U.S. Remote Patient Monitoring (RPM) Market is set to be driven by the Chronic Disease Management

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U.S. Remote Patient Monitoring (RPM) Market
Focuses On Top Manufacturers Vivify Health,
Health Recovery Solutions, Teladoc-Livongo
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The U.S. Remote Patient Monitoring (RPM) market
has a massive, untapped growth opportunity of
over 10 billion, according to Medi-Tech
Insights' most recent analysis. The U.S. Remote
Patient Monitoring (RPM) market is expected to be
a 15 billion opportunity by 2025. The U.S Remote
Patient Monitoring (RPM) market set to witness
25 CAGR (2020-2025), driven by Chronic Disease
Management, Post-acute Care, Home Health Care
Introduction of new CPT codes in RPM by CMS.
In-depth analysis of key growth levers, pricing
intelligence, the competitive landscape, segment
analysis, product/offering mapping, and untapped
growth pockets are all included in the
study. The healthcare field is one that is
expanding quickly and marked by ongoing
technological and service advancements Remote
patient monitoring is a significant advancement
in this area that offers many benefits in an
ageing world population with rising health
complications. The technology has developed to
the extent that patients can be monitored not
only inside hospitals rooms but also at home with
the use of modern communication and sensor
technologies. Technological advancements in
remote patient monitoring devices allows
monitoring of multiple vital sign parameters such
as blood pressure, heart rate, respiration rate,
electrocardiogram reading, temperature, blood
glucose levels, among others. The technology is
being used to keep an eye on a wide range of
individuals, including elderly people, accident
victims, premature children, and patients with
long-term illnesses.
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• Influencing Factors U.S. Remote Patient
  Monitoring (RPM) Market
• Drivers
• Introduction of new CPT reimbursement codes by
  the CMS in 2019 (CPT 99453, CPT 99454 and CPT
  99457) and 2020 (CPT 99458) to broaden the
  adoption of RPM services
• Rising burden of chronic diseases and pressure to
  reduce healthcare costs
• Growing recognition of RPM as a tool to
  proactively monitor and improve patient
  engagement, and reduce ED visits, readmissions,
  and lengths of stay in hospitalall of which help
  improve patient outcomes and contain costs
• Presence of 200 small and mid-size companies in
  RPM space leading to competitive environment for
  growth and innovation
• Favourable investment landscape for RPM
  Telehealth
• Barriers/Challenges Remote Patient Monitoring
  (RPM) Market
• Continuous Data Monitoring - Cumbersome to
  monitor all the data 247 by the
  physicians/clinical staff frequent false alerts
• Patient Readiness Data Privacy Concerns - Most
  chronically ill individuals are older, generally
  less tech-savvy and often warier that technology
  will intrude on their personal life
• Data Integration Integrating third-party RPM
  data with the EHR

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Covid-19 Lends a Positive Spin to the U.S. Remote
Patient Monitoring (RPM) Market Covid-19 had
positive impact on the U.S. remote patient
monitoring (RPM) market as value of RPM services
became even more apparent. The next phase of
growth is expected to be driven by increased
adoption and usage of remote patient monitoring
services in the ongoing pandemic, need to reduce
patient costs and improve outcomes for patients
with chronic conditions. Patient demand and
financial incentives for providers and health
systems are driving demand for post-acute care in
areas like cardiology, orthopedics amongst
others. Explore Premium Report on U.S. Remote
Patient Monitoring (RPM) Market
_at_ https//www.prweb.com/releases/u_s_remote_patien
t_monitoring_rpm_to_be_a_15_billion_opportunity_by
_2025_driven_by_chronic_disease_management_post_ac
ute_care_introduction_of_new_cpt_codes/prweb180151
14.htm Providers are Biggest Users but Other
High Growth Segments Emerging While providers
will continue to produce the largest segment,
other segments including health plans/payors,
employers, home health agencies, and clinical
trials are predicted to expand at a CAGR of
35-45 over the next 5 years. U.S. Remote
Patient Monitoring (RPM) Market A Highly
Fragmented Market The RPM market is highly
fragmented with over 200 companies vying to grab
a share of this nascent market and it is critical
for RPM companies to deploy well-researched
pricing and go-to-market strategies. Companies
from the PERS and Telehealth markets are also
interested in entering the market, as seen by
Teladoc's recent acquisition of Livongo.
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• Key Growth Levers for Remote Patient Monitoring
  (RPM) Companies Include
• Offering solutions that are comprehensive,
  integrated and tailored to chronic disease areas
  like diabetes, COPD, hypertension
• Incorporation of AI/ML into RPM solutions to
  increase patient engagement compliance
• Going beyond capturing data and helping
  physicians to manage patient populations to
  improve outcomes and reduce costs
• Partnerships with third-parties including
  technology companies, device manufacturers,
  patient care companies to provide holistic care
  pathway
• Strategic MA to acquire wider coverage of
  geographies, disease areas and to gain scale and
  financial muscle
• Business Models of U.S. Remote Patient Monitoring
  (RPM) Market
• Currently, multiple business models are being
  deployed but Subscription Based Model is the most
  widely used business model in the remote patient
  monitoring (RPM) market. According to this model,
  remote patient monitoring companies provide
  providers access to RPM platforms and devices,
  which are then shared with patients for remote
  monitoring of their physiological parameters and
  vital signs.
• Competitive Landscape Analysis of U.S. Remote
  Patient Monitoring (RPM) Market
• In terms of competitive landscape, the U.S.
  remote patient monitoring (RPM) market is marked
  by presence of both established players and
  several small players.

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Some of the prominent players operating in the
market U.S. remote patient monitoring (RPM)
market include Vivify Health, Health Recovery
Solutions, Teladoc-Livongo, Amwell, AMC Health,
Careclix, Ontrak, Accuhealth, iHealth Labs and
many others. Innovative companies are
differentiating from their competitors by
fine-tuning their business models, refining their
product service offerings and tailoring pricing
strategies based on type of customer segment,
geographic coverage, population health metrics
continuum of care offered. Today, there is a
unique window of opportunity to tap into this
high-growth RPM market by developing the right
strategies and leveraging industry acumens. For
More Comprehensive Insights, Contact Us
_at_ https//meditechinsights.com/contact-us/ About
Medi-Tech Insights Medi-Tech Insights is a
healthcare-focused business research insights
firm. Our clients include Fortune 500 companies,
blue-chip investors hyper-growth start-ups. We
have successfully completed 100 projects in
Digital Health, Healthcare IT, Medical
Technology, Medical Devices Pharma
Services. Contact Ruta Halde Associate,
Medi-Tech Insights 32 498 86 80
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