Remote Patient Monitoring Devices Market Future Scope, Business Opportunities, Competitive Landscape and Outlook to 2027

Remote Patient Monitoring Devices is defined as the technology is to enable patient care outside of traditional clinical settings, which will increase access to care and reduce healthcare costs. It also allows patients to maintain independence, avoid complications and reduce personal costs.

The demand for various health monitoring devices for maintain track of health status has increased significantly in the recent years. The use of handheld and wearable devices for monitoring vital signs has been high among the old age population as well as millennial. Owing to the growth in awareness regarding health, the market for remote patient monitoring devices is anticipated to witness significant growth during the forecast period.

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Most Prominent Key Players Operating in this Study Include:

Koninklijke Philips N.V., GE Healthcare, Boston Scientific Corporation, Omron Healthcare, Medtronic Plc., Welch Allyn, Resideo Technologies (Honeywell Life Care), Abbott Laboratories, Biotronik SE & Co. KG, Masimo Corporation and others.

Remote Patient Monitoring Devices Market is expected to grow at a CAGR of 9.3% and is projected to reach US$ 1,544.94 Million During 2019-2027 according to new research.

Our Report Helps to Provide:-

- Global analysis of Remote Patient Monitoring Devices market from 2019 – 2027 illustrating the progression of the market.

- Forecast and analysis of Remote Patient Monitoring Devices market by Dosage, Route of Administration and Application from 2019 – 2027

- Forecast and analysis of Remote Patient Monitoring Devices market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America

The report aims to provide an overview of Remote Patient Monitoring Devices market with detailed market segmentation by Dosage, Route of Administration, Application and geography. The global Remote Patient Monitoring Devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Remote Patient Monitoring Devices market players and offers key trends and opportunities in the market.

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.

Diabetes among geriatric population is a growing public health burden worldwide. It is a major cause morbidity and mortality in ageing population that later largely attributable to various chronic complications. Ageing population is poised to become one of the most significant transformation with a heavy impact on the social and economic level across the globe. These population is growing exponentially worldwide. According to a report of United Nation (2017), there were approximately 962 million people aged 60 or over across the globe in 2017 and was projected to reach to 425 million by 2050.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Remote Patient Monitoring Devices market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Remote Patient Monitoring Devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

MARKET SEGMENTATION ANALYSIS:

By Product

  • Vital Sign Monitors
  • Special Monitors

By Application

  • Cardiovascular Diseases Treatment
  • Cancer Treatment
  • Sleep Disorder Treatment
  • Diabetes Treatment
  • Weight Management & Fitness Monitoring

By End user

  • Hospitals & Clinics
  • Ambulatory Care Centers
  • Home Healthcare

The report analyzes factors affecting Remote Patient Monitoring Devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Remote Patient Monitoring Devices market in these regions.

Strategic Insights

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.

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Key Benefits of Buying this Research Study:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Remote Patient Monitoring Devices Market

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the Remote Patient Monitoring Devices Market, thereby allowing players across the value chain to develop effective long term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America. 

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Posted by on Friday August 16 2019, 4:02 PM EDT. All trademarks acknowledged. Filed under Healthcare, Life Sciences, Medical Devices. Comments and Trackbacks closed. Follow responses: RSS 2.0

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