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Frost & Sullivan: Clinical Trial-based Evidence Vital to Obtain Venture Capital Funding for Wireless Patient Monitoring Technologies
Date:2/14/2013

afety regulations across different geographies could hinder widespread technology adoption.

Another major hurdle to the global uptake of WPM technology is the digital divide between the developed and developing countries. The lack of standardization of wireless data interfacing sensors and monitoring devices needs attention as soon as possible. Standardization among the different entities in the WPM market is necessary to improve interoperability among devices, choice of system assembly, and other related services.

Additionally, WPM companies need to back their technology with strong evidence-based clinical trials. It is important to document the technology's effectiveness, as investors need documented proof before investing.

"The WPM market needs to increasingly integrate evidence-based clinical trials and routine adoption of outcome measures as part of patient assessment," noted Mathew. "The pool of strong, positive data accumulated will encourage VCs to invest in WPM technologies."

The WPM system should have a simple user interface, be cost effective, and adhere to Health Insurance Portability and Accountability Act (HIPAA) laws for maintaining data security and health information confidentiality. Participants are also working toward providing an integrated suite of technologies including sensors, wireless infrastructure, user-friendly workflow process, collection of data in a central repository, and data analytics to use the accrued data to attract more investments.

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Wireless Patient Monitoring Technologies—Evaluation of Funding Prospects, a part of the Technical Insights subscription, evaluates the funding prospects of the WPM marke
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