The world of connected health is rapidly advancing as technology continues to evolve and expand. Although telehealth was commonly used before COVID-19, the pandemic propelled the use due to the increasing need of virtual healthcare options. Online connected health service provides patients with reliable and secure medical care.
Remote patient monitoring (RPM) is among the most prevalent sectors in the growing telehealth space. In fact, the global remote patient monitoring market is estimated to reach approximately $175 billion by 2027, up from $53.6 billion in 2022, resulting in a compound annual growth rate of 26.7 percent during the forecast period. One of the largest drivers to this growth is the sizable aging population.
Possible Opportunities and Benefits
Technology opens the door for an endless number of opportunities, especially in the connected health space. RPM provides patients and medical professionals the tools to access healthcare virtually. Advanced IoT technology leverages data to increase communication protocols, engagement, and independent decision-making.
Some of the main benefits of remote patient monitoring can include, but are not limited to:
- Improved access to care
- Lower costs for both parties involved
- Combats clinical staff shortages
- Reduces spread of infectious diseases
- Strengthens patient engagement, retention, and satisfaction
Use Cases in Remote Patient Monitoring
The use cases in this area are numerous but some examples include:
- Comprehensive Cardiac Care – Cardiac rhythm monitoring systems provide wireless solutions to analog heart monitors and authorizes patient data to be transmitted to a web-based management system.
- Chronic Obstructive Pulmonary Diseases (COPD) Care – With the assistance of a connected device, COPD patients can monitor and report their weight, blood pressure, respirations, and oximetry levels to an online platform. This information can then be transferred to healthcare professionals, alerting them when additional care is needed.
- Diabetes Management Care – Diabetes patients require proactive monitoring to manage their insulin and glucose levels. The ability to track precise data and communicate those numbers to healthcare teams is crucial, especially for high-risk patients. Technology developments in this area of healthcare can help make this condition more manageable for both patients and doctors.
Check out some of our additional use case examples in the infographic here.
Get Expert IoT Solutions
KORE is an expert in deploying, managing, and scaling IoT solutions. We are here to help drive the next generation of connected health technology. Our comprehensive suite of technologies and services simplifies the complexity of remote diagnostics and outpatient monitoring.
Learn more about overcoming obstacles in RPM and the best practices to decrease your time to market in our on-demand webinar, “From Roadmap to Revenue with Remote Patient Monitoring” here.