Worth of Remote Patient Monitoring Market May Hit $46B by 2017

The total global market for remote patient monitoring is currently estimated at nearly $22 billion and is expected to be worth $46 billion by 2017, according to a whitepaper released by MarketResearch.com.  

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The whitepaper, called “Healthcare IT, Patient Monitoring & Telemedicine,” examines the health IT marketplace, including patient monitoring and telemedicine.

According to the whitepaper:

•    U.S. healthcare spending as a percent of GDP is expected to increase to almost 20 percent by the year 2021.
•    More than $4 billion is spent annually in the U.S. for implementing and operating wireless technologies in the healthcare industry, and growth is expected to remain strong at 16 percent annually.

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