According to the new study, stocks of the rapid-fire developments in the domain of patient monitoring, escalating the capabilities by bounds and leaps with the evolution of artificial intelligence, predictive analysis, and sensors.
According to the researchers, it is claimed that “Patient monitoring has evolved from ad hoc to continuous monitoring of multiple parameters, causing a surge in the amount of unprocessed and unorganized data available to clinicians for decision-making”. “To extract actionable information from this data, healthcare providers are turning to big data analytics and other analytics solutions.
The report records that the potential of analytics to assess patients in the point. And moment toward the probable future condition having health systems capitalizing greater than USD 600 Mn in the technology in the year 2018.
As data-crunching is the establishments of healthcare and hospital providers requiring to get prepared for managing in several years for taking full advantage of rapidly developing patient monitoring technology.
Wearables and inserted biosensors like ECG monitors, pulse oximeters, blood pressure monitors and continuous glucose monitors are the obvious places. To begin as health systems are looking to accomplish population health and chronic conditions, inside and outside the hospital.
As there are more developments starting to get traction like smart implants and smart prosthetics. According to the researchers, it is said that “These are crucial for patient management post-surgery or rehabilitation”. In addition, “they help in measuring the key parameters to support monitoring and early intervention to avoid readmission or complexities”.
How does it matter
Another innovation is set for big development is nanorobots and digital pills that help in monitoring the adherence of medication. Additionally, smart fabrics and advanced materials are starting the new frontiers in cardiac monitoring and wound management. The brain-computer interfaces are allowing the measurement and monitoring of health metrics to evaluate the patient’s cognitive, emotional and psychological state.
In the current interview with Healthcare IT News, pioneer of digital health Dr. Eric Topol, director and founder of Scripps Research Transnational Institute, enquired with advancements in mobile technology. Moreover, AI will be more transformative in the coming years.
Topol claimed that “Longer term, the biggest thing of all is remote monitoring and getting rid of hospital rooms“.
The assessment of patient monitoring is documented at the Federal Level. Topol said that Seema Verma, Administrator of Centers for Medicare and Medicaid Services is called for the development of reimbursement for remote care, with CMS looking to “make sure home health agencies can leverage innovation to provide state-of-the-art care”.
One of the researchers claimed that “In the future, patient monitoring data will combine with concurrent streams from other sensors. Also, almost every life function will be monitored and its data captured and stored”. “The data explosion can be harnessed and employed through technologies. Such as Artificial Intelligence (AI), machine learning, etc., to deliver targeted, outcome-based therapies”.
It is said that “as mHealth rapidly gains traction, wearables, telehealth, social media, and patient engagement are expected to find adoption among more than half of the population in developed economies by 2025. The patient monitoring market is expected to be worth more than $350 billion by 2025. As the focus is likely to move beyond device sales to solutions.”