Medical Device Network February 1, 2023
According to GlobalData’s Marketed Products database, 37 firms launched remote patient monitoring products during the pandemic.
The market for remote patient monitoring (RPM) devices is influenced by several variables, including the desire for payers and providers to reduce expenses and boost operational efficiency, the growing usability of home-based RPM devices, the growing demand for better healthcare in rural regions, the growing elderly population, and the rapid rise of chronic diseases outside of the US and Europe.
The COVID-19 pandemic drove international healthcare systems to redesign current products and services or develop new virtual care delivery models. Due to changes in regulatory, licensure, and reimbursement restrictions, RPM adoption was accelerated in the US. According to GlobalData’s Marketed Products database, 37 firms...
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