2009-10-20 14:18:38 - The European remote patient monitoring market is forecast to grow annually at a rate of 2.9% for the next seven years to reach $51.6 m in 2015.

The market is expected to be driven by the increasing number of cardiovascular patients with implants, the cost effectiveness of the systems and an increasing adoption rate by the patients. The market is also expected to be driven by technological advances improving the ease of use of these systems.

The number of people aged 65 and over in Europe is

the highest in the world. The developed countries in Europe have relatively high proportions of people aged 65 and over with life expectancies of above 75 years. Remote patient monitoring of the older patients in homecare settings is one of the better alternatives currently being implemented to tackle the rise in healthcare costs. This kind of setting is currently in the early stage of growth with a huge unmet demand.

The French remote patient monitoring market valued at $12.3 m in 2008 is forecast to grow by 3.3% annually for the next seven years to reach $15.4 m by 2015. The UK market is forecast to grow at a CAGR of 4% for the next seven years to reach $12.2 m in 2015. France and the UK are forecast to grow faster than the average European remote patient monitoring market growth. Together these countries accounted for 51% of the European remote patient monitoring market value in 2008.

In 2008, more than 90,000 patients were implanted with Cardiac Resynchronization Therapy-Defibrillators (CRT-D) and Implantable Cardioverter Defibrillators (ICD) and about 12,500 new patients were using remote patient monitoring systems. The unmet need is very high in the remote patient monitoring market considering the difference between the number of patients with ICD and CRT-D implants and the number of those patients using remote patient monitoring systems. The difference has been increasing every year as the remote patient monitoring systems use has not been able to increase at the same rate as the number of patients with cardiovascular implants. The opportunities for companies are high in the European remote patient monitoring market considering the huge unmet need that exists.

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GlobalData’s “Europe Remote Patient Monitoring Market: Strategic Analysis and Opportunity Assessment” report is an essential source of data and analysis on the Europe remote patient monitoring market with complete coverage on the market landscape. The report identifies the key trends shaping and driving the dynamism in the Europe remote patient monitoring market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also provides valuable insight on the pipeline products within the Europe remote patient monitoring market. The report finds that an increasing number of cardiovascular patients with implants and the growth in the remote monitoring of older patients in homecare settings are expected to drive growth in the European remote patient monitoring market.

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