FDA approval of BioIntelliSense's patient monitoring system signals major progress in remote patient monitoring market [Yahoo! Finance]
Boston Scientific Corporation (BSX)
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Source: Yahoo! Finance
BioDashboard system, aimed at enhancing hospital-based virtual care programmes and extending patient monitoring into the home. This development marks a significant step forward in remote patient monitoring (RPM), an area that became critically important during the Covid-19 pandemic, according to GlobalData, a leading analytics and data company. GlobalData forecasts that the RPM market will grow from $548.9m in 2020 to $760m by 2030, with a compound annual growth rate of 3.3% over the period. Major players in the RPM market include Boston Scientific, GE Healthcare, and Medtronic, as reported by GlobalData. As healthcare systems worldwide grappled with challenges brought on by the Covid-19 pandemic, the need for scalable, continuous patient monitoring became essential, particularly to support care beyond traditional hospital environments. RPM devices are thus poised to become a cornerstone of healthcare for patients around the globe. BioIntelliSense's innovative solution automates the
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