Telemedicine Tools and Software Providers Market, By Roots Analysis

The ability to remotely monitor patients using various consultation tools and software have revolutionized modern healthcare practices. The concept of monitoring patients over telephone can be traced back to the 1800’s. However, it was not until 1961, during the National Aeronautics and Space Administration (NASA) space mission, when remote physiologic monitoring of astronauts was efficiently required. Further, with the introduction of cloud computing in 1960s, the remote patient monitoring domain evolved at a significant pace, as these solutions were capable of enabling information sharing and analysis to carry out the process in a more robust manner. Since then, the domain has gained more popularity amongst patients and their caregivers owing to ease of use and cost-effectiveness.

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It worth highlighting that despite the various advantages offered, it was not until the COVID-19 pandemic that remote patient monitoring (RPM) solutions witnessed rapid adoption. During the pandemic, several regional governments endorsed the use of such solutions in order reduce low-importance or follow-up visits to hospitals and clinics and consequently, limit the spread of the virus. Further, various healthcare facilities, such as hospitals and clinics, have actively started monitoring and managing their patients remotely. At present, RPM solutions are complimenting conventional approaches to provide better and well-defined healthcare facilities to patients.
In order to determine the relative competitiveness of remote patient monitoring software