In 2022, the home healthcare market was estimated to be worth $226bn, reaching $340.2bn by 2027(1). But is the shift to remote care working?
Here's a summary of the key data we know so far about remote patient monitoring. Covering clinical, patient and healthcare system outcomes, this blog outlines key insights from the first section in the summary: the clinical perspective.
Read key insights below and download the full report at the end.
Hospital capacity has become an issue across the globe. For example in NHS England, hospital bed numbers have been falling steadily over the past 30 years. According to The King’s Fund, between 1987/88 and 2019/20, the total number of NHS hospital beds fell by 53%(2).
Beds available in public, private, general, and specialised hospitals and rehabilitation centres have also fallen worldwide. For example the number of beds in Singapore decreased from 4.39 per 1,000 people in 1960 to just 2.49 in 2017(3). In short, there aren’t enough hospital beds to care for the growing and aging population.
With the support of remote monitoring tech, patients can be discharged from hospital sooner to recover at home. This has been proven to free up hospital beds so clinicians can care for patients in the right place for them.
It was found that through a COVID-19 NHS virtual ward evaluation, the average length of bed days decreased from 5.5 to 3.3 once the virtual ward was implemented, helping to reduce bed days by 40.3%(4).
Through remote patient monitoring software, healthcare teams can spot signs of deterioration early and intervene before the patient’s condition gets worse. This can help to both reduce hospital admissions and re-admissions.
It was found in a study assessing the impact of remote monitoring technology on admission rates for people with chronic obstructive pulmonary disease (COPD), all cause admissions were reduced by 63.6%(5).
If you’d like to read more, you can view the rest of our data summary below. It delves into how remote monitoring technology can improve patient outcomes and save money for the healthcare system. Plus a real case study of how this technology was used to manage long term conditions in the UK.
(1) MarketsandMarkets, 2022. Home Healthcare Market by Product.
(2) NHS hospital bed numbers: past, present, future. The King’s Fund, 2021.
(3) Hospital beds per 1,000 people, 1960 to 2019. Our World in Data.
(4) Swift, J. et al, 2022. An evaluation of a virtual COVID-19 ward to accelerate the supported discharge of patients from an acute hospital setting. British Journal of Healthcare Management, 28(1), pp.7-15.
(5) Ghosh, S. et al. (2018) “A cost saving intervention for patients with severe breathlessness,” British Journal of Healthcare Management, 24(11), pp. 526–529.