A new report from medical market research firm Kalorama Information pegs the U.S. market value for remote patient monitoring at $7.1 billion, with annual growth averaging about 25 percent and a $22.2 billion market by 2015.
One big growth area is adoption of remote monitoring systems for intensive care units as shortages of intensivists, cardiologists and critical care nurses continue. Patient mortality at Virginia-based Sentara Healthcare dropped 25 percent while length of stay in the ICU fell by 17 percent and per patient costs on reduced expenses and increased ICU capacity went down about $2,150, according to the firm.
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