Africa Remote Patient Monitoring Market Analysis

The Africa Remote Patient Monitoring Market size stood at around xx Bn in 2023 and is projected to reach US $xx Bn by 2033, exhibiting a CAGR of xx% during the forecast period.

The Africa Remote Patient Monitoring Market Executive Summary

RPM is a type of telehealth, whereby the healthcare provider uses digital medical equipment like weight scales, blood pressure monitors, pulse oximeters, and blood glucose meters to monitor patients away from health facilities. These data collected from these devices are then electronically transferred to providers for care management. Leveraging on feedback mechanisms, feedback and work flows can be created within data collection and out of range values or suspicious values can be reported.
RPM involves the use of devices like wearables, home monitors, and implantable sensors that originate, consolidate, and transmit health data to healthcare providers for real-time or intermittent monitoring. It also enhances patients’ involvement, increases the chances of early diagnosis of illnesses, and decreases overall healthcare expenditures, particularly in relation to chronic conditions. However, RPM encounter issues such as data security, technology, and compatibility with existing healthcare systems. Amid continuing growth in the fields of artificial intelligence, machine learning, and integration of telehealth, RPM could bring patient care to a new level of individualized and preventive.

Africa Remote Patient Monitoring Market Dynamics

Market Growth Drivers

The global RPM market has a very bright future, given the increasing incidence of chronic illnesses, the aging population, and the effects of covid-19 which enhance the popularity of remote care. RPM has improved through IoT and tools like sensors that offer RPM capabilities, so health care can monitor and act promptly when necessary. Expanding reimbursement policies and enhanced investments coupled with an orientation to cost management and optimization are further encouraging the broader application of RPM systems, therefore, rendering them mandatory for contemporary healthcare and improved patient outcomes. 

Opportunity

Modern and high-end devices for wearables extend continuous health tracking and patient involvement; artificial and machine learning optimise data analysis and individualized medical care. Integration with telehealth services facilitates the continuity and provision of virtual care, and potential exists to expand the use of RPM to new use cases, including mental health and post-surgery recovery. Altogether, these driving forces contribute to advancing the trends of RPM technologies and improving healthcare accessibility and effectiveness. 

Market Restraints

Preserving data confidentiality is critical because losses can increase patients’ distrust and affect RPM’s adoption. Moreover, insufficient reimbursement policies continue to pose barriers on accessibility and utilization of RPM by practitioners due to cumbersome billing procedures. Data sharing and communication can also be impeded by problems with compatibility, where integration of different healthcare systems and devices may present problems. Another factor is low digital literacy, especially among elder patients and caregivers, which hinders successful application of RPM technology. 

Competitive Landscape for Remote Patient Monitoring Market in Africa

Key Players

• American Telecare
• Roche
• Philips Healthcare
• Bosch
• Intel
• Health anywhere Inc
• Johnson & Johnson

Recent Developments

July 2024, Remote Patient Monitoring, TMC US. TeleMedCare Launched Chronic Patient Remote Monitoring with a Leading Insurance Provider in the U.S.

May 2024, LG launched Primefocus Health for providers to deliver home healthcare. The venture will leverage new technologies and therapies for remote patient monitoring to ease provider burnout and allow patients to receive more personalized care.

January 2024, Blue Spark Technologies Launched Innovative Multi-Vital Remote Patient Monitoring Platform – VitalTraq™. From Patch to Platform – VitalTraq sets a new standard in patient-centred vital sign digital measurements with revolutionary AI contactless technologies.

January 2024, Pylo Health Launched Next Generation of Cellular-Connected Remote Patient Monitoring Devices.

October 2023, Launch of RICOH Remote Patient Monitoring Enablement Designed to Help Ease Healthcare Staffing Challenges Amid Unprecedented Industry Burnout Crisis.

May 2023,Bayshore HealthCare Launched Vantage, a Remote Patient Monitoring Service to Transform Healthcare Delivery.

Mergers and Acquisitions

April 2024, OMRON Healthcare acquired luscii healthtech to advance and innovate remote patient-monitoring adoption at scale.

December 2023, CoachCare acquired Verustat to expand remote patient monitoring reach. The strategic move further strengthens CoachCare’s position in the rapidly growing RPM market

April 2023, Providence Launches Remote Patient Monitoring Program for Chronic Care. Providence has struck a new partnership with Cadence aimed at improving care quality and access through remote patient monitoring and virtual care resources.

March 2023, HeartBeam announced that it acquired substantially all assets from Livmor, which develops remote monitoring technology. Livmor, a digital health solutions company, provides a patient-engaging remote monitoring system for critical physiological biomarkers.

Healthcare Policies and Regulatory Landscape for Remote Patient Monitoring Market in Africa

Policy changes and Reimbursement scenario

Contemporary policy trends and amendments in reimbursement rates are fuelling Remote Patient Monitoring (RPM) initiatives. According to a report prepared by the Bipartisan Policy Centre released in January 2024, there is a need to enhance RPM plus cooperation between different parties. Recent healthcare changes include the American Medical Association altering new CPT codes to make billing easier and less confusing. Currently, Medicare covers RPM services, providing those with certain conditions access to RPM with a copayment, stressing its affordability. The pandemic made them less restrictive in terms of RPM accessibility by eliminating monitoring demands, and, more importantly, private insurance companies are now gradually moving towards offering range ‘virtual-first’ policies that incorporate RPM and telehealth into conventional treatment.