The global telemonitoring systems market is expected to grow at a compound annual growth rate of 12.96% from 2017 to 2021, according to a report from Research and Markets.
The report states that the latest market trend gaining momentum is the increased adoption of cardiovascular information systems (CVISs). Used to store cardiology-related information, CVIS helps to increase cardiology operations and offers a platform to access cardiology-related medical data.
Hospitals are also integrating cardiology data, such as ECG, hemodynamics data, echogram data, and other laboratory test results, with centralized electronic health records. This enables medical information of the patient to be shared with other departments, such as oncology, for the treatment of CVD and cancer.
Centralized databases to access cardiac data enable hospitals to cut down IT costs and streamline workflow for advanced treatment of heart diseases, the report continues. CVISs support telecardiology programs in hospitals by providing access to patient data while ensuring the removal of redundant data.
According to the report, one of the major market drivers is a rise in chronic diseases and aging population. The increase in incidences of chronic diseases such as heart diseases, stroke, chronic respiratory diseases, and diabetes in the aging population has resulted in high demand for different diagnostic tests.
Furthermore, the report states that one of the major factors hindering market growth is a lack of adequate information and communication technology infrastructure in rural areas. In telemedicine, physicians and doctors consult their patients via videoconferencing or video consulting.
Owing to the lack of a good infrastructure, virtual consultation may become disconnected abruptly, resulting in the patient following the wrong treatment regimen, the report states. Telehealth pilot projects in developing economies face networking issues due to poorly designed network connectivity, poor user experiences, unreliable equipment, and poor bandwidth availability.
The report covers the market landscape and its growth prospects over the coming years, and also includes a discussion of key vendors.