News | March 25, 2007

Report Finds Patients Prefer Monitoring Their Own Health from Home

Millennium Research Group (MRG) has conducted a detailed analysis of the home health monitoring device market in its U.S. Markets for Home Health Monitoring Devices 2007 report. The report finds that rather than going to hospitals for routine checkups, many patients are opting to monitor their health from the comfort of their home. This market, currently valued at over $2.6 billion, is expected to rise to $3.4 billion by 2011.

Home Blood Glucose Monitoring (HBGM), Home Blood Pressure Monitoring (HBPM), Home Cholesterol Monitoring (HCM), and Remote Patient Monitoring (RPM) devices all enable patients to monitor key vital signs by themselves at home. This trend will relieve pressure on the US healthcare system, reducing visits to physician offices and hospitals, lowering healthcare costs, freeing up hospital beds and allowing registered nurses to provide care to more patients.

Those with diabetes and hypertension have been using HBGM and HBPM devices for decades; however the HCM and RPM device markets are still in the early stages of development. The millions of Americans on statin therapy for high cholesterol represent a potentially huge market for HCM devices. RPM is a branch of telemedicine that allows the home monitoring of one or more of a patient's health-related indicators. It helps patients avoid major episodes that require hospitalization. These devices allow physicians to remotely detect changes in a patient's condition that indicate a problem such as a change in weight or blood pressure, before the situation worsens.

"Patients are more likely to comply with their treatment plans when they are regularly monitored," says David Plow, senior analyst at MRG. "Besides cost savings from reduced visits for diagnostic purposes, RPM savings also include fewer critical episodes and hospitalizations due to improved compliance."

Related Content

WVU Medicine Deploys Enterprise PACS from ScImage
News | Cardiac PACS | July 24, 2017
ScImage Inc. recently announced West Virginia University Health System has partnered with ScImage to utilize ScImage’s...
McKesson, Change Healthcare, new information technology company
News | Information Technology | March 06, 2017
McKesson Corp. and Change Healthcare Holdings Inc., provider of software and analytics, network solutions and...
Sponsored Content | Videos | Enterprise Imaging | March 03, 2017
Enterprise imaging system expert Louis Lannum was in charge of Cleveland Clinic's efforts to connect images and other
Siemens Healthineers, Digital Ecosystem digital platform, HIMSS17, RSNA 2017, enterprise imaging
Technology | Enterprise Imaging | February 24, 2017
February 24, 2017 — At the 55th Annual Meeting for the Health Information and Management Systems Society (HIMSS), Sie
TeraRecon, deep learning workflow, HIMSS17, WIA Cloud, machine learning, artificial intelligence
News | Artificial Intelligence | February 22, 2017
TeraRecon is demonstrating their Within Image Analysis (WIA) Cloud machine learning solution this week at the...
Philips, IntelliSpace Enterprise Edition, enterprise imaging, HIMSS17, RSNA 2017
Technology | Enterprise Imaging | February 21, 2017
Philips recently announced the introduction of IntelliSpace Enterprise Edition at the 2017 Healthcare Information and...
Logicalis Healthcare Solutions, top five cybersecurity issues, CIOs, chief information officers, HIMSS17
News | Electronic Medical Records (EMR) | February 10, 2017
With the Healthcare Information and Management Systems Society’s annual meeting (HIMSS17) scheduled for Feb. 19-23 in...
Sectra PACS, Cardiology Module, ProMedica, RSNA 2016
Technology | Cardiac PACS | December 05, 2016
Sectra announced that nonprofit healthcare system ProMedica is adding the Sectra Cardiology Module into its existing...
ScImage, DIN-PACS contract, Department of Defense medical centers, DoD, RSNA 2016
News | PACS | November 21, 2016
ScImage Inc. announced it has secured orders for cardiovascular imaging systems (CVIS) at six Department of Defense (...
AMA, American Medical Association study, EMRs, electronic medical records, physician burnout
News | Electronic Medical Records (EMR) | September 07, 2016
Technological and administrative obstacles are significantly cutting into available time for physicians to engage with...
Overlay Init