Embed Size (px)
DESCRIPTION
Remote Patient Monitoring (RPM) technology is beginning to mature and gain popularity across the world, especially in western countries. Constant innovations, cost-effectiveness and health benefits are attracting investments in this domain. Despite the advantages, many hospitals and healthcare systems have questioned the clinical effectiveness of this technology and are uncertain about the financial returns on investment on this domain.
Citation preview
©2014 Aranca. All Rights Reserved. www.aranca.comIf you wish to reproduce or use this infographic in any format, please email us at [email protected]
Compiled by: Darsh Lathia
RPM technology is beginning to mature and gain popularity across the world, especially in
western countries. Constant innovations, cost-e�ectiveness and health benefits are attracting
investments in this domain. Added to this, public receptivity and legal, regulatory as well as
reimbursement issues are expected to shape the technology’s future.
Despite the advantages, the e�cacy of RPM is a controversial topic in the healthcare industry.
Many hospitals and healthcare systems have questioned the clinical e�ectiveness of this
technology and are uncertain about the financial returns on investment in this domain. Investors
are betting that new federal requirements and changes in how doctors get paid will force
hospitals to buy more RPM gadgets to help watch over and care for patients outside the hospital
setting. Therefore, there is a possibility of many small size companies sprouting with various
innovations to meet this demand. As a result, heavy investments are expected in the near future.
Aranca’s Views
Remote Patient Monitoring Market in the US: A Potential Game Changer?
Remote patient monitoring (RPM) can help the US government save ~$700 billion in healthcare costs over the next 15–25 years, according to the Federal Communications Commission’s National Broadband Plan (2010).
People aged 65 and above are expected to account for 19% of the population by 2030 (2000:12.4%).
Growing incidence of chronic diseases
Nearly 100 million US citizens su�er from chronic diseases; the healthcare expenditure on this section accounts for ~75% of the country’s total healthcare expenditure.
Fewer physicians
It is estimated that there would be a shortage of 63,000 doctors by 2015 and 130,600 physicians by 2025.
Increasing health issues and high cost of treatment
By 2030, the prevalence of diabetes is projected to rise 29.6%, while the cost of heart disease treatment is expected to triple.
RPM Growth Drivers & Opportunities in the US
RPM Market Size in the US Steadily Rising
Primary Markets for RPM Devices in the US
Major Remote Patient Monitoring Device Segments
US RPM market size, 2007–16 (USD billion)
2007
Hospitals
Cardiac monitors
Current Segment Forecasted Segment
Nursing Homes OthersHome Healthcare
2012 2016F
3.9
10.6
20.9
Historical CAGR: 22.1%
Forecasted CAGR : 18.5%
Increasing and aging population
Key RPM Vendors in the US
Multi-parameter monitoring
devices
Neuromonitoring devices
Respiratory monitors
Source: Kalorama Information, Market Watch and 4-traders website
First Responders, Institutional, Physician
O�ces, & Military
1
2
1
2
![How HR Became a Profit Center for Aranca [Infographic]](https://img.dokumen.tips/doc/110x75/587033cf1a28ab81258b73f3/how-hr-became-a-profit-center-for-aranca-infographic.jpg)