Artificial Intelligence
Remote Patient Monitoring (RPM) Market is Expected to Reach $175.2 billion | MarketsandMarkets.
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Chicago, March 02, 2023 (GLOBE NEWSWIRE) — The Remote Patient Monitoring (RPM) industry is expected to experience significant growth in the near future due to the increasing demand for better patient care and the rising cost of traditional health care. RPM is a type of telemedicine that uses various technological tools to monitor patients remotely. This technology allows doctors and other healthcare professionals to monitor their patients’ health in real-time, without the need for in-person visits. This technology also allows healthcare providers to better track their patients’ health over time and make more informed decisions. The increasing demand for better healthcare services, along with the rising cost of traditional health care, is expected to drive the growth of the Remote Patient Monitoring (RPM) industry in the near future. Additionally, the increasing use of smartphones and other mobile devices, as well as the growing availability of broadband internet and wireless networks, is expected to contribute to the growth of the industry. Furthermore, the increasing use of artificial intelligence and machine learning, as well as the development of new monitoring technologies, is likely to drive the growth of the RPM industry in the near future.
Remote Patient Monitoring (RPM) market in terms of revenue was estimated to be worth $53.6 billion in 2022 and is poised to reach $175.2 billion by 2027, growing at a CAGR of 26.7% from 2022 to 2027 according to a latest report published by MarketsandMarkets™. The rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth and remote patient monitoring, benefits of RPM to reduce the burden on medical resources, advancements in telecommunications, growing incidences of chronic diseases, and increasing investments in telehealth and RPM are the major factors driving the growth of this market. However, the regulatory variations across regions, healthcare fraud, and informal usage of social media practices is expected to restrain the market growth during the forecast period.
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Remote Patient Monitoring (RPM) Market Scope:
| Report Coverage | Details |
| Market Revenue in 2022 | $53.6 billion |
| Estimated Value by 2027 | $175.2 billion |
| Growth Rate | Poised to grow at a CAGR of 26.7% |
| Market Size Available for | 2020-2027 |
| Forecast Period | 2022–2027 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, End User, and Region |
| Geographies Covered | North America (US, and Canada), Europe (Germany, France, UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, and RoAPAC), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa) |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunity | high utility of RPM in combating infectious diseases and epidemics |
| Key Market Drivers | Rising geriatric population and growing need to expand healthcare access |
Notable Remote Patient Monitoring (RPM) mergers and acquisitions for 2021 – 2022 include:
- Fitbit and Google Health: In January 2021, Google announced plans to acquire Fitbit for $2.1 billion. The transaction is expected to close in 2022 and will bring together two of the biggest players in the remote patient monitoring market.
- AliveCor and Apple: In April 2021, Apple announced it would acquire AliveCor, a leader in remote monitoring of heart rhythms, for an undisclosed amount. The deal is expected to close in 2022 and will help Apple expand its healthcare offerings.
- Philips and ResMed: In October 2021, Philips announced plans to acquire ResMed, a provider of digital health solutions and remote patient monitoring services, for $3.3 billion. The transaction is expected to close in 2022 and will expand Philips’ reach in the global healthcare market.
- Cerner and Change Healthcare: In November 2021, Cerner announced plans to acquire Change Healthcare, a provider of remote patient monitoring solutions, for $13 billion. The transaction is expected to close in 2022 and will combine two of the largest healthcare technology companies.
Growth Drivers of Remote Patient Monitoring (RPM) Market from Macro to Micro:
- Increasing Awareness about Remote Patient Monitoring (RPM): Due to increasing awareness about remote patient monitoring (RPM), people have become more aware of its benefits and are more inclined to use it. This is boosting the market demand for RPM, as more people are getting access to this technology.
- Growing Prevalence of Chronic Diseases: The prevalence of chronic diseases has been increasing globally, which has led to an increased demand for RPM. This is because RPM can help in monitoring and managing chronic diseases more effectively and efficiently.
- Growing Adoption of Technology in Healthcare: Increasing adoption of technology in healthcare, such as mHealth and telemedicine, has helped to improve the services offered to patients, which is boosting the demand for RPM.
- Government Support for Remote Patient Monitoring: Governments around the world are taking initiatives to support RPM by providing financial incentives and regulations to promote its adoption. This is helping to increase the demand for RPM.
- Growing Demand for Cost-Effective Solutions: As healthcare costs are rising, there is a growing demand for cost-effective solutions that can help to reduce healthcare costs. RPM provides a cost-effective solution for monitoring and managing chronic diseases, which is increasing its demand.
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Hypothetic Challenges of Remote Patient Monitoring (RPM) Market in Near Future:
- Patient Privacy and Security: Ensuring patient privacy and data security is a major challenge for the remote patient monitoring market. With the increasing use of mobile and cloud technology, patient data is vulnerable to cyber threats and potential breaches. Companies must make sure that patient data is secure and comply with the necessary regulations and privacy standards.
- Physician Acceptance: Physician acceptance is another challenge faced by the remote patient monitoring market. Physicians must become comfortable and confident in the technology before they can begin to use it on their patients. Companies must focus on educating physicians on the benefits of remote patient monitoring, and making sure that the technology is easy to use and reliable.
- Cost Implications: As with any new technology, the cost of remote patient monitoring is a barrier to market penetration. Companies must make sure that their solutions are cost-effective in order to attract customers. Companies should also focus on providing value-added services, such as analytics and predictive modeling, to justify the cost of their solutions.
- Lack of Standardization: The lack of standardization is another challenge faced by the remote patient monitoring market. Companies must ensure that their solutions are compatible with various health IT standards, and that their data is interoperable and can be shared with other healthcare providers. This will help to ensure that different systems can communicate with each other, and that patient data is securely stored and easily accessible.
Top 3 Use Cases of Remote Patient Monitoring (RPM) Market:
- Chronic Disease Management: RPM systems can be used to monitor the vital signs and symptoms of chronic diseases such as diabetes, heart disease, hypertension, and asthma in real time. Regular monitoring of these conditions allows for timely intervention and can help prevent any medical complications before they become serious.
- Medication Adherence: RPM systems can be used to monitor patient’s adherence to medications, including dosage and frequency. This helps reduce the risk of non-adherence and improves the effectiveness of treatment.
- Post-operative Care: RPM systems can be used to monitor post-operative patients on an ongoing basis, ensuring that any potential complications can be addressed quickly and effectively. This can reduce the need for readmission and ultimately save on healthcare costs.
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Artificial Intelligence
Legal Operations Leaders and General Counsels to Discuss Business-Critical Challenges at Legal Operations Exchange 2024
LONDON, Sept. 30, 2024 /PRNewswire/ — The Legal Operations Exchange is set to return to the Hilton Syon Park in London for its third edition this 4-5 December. Bringing together 60 Legal Operations Leaders and General Counsels for two days of learning, discussion and networking, attendees will discover new solutions to their unique challenges and gain insight on effectively leveraging data and technology for efficiency gains and positioning the legal team at the heart of the organisation.
Given the progress in data analytics and generative AI solutions, the call to modernise and innovate in-house legal departments has never been more pressing. As the stewards of this shift to a more efficient and future-facing legal department, legal operations teams must both understand the legal technology landscape while also mastering the softer skills needed to implement and manage change successfully.
The Legal Operations Exchange has been designed to address the complexities of improving in-house legal operations from all angles. Confirmed attendees at this year’s event include Legal Operations Directors, General Counsels and Heads of Legal from top-tier organisations such as The Access Group, L’Oreal and Arla. All participants have been selected to attend this invitation-only gathering based on their active requirements to innovate their legal department’s operations.
A hallmark of the Legal Operations Exchange is its one-to-one business meetings which allow decision-makers who have pre-identified their specific challenges and investment areas to meet with relevant solution providers. With analysis by the Legal Operations Exchange revealing risk management, contract review and analytics, and document automation and generation as the top investment priorities of attendees so far, these bespoke, pre-scheduled meetings provide a dedicated platform for solution providers to demonstrate their capabilities to those actively seeking new solutions.
With nearly 10 hours of time dedicated to organic networking and pre-scheduled business meetings over the course of the two days, the event provides the opportunity for end users and solution providers alike to form new and lasting relationships. One previous attendee from Red Bull commented that: “The Legal Operations Exchange event was an excellent opportunity for networking. Its size was perfect – not too large, so you didn’t feel lost in the crowd, and not too small, so there was a diverse group of professionals to connect with. I found it incredibly easy to engage in meaningful conversations and build connections.”
The Legal Operations Exchange’s world-class, cross-industry speaker faculty is comprised of leading figures in the legal operations world, including Silke Engel, Director of Legal, Legal Operations and Technology at Coca Cola Europacific Partners, and Niklas Rahlmeyer, Head of New Business, Legal Operations and Services at E.ON.
For Legal Operations professionals, General Counsels and solution providers, the Legal Operations Exchange provides an unparalleled opportunity to form meaningful connections and share best practices for enhancing legal operations in today’s complex landscape. To secure your place or for more information on sponsorship opportunities, contact the Legal Operations Exchange team at [email protected] or visit our website here.
Contact: Kazia [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/legal-operations-leaders-and-general-counsels-to-discuss-business-critical-challenges-at-legal-operations-exchange-2024-302262399.html
Artificial Intelligence
Tyne and Wear Fire and Rescue Service U.K. to Deploy Motorola Solutions’ Cloud-Hosted Control Room Solution
New response system helps streamlining workflows, strengthening resilience and improving safety for more than 1 million people in Northeast England
LONDON, Sept. 30, 2024 /PRNewswire/ — Tyne and Wear Fire and Rescue Service has announced that it is strengthening its emergency response capabilities through a cloud-hosted Control Room Solution (CRS) from Motorola Solutions (NYSE: MSI). This move will foster digitalisation, streamline workflows and offer the agency the ability to better scale operations in critical situations such as flooding and wildfires, which have increased in frequency in the U.K. in recent years.
“Our objective is to create one of the safest communities in the country,” said Phil Clark, Area Manager for mobilising and digital transformation at Tyne and Wear Fire and Rescue Service. “We are amongst the fastest responding fire and rescue services in the U.K. for dwelling fires with an average response time of 5 minutes 58 seconds.”
“We will continue to invest in new technologies and plan to offer other fire and rescue services the opportunity to join our newly created control room solution,” said Area Manager Clark. “In doing so, we’ll be able to seamlessly exchange information during joint operations, increase scalability to accommodate varying demand levels, and foster greater cooperation and faster responses in critical situations. Our relationship with Motorola Solutions will enable us to realise and deliver our operational vision, which will ultimately help to save lives and put Tyne and Wear Fire and Rescue Service at the forefront of Control Room technology in the U.K.”
Every day, more than 1 million people rely on Tyne and Wear Fire and Rescue Service, who operate 17 community fire stations in Northeast England. Their responsibilities across the community include responding to primary and secondary fires, road traffic collisions, civil emergencies, water and structural rescues and delivering fire safety advice to residents and businesses.
The browser-based CRS enables staff to access the control room by securely logging on from any location to set up mobile command posts or provide remote support for incidents. The new platform will integrate Motorola Solutions’ CommandCentral Evidence software for storing and securely handling control room voice recordings, unifying critical communications and data in one platform, while also linking to the appropriate cases.
“Demand on the fire and rescue service has evolved over the years, and emergency services continue to respond to a wide range of complex incidents,” said Fergus Mayne, U.K. and Ireland country manager at Motorola Solutions. “Our cloud-hosted CRS solution benefits Tyne and Wear Fire and Rescue Service with an intuitive and unified response system that integrates all communications into one efficient and resilient work environment.”
About Motorola Solutions
Motorola Solutions is solving for safer. We build and connect technologies to help protect people, property and places. Our solutions enable the collaboration between public safety agencies and enterprises that’s critical for a proactive approach to safety and security. Learn more about how we’re solving for safer communities, safer schools, safer hospitals, safer businesses – safer everywhere – at www.motorolasolutions.com.
Tyne and Wear Fire and Rescue Service
Tyne and Wear Fire and Rescue Service leads the operational delivery of fire and rescue, including public protection, emergency prevention and resilience for the five local authority areas of Gateshead, Newcastle, North Tyneside, South Tyneside and Sunderland.
The fire service operates from 17 community fire stations across Tyne and Wear, with our stations, employees and appliances strategically placed across the region to ensure efficient and effective response to fire and rescue emergencies. www.twfire.gov.uk
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Artificial Intelligence
Heimdal and emt Distribution Aim to Dominate the Middle East Cybersecurity Market
COPENHAGEN, Denmark and DUBAI, UAE, Sept. 30, 2024 /PRNewswire/ — Heimdal and emt Distribution announce a strategic partnership that combines Heimdal’s advanced cybersecurity solutions with emt Distribution’s deep market expertise.
The collaboration will deliver sophisticated yet user friendly products to the Middle East. With Heimdal offering the widest cybersecurity stack in the world, and emt Distribution being the region’s leading distributor, the partnership is well-positioned for success.
Together, they are committed to educating the market on how strategic consolidation, training, and strong vendor relationships will maximize value.
Bringing a new dynamic to the market
Under this partnership, the two parties have promised to:
Roll out Heimdal’s Patch Management solution right away, as it’s a clear improvement over existing tools in the market.Provide local hosting in the United Arab Emirates by 2025, offering compliant, high-performance cloud services tailored to regional needs.Drive new technology adoption with pioneering tools, like the Threat Hunting and Action Center, along with emt Distribution’s market know-how.Offer easy-to-use technology, hands-on training, and show how a SOC can close security gaps while boosting profits.M Mobasseri, Co-Founder and CEO of emt Distribution META: “As we work closely with many cybersecurity experts and CISOs, we consistently encounter a range of challenges, particularly the complexity of managing numerous platforms. These platforms not only require specialized expertise but are also resource-intensive and costly.”
“Having known Heimdal for many years, I’ve witnessed their substantial investments in addressing these challenges and their development of a comprehensive cybersecurity platform that meets the critical needs of customers in the region.”
“Together with Heimdal, we are striving to integrate best-of-breed technologies into a unified platform, with plans for local hosting in 2025 to ensure compliance for businesses of all sizes. In addition, we are excited to announce special terms for our channel partners, aimed at maximizing their growth and profitability.”
Jesper Frederiksen, CEO of Heimdal, commented on the announcement: “Heimdal is pleased to announce a strategic partnership with emt Distribution, the leading security distributor in the Middle East. This collaboration comes in response to the rapidly growing demand for advanced cybersecurity solutions across the region.”
“By joining forces with emt Distribution, Heimdal aims to leverage their extensive network of resellers to provide cybersecurity solutions to organizations throughout the Middle East. Our joint initiative will focus on empowering organizations to significantly reduce their cyber risk exposure through Heimdal’s easy-to-use and cost-effective security solutions and emt Distribution’s unparalleled market reach.”, he added.
About emt Distribution META
emt Distribution META is a channel company with over 30 years of experience in security distribution, offering cyber threat mitigation solutions for Enterprises, SMBs, and MSPs. Committed to selling through channel partners, emt supports a large reseller base and provides technical support and professional services.
For more information, visit emt Distribution.
About Heimdal
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For more information, visit Heimdal.
For further press information:
Madalina PopoviciMedia Relations [email protected]
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-and-emt-distribution-aim-to-dominate-the-middle-east-cybersecurity-market,c4044480
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Heimdal and emt Distribution Partnership – Press Release
https://news.cision.com/heimdal-security/i/heimdal-and-emt-distribution-partnership,c3338145
Heimdal and emt Distribution Partnership
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