Remote Patient Monitoring Market in Europe, Forecast to 2023
Published on: 14-May-2019 | SKU: HC03163-EU-MR_23030

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The focus of this report is on clinical-grade remote patient monitoring (RPM). RPM is a digital solution that involves secure transmission of medical data collected on devices, via information and communication technologies, through text, sound, images or other forms needed for the prevention, diagnosis, treatment and follow-up of patients. Health systems in Europe are facing several challenges, including the growing incidence of chronic diseases and an aging population. Healthcare costs are rising as a result. In addition, healthcare personnel are being over-utilized. The chronic disease burden is creating unprecedented stress on primary care because patients are coming in to clinics more often than in the past. There are also issues with patients’ adherence to treatment protocols and medications. Aging populations are adding to the chronic disease burden and also increasing the strain on emergency care centers and assisted living centers. In addition to these two consumer segments, there is a third end-use segment for RPM, called transitional care patients, which encompasses high-risk patients who are shifting from high-dependency settings such as the intensive care unit (ICU) to wards and to homes. These patients need to be monitored continuously, but a low nurse to patient ratio makes it difficult to continuously monitor them. In order to tackle the burden of these three consumer segments, health systems are looking at radically transforming their healthcare service delivery and approaches by using digital tools such as RPM and other forms of telehealth. RPM is an enabler that supports the shifting of the center of care from the hospital to the home. This reduces the pressure on primary and secondary care units. While the benefits of RPM are clear, certain deterrents slow the uptake of these solutions. These are the lack of clear reimbursement policies and a lack of trust about the accuracy and the privacy of data generated remotely. New-age concepts of Internet of things (IoT), artificial intelligence (AI), and Big Data analytics are ushering RPM to new use cases. Companies are focusing on diverse customer segments with basic to robust product offerings that contribute to the RPM value chain. It appears to be the right time for remote patient monitoring companies to explore the potential of this market with diverse digital applications. A mix of business models are being deployed by different vendor types – medical device companies, ICT companies, and pure-play RPM companies. Europe offers a diverse platter of countries based on regulatory and social factors. It is important to understand regional nuances and evaluate the readiness to deploy RPM across the region. Further, in the long run, with health systems moving towards value-based care and embracing emerging concepts such as population health management, care coordination, and patient engagement, RPM is going to play a very important role in a data-driven environment that supports value-based reimbursement.

RPM is and will increasingly become a mainstream healthcare delivery mechanism. It will be essential as health systems in Europe move towards value-based care approaches.

Author: Chandni Mathur

Key Findings

Key Findings (continued)

Scope and Segmentation

Key Questions this Study will Answer

Market Engineering Measurements

CEO’s Perspective

Key Companies to Watch

The Last Word—3 Big Predictions

Five Growth Opportunities Critical for Future Strategy

Likely Market Directions—The Analyst Perspective

Key Definitions

Key Definitions and Market Segmentation

Use Cases for RPM

Evolving Role of RPM—Today and Tomorrow

Evolving Role of RPM—Today and Tomorrow (continued)

Penetration of RPM Across Key Segments

Key Objectives of Providers Deploying RPM Solutions

Typical RPM Setup—Key Components and Information Flow

Information Flow in a Typical RPM Setup

RPM will Interface with a Variety of IT Solutions

RPM is a Key Component of Upcoming Healthcare Concepts

Care Coordination—The Practical Component of RPM

RPM Has Applications Across Healthcare Stakeholders—The Why’s and the How’s

RPM Has Applications Across Healthcare Stakeholders—Examples and Case Studies from Europe

Telehealth Matrix—Telehealth Markets and Remote Monitoring

Salient Features of GDPR

How Does GDPR Impact Remote Patient Monitoring?

Forces Driving Increased Adoption of RPM

Market Drivers

Market Drivers Explained

Market Drivers Explained (continued)

Market Restraints

Market Restraints Explained

Market Restraints Explained (continued)

Market Impact of Top 10 Trends

American Well’s Partnership with Medtronic

Market Engineering Measurements

Forecast Assumptions and Definitions

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue Forecast by Country

Revenue Forecast by Country

Market Share by Country—2018 and 2023

Revenue Forecast Discussion by Country

Discussion

Target Solutions at a Glance—Europe

Competitive Structure

Competitive Structure (continued)

Competitive Structure (continued)

Companies to Watch

UK—Market Analysis

UK—Revenue Forecast

UK—Revenue Forecast Discussion

Germany—Market Analysis

Germany—Revenue Forecast

Germany—Revenue Forecast Discussion

France—Market Analysis

France—Revenue Forecast

France—Revenue Forecast Discussion

Spain—Market Analysis

Spain—Revenue Forecast

Spain—Revenue Forecast Discussion

Italy—Market Analysis

Italy—Revenue Forecast

Italy—Revenue Forecast Discussion

Benelux—Market Analysis

Benelux—Revenue Forecast

Benelux—Revenue Forecast Discussion

Scandinavia—Market Analysis

Scandinavia—Revenue Forecast

Scandinavia—Revenue Forecast Discussion

Five Growth Opportunities Critical for Future Strategy

Growth Opportunity 1—Population Health Management

Growth Opportunity 2—Digital Therapeutics

Growth Opportunity 3—Telemedicine

Growth Opportunity 4—Estonia: “Extreme Digital Living”

Growth Opportunity 5—Artificial Intelligence

Strategic Imperatives for Success and Growth

Future Perspectives

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)


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The focus of this report is on clinical-grade remote patient monitoring (RPM). RPM is a digital solution that involves secure transmission of medical data collected on devices, via information and communication technologies, through text, sound, images or other forms needed for the prevention, diagnosis, treatment and follow-up of patients. Health systems in Europe are facing several challenges, including the growing incidence of chronic diseases and an aging population. Healthcare costs are rising as a result. In addition, healthcare personnel are being over-utilized. The chronic disease burden is creating unprecedented stress on primary care because patients are coming in to clinics more often than in the past. There are also issues with patients’ adherence to treatment protocols and medications. Aging populations are adding to the chronic disease burden and also increasing the strain on emergency care centers and assisted living centers. In addition to these two consumer segments, there is a third end-use segment for RPM, called transitional care patients, which encompasses high-risk patients who are shifting from high-dependency settings such as the intensive care unit (ICU) to wards and to homes. These patients need to be monitored continuously, but a low nurse to patient ratio makes it difficult to continuously monitor them. In order to tackle the burden of these three consumer segments, health systems are looking at radically transforming their healthcare service delivery and approaches by using digital tools such as RPM and other forms of telehealth. RPM is an enabler that supports the shifting of the center of care from the hospital to the home. This reduces the pressure on primary and secondary care units. While the benefits of RPM are clear, certain deterrents slow the uptake of these solutions. These are the lack of clear reimbursement policies and a lack of trust about the accuracy and the privacy of data generated remotely. New-age concepts of Internet of things (IoT), artificial intelligence (AI), and Big Data analytics are ushering RPM to new use cases. Companies are focusing on diverse customer segments with basic to robust product offerings that contribute to the RPM value chain. It appears to be the right time for remote patient monitoring companies to explore the potential of this market with diverse digital applications. A mix of business models are being deployed by different vendor types – medical device companies, ICT companies, and pure-play RPM companies. Europe offers a diverse platter of countries based on regulatory and social factors. It is important to understand regional nuances and evaluate the readiness to deploy RPM across the region. Further, in the long run, with health systems moving towards value-based care and embracing emerging concepts such as population health management, care coordination, and patient engagement, RPM is going to play a very important role in a data-driven environment that supports value-based reimbursement. RPM is and will increasingly become a mainstream healthcare delivery mechanism. It will be essential as health systems in Europe move towards value-based care approaches. Author: Chandni Mathur
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Chandni Mathur
Industries Healthcare
WIP Number ME61-01-00-00-00
Is Prebook No
GPS Codes 9564-B1,9575-B1,9600-B1,9612-B1,99BC-B1,9B07-C1

Remote Patient Monitoring Market in Europe, Forecast to 2023

HealthcareRemote Patient Monitoring Market in Europe, Forecast to 2023

RPM is Set to Grow at a Good Pace and Act as a Key Enabler for Outcomes-based Medicine

RELEASE DATE
14-May-2019
REGION
North America
Deliverable Type
Market Research
Research Code: ME61-01-00-00-00
SKU: HC03163-EU-MR_23030
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC03163-EU-MR_23030