Remote Monitoring Could Create Affordable Private Health Plans

The health insurance market is changing fast after Covid19, with more remote consulations online, on-demand medication delivery and a high demand in care-at-home packages, which require trained and qualified staff. One solution to triageing patient needs is remote monitoring systems and smart/wearable tech.

This new report looks at the key challenges ahead;

Healthcare systems around the world are being put under increasing strain every year. Key challenges they face include overburdened medical staff and a steady rise in patients with chronic health conditions that require high levels of care. Digital health has long been proposed as a solution to both problems, but the adoption of digital health has been spotty in areas. Though the COVID-19 pandemic has allowed digital health companies to demonstrate the capabilities of their solutions, the question remains as to how the world will shift more permanently towards this new form of healthcare delivery.

IDTechEx have recently launched the report “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covering the status of the digital health market with a focus on healthcare delivery. Topics covered in the report include telehealth, remote patient monitoring (RPM), consumer health wearables, digital health apps, and image recognition artificial intelligence for medical diagnosis. The report provides an overview of the technologies and trends that are shaping the future of medical diagnosis and delivery. The following topics are discussed in the report:

• Trends in the adoption of telehealth and telemedicine
• Key chronic conditions being addressed by remote patient monitoring devices
• Shift of consumer wearables towards health and wellness applications
• Overview of digital therapeutics and coverage of digital health apps in diabetes management
• The potential for AI image recognition in medical diagnosis

Telehealth and remote patient monitoring (RPM) can be key to helping healthcare systems optimize the deployment of their medical staff. Benefits range from enabling better coverage of skills across several locations to higher levels of care within a single location but with fewer staff. While telehealth can be as simple as a phone or video conversation between a patient and their doctor, developments in medical sensors are advancing the range of health conditions that can be monitored from home via RPM.

Companies developing patient monitoring hardware and programs are at varying stages of commercialization, ranging from clinical trials and projects to start-ups that major medical device players have acquired. This IDTechEx report on digital health provides an introduction to RPM and includes a 10-year market forecast of 19 types of connected medical devices that can be readily applied to digital health programs.