Valley Cottage, NY -- (SBWire) -- 02/23/2018 --Connected RHM market is growing rapidly due increasing need of healthcare services for round the clock. Connected RHM solutions make use of healthcare monitoring devices to perform healthcare test on patient without any human intervention from anywhere at any time.
The health monitoring data can be sent by using an internet connection via a smartphone, tablet, smart devices etc. Connected RHM can collect a wide range of health related data such as vital signs, weight, blood pressure, blood sugar levels, blood oxygen levels, pulse rate, cardiovascular disease indicators, or any other disease indicators. Connected RHM can be most effective for patients requiring constant monitoring for their safety, such as elderly people or patients with mental disability. However, the biggest impact can be made when connected RHM is used for patients suffering from chronic illness who constitutes maximum percent of all hospital bed stay.
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Connected Healthcare Monitoring Market: Market Dynamics
Increasing old age population and increasing expenditure of developed and developing countries are the factors which will drive the market for connected RHM. According to WHO report, the proportion of the world's population over 60 years will nearly double from 12% to 22% during 2015 and 2050 and thus the demand for healthcare facilities to serve that aging population will increase, which in turn will increase demand for connected RHM technologies and solutions. Moreover, according to WHO statistical data on countries individual expenditure on healthcare facilities, all the developed and developing countries has increased their expenditure on healthcare and this trend is expected to continue because of rise in average age of the population. Countries such as China and India which together constitutes more than 30% of the global population and with the highest growth rates are expected to drive the market for connected RHM technology and solutions.
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Connected RHM Market Segmentation
Segmentation of connected RHM on the basis of application:
Disease Monitoring: Disease monitoring includes monitoring of diseases such as cardiovascular diseases, chronic kidney ailments, cancer etc.
Vital Signs Monitoring: Vital sign monitoring includes monitoring of blood pressure, diabetes, body temperature, hypertension, pulse rate etc.
Wellness Management: This category includes monitoring of indicators such as weight monitoring, sleep disorder, fitness monitoring etc.
Connected RHM (Remote Healthcare Monitoring) Market to Register a Stout Growth by 2026