Current efforts to reduce the societal impact of chronic ailments such as diabetes and heart disease are focused on several factors, including the identification of genetic and environmental risk factors, patient education, and improved patient compliance. The ability of patients to monitor their own blood analyte levels is deemed to be a critical tool in reducing the pathological effects of poorly controlled disease factors.
The convergence of new measurement technologies, patient demographics and managed care cost initiatives is driving patient monitoring for a number of conditions from caregiver facilities and into homes. In the process, patient self-monitoring for cholesterol, INR and hypertension will transition into a significant market for monitoring technology and devices.
A key enabler of this significant shift will be technological advances that will provide accurate readings in a format that consumers can understand, clearly indicating when a follow-up visit to a caregiver is needed. Systems that allow patients to share readings with physicians electronically have already been introduced. Ultimately, the success of this self-test market will rely on monitors that can provide accurate values for the various analytes that are associated with health risk, presenting them to the patient in the proper context
More information on the growing impact of patient self-monitoring can be found in a new and comprehensive report, researched and prepared by Greystone Research Associates. Patient Self-Monitoring: Devices, Markets, Players and Prospects examines and profiles self-monitoring segments and products, analyzes key technology, design and acceptance factors, and assesses the activities of market participants.
More information is available at greystoneassociates.org/.
Greystone Research Associates (greystoneassociates.org) is a medical technology consulting firm focused on the areas of medical market strategy, product commercialization, venture development, and market research. Our market research publications are designed, researched and written to provide timely and insightful information and data on focused market segments, with the aim of providing market participants with the essential knowledge to refine and execute their marketing plans and financial targets.