The Global remote patient monitoring devices Market report endows you with the plentiful insights and business solutions that will help you attain the new horizons of success. The scope of this market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. While preparing report, markets on the local, regional and global level have been explored. The report is valuable for both customary and emerging market players in the industry and provides in-depth market insights. The Global remote patient monitoring devices Market report offers analysis of the top industry players, Strategic recommendations for the new entrants in this market, Company profiling with detailed strategies, financials, and recent developments, Supply chain trends mapping the latest technological advancements.
The report is helpful for future strategy development and to know about market drivers, restraints, opportunities and Global market size, share, Growth, Trends, It also helps to identify forthcoming investment opportunities, challenges, risks, threats, and obstacles in the Healthcare Analytics market and steer the business accordingly.
The global remote patient monitoring devices market accounted to US$ 712.21 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 - 2027, to account to US$ 1,544.94 Mn by 2027.
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The Asia Pacific remote patient monitoring devices market is expected to grow at highest rate during the forecast period owing increasing prevalence of chronic diseases, rising geriatric population and rising awareness regarding healthcare. In addition, emergence of new local players with competitive product portfolio are expected to fuel the market growth in Asia Pacific region.
Key Research Objectives:
Strategic acquisition and product launches were observed as the most adopted strategy in global remote patient monitoring industry. Few of the recent product launch, product approval and acquisitions are listed below:
2019: NewYork-Presbyterian Hospital and Philips team up for remote patient monitoring. The hospital’s affiliated doctors at Weill Cornell Medicine will utilize the Philips eCareCoordinator and eCareCompanion solutions. Additionally, its affiliated physicians at Columbia University Irving Medical Center anticipate using the tools
2017: Medtronic Care Management Services and American Well Entered into Partnership to Integrate Telehealth Capabilities. The partnership will enable the proper and accurate telehealth solution which aims to offer the needs of the chronic, complex, co-morbid population of the patient.
2016: Philips acquired Wellcentive, provider of population health management software solutions. The acquisition is aimed at expanding Philip’s population health management business.
Key Competitors: Global Remote Patient Monitoring Devices Market
• GE Healthcare
• Boston Scientific Corporation
• Omron Healthcare
• Medtronic Plc.
• Welch Allyn
• Resideo Technologies (Honeywell Life Care)
• Abbott Laboratories
• Biotronik SE & Co. KG
• Masimo Corporation
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Rising Prevalence of Chronic Diseases is expected to boost the market growth over the years
According to the report of American College of Cardiology Foundation, in 2018, Coronary heart disease (CHD) was the leading cause of deaths attributable to cardiovascular disease (CVD) in the US, which is followed by stroke (16.8%), high BP (9.4%), heart failure (HF) (9.0%), and other CVDs (17.9%). By 2035, approximately 130 million adults in the US population are projected to have some form of CVD. Thus, increasing geriatric population and related chronic diseases are expected to drive the sales of patient monitoring devices thereby propelling the growth of global remote patient monitoring devices market over the forecast years.
Rising Awareness Regarding Healthcare
With a rise in cases of chronic illnesses such as diabetes and hypertension, there has been a rise in awareness regarding ones health. Also, in recent days, there has been a significant rise in the number of individuals suffering from heart related disorders. These factors have led to increase in the importance of maintaining health among the population in the developed as well as the developing nations.
Global REMOTE PATIENT MONITORING – MARKET SEGMENTATION
• Special Monitors
• Cancer Treatment
• Sleep Disorder Treatment
• Diabetes Treatment
• Weight Management & Fitness Monitoring
By End user
• Ambulatory Care Centers
• Home Healthcare
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)
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