Remote patient monitoring is based on the collection of patient vital signs extracted using invasive and non-invasive techniques, then sending them in real-time to physicians. These data may help physicians in taking the right decision at the right time. Remote Monitoring (RMON) is a standard specification that facilitates monitoring network operational activities using remote devices known as monitors or probes. RMON assists network administrators (NA) with efficient network infrastructure control and management.
Remote patient monitoring during COVID-19
During COVID-19 after the strict lockdown implemented by the government all around the world, and due to the restrictions, has affected the people’s health who were supposed to visit their doctors and clinics routinely. Initially, there were many challenges faced by elderly patients, and those suffering from certain sets of chronic diseases. But within a couple of months, when the situation came back to normal, the market gained its track. Factors include a significant increase in the number of chronic diseases, a rising aging population, technological advancements, and the emergence of new modalities.
Chronic diseases like cancer, diabetes, and HIV are increasing continuously, and their monitoring is require going to hospitals frequently, which increases the burdens on hospitals and patients. In addition, The Global Cancer Observatory updated in March 2021 estimated that, in 2020, 467,965 new cancer cases were reported in France, with 185,621 cancer deaths. The top five most frequent cancers excluding non-melanoma skin cancer are Prostate, Lung, Colorectum, Bladder, and Kidney cancer among males. Whereas, Breast, Colorectum, Lung, Corpus uteri, and Thyroid cancers were frequent among females in the same year. Thus, the rising burden of chronic diseases is rising in this market.
Old age people are prone to chronic diseases and easily develops chronic disease. Additionally, according to HelpAge International and United Nations Population Fund estimated statistics, Saudi Arabia is going through a demographic transition, and the number of persons aged 60 or more is expected to increase five-fold between 2020 – 2050 from 2 million (5.9% of the total population) to 10.5 million (23.7%). Moreover, the data published in October 2021 by World Health Organization (WHO) reported that the pace of population aging is much faster than in the past and by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time, the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. As mentioned above due to the above-mentioned statistics, the increasing aging and the chronic diseases associated due to aging are increasing the surge for remote patient monitoring.
Remote patient monitoring also referred to as remote physiologic monitoring, is the use of digital technologies to monitor and capture medical and other health data from patients and electronically transmit this information to healthcare providers for assessment and, when necessary, recommendations and instructions. Growing preference for wearable patient monitoring devices Continuous glucose monitoring, temperature monitoring, blood pressure monitoring, and pulse oximetry are a few applications of wearable patient monitoring devices, biosensors, and smart implants. New-generation wearable devices are equipped with the Internet of Things technology. Vital signs such as blood pressure, weight, blood sugar, and electrocardiography (ECG) are measured using wearable biosensors and transmitted over mobile wireless networks to a central server. n June 2020, Abbott received FDA clearance for the FreeStyle Libre 2 Integrated Continuous Glucose Monitoring (iCGM) system for patients suffering from diabetes. This device measures glucose levels every minute and has an optional real-time alarm. It has a self-applied iCGM sensor that eliminates the need for blood removal through finger pricks. Its Bluetooth technology automatically alerts users when their blood glucose levels drop or increase. Thus, technological advancements and a growing preference for wearable patient monitoring devices are driving this market. However, the risk associated with invasive monitoring devices may slow down the growth of this market.
Thus, remote patient monitoring bridges the barrier of access by providing care to patients where they are, and when they need it. It can be used to reach patients in rural areas and connect patients to specialists who they otherwise would not have access. It also serves as a great way to reduce appointment breaches.