Remote Patient Monitoring Devices Market to 2017 - Chronic Disease Prevalence and Government Curbs on Hospital Spending to Drive the Market

Published: March 2012
No. of Pages: 71

Price

GBI Research’s report, “Remote Patient Monitoring Devices Market to 2017 - Chronic Disease Prevalence and Government Curbs on Hospital Spending to Drive the Market” provides key data, information and analysis on the global remote patient monitoring (RPM) market. The report provides information on the market landscape, competitive landscape and market trends for two RPM market categories: external RPM devices and implantable RPM devices. The report also provides comprehensive information on the key trends affecting these categories and analytical content on market dynamics. The report also reviews the competitive landscape, covering the major acquisitions and mergers in the last three years and providing detailed analysis of the pipeline products in each category. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.

Scope

The report analyzes the RPM market, the key forces driving the current market and the potential challenges that could restrain growth. The scope of the report includes:
Key countries covered: the US, Canada, the UK, Germany, France, Italy, Spain, Japan, China, India, Australia and Brazil.
Market size data for two RPM market categories: external RPM devices and implantable RPM devices.
Annualized market revenue data, forecast seven years to 2017, and company shares data for 2010.
Qualitative analysis of key market trends in the global RPM market.
Qualitative analysis of market drivers and restraints by category within the RPM market.
The report also provides information on the leading market companies, the competitive landscape and key technologies.

Reasons to Buy

The report will enhance your decision making capability. It will allow you to:
Develop business strategies by understanding the trends and developments that are driving the RPM market globally.
Design and develop your product development, marketing and sales strategies.
Exploit M&A opportunities by identifying market companies with the most innovative pipeline.
Develop market entry and market expansion strategies.
Identify the key companies that are best positioned to take advantage of emerging market opportunities.
Exploit in-licensing and out-licensing opportunities by identifying products that are most likely to ensure a strong return.
What’s the next big thing in the RPM market landscape? – Identify, understand and capitalize.
Make more informed business decisions from the insightful and in-depth analysis of the global RPM market and the factors that shape it.

Remote Patient Monitoring Devices Market to 2017 - Chronic Disease Prevalence and Government Curbs on Hospital Spending to Drive the Market

Table of Contents

1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Executive Summary 11
2.1 Global Remote Patient Monitoring Market is Forecast to Exceed $500m by 2017 11
2.2 Aging Population to Drive Growth of Remote Patient Monitoring Market 12
2.3 The US will Continue to be the Biggest Market for Remote Patient Monitoring 12
2.4 BIOTRONIK and Medtronic are Market Leaders in the Remote Patient Monitoring Market 13
2.5 Significant Reduction in In-Office Follow-ups and Length of Hospital Stays to Drive Demand for Remote Patient Monitoring in the Future 13

3 Introduction 15
3.1 GBI Research Guidance 15

4 Remote Patient Monitoring: Device Overview 16
4.1 Remote Patient Monitoring, Market Segmentation 17
4.1.1 External Remote Patient Monitoring Devices 17
4.1.2 Implantable Remote Patient Monitoring Devices 17

5 Remote Patient Monitoring: Global Market Characterization 19
5.1 Remote Patient Monitoring Market, Global, Revenue ($m), 2003–2010 19
5.2 Remote Patient Monitoring Market, Global, Revenue ($m), 2010–2017 20
5.3 Remote Patient Monitoring Market, Company Share (%), Global, 2010 21
5.4 Remote Patient Monitoring, Market Trends 22
5.4.1 Change in Data Transmission from Landlines to Cellular Systems will Drive the Future Growth of the Remote Patient Monitoring Market 22
5.4.2 New Product Launches with Improved Features to Drive Future Growth 23
5.4.3 Roll out of Kiosks for Remote Patient Monitoring to Address Unmet Healthcare Needs 24
5.5 Remote Patient Monitoring, Market Dynamics 25
5.5.1 Market Drivers 25
5.5.1.1 Aging Population to Drive Future Growth of the Remote Patient Monitoring Market 25
5.5.1.2 Remote Patient Monitoring Helps to Minimize In-Office Follow-Ups and the Length of Hospital Stays 27
5.5.1.3 Remote Patient Monitoring Helps to Reduce Healthcare Expenditure and the Burden on Governments and Healthcare Providers 29
5.5.1.4 Shortage of Healthcare Professionals to Drive the Remote Patient Monitoring market 30
5.5.2 Market Restraints 31
5.5.2.1 Reimbursement Policies may Impede Growth in the Remote Patient Monitoring Market 31
5.5.2.2 High Expenditure Incurred to Install Remote Patient Monitoring will have a Negative Impact on Market Growth 31

6 Remote Patient Monitoring Market: Segment Analysis and Forecasts 32
6.1 External Remote Patient Monitoring Devices Market, Global, Revenue ($m), Historic, 2003–2010 32
6.2 External Remote Patient Monitoring Devices Market, Global, Revenue ($m), Forecast, 2010–2017 33
6.3 External Remote Patient Monitoring Devices, Market Dynamics 34
6.3.1 Market Drivers 34
6.3.1.1 Growing Incidence of Diabetes to Drive the Future Growth of the External Remote Patient Monitoring Devices Market 34
6.3.1.2 External Remote Patient Monitoring Improves Blood Glucose Level Management and Leads to Better Health 36
6.3.2 Market Restraint: External Remote Patient Monitoring Not as Vital as Implantable Remote Patient Monitoring 36
6.4 Implantable Remote Patient Monitoring Devices Market, Global, Revenue ($m), Historic, 2003–2010 37
6.5 Implantable Remote Patient Monitoring Devices Market, Global, Revenue ($m), Forecast, 2010–2017 37
6.6 Implantable Remote Patient Monitoring Devices, Market Dynamics 39
6.6.1 Market Driver 39
6.6.1.1 Implantable Remote Patient Monitoring can Prevent Cardiac Failure, which is on the Rise due to Increasing Numbers of CVD Patients 39
6.6.1.2 Implantable Remote Patient Monitoring Reduces Mortality Rates in Heart Failure Patients 40
6.6.2 Market Restraint: Low Penetration and High Cost of Implantable Remote Patient Monitoring in Developing Economies is Expected to Slow Growth 40

7 Remote Patient Monitoring Market, by Country, Revenue ($m), Historic and Forecast, 2003–2017 41
7.1 Remote Patient Monitoring Market, US, Revenue ($m), 2003–2010 41
7.2 Remote Patient Monitoring Market, US, Revenue ($m), 2010–2017 42
7.3 Remote Patient Monitoring Market, Canada, Revenue ($m), 2003–2010 43
7.4 Remote Patient Monitoring Market, Canada, Revenue ($m), 2010–2017 44
7.5 Remote Patient Monitoring Market, UK, Revenue ($m), 2003–2010 45
7.6 Remote Patient Monitoring Market, UK, Revenue ($m), 2010–2017 46
7.7 Remote Patient Monitoring Market, France, Revenue ($m), 2003–2010 48
7.8 Remote Patient Monitoring Market, France, Revenue ($m), 2010–2017 49
7.9 Remote Patient Monitoring Market, Germany, Revenue ($m), 2003–2010 50
7.10 Remote Patient Monitoring Market, Germany, Revenue ($m), 2010–2017 51
7.11 Remote Patient Monitoring Market, Italy, Revenue ($m), 2003–2010 52
7.12 Remote Patient Monitoring Market, Italy, Revenue ($m), 2010–2017 53
7.13 Remote Patient Monitoring Market, Spain, Revenue ($m), 2003–2010 54
7.14 Remote Patient Monitoring Market, Spain, Revenue ($m), 2010–2017 55
7.15 Remote Patient Monitoring Market, Japan, Revenue ($m), 2003–2010 56
7.16 Remote Patient Monitoring Market, Japan, Revenue ($m), 2010–2017 57
7.17 Remote Patient Monitoring Market, Australia, Revenue ($m), 2003–2010 58
7.18 Remote Patient Monitoring Market, Australia, Revenue ($m), 2010–2017 60
7.19 Remote Patient Monitoring Market, India, Revenue ($m), 2003–2010 61
7.20 Remote Patient Monitoring Market, India, Revenue ($m), 2010–2017 62
7.21 Remote Patient Monitoring Market, Brazil, Revenue ($m), 2003–2010 63
7.22 Remote Patient Monitoring Market, Brazil, Revenue ($m), 2010–2017 64

8 Remote Patient Monitoring, Market Opportunities and Risk Evaluation 66
8.1.1.1 Market Opportunities 67
8.1.1.2 Risks 68

9 Key Market Participants and Internal Factor Analysis 69
9.1 BIOTRONIK SE & Co. KG 70
9.1.1 Key Marketed Products 70
9.2 Medtronic, Inc. 70
9.2.1 Key Marketed Products 71
9.2.1.1 Medtronic CareLink Network for Cardiac Patients 71
9.2.1.2 Medtronic CareLink Personal Therapy Management Software for Diabetic Patients 71
9.3 St. Jude Medical, Inc. 71
9.3.1 Key Marketed Products 72
9.4 Boston Scientific Corporation 72
9.4.1 Marketed Products 72
9.5 Philips Healthcare 73
9.5.1 Key Marketed Products 73
9.6 GE Healthcare 73
9.6.1 Key Marketed Products 73

10 Remote Patient Monitoring Market: Pipeline Analysis 74
10.1 External Remote Patient Monitoring Devices, List of Pipeline Products 74
10.1.1 External Remote Patient Monitoring Devices Market, Key Pipeline Products 75
10.1.1.1 Ankle Bracelet Monitor: Guide Analytics 75
10.1.1.2 Breeze@home: Deep Breeze Ltd. 75
10.1.1.3 BTT Wireless Device: Brain Tunnelgenix Technologies Corp. 76
10.1.1.4 Health-e-Connect System - Blood Pressure Monitor: ALR Technoloiges Inc. 76
10.1.1.5 Health-e-Connect System - Body Composition Monitor: ALR Technoloiges Inc. 77
10.1.1.6 Health-e-Connect System - Peak Flow Meter: ALR Technoloiges Inc. 77
10.1.1.7 Health-e-Connect System - Pulse Oximeter: ALR Technoloiges Inc. 78
10.1.1.8 Health-e-Connect System - Respiratory Health Management: ALR Technoloiges Inc. 78
10.1.1.9 Motion Tracker: University of Missouri 79
10.1.1.10 Raisin System - Organ Transplantation: Proteus Biomedical, Inc. 79
10.1.1.11 Raisin System - Psychiatric Disorders: Proteus Biomedical, Inc. 80
10.1.1.12 Raisin System - Tuberculosis: Proteus Biomedical, Inc. 80
10.1.1.13 Spiroscout: Asthmapolis 81
10.1.1.14 TELEHOME System: Barron Associates, Inc. 81
10.1.1.15 Wearable Sensor: Michigan State University 82
10.2 Implantable Remote Patient Monitoring Devices, List of Pipeline Products 83
10.2.1.1 Alere Heart Check System: Alere Inc. 83
10.2.1.2 CardiaClinic: Vital Stream Health Inc. 83
10.2.1.3 Health-e-Connect System - Electrocardiogram: ALR Technoloiges Inc. 84
10.2.1.4 Raisin System - Heart Failure: Proteus Biomedical, Inc. 84
10.2.1.5 Remote Monitoring Device: Thoratec Corporation 85
10.2.1.6 Remote Monitoring Solution: Sorin Group 85
10.2.1.7 Remote Monitoring Solution V2: Sorin Group 86

11 Remote Patient Monitoring Market: M&A Landscape 87
11.1 Key Acquisitions 87
11.1.1 Tunstall Healthcare to Acquire American Medical Alert for $82m 87
11.1.1.1 Deal Overview 87
11.1.1.2 Deal Rationale 88
11.1.2 Moonray Healthcare Acquires Telehealth Solutions 88
11.1.2.1 Deal Overview 88
11.1.2.2 Deal Rationale 88
11.1.3 Arrhythmia Research Technology Acquires RMDDx 89
11.1.3.1 Deal Overview 89
11.1.3.2 Deal Rationale 89
11.1.4 Intuit Completes Acquisition of Medfusion 89
11.1.4.1 Deal Overview 89
11.1.4.2 Deal Rationale 90
11.1.5 GE Healthcare Acquires Living Independently Group 90
11.1.5.1 Deal Overview 90
11.1.5.2 Deal Rationale 90
11.1.6 Robert Bosch Acquires Health Hero Network 91
11.1.6.1 Deal Overview 91
11.1.6.2 Deal Rationale 91

12 Appendix 92
12.1 Definitions 92
12.1.1 Remote Patient Monitoring 92
12.1.1.1 External Remote Patient Monitoring Devices 92
12.1.1.2 Implantable Remote Patient Monitoring Devices 92
12.2 Acronyms 92
12.3 Sources 93
12.4 Research Methodology 93
12.4.1 Secondary Research 93
12.4.2 Primary Research 94
12.4.3 Models 94
12.4.4 Forecasts 95
12.4.5 Expert Panels 95
12.5 Contact Us 95
12.6 Disclaimer 96

List of Tables

Table 2: Remote Patient Monitoring Market, Global, Revenue ($m), 2003–2010 19
Table 3: Remote Patient Monitoring Market, Global, Revenue ($m), 2010–2017 20
Table 4: Remote Patient Monitoring Market, Global, Company Share (%), Revenue ($m), 2010 21
Table 5: Percentage of People Aged 65 Years and Above in Total Adult Population, by Country (%), 1980–2050 26
Figure 9: The Lumos-T Safely RedUceS RouTine Office Device Follow-Up (TRUST) Clinical Trial 27
Figure 10: Clinical Evaluation of Remote Notification to Reduce Time to Clinical Decision (CONNECT) Clinical Trial 28
Table 6: External Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2003–2010 32
Table 7: External Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2010–2017 33
Table 8: Remote Patient Monitoring Market, Diabetes Prevalence (Million), Key Countries, 2010–2030 35
Table 9: Implantable Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2003–2010 37
Table 10: Implantable Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2010–2017 39
Table 11: Remote Patient Monitoring Market, US, Revenue ($m), 2003–2010 41
Table 12: Remote Patient Monitoring Market, US, Revenue ($m), 2010–2017 42
Table 13: Remote Patient Monitoring Market, Canada, Revenue ($m), 2003–2010 43
Table 14: Remote Patient Monitoring Market, Canada, Revenue ($m), 2010–2017 44
Table 15: Remote Patient Monitoring Market, UK, Revenue ($m), 2003–2010 46
Table 16: Remote Patient Monitoring Market, UK, Revenue ($m), 2010–2017 47
Table 17: Remote Patient Monitoring Market, France, Revenue ($m), 2003–2010 48
Table 18: Remote Patient Monitoring Market, France, Revenue ($m), 2010–2017 49
Table 19: Remote Patient Monitoring Market, Germany, Revenue ($m), 2003–2010 50
Table 20: Remote Patient Monitoring Market, Germany, Revenue ($m), 2010–2017 52
Table 21: Remote Patient Monitoring Market, Italy, Revenue ($m), 2003–2010 53
Table 22: Remote Patient Monitoring Market, Italy, Revenue ($m), 2010–2017 54
Table 23: Remote Patient Monitoring Market, Spain, Revenue ($m), 2003–2010 55
Table 24: Remote Patient Monitoring Market, Spain, Revenue ($m), 2010–2017 56
Table 25: Remote Patient Monitoring Market, Japan, Revenue ($m), 2003–2010 57
Table 26: Remote Patient Monitoring Market, Japan, Revenue ($m), 2010–2017 58
Table 27: Remote Patient Monitoring Market, Australia, Revenue ($m), 2003–2010 59
Table 28: Remote Patient Monitoring Market, Australia, Revenue ($m), 2010–2017 60
Table 29: Remote Patient Monitoring Market, India, Revenue ($m), 2003–2010 61
Table 30: Remote Patient Monitoring Market, India, Revenue ($m), 2010–2017 62
Table 31: Remote Patient Monitoring Market, Brazil, Revenue ($m), 2003–2010 64
Table 32: Remote Patient Monitoring Market, Brazil, Revenue ($m), 2010–2017 65
Table 33: Comparison of Key Products in Implantable Remote Patient Monitoring Market 69
Table 34: External Remote Patient Monitoring Devices Market, List of Pipeline Products, Global, 2010 74
Table 35: Ankle Bracelet Monitor, Product Status 75
Table 36: Breeze@home, Product Status 75
Table 37: BTT Wireless Device, Product Status 76
Table 38: Health-e-Connect System - Blood Pressure Monitor, Product Status 76
Table 39: Health-e-Connect System - Body Composition Monitor, Product Status 77
Table 40: Health-e-Connect System - Peak Flow Meter, Product Status 77
Table 41: Health-e-Connect System - Pulse Oximeter, Product Status 78
Table 42: Health-e-Connect System - Respiratory Health Management, Product Status 78
Table 43: Motion Tracker, Product Status 79
Table 44: Raisin System - Organ Transplantation, Product Status 79
Table 45: Raisin System - Psychiatric Disorders, Product Status 80
Table 46: Raisin System - Tuberculosis, Product Status 80
Table 47: Spiroscout, Product Status 81
Table 48: TELEHOME System, Product Status 81
Table 49: Wearable Sensor, Product Status 82
Table 50: Implantable Remote Patient Monitoring Devices Market, List of Pipeline Products, Global, 2010 83
Table 51: Alere Heart Check System, Product Status 83
Table 52: CardiaClinic, Product Status 83
Table 53: Health-e-Connect System - Electrocardiogram, Product Status 84
Table 54: Raisin System - Heart Failure, Product Status 84
Table 55: Remote Monitoring Device, Product Status 85
Table 56: Remote Monitoring Solution, Product Status 85
Table 57: Remote Monitoring Solution V2, Product Status 86
Table 58: Remote Patient Monitoring Market, Mergers and Acquisitions, by Volume, Global, 2008–2011* 87
Table 59: Tunstall Healthcare To Acquire American Medical Alert For $82 Million, 2011 87
Table 60: Moonray Healthcare Acquires Telehealth Solutions, 2011 88
Table 61: Arrhythmia Research Technology Acquires RMDDx, 2010 89
Table 62: Intuit Completes Acquisition Of Medfusion, 2010 89
Table 63: GE Healthcare Acquires Living Independently Group, 2009 90
Table 64: Robert Bosch Acquires Health Hero Network, 2007 91

List of Figures

Figure 1: Remote Patient Monitoring Market, Global, Overall Revenue ($m), 2010–2017 11
Figure 2: Remote Patient Monitoring Market, Contribution of the US and Other Countries (%), 2010 12
Figure 3: Remote Patient Monitoring Market, Global, Company Share (%), 2010 13
Figure 4: Overview of Remote Patient Monitoring Market, 2011 16
Table 1: Roles and Benefits of RPM Technologies for Chronic Disease Management 17
Figure 5: Remote Patient Monitoring Market, Global, Revenue ($m), 2003–2010 19
Figure 6: Remote Patient Monitoring Market, Global, Revenue ($m), 2010–2017 20
Figure 7: Remote Patient Monitoring Market, Global, Company Share (%), 2010 21
Figure 8: Percentage of People Aged 65 Years and Above in Total Adult Population, by Country (%), 1980–2050 25
Figure 11: External Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2003–2010 32
Figure 12: External Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2010–2017 33
Figure 13: Remote Patient Monitoring Market, Diabetes Prevalence (Million), Key Countries, 2010–2030 34
Figure 14: Implantable Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2003–2010 37
Figure 15: Implantable Remote Patient Monitoring Devices Market, Global, Revenue ($m), 2010–2017 37
Figure 16: Remote Patient Monitoring Market, US, Revenue ($m), 2003–2010 41
Figure 17: Remote Patient Monitoring Market, US, Revenue ($m), 2010–2017 42
Figure 18: Remote Patient Monitoring Market, Canada, Revenue ($m), 2003–2010 43
Figure 19: Remote Patient Monitoring Market, Canada, Revenue ($m), 2010–2017 44
Figure 20: Remote Patient Monitoring Market, UK, Revenue ($m), 2003–2010 45
Figure 21: Remote Patient Monitoring Market, UK, Revenue ($m), 2010–2017 46
Figure 22: Remote Patient Monitoring Market, France, Revenue ($m), 2003–2010 48
Figure 23: Remote Patient Monitoring Market, France, Revenue ($m), 2010–2017 49
Figure 24: Remote Patient Monitoring Market, Germany, Revenue ($m), 2003–2010 50
Figure 25: Remote Patient Monitoring Market, Germany, Revenue ($m), 2010–2017 51
Figure 26: Remote Patient Monitoring Market, Italy, Revenue ($m), 2003–2010 52
Figure 27: Remote Patient Monitoring Market, Italy, Revenue ($m), 2010–2017 53
Figure 28: Remote Patient Monitoring Market, Spain, Revenue ($m), 2003–2010 54
Figure 29: Remote Patient Monitoring Market, Spain, Revenue ($m), 2010–2017 55
Figure 30: Remote Patient Monitoring Market, Japan, Revenue ($m), 2003–2010 56
Figure 31: Remote Patient Monitoring Market, Japan, Revenue ($m), 2010–2017 57
Figure 32: Remote Patient Monitoring Market, Australia, Revenue ($m), 2003–2010 58
Figure 33: Remote Patient Monitoring Market, Australia, Revenue ($m), 2010–2017 60
Figure 34: Remote Patient Monitoring Market, India, Revenue ($m), 2003–2010 61
Figure 35: Remote Patient Monitoring Market, India, Revenue ($m), 2010–2017 62
Figure 36: Remote Patient Monitoring Market, Brazil, Revenue ($m), 2003–2010 63
Figure 37: Remote Patient Monitoring Market, Brazil, Revenue ($m), 2010–2017 64
Figure 38: Remote Patient Monitoring, Market Opportunities and Risk Evaluation 66
Table 33: Comparison of Key Products in Implantable Remote Patient Monitoring Market 69

Published By: GBI Research
Product Code: GBI Research372

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