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83.4 million patients worldwide will be remotely monitored in 2023
The adoption of mHealth solutions in healthcare is driven by a wide range of incentives, related to everything from demographics and technology development to new advancements in medical treatment.
The number of remotely monitored patients grew by 41 percent to 16.5 million in 2017 as the market acceptance continues to grow. This number includes all patients enrolled in mHealth care programs in which connected medical devices are used as a part of the care regimen. Berg Insight estimates that the number of remotely monitored patients will grow at a compound annual growth rate (CAGR) of 31.0 percent to reach 83.4 million by 2023. Cellular connectivity remains the de-facto standard communication technology for most types of connected home medical monitoring devices and will account for 40.1 million connections in 2023. However, the use of patients’ own mobile devices as health hubs has become a viable alternative for remote patient monitoring and BYOD connectivity is already the preferred option in some segments. By 2023 a total of 40.3 million patients will rely on BYOD connectivity.

Berg Insight estimates that revenues for remote patient monitoring (RPM) solutions reached €_13.9 billion in 2017, including revenues from medical monitoring devices, mHealth connectivity solutions, care delivery platforms and mHealth care programs. RPM revenues are expected to grow at a CAGR of 22.2 percent between 2017 and 2023 to reach € 46.1 billion at the end of the forecast period. Connected medical devices accounted for 68 percent of total RPM revenues in 2017. However, revenues for mHealth connectivity solutions, care delivery platforms and mHealth care programs are growing at a faster rate and will account for 59 percent of total revenues in 2023, up from just 32 percent in 2017.

There is a strong trend towards incorporating more connectivity in medical devices in order to enable new services and value propositions. Sleep therapy is by far the most connected segment and it is dominated by Philips and ResMed. The number of monitored patients has more than doubled since 2015, largely due to the compliance monitoring requirements that have been introduced in the US and France. Before, implantable cardiac rhythm management (CRM) has traditionally been the largest market segment, led by companies such as Medtronic, Biotronik and Abbott that included connectivity in CRM solutions more than a decade ago. Berg Insight predicts that three of the fastest growing market segments in the next six years will be glucose monitoring, airflow monitoring and connected medication solutions. Today, the leading connected healthcare players in these segments include forward-thinking incumbents as well as innovative new entrants such as Abbott, Adherium, Compliance Meds Technologies, Dexcom, Glooko, Medtronic, Merck Group, Novartis, Propeller Health, Roche, Senseonics, Voluntis and WellDoc.

Care delivery platforms and mHealth connectivity solutions are two of the most rapidly developing parts of the mHealth value chain. Care delivery platforms are software solutions that enable the remote delivery of healthcare services. There are various types of care delivery platforms available on the market. General-purpose platforms can be adapted to a wide variety of use cases and are often used as the basis for developing therapy-specific mHealth products. Companies that specialise in this area include BePatient, ERT, Medixine, S3 Connected Health, Tactio Health and Vivify Health. mHealth connectivity solutions include products and services that are used for collecting data from medical devices, transmitting this data to caregivers and enabling the data to be used by care delivery platforms. Important players include Qualcomm Life, eDevice, Apple, Microsoft, MedM and Validic.

Healthcare systems around the world are currently undergoing a major transformation. The adoption of value-based care is spreading, and healthcare providers are looking for new solutions to provide cost-efficient and improved care. In response to this, numerous companies are developing data-driven solutions to optimise healthcare. One example is the use of self-engagement apps that rely on behavioural analytics to coach patients in how to manage their conditions. Berg Insight believes that this transformation will spur the adoption of mHealth solutions and expects healthy growth in the mHealth industry in the next five years.

Sebastian Hellström, IoT Analyst, Berg Insight

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