitoring Case Study
    • Health Information Technology and American Investment and Recovery Act of 2009 (ARRA)
    • Industry Alliances
      • FDA- Draft Guidance for Industry and Food and Drug Administration Staff - Mobile Medical Applications
    • Medicine At Work Concept
    • Healthcare Efficiency/Inefficiency
    • Capacity Constraints
    • Emphasis on Reducing Hospital Days
    • Decreasing Healthcare Resources
    • Nursing Shortage
    • Cost Effectiveness
    • eICU
    • eICU Case Study
  • Opportunities in TeleHealth/TeleMedicine
  • 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
    • Converged wireless Networks
    • Data Management and the Electronic Medical Record
    • Turnkey Systems
    • Disease Management Kits
    • HIPAA
    • System Compatibility
    • International Patient Monitoring
CHAPTER FIVE: TOTAL MARKET SIZE AND FORECAST
  • Overview
  • 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
    • Cancer
    • COPD
    • CHF
    • CHD
    • Diabetes
    • Other
  • Market Drivers and Inhibitors
    • Growth Drivers
    • Growth Inhibitors
  • Emerging Trends
CHAPTER SIX: CORPORATE PROFILES
  • Introduction
  • Abbott Laboratories, Inc
  • Aerotel Medical Systems
  • Draeger Medical, Inc.
  • GE Healthcare
  • Honeywell HomMed LLC
  • Intel Corporation
  • LifeWatch AG
  • Medtronic, Inc.
  • Philips Healthcare
  • St. Jude Medical

LIST OF EXHIBITS

CHAPTER ONE: EXECUTIVE SUMMARY

  • Table 1-1 The U.S. Market for Remote and wireless patient monitoring Systems 2008-2015 Compound Annual Growth Rate

  • Figure 1-1 The U.S. Market for Remote and wireless patient monitoring Systems 2008-2015

CHAPTER TWO: INTRODUCTION

  • Table 2-1 Estimated World Population by Age and Geographical Region, 2010

  • Figure 2-1 Estimated World Population by Age and Geographical Region, 2010

  • Table 2-2 The U.S. Population, 1980-2020

  • Figure 2-2 The U.S. Population, 1980-2020

  • Table 2-3 Total Healthcare Expenditures as a Percent of GDP by Country 1990, 2000 and 2007

  • Figure 2-3 Total Healthcare Expenditures as a Percent of GDP by Country 1990, 2000, and 2007

  • Table 2-4 National Healthcare Expenditures in the United States 1960-2015

  • Figure 2-4 Healthcare Spending as a Percent of GDP in the United States

  • Figure 2-5 Barriers to Implementing IT, 2005-2008

CHAPTER THREE: PRODUCTS

  • Table 3-1 Select Patient Monitoring Systems June 2011

  • Table 3-1 (continued) Select Patient Monitoring Systems June 2011

  • Table 3-1 (continued) Select Patient Monitoring Systems June 2011

  • Table 3-1 (continued) Select Patient Monitoring Systems June 2011

  • Table 3-1 (continued) Select Patient Monitoring Systems June 2011

CHAPTER FOUR: ISSUES AND TRENDS

  • Table 4-1 International Population Trend Age 65+ p>
  • Table 4-2 United States Population Trend Age 65+ p>
  • Figure 4-3 Percent of U.S. Hospitals Reporting ED Capacity Issues by Type of Hospital, Current Survey March 2010

  • Figure 4-4 Percent of U.S. Hospitals Reporting ED Diversion in Last 12 Months by Type of Hospital, Current Survey March 2010

  • Figure 4-5 Percent of U.S. Hospitals Citing Factor as Number One Reasons for ED Diversion, Current Survey March 2010

  • Table 4-3 National Health Expenditure Amounts, by Type of Expenditure: Calendar Years 2001-2015 1

  • Table 4-3 (continued) National Health Expenditure Amounts, by Type of Expenditure: Calendar Years 2001-2015
CHAPTER FIVE: TOTAL MARKET SIZE AND FORECAST
  • Table 5-1 The U.S. Market for Remote and wireless patient monitoring Systems 2008-2015 Compound Annual Growth Rate

  • Figure 5-1 The U.S. Market for Remote and wireless patient monitoring Systems 2008-2015

  • Table 5-2 The U.S. Market for Remote and wireless patient monitoring Systems, by Technology Type (wireless, Data Processing, EMR Data Transfer) 2008-2015 Compound Annual Growth Rate

  • Figure 5-2 The U.S. Market for Remote and wireless patient monitoring Systems, by Technology Type 2008-2015

  • Figure 5-3 The U.S. Market for Remote and wireless patient monitoring Systems, by Technology Type 2010

  • Figure 5-4 The U.S. Market for Remote and wireless patient monitoring Systems, by Technology Type 2015

  • Table 5-3 The U.S. Market for Advanced wireless and Remote Patient Monitoring Technologies 2008-2015 Compound Annual Growth Rate

  • Figure 5-5 The U.S. Market for Advanced wireless and Remote Patient Monitoring Technologies 2008-2015

  • Table 5-4 The U.S. Market for Patient Data Processing Applications and Equipment 2008-2015 Compound Annual Growth Rate

  • Figure 5-6 The U.S. Market for Patient Data Processing Applications and Equipment 2008-2015

  • Table 5-5 The U.S. Market for EMR Data Transfer Equipment and Applications 2008-2015

  • Figure 5-7 The U.S. Market for EMR Data Transfer Applications and Equipment 2008-2015

  • Table 5-6 The U.S. Market for Remote and wireless patient monitoring Systems, by End User (Hospitals, Home Healthcare, Nursing Homes, Other) 2008-2015

  • Figure 5-8 The U.S. Market for Remote and wireless patient monitoring Systems, by End User (Hospitals, Home Healthcare, Nursing Homes, Other) 2008-2015

  • Figure 5-9 The U.S. Market for Remote and wireless patient monitoring Systems, by End User Type (Hospitals, Home Healthcare, Nursing Homes, Other) 2010

  • Figure 5-10 The U.S. Market for Remote and wireless patient monitoring Systems, by End User Type (Hospitals, Home Healthcare, Nursing Homes, Other) 2015

  • Figure 5-7 Number of Hospitals in the US, 1975-2005, Estimated 2015

  • Table 5-8 The U.S. Market for Remote and wireless patient monitoring in Hospitals 2008-2015

  • Figure 5-11 The U.S. Market for Remote and wireless patient monitoring in Hospitals 2008-2015

  • Table 5-9 Home Health Statistics, 2007

  • Table 5-10 The U.S. Market for Remote and wireless patient monitoring in Home Healthcare 2008-2015 Compound Annual Growth Rate

  • Figure 5-12 The U.S. Market for Remote and wireless patient monitoring in Home Healthcare 2008-2015

  • Table 5-11 U.S. Nursing Homes, Beds, Residents and Occupancy Rate, 2008

  • Table 5-12 The U.S. Market for Remote and wireless patient monitoring in Nursing Homes 2008-2015

  • Figure 5-13 The U.S. Market for Remote and wireless patient monitoring in Nursing Homes 2008-2015

  • Table 5-13 The U.S. Market for Remote and wireless patient monitoring in Other End Uses 2008-2015

  • Figure 5-14 The U.S. Market for Remote and wireless patient monitoring in Other End Uses 2008-2015

  • Table 5-14 U.S. Prevalence of Asthma, Cancer, COPD, CHF, CHD, and Diabetes 2010 and Estimated 2015

  • Figure 5-15 U.S. Prevalence of Asthma, Cancer, COPD, CHF, CHD, and Diabetes 2010 and Estimated 2015

  • Table 5-15 U.S. Prevalence of Asthma, Cancer, COPD, CHF, CHD, and Diabetes Among Americans Aged 65 and Over 2010 and Estimated 2015

  • Figure 5-16 U.S. Prevalence of Asthma, Cancer, COPD, CHF, CHD, and Diabetes Among Americans Aged 65 and Over 2010 and Estimated 2015

  • Figure 5-17 The U.S. Market for Remote and wireless patient monitoring Systems, by Disease State (Asthma, Cancer, COPD, CHF, CHD, Diabetes, Other) 2010

  • Figure 5-18 The U.S. Market for Remote and wireless patient monitoring Systems, by Disease State (Asthma, Cancer, COPD, CHF, CHD, Diabetes, Other) 2015

CHAPTER SIX: CORPORATE PROFILES
  • Table 6-1: Abbott Revenues

  • Table 6-2: Draeger Revenues

  • Table 6-3: GE Revenues

  • Table 6-4: Honeywell Revenues

  • Table 6-5: Intel Revenues

  • Table 6-6: LifeWatch Technologies Revenues

  • Table 6-7: Medtronic Revenues

  • Table 6-8: Philips Revenues

  • Table 6-9: St. Jude Revenues

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