Remote patient monitoring (RPM) uses technologies like the Internet of Medical Things, artificial intelligence, and big data analytics to shift care from hospitals to homes. Investment in startups focusing on remote monitoring is growing, and RPM is projected to become a mainstream service reaching $1.15 billion by 2023. Analysts say artificial intelligence will become more prominent in healthcare through applications like virtual assistants and predictive analytics, helping RPM provide more continuous and actionable patient insights.

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RPM to transform Healthcare Services
venkat k
May 5 · 2 min read
New-age theories such as the Internet of Medical Things (IoMT), Artificial Intelligence
(AI), and Big Data analytics are starting up new cases for remote patient monitoring
(RPM). In recent years, investment entrepreneurs have more invested in start-ups with
competencies in these sectors, especially on lower-cost monitors and sensors. With this
expansion, RPM will soon shift the center of care from the hospital to the place and
become a mainstream medical service, rising to $1.15 billion in 2023.
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Industry Analysts says “AI technology is poised to become more visible across the
healthcare process and clinical workflows. There will be significant opportunities in the
virtual assistant space and other data-driven AI applications.” Analysts also say
“Businesspeople are also choosing the bring-your-own-device model (BYOD), giving
users the versatility of using their own hardware. Data-driven technologies such as
predictive analytics and data visualization are also getting force.”
Also Read: The Future of Healthcare Sector Will be Around Artificial Intelligence
Recent analysis, Remote Patient Monitoring Market in Europe, analyses in-home or
mobile patient conditions RPM. It considers the country/regional biases that will
influence the uptake of RPM solutions as well as the market sections most likely to adopt
this technology. It also knows the growth possibilities and future prospects for vendors
to view while devising their strategies for the European markets.
Some Analyst says “Europe is an enthusiastic adopter of RPM solutions, with the highest
growth expected from the United Kingdom, Germany, the Netherlands, and Sweden.”
They also mentioned that “Furthermore, the next spate of supervisory support across
Europe for consumer-grade wearables to control important signs, will prove a huge
growth driver over the next five years.”
Also Read: 5 Powerful Artificial Intelligence In Healthcare Use Cases
For greater growth possibilities, market businesspeople need to:
Partner with health systems in different European countries to use RPM solutions for
data collection and, eventually, specific risk delamination.
Integrate monitoring data from different medical-grade data collection tools into a
single platform.
Collaborate with telemedicine providers to offer a holistic service.
Offer a continuous RPM system coupled with predictive AI that provides actionable
insights when required and reduces manual intervention.
Remote Patient Monitoring Market in Europe, Forecast to 2023 is part of the global
Digital Health Growth Service program.

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