How is Growing Need for Remote Patient Monitoring Driving Digital Health Market?

While the healthcare industry is among the most prominent and important industries, its resources are still limited. The patient pool on the other hand is increasing rapidly on account of growing geriatric population, rising prevalence of diseases, and increasing population across the globe. The availability of healthcare professionals for catering to this vast patient pool is insufficient. This problem can be solved to some extent by remote patient monitoring. Other than allowing healthcare professionals to give more time to critical patients, remote patient monitoring also provides patients with higher-quality care, especially when it comes to aged and disabled people, reduced healthcare expenses.

Out of all these, the demand for the mHealth technology was the highest in the past, which can be primarily because of the surging penetration of smartphones and internet all across the globe. mHealth delivers healthcare services with the aid of devices including personal digital assistants, cell phones, tablets, and laptops via wireless networks. Because of the supportive regulatory norms, increasing popularity of at-home services, growing prevalence of chronic diseases, surging geriatric population, and increasing healthcare costs, the requirement for mHealth service is rising rapidly. In addition to this, these applications are also available for wellness and disease management, which is further increasing their adoption.

Major end users of digital health technologies are individuals, hospitals, and clinics. Among all these, hospitals have been the largest users of digital health solutions in the past, which can be ascribed to the increasing adoption of these technologies in several hospitals for offering efficient care to the surging patient base around the globe. Other than this, the demand for these services is also expected to increase from individuals in the near future, owing to the rising penetration of solutions that are based on information technology among the people.

Hence, the demand for digital health is growing due to the rising need for remote patient monitoring and growing penetration of smartphones around the world.