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2017-03-13
Shipments of connected digital signs will reach 22.9 million in 2021
According to a new research report from Berg Insight, global shipments of connected digital signage displays are estimated to have grown by 19.7 percent to 10.5 million units in 2016. Market growth is driven by greater demand for digital signage solutions in all market verticals, technological advancements and a continued decline in prices. Shipments to the EU28+2 countries totalled an estimated 2.5 million units, whereas shipments to North America reached 3.0 million units. The Rest of World market accounted for the remaining 5.0 million units shipped in the year. Berg Insight forecasts that global shipments of connected digital signs will grow at a compound annual growth rate (CAGR) of 16.7 percent in the next five years to reach 22.9 million units by 2021. As a result, the number of connected digital signage displays in active use worldwide will grow at a CAGR of 18.3 percent from an estimated 37.6 million in 2016 to 87.2 million units in 2021. The digital signage industry is highly fragmented with a large number of companies active in the marketplace. As for other fragmented markets, consolidation is increasingly taking place among the industry vendors as the market matures, and the digital signage space has seen a large number of M&As over the past years involving various companies directly and indirectly active in this industry. “The most significant deal on the digital signage market in the past few years is STRATACACHE’s acquisition of Scala in 2016 which contributes to a broad global footprint and total revenues expected to surpass the billion dollar mark in the near-term”, said Rickard Andersson, Senior Analyst, Berg Insight. STRATACACHE has over the years done multiple acquisitions in the digital signage space and related fields, and the most recent example is Real Digital Media which was acquired in early 2017. “While the consolidation trend contributes to limiting the number of participants in the marketplace, there is also a continuous inflow of new players including start-ups eyeing the digital signage industry”, continued Mr. Andersson. He adds that one area where new companies will likely continue to emerge is new IoT software solutions for digital signage. “There are promising opportunities in this space for software solutions that make it easier to integrate various data sources and marketing channels with digital signage systems”, concluded Mr. Andersson.

2017-02-15
Berg Insight says remote patient monitoring revenues to reach € 32.4 billion in 2021
Revenues for remote patient monitoring (RPM) solutions reached € 7.5 billion in 2016, according to a new study released by Berg Insight. This includes revenues from medical monitoring devices, mHealth connectivity solutions, care delivery platforms and mHealth care programs. RPM revenues are expected to grow at a CAGR of 33.8 percent between 2016 and 2021, reaching € 32.4 billion at the end of the forecast period. Savings attributable to payers and care providers will by far exceed this amount as connected care solutions can allow better health outcomes to be achieved more cost efficiently. The new care models enabled by these technologies are often consistent with patients’ preferences of living more healthy, active and independent lives. The healthcare industry is advancing towards an age where connected healthcare solutions will be part of standard care practices. “All health related devices that can be connected will be connected and patient data management therefore becomes increasingly important”, says Anders Frick, Senior Analyst at Berg Insight. He describes how the line between medical devices and health gadgets becomes blurred and traditional as well as startup companies try to position themselves as important players in the ecosystem for mHealth data. National PHR systems, device manufacturing companies, independent app producers and tech giants such as Google, Apple and Microsoft are some of the stakeholders. Another major trend is the consumerization of medical-grade mHealth devices and apps. During 2016 hundreds of thousands of consumers have connected medical monitoring devices via their smartphones to cloud platforms. This marks a substantial shift that will open up new opportunities in the remote patient monitoring market in the coming years. “Payers and healthcare providers will have opportunities to take advantage of this trend, as consumers that already have started to use connected medical devices more easily can be onboarded onto new mHealth care programs”, concludes Mr Frick. The new mHealth study from Berg Insight also investigates the connected AED market. An automated external defibrillator (AED) is a portable electronic device that automatically diagnoses and corrects life-threatening heart problems in a patient. Yearly shipments of AEDs are around 500,000 units globally. Several vendors recently started to offer AEDs featuring built-in connectivity whereas others are only in the planning stage to add connectivity. Berg Insight estimates that about 10 percent of all AEDs sold this year will be connected, a percentage that will increase to 50 percent by 2021.

2017-02-08
Berg Insight says 7.1 million patients worldwide are remotely monitored
Berg Insight, the world’s leading M2M/IoT market research provider, today released new findings about the mHealth market. The number of remotely monitored patients grew by 44 percent to 7.1 million in 2016 as the market entered a growth phase fuelled by rising market acceptance in several key verticals. This number includes all patients enrolled in mHealth care programs in which connected medical devices are used as a part of the care regimen. Connected medical devices used for various forms of personal health tracking are not included in this figure. Berg Insight estimates that the number of remotely monitored patients will grow at a compound annual growth rate (CAGR) of 47.9 percent to reach 50.2 million by 2021. The two main applications are monitoring of patients with sleep therapy devices and monitoring of patients with implantable cardiac rhythm management (CRM) devices. These two verticals accounted for 80 percent of all connected home medical monitoring systems in 2016. “The number of remotely monitored sleep therapy patients grew by 70 percent in 2016, mainly driven by Resmed that has made connected healthcare a cornerstone of its strategy” says Anders Frick, Senior Analyst at Berg Insight. Other leading vendors in this segment are Philips Respironics and SRETT. The CRM market is led by companies such as Medtronic, Boston Scientific and St. Jude Medical (now Abbott) that included connectivity in CRM solutions more than a decade ago. Telehealth is the third largest segment with 0.50 million connections at the end of the year. Leading telehealth hub vendors include Tunstall Healthcare, Honeywell, Cardiocom, Philips and Qualcomm Life. All other device categories – including ECG, glucose level, medication adherence and others – stood for less than one million connections together. Cellular connectivity has already replaced PSTN and LAN as the de-facto standard communication technology for most types of connected home medical monitoring devices. The number of mHealth devices with integrated cellular connectivity increased from 3.0 million in 2015 to 4.9 million in 2016. The use of BYOD connectivity will increase the most during the next five years, with a forecasted CAGR of 109 percent. BYOD involves low costs, but cannot be used to reliably connect every patient. The technology will be most useful for patient-centric engagement programs in therapeutic areas such as diabetes and asthma that have younger patient demographics compared to many other chronic diseases. In fact, many of these patients will prefer to use their own smartphone as the interface instead of carrying around a dedicated device for remote monitoring.

2017-01-12
Berg Insight at Mobile World Congress 2017
Berg Insight will take part in the event in Barcelona that is held February 27-2 March 2017. There will be 5 analysts from Berg Insight at the event. Please contact us if you would like to take the opportunity to meet with us there. Click on the link below for more information about the event.
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2017-01-11
Berg Insight is hiring
We are expanding our office in Gothenburg and are looking for two additional analysts. Find out more about the available position on the link below (ad on Linkedin).
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