Remote Patient Monitoring Projected to Exceed $8 Billion Globally by 2012
VENTURA, Calif., Jan. 8 /PRNewswire/ -- VivoMetrics, Inc., developer of LifeShirt(R), a continuous, integrated and wearable remote patient monitoring (RPM) system, announced today that president and chief executive officer Howard Baker will present at the Biotech Showcase on Wednesday, January 14, 2009 at the Marines Memorial Club and Hotel in San Francisco. Mr. Baker will discuss VivoMetrics' role in the expanding remote patient monitoring (RPM) and telehealth market.
According to Datamonitor, by 2012 the RPM market is expected to exceed $8 billion globally and serve over seven million patients in the United States and Europe. Numerous studies have shown that remote patient monitoring has the ability to curb costs and improve outcomes of patients with chronic diseases, with estimated potential savings of $200 billion over the next 25 years in the United States alone(1).
"We are delighted at the opportunity to showcase VivoMetrics' LifeShirt at Biotech," said Howard Baker, president and chief executive officer of VivoMetrics. "It is imperative that healthcare technology developments continue to adopt RPM solutions in order to provide wireless exchange of health information between patients and caregivers. The United States healthcare system needs cost effective solutions if it is to advance and provide quality care to patients."
A comfortable, non-invasive and fully integrated "smart garment," VivoMetrics' LifeShirt enables healthcare professionals and researchers to collect laboratory-quality physiological data from patients in the real-world settings where they live and work. LifeShirt continuously monitors vital life sign functions such as heart rate, respiration, posture, activity level and temperature which, when viewed in relation to one another, provide the most complete remote picture of a patient's health and well-being available today.
The 2009 Biotech Showcase provides privately held biotechnology companies, pharmaceutical executives and investors an opportunity to meet in one place during the course of the JP Morgan Annual Healthcare Conference. For more information, visit www.ebdgroup.com/tbs/.
VivoMetrics, Inc., founded in 1999 and based in Ventura, Calif., is a leading innovator in next generation remote patient monitoring (RPM) through the use of its proprietary LifeShirt(R) system. LifeShirt enables healthcare professionals and researchers to collect laboratory-quality physiological data from patients in the real-world settings where they live and work. A fully integrated, non-invasive "smart garment," LifeShirt continuously monitors vital life-sign functions such as heart rate, respiratory rate, body position, activity level and skin temperature which, when monitored and reviewed in relation to one another, create the most complete remote picture of a patient's health and well being available today. VivoMetrics has supported research and clinical trials using LifeShirt at nearly 300 leading research and academic institutions across a wide range of disease states, including sleep disordered breathing, congestive heart failure, chronic obstructive pulmonary disease and cystic fibrosis. For more information, visit www.lifeshirt.com.
This press release contains forward-looking statements, including but not limited to, those that refer to the company's future development plans. Actual results could differ materially from those anticipated due to numerous business, market and financial risk factors. The forward-looking statements in this press release represent our current views as of today and we disclaim any obligation to update these forward-looking statements in the future.
(1) Litan, Robert, Vital Signs via Broadband Health Monitoring Transmits Savings, Enhances Lives, October 2008, Web site: http://www.betterhealthcaretogether.org/study.
CONTACT: Vanessa Hughes of Porter Novelli Life Sciences, +1-310-444-7019,
firstname.lastname@example.org, for VivoMetrics, Inc.
Web site: http://www.ebdgroup.com/tbs/