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2017-02-15
Berg Insight says remote patient monitoring revenues to reach € 32.4 billion in 2021
Revenues for remote patient monitoring (RPM) solutions reached € 7.5 billion in 2016, according to a new study released by Berg Insight. This includes revenues from medical monitoring devices, mHealth connectivity solutions, care delivery platforms and mHealth care programs. RPM revenues are expected to grow at a CAGR of 33.8 percent between 2016 and 2021, reaching € 32.4 billion at the end of the forecast period. Savings attributable to payers and care providers will by far exceed this amount as connected care solutions can allow better health outcomes to be achieved more cost efficiently. The new care models enabled by these technologies are often consistent with patients’ preferences of living more healthy, active and independent lives. The healthcare industry is advancing towards an age where connected healthcare solutions will be part of standard care practices. “All health related devices that can be connected will be connected and patient data management therefore becomes increasingly important”, says Anders Frick, Senior Analyst at Berg Insight. He describes how the line between medical devices and health gadgets becomes blurred and traditional as well as startup companies try to position themselves as important players in the ecosystem for mHealth data. National PHR systems, device manufacturing companies, independent app producers and tech giants such as Google, Apple and Microsoft are some of the stakeholders. Another major trend is the consumerization of medical-grade mHealth devices and apps. During 2016 hundreds of thousands of consumers have connected medical monitoring devices via their smartphones to cloud platforms. This marks a substantial shift that will open up new opportunities in the remote patient monitoring market in the coming years. “Payers and healthcare providers will have opportunities to take advantage of this trend, as consumers that already have started to use connected medical devices more easily can be onboarded onto new mHealth care programs”, concludes Mr Frick. The new mHealth study from Berg Insight also investigates the connected AED market. An automated external defibrillator (AED) is a portable electronic device that automatically diagnoses and corrects life-threatening heart problems in a patient. Yearly shipments of AEDs are around 500,000 units globally. Several vendors recently started to offer AEDs featuring built-in connectivity whereas others are only in the planning stage to add connectivity. Berg Insight estimates that about 10 percent of all AEDs sold this year will be connected, a percentage that will increase to 50 percent by 2021.

2017-02-08
Berg Insight says 7.1 million patients worldwide are remotely monitored
Berg Insight, the world’s leading M2M/IoT market research provider, today released new findings about the mHealth market. The number of remotely monitored patients grew by 44 percent to 7.1 million in 2016 as the market entered a growth phase fuelled by rising market acceptance in several key verticals. This number includes all patients enrolled in mHealth care programs in which connected medical devices are used as a part of the care regimen. Connected medical devices used for various forms of personal health tracking are not included in this figure. Berg Insight estimates that the number of remotely monitored patients will grow at a compound annual growth rate (CAGR) of 47.9 percent to reach 50.2 million by 2021. The two main applications are monitoring of patients with sleep therapy devices and monitoring of patients with implantable cardiac rhythm management (CRM) devices. These two verticals accounted for 80 percent of all connected home medical monitoring systems in 2016. “The number of remotely monitored sleep therapy patients grew by 70 percent in 2016, mainly driven by Resmed that has made connected healthcare a cornerstone of its strategy” says Anders Frick, Senior Analyst at Berg Insight. Other leading vendors in this segment are Philips Respironics and SRETT. The CRM market is led by companies such as Medtronic, Boston Scientific and St. Jude Medical (now Abbott) that included connectivity in CRM solutions more than a decade ago. Telehealth is the third largest segment with 0.50 million connections at the end of the year. Leading telehealth hub vendors include Tunstall Healthcare, Honeywell, Cardiocom, Philips and Qualcomm Life. All other device categories – including ECG, glucose level, medication adherence and others – stood for less than one million connections together. Cellular connectivity has already replaced PSTN and LAN as the de-facto standard communication technology for most types of connected home medical monitoring devices. The number of mHealth devices with integrated cellular connectivity increased from 3.0 million in 2015 to 4.9 million in 2016. The use of BYOD connectivity will increase the most during the next five years, with a forecasted CAGR of 109 percent. BYOD involves low costs, but cannot be used to reliably connect every patient. The technology will be most useful for patient-centric engagement programs in therapeutic areas such as diabetes and asthma that have younger patient demographics compared to many other chronic diseases. In fact, many of these patients will prefer to use their own smartphone as the interface instead of carrying around a dedicated device for remote monitoring.

2017-01-12
Berg Insight at Mobile World Congress 2017
Berg Insight will take part in the event in Barcelona that is held February 27-2 March 2017. There will be 5 analysts from Berg Insight at the event. Please contact us if you would like to take the opportunity to meet with us there. Click on the link below for more information about the event.
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2017-01-11
Berg Insight is hiring
We are expanding our office in Gothenburg and are looking for two additional analysts. Find out more about the available position on the link below (ad on Linkedin).
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2016-12-22
The public transport ITS market in Europe and North America to reach € 2.8 billion by 2020
Berg Insight, the world’s leading M2M/IoT market research provider, today released new findings about the market for Intelligent Transport Systems (ITS). The market value for ITS deployed in public transport operations in Europe was € 1.35 billion in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 percent, this number is expected to reach € 1.91 billion by 2020. The North American market for public transport ITS is similarly forecasted to grow at a CAGR of 8.1 percent from € 0.59 billion in 2015 to reach € 0.87 billion in 2020. Berg Insight is of the opinion that the market for ITS in public transport is in a growth phase which will continue throughout the forecasted period. Increased funds made available to infrastructure spending, demands from travellers and smart cities initiatives contribute to a positive market situation. A group of international aftermarket solution providers have emerged as leaders on the market for public transport ITS. Major providers across Europe and North America include Canada-based Trapeze Group and Germany-based INIT with significant installed bases in both regions. IVU is a major player primarily in the German-speaking part of Europe and has also expanded in the North America. Clever Devices and Xerox hold leading positions on the North American public transport ITS market, and the latter also is an international provider of fare collection systems. Additional companies with notable market shares in North America include RouteMatch, Cubic-owned NextBus, Avail Technologies and TransLoc. Examples of major vendors on national markets in Europe include Ineo Systrans which holds a leading position in France and Vix which is an important provider on the UK market. Other significant players include the Spanish groups Indra, GMV and Grupo Etra, Swarco’s subsidiary Swarco Mizar in Italy, Atron in Germany, Italy-based PluService, Norwegian FARA and the Austria-based company Kapsch CarrierCom. Volvo Group is moreover a notable player from the vehicle OEM segment, offering the ITS4mobility system in partnership with Consat Telematics in Europe and North America. “Similarly to adjacent telematics verticals, the market for public transport ITS has in recent time seen a number of significant cross-border mergers and acquisitions involving European and North American players”, said Fredrik Stålbrand, IoT Analyst, Berg Insight. He mentions as examples the recent deals such as GMV’s acquisition of Syncromatics in September 2015, Luminator Technology Group which acquired BMG MIS in the following month, and most recently HanseCom PTTS which was acquired by INIT in September 2016. Berg Insight anticipates that this consolidation trend will continue in the upcoming years. “Several players continue to have inorganic growth as a key strategy and further M&A activity can be expected among telematics and ITS providers for public transport in 2017–2018”, concluded Mr. Stålbrand.

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