Since the beginning of COVID in 2019, the switch to telehealth has been on the rise with technology becoming a driving force in this market. The need to expand opportunities and healthcare access comes easily with virtual medical management.
Telehealth can make care reliable, secure, and scalable. According to MarketsandMarkets, the global remote patient monitoring industry is estimated to reach $175.2 billion by the year 2027, compared to only $53.6 billion in 2022 – resulting in a compound annual growth rate (CAGR) of 26.7 percent. Similarly, COVID-19 has also shown the large adoption of remote patient monitoring in connected health.
Remote patient monitoring (RPM), like the name suggests, is a way of care that 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.
Use cases in RPM include:
Remote patient monitoring has proven to reinforce the demand for healthcare services virtually. The value of remote patient monitoring is not limited, but three important benefits include:
KORE helps organizations deploy IoT solutions needed to drive the next generation of healthcare. We offer solutions from Mobile Device Management (MDM) and device configuration to forward and reverse logistics and compliance. Our comprehensive suite of technologies and services simplifies the complexity of remote diagnostics and outpatient monitoring.
To learn more about our approach to remote patient monitoring, mPERS, and more, download the case study, “IoT Empowers People with Chronic Diseases to Achieve Quality of Life.”
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