NEW YORK, Dec. 30, 2014 /PRNewswire/ -- The 29 billion-dollar remote patient monitoring market will grow in part, because they fit the Baby Boomer generation that will be among the user base, according to a recent report from Kalorama Information. The report says Baby Boomers will reach the retirement age by the next decade which will lead to the need for a widespread application of wireless technologies within the healthcare industry because of greater requirement of tele-homecare, remote patient monitoring, etc. The report said that mobility, technology use and curiosity about health are Boomer traits that will ensure the systems will have a long presence in healthcare.
Kalorama Information covers the patient monitoring industry in detail in its report in its latest report: Advanced Remote Patient Monitoring Systems, 7th Ed, which can be found at: http://www.kaloramainformation.com/Advanced-Remote-Patient-8375301/.
"The baby boomer generation expects to stay in their homes, rather than going into nursing homes or other facilities, and PM devices are a practical strategy to help them do it." said Melissa Elder, analyst for Kalorama Information and the author of the report.
The report also cites the following factors:
- Boomers Are Familiar with Computers and Wireless Technology: This generation will be able to use patient self-monitoring devices because they are already familiar with similar technologies.
- Availability of Interactive Computer- or Television-based Technologies: Video and interactive technology constantly improve, and systems that put the patient data into an easy-to-use format on computer or television screens will increase patient compliance and patient satisfaction.
- Boomers Are The First Direct-to-Consumer (DTC) Generation: Baby boomers are the first DTC generation. Patients are now accustomed to hearing about healthcare options, discussing those options with their physicians, and making informed healthcare choices. This group is ideal for self-monitoring their conditions and tracking their progress in conjunction with their healthcare providers.
Aging of the population has several consequences, according to the report. While the prevalence of chronic diseases increases, the percentage of persons in the workforce decreases, leaving fewer healthcare personnel to care for more sick populations. In addition, in the United States, the healthcare system must find ways to reduce costs because a larger percentage of elderly Americans will be drawing Social Security, rather than contributing to the economy. This is similar in world economies.
Thorough vendor product overviews, market segmentation and market share analysis within advanced remote patient monitoring is available from Kalorama Information in its latest report: Advanced Remote Patient Monitoring Systems, 7th Ed. Information can be obtained at: http://www.kaloramainformation.com/Advanced-Remote-Patient-8375301/.
About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.
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SOURCE Kalorama Information