REMOTE PATIENT MONITORING DEVICES MARKET ANALYSIS
The remote patient monitoring devices market faces several challenges. Healthcare providers have been slow to adopt remote monitoring technologies due to concerns around data security and reimbursement structure. Many patients also do not feel comfortable with the idea of remote care and monitoring. Additionally, the upfront investment required for deploying remote monitoring solutions poses a barrier for healthcare systems.
Market Opportunities: Technological advancements
With growing prevalence of chronic conditions and push for self-care, remote monitoring allows improved management of health outside of clinical settings. Aging population globally will drive the need for independent living and remote care solutions. Technological advancements are addressing challenges around data security and usability of remote devices. This could help drive greater provider and patient acceptance of remote monitoring over time.
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