iData Research anticipates the Asia-Pacific patient monitoring market to exceed $598m by 2017.
Growth is being driven by efforts of healthcare facilities to reduce costs and compensate for staff shortages by using technology to increase patient mobility and discharge patients sooner.
The Australian home telehealth market witnessed the highest growth in revenues of over 90% in 2010, followed by the Japanese wireless ambulatory telemetry market.
The report states that wireless telemetry monitoring in the Asia-Pacific region was primarily utilized in cardiac care-related areas in 2010.
However, expansion of telemetry to other hospital departments that previously did not have monitoring, many of which are low-acuity settings, is expected to drive growth in this market by 2017.
iData CEO Kamran Zamanian said as healthcare providers in Australia begin to recognize the benefits of remote monitoring, the telehealth market will see strong growth through 2017.
"In contrast, the South Korean and Japanese telehealth markets were still developing in 2010 and 2011, due to constrained healthcare budgets and a lack of awareness. However, the necessary infrastructure needed for telehealth is now in place in these countries facilitating the uptake of remote monitoring in the home environment," Zamanian said.
