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Approximately 2.2 million patients globally used a home-based remote monitoring device as of the end of 2011, according to a recent report from Berg Insight. The metric only accounts for devices that use fixed wireless, cellular, and fixed line connections. Devices that connected via smartphones or PCs were not included in the statistic. In addition, the number of home health monitoring devices in use with embedded cellular connectivity increased from 420,000 in 2010 to about 570,000 in 2011, and is expected to hit 2.47 million in 2016.
Berg also predicts that the number of remote home monitoring systems will grow at a compound annual growth rate (CAGR) of 18 percent between 2010 and 2016, reaching 4.9 million by 2016. Devices that leverage cellular connectivity will grow 34.6 percent to reach the 2.47 million expected in 2016.
The most common chronic diseases being monitored include cardiac arrhythmia, sleep apnea, diabetes and chronic obstructive pulmonary disease (COPD), with momentum gaining in devices for glucose monitoring and medication adherence. More than 200 million people in the US and Europe suffer from one or several chronic diseases where home monitoring is a treatment option.
In 2010, Berg found the the worldwide market for home health monitoring of “welfare diseases” to be worth about € 7.6 billion ($10 billion). It did not release a monetary figure for this year's market.
“Home monitoring solutions that can communicate over a cellular network, landline connection or the Internet have already reached significant volumes within cardiac rhythm management, integrated telehealth solutions, sleep therapy and cardiac event monitoring,” stated Lars Kurkinen, Telecom Analyst at Berg Insight, in a press release.
Read the press release below.
PRESS RELEASE -- According to new a research report from the analyst firm Berg Insight, around 2.2 million patients worldwide were using a home monitoring service based on equipment with integrated connectivity at the end of 2011. The figure does not include patients that use monitoring devices connected to a PC or mobile phone. It only includes systems that rely on monitors with integrated connectivity or systems that use monitoring hubs with integrated cellular or fixed-line modems. Berg Insight forecasts that the number of home monitoring systems with integrated communication capabilities will grow at a compound annual growth rate (CAGR) of 18.0 percent between 2010 and 2016 reaching 4.9 million connections globally by the end of the forecast period. The number of these devices that have integrated cellular connectivity increased from 0.42 million in 2010 to about 0.57 million in 2011, and is projected to grow at a CAGR of 34.6 percent to 2.47 million in 2016.
Some of the most common conditions being monitored today are chronic diseases including cardiac arrhythmia, sleep apnea, diabetes and chronic obstructive pulmonary disease (COPD). These conditions cause substantial costs and reduce both life expectancy and quality of life. Berg Insight estimates that more than 200 million people in the EU and the US suffer from one or several chronic diseases where home monitoring can become a treatment option. “Home monitoring solutions that can communicate over a cellular network, landline connection or the Internet have already reached significant volumes within cardiac rhythm management, integrated telehealth solutions, sleep therapy and cardiac event monitoring”, says Lars Kurkinen, Telecom Analyst, Berg Insight. He adds that connectivity is gaining momentum in several other segments as well, such as glucose meters and medication adherence systems.
Leveraging connectivity technologies in the healthcare industry can lead to decreased costs, more efficient care delivery and improved sustainability of the healthcare system. New care models enabled by these technologies are also often consistent with patients’ preferences of living more healthy, active and independent lives. Progress is being made in the adoption of wireless technology among manufacturers of medical monitoring equipment. However, there is still a long way to go before remote monitoring becomes a standard practise in the healthcare sector.
About Berg Insight
Berg Insight offers premier business intelligence to the telecom industry. We produce concise reports providing key facts and strategic insights about pivotal developments in our focus areas. Our vision is to be the most valuable source of intelligence for our customers.