Proving the Business Case for the Internet of Things

Nearly 100 million wearable monitoring devices to ship in next five years: ABI

Iain Morris
September 10, 2014
 
Nearly 100 million wearable remote patient monitoring devices will be shipped over the next five years, according to ABI Research, as awareness grows about the benefits of supporting healthcare in patients’ homes.

Interest is also growing in the opportunity to collect data from a number of vendor devices and share this securely with a range of related parties, including patients, healthcare providers and payers, says ABI Research.

In the last six months alone, consumer brand giants Apple (Cupertino, CA, USA), Google (Mountain View, CA, USA) and Samsung (Seoul, South Korea) have all set out plans to provide remote patient monitoring services.

Although remote patient monitoring promises cost savings and care flexibility, take-up of the technology has been hindered by factors including device availability, device and service regulation and high barriers to entry for new players in the market.

“Data has traditionally resided in silos belonging to specific applications delivered primarily by device vendors themselves,” said Jonathan Collins, a principal analyst with ABI. “New cloud platforms capable of collecting data from a range of vendor devices and sharing it securely with a range of related parties including patients, healthcare providers, and payers will drive adoption and bring more connected devices to market.”

Consumers are also playing a role in the adoption of remote monitoring technology, says ABI.

Already aware of activity tracking on wearable devices, many patients are looking for the same functionality from medical devices.

In glucose monitoring, devices from Dexcom (San Diego, CA, USA), Animas (West Chester, PA, USA) and Medtronics (Minneapolis, MN) now use wearable wireless technology to provide users with connected ways of managing their condition and allow them to track and share details of their experiences with healthcare providers.

Wireless connectivity is increasingly being embedded in pulse oximeters, blood pressure cuffs, ECG monitors and other emerging devices foused on specific health conditions.
 
 
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