US Remote Patient Monitoring Market

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This study covers clinical-grade remote patient monitoring as it is evolving within the US through 2020. The market is assessed from the perspective of two segments: 1) home healthcare and post-acute care and 2) Chronic Condition Management and Disease Management. The total market growth is forecasted based on a view of the most likely scenario driven by regulatory and technology-based market opportunities and barriers. The report summarizes recent market activities, such as M&A, divestments and exits that have resulted in a revised view of the market share among the leaders when compared with previous configurations. The analysis includes a view of the competitive landscape that features a mix of medical device OEMs, new analytic-centric startups and other niche players that will be both competitive and interdependent over time. The coverage provides snapshot views of the leading participants. There is also a summary of notable studies aimed at quantifying the benefits that RPM can deliver. The increasing benefits of Remote Patient Monitoring (RPM) coupled with the rising comfort utilizing smartphones and tablets among the elderly patients are well suited to the evolving foundation of a user-friendly technical solution that should help to address the core challenges to the US Healthcare system that require solutions that will reduce the cost of healthcare without sacrificing quality.

Table of Contents

1. Key Findings
Scope and Segmentation
Market Engineering Measurements
CEO’s Perspective
Key Companies to Watch
Likely Market Directions – The Analyst Perspective
Executive Summary – 3 Big Predictions
2. Perspectives in Digital Health
Industry Convergence and Digital Health Innovation
Innovation Breeds Opportunities for a Healthcare Experience Increasingly Leveraging Technology
The Decentralization of Care Delivery
Changing Role of the Hospital
Collaborative Workflow Environments—Hospital, Clinic, Home and Community
Digital Health Market Segmentation and Convergence
Patient Benefits from Remote Patient Monitoring
3. Remote Patient Monitoring
What is Remote Patient Monitoring?
Remote Patient Monitoring—Market Segmentation
Market Overview—Home Healthcare, Post-acute Care
Telehealth Technology Approaches
Remote Monitoring Vertical Snapshot
Remote Monitoring Vertical Snapshot—Landscape Details
How Does RPM Fit Into the Future of Telehealth and Healthcare?
Market Background—The Path to the Present
RPM—Clinical-grade Applications?
RPM Technology
RPM Technology Trends and Roadmap
RPM Will Interface with a Variety of IT Solutions
Future Technology Map—RPM and PERS Integration
Healthcare and the Internet of Things
Care Coordination—The Practical Component of RPM
Remote Patient Monitoring Process Flow
RPM Technology and the Attraction of Wi-Fi
4. RPM Technology and the Attraction of Wi-Fi
RPM Trials—The Seminal VA Study
More Recent VA Findings
Notable Reported RPM Studies
Notable RPM Studies
RPM Evaluations—Key Takeaways
5. Business Models In Remote Patient Monitoring
RPM—Current and Potential Buyers
Key Factors Influencing RPM ROI
Description of RPM Solution
Current Business Models
RPM Business Model Rationale
RPM Services Business Model—Case Study
Can Vendors Expand B2C with RPM Similar to PERS?
Comparison with the International Markets for Telehealth and Telecare
European Market Comparison
Telemedicine Services Business Models, APAC
6. Drivers, Restraints, and Trends—Total RPM Market
Forces Driving New Solutions, Such as RPM
Escalating Healthcare Costs—A Serious Challenge
Prevalence of Chronic Diseases Cannot be Ignored
Chronic Disease—A Significant Challenge
Population Growth, US Census—65+ Growing—2050
Meaningful Use Drives All Healthcare Tech Innovation
Remote Monitoring and State Adoption
Market Drivers Related to Healthcare Reform
Market Drivers Related to Technology
Drivers Explained
Move to Value-based, Quality-driven Reimbursement Demands Tighter Control and Integration across the Care Continuum
The Affordable Care Act Changes Financial Risk Dynamics and Drives Need for Population Health
Three key ACA requirements will drive RPM
CMS Issues New Rules for Reimbursement of Chronic Disease Management and Additional CPT Codes
Outcome-based Healthcare—A New Model that Includes More Provider Risk—is on the Horizon
Technology Adoption Spreading to All Demographic Groups
Mobile and Video Technology Advances Improve the Willingness to Implement Telehealth Solutions
Physician Shortage and Aging Population Serve as a Stimulus for Telehealth
Market Restraints
Total RPM Market: Key Market Restraints, US, 2015–2020
Lack of a National Telehealth Policy
Disparate State Regulatory Conditions
Reimbursement Challenges with Government and Private Payers
Concerns about Security, Privacy, and Accuracy
Lack of a Proven Model for Scalability
Physician and Patient Adoption Needs a Boost
7. Forecast and Trends—Total RPM Market
Total RPM Market: Market Engineering Measurements, US, 2014
Revenue Forecast—Total RPM Market
Revenue Forecast—Disease and Chronic Condition Management Segment
Revenue Forecast—Home Health Post-Acute Management Segment
Revenue Forecast by Segment Discussion
Pricing Analysis—Prices Vary by Channel
Pricing Factors Explained
Sector Comparisons
8. Demand Analysis—Total RPM Market
Total RPM Market Penetration Analysis
Telehealth Opportunities by Healthcare Setting
Impact of Remote Patient Monitoring Over the Next 5 Years
Impact of Core Telehealth Markets Over the Next 5 Years
Telehealth Market—Highest Impact on Healthcare in the Next 5 Years
Therapeutic Areas With Most Opportunities for Telehealth
Fastest Adopting Region through 2023
Region Adoption and Impact of RPM—Discussion
Telehealth Segment With Greatest Opportunity for Growth Through 2024
9. Competitive Environment
Changes in the Market Landscape
Likely Market Directions—The Analyst Perspective
Digital Health Market Value Chain Ecosystem Map
Competitive Market Structure
Vendor Segmentation—mHealth Platform in Chronic Disease Management
Welldoc Case Study Example
mHealth Business Model—WellDoc
Welldoc Case Study—Discussion
mHealth Segment Snapshot
How has the Mobile and Mobility Trend Changed Traditional RPM Vendor Portfolios?
How can RPM Experiences Best Leverage mHealth?
mHealth Platform Integration: Apple Expansion and Tests for Healthcare Value
How has Software Become More Important Than Devices?
Why is data the Most Important Thing in RPM, Moving Forward, for Vendors?
Digital Health Data Sets Provide Opportunity to Listen, Predict and Take Action to Achieve an Era of Preventive Healthcare
IBM Watson Health
Analytics Based Approaches—Impact Potential Discussion on RPM: Connecting the Dots
Market Share Analysis—2010 View
Market Share 2014 View
Market Share Analysis—2014 View
Recent Notable M&A—Investment and Withdrawals
Top Competitors Comparative Assessment
Newer Entrant Competitors Comparative Assessment
Competitive Factors—Discussion
10. RPM Providers—A Closer Look At Notable Sector Participants
Medtronic PLC- Company Dashboard, Key Products and Solutions and Value Proposition
Honeywell Life Care Solutions- Company Dashboard, Key Products and Solutions and Value Proposition
Philips Telehealth- Company Dashboard, Key Products and Solutions and Value Proposition
Care Innovations- Company Dashboard, Key Products and Solutions and Value Proposition
Vivify Health- Company Dashboard, Key Products and Solutions and Value Proposition
Qualcomm Life- Company Dashboard, Key Products and Solutions and Value Proposition
Validic- Company Dashboard, Key Products and Solutions and Value Proposition
Welch Allyn- Company Dashboard, Key Products and Solutions and Value Proposition
Tactio Health Group- Company Dashboard, Key Products and Solutions and Value Proposition
Sentrian- Company Dashboard, Key Products and Solutions and Value Proposition
Tunstall Healthcare Group Ltd.- Company Dashboard, Key Products and Solutions and Value Proposition Nonin Medical- Company Dashboard, Key Products and Solutions and Value Proposition
Independa- Company Dashboard, Key Products and Solutions and Value Proposition
Preventice- Company Dashboard, Key Products and Solutions and Value Proposition
RPM Market—List of Additional Companies
11. Remote Monitoring and Telehealth—A Telehealth Matrix Discussion
The Frost & Sullivan Telehealth MatrixTM
Professional Consumer Spectrum
ICT Healthcare Spectrum
Telehealth Matrix—Telehealth Markets and Remote Monitoring
Telehealth Matrix—The Current and Future Remote Monitoring Market
12. Future Perspectives
Three Big Predictions
Legal Disclaimer
13. Legal Disclaimer
2010 RPM Report—Other Market Participants
Definition of Selected Terms Related to RPM
Definition of Select Terms Related to Care Coordination
Commonly Used Remote Monitor Definitions
Sources
Additional Frost & Sullivan Sources of Information on Remote Monitoring
Survey Content Methodology
Pulse of Telehealth 2014 Survey—Type of Respondents
Market Engineering Methodology
Learn More – Next Steps

Infographic



List of Figures & Charts

1. Key Companies to Watch
2. Notable Reported RPM Studies
3. Notable RPM Studies
4. RPM—Current and Potential Buyers
5. Prevalence of Chronic Diseases, US, 2012–2018
6. Total RPM Market: Key Market Drivers, US, 2015–2020 (Healthcare Reform)
7. Total RPM Market: Key Market Drivers, US, 2015–2020 (Technology)
8. MACRA—The Bridge to The CMS Future
9. Technology Adoption Spreading to All Demographic Groups
10. Physician Shortage and Aging Population Serve as a Stimulus for Telehealth
11. Total RPM Market: Key Market Restraints, US, 2015–2020
12. Total RPM Market: Market Engineering Measurements, US, 2014
13. Total RPM Market: Pricing Analysis, US, 2014
14. RPM Cost Ranges
15. Total RPM Market: Competitive Market Structure, US, 2014
16. Total RPM Market: Competitive Market Structure, US, 2015
17. mHealth Segment Snapshot
18. Total Remote Patient Monitoring Market: Company Market Share Analysis of Top 4 Participants North America, 2011
19. Total Remote Patient Monitoring Market: Company Market Share Analysis of Top 4 Participants US, 2014
20. RPM: Notable Industry Deals, US, 2014 and 2015
21. Top Competitors Comparative Assessment
22. Newer Entrant Competitors Comparative Assessment
23. Medtronic PLC—Company Dashboard
24. Honeywell Life Care Solutions—Company Dashboard
25. Philips Telehealth—Company Dashboard
26. Care Innovations—Company Dashboard
27. Vivify Health—Company Dashboard
28. Qualcomm Life—Company Dashboard
29. Validic—Company Dashboard
30. Welch Allyn—Company Dashboard
31. Tactio Health Group Company Dashboard
32. Sentrian Company Dashboard
33. Tunstall Healthcare Group Ltd.—Company Dashboard
34. Nonin Medical—Company Dashboard
35. Independa—Company Dashboard
36. Preventice—Company Dashboard
37. RPM Market—List of Additional Companies
38. Future Perspectives—Three Big Predictions
39. RPM Market: Definitions for Select Terms, US, 2015


1. Total Remote Patient Monitoring Market: Market Engineering Measurements, US, 2014
2. Industry Convergence and Digital Health Innovation
3. Continuum of Care
4. Care Everywhere
5. The Evolution of Decentralized Care
6. Collaborative Workflow Environments, US, 2015
7. Digital Health Market: Segmentation, Global, 2015
8. Growth of Telehealth
9. Health IT Solutions That Intersect with RPM Systems
10. PERS Market: Technology Evolution, US, 2013–2023
11. Traditional RPM
12. Key Factors Influencing RPM ROI
13. Bosch Healthcare Example
14. Factors Associated With the ROI from RPM
15. RPM Services Business Model—Case Study
16. Telemedicine Market: Prevalent Business Models, APAC, 2014
17. Healthcare Expenditures: US, 2009–2013
18. Population Growth—Group Age 65+, US, 2012–2050
19. Components of a New Value-Driven Healthcare Ecosystem
20. Total RPM Market: Revenue Forecast, US, 2014–2020
21. Disease and Chronic Condition Management Segment: Revenue Forecast, US, 2014–2020
22. Home Healthcare Post-Acute Management Segment: Revenue Forecast, US, 2014–2020
23. Market Comparisons: Revenue Forecast, US, 2014 and 2017
24. Total Home Healthcare and Disease Management for Remote Monitoring Market: Market Penetration, US Market Estimate for 2015
25. Pulse of Telehealth: Rank of Healthcare Settings with the Most Opportunity for Telehealth Solutions, North America, 2014
26. Total RPM Market: Impact of Remote Patient Monitoring—5 Years, North America, 2014–2018
27. Pulse of Telehealth: Impact of Core Telehealth Markets on Healthcare—5 Years, North America, 2014–2018
28. Pulse of Telehealth: Healthcare Categories with Most Opportunities for Telehealth, North America, 2014
29. Telehealth Industry: Fastest Adopting Region of Telehealth, Global, 2013–2023
30. Pulse of Telehealth: Telehealth Market Segment with Greatest Growth Opportunity—10 Years, North America, 2014–2024
31. Digital Health Market Value Chain Ecosystem Map
32. Total RPM Market: Select Market Participants By Tiers of Competition, US, 2014
33. Landscape Segmentation of mHealth & Chronic Disease Management
34. Welldoc Case Study Example
35. mHealth Business Model—WellDoc
36. mHealth Platform Integration: Apple Expansion and Tests for Healthcare Value
37. Digital Health Data Sets Provide Opportunity to Listen, Predict and Take Action to Achieve an Era of Preventive Healthcare
38. Total RPM Market: Percent Revenue Breakdown, US, 2014
39. Telehealth Industry: Telehealth Matrix, US, 2015
40. Telehealth Industry: Telehealth Matrix, US, 2015
41. Telehealth Industry: Professional-to-consumer Spectrum, US, 2015
42. Telehealth Market: Telehealth Matrix Markets, US, 2014
43. Pulse of Telehealth: Types of Respondents, North America, 2014
44. Market Engineering Methodology



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