As we hope for a drop in the COVID-19 contraction rate, we are also witnessing a steady growth in the demand for remote patient monitoring devices. Especially now, at a time when doing anything remotely has become the new normal, thanks to the pandemic that has made us almost immobile over the last few months. Remote Patient Monitoring is a technology enabling close monitoring of patients outside of conventional clinical settings. It comes with the promise of constant review of the factors resulting in improved clinical outcomes.
India’s Remote Patient Monitoring (RPM) market is expected to see a CAGR rate of 6.4 per cent from 2020 to 2025 as per the latest report. Also, the global market size for RPM devices is anticipated to hit the USD 1.8 Billion mark by 2026 from US$920 Million in 2020, at a CAGR of 10.64 per cent over the next five years, reveals data. Studies conducted by the National Centre for Biotechnology Information (NCBI) have shown how RPM considerably helps in improving clinical outcomes in patients with cardiac failure, atrial fibrillation, ventricular arrhythmias, respiratory disorders. This, quite obviously, brings in a host of good news for the healthcare industry. Enhanced patient outcomes is one among them that will be observed as we start implementing Remote Patient Monitoring significantly across the country.
While healthcare continues to be one of the fastest growing industries in days to come, healthcare providers are looking at solutions which not just meet the patients' needs but also vouch for better clinical outcomes. As healthcare providers start using remote monitoring technology more, the RPM industry will see magnanimous growth in the next decade.
How can Remote Patient Monitoring improve clinical outcome?
Below are several ways by which Remote Patient Monitoring can impact clinical outcomes for patients.
- RPM improves responsiveness: Time is of immense value when it comes to treating and managing a medical condition. RPM aids medical practitioners in tracking their patients real-time. Thus, in case their body vitals fall out of an appropriate level, the healthcare unit can respond to it effectively at the appropriate time and with the right course of treatment.
- RPM helps in proper escalation, saves treatment cost: RPM enables appropriate control of excessive responsiveness among anxious patients. Too much responsiveness may lead to inappropriate escalation and related hospitalisation. This inevitably amps up the unnecessary treatment cost and may adversely affect the patient's quality of life.
- RPM makes compliance tracking hassle-free: To check if the patients are adequately complying with their prescriptions is perhaps one of the most difficult jobs for the doctors. RPM's compliance tracker makes that simple for the healthcare providers. While medication is a vital part of the treatment regimen, compliance is certainly an integral part ensuring optimal patient outcome. Remote Patient Monitoring devices provide reminders to patients about taking medicines on time and likewise, alert healthcare providers in case the patient do not follow the instructions.
- RPM increases the scope of availability of a dedicated help24/7: RPM comes with a clinical support for connected care technology to help patients and their families understand the ways of addressing technical challenges. With RPM in place, one may have accessibility to a telehealth technical support for patients who can help in addressing any issues and prevent improper medical diagnosis, considerably upscaling clinical outcomes on patients
- RPM serves as back-end support for staff: Healthcare staff is the frontline warriors ensuring effective clinical outcomes. However, most healthcare organisations struggle to provide the bandwidth required to fulfill all the back-end administrative functions related to connected medical devices. With RPM technology, the healthcare staff can get rid of administrative technologies like manual data entry, logging into digital systems, data plotting and more and focus on their primary clinical responsibility, thereby, improving clinical outcomes.
Remote Patient Monitoring, the perfect dose of comfort for patients
Benefits of Remote Patient Controlling are immense when it comes to providing ultimate relief to patients. It reduces hospital visits and hospital stays, improves patient retention and adherence to follow-up schedules and allows automatic alert and early detection of device malfunctions or events like atrial fibrillation, ventricular arrhythmias, and heart failure suitable for clinical intervention.
RPM brings in a win-win situation for both patients and healthcare providers, guaranteeing a huge scope of efficient transformation to healthcare.