Global remote patient monitoring devices market is expected to reach USD 1.9 billion by 2025,
according to a new report by Grand View Research Inc. Remote patient monitoring
devices, due to their capability to monitor various chronic conditions such as
diabetes, cardiovascular conditions and cancer are expected to witness
substantial growth over the forecast period. Increasing incidences of
cardiovascular diseases, rising geriatric population base and the growing
demand for independent and healthy living by them are high impact rendering
drivers for remote patient monitoring devices market.
Moreover, improving healthcare
infrastructure, increasing post-acute care management and growing focus of key
market players on emerging economies is also expected to fuel the growth of
this market. Rapid technological advancement occurring in remote patient
monitoring devices market is expected to lead towards availability of better
option for healthcare practitioners and the patients, thereby promoting the
growth of remote patient monitoring devices market.
Remote patient monitoring devices encompass
a wide array of technologies designed to manage, evaluate, notify, intervene
and modify the treatment plan as required.
The remote patient monitoring devices are
most commonly used to slow the progression of chronic disorders and enhance
recovery after getting discharged from an acute care unit. Remote patient
monitoring technologies also alerts caregivers for prompt intervention through
any vulnerable condition.
Browse full report by Grand View
Research :
Further key findings from the study suggest:
·
Heart rate monitors are identified as the
most lucrative sub-segment with a significant growth rate of over the forecast
period owing to increasing incidences of cardiac related conditions globally.
·
Heart rate monitor segment accounted for a
significant market share in 2015. The rise in demand for home healthcare and
independent living by geriatric population are high impact rendering drivers
for remote patient monitoring devices market segment.
·
Hospitals accounted for lucrative share in
2015. However, alternate sites for patient monitoring such as home healthcare
and ambulatory care are anticipated to witness lucrative growth over the
forecast period.
·
North America accounted for more than 40.0%
of the remote patient monitoring devices market in 2015 on account of the high
demand for technologically advanced products. Presence of sophisticated
healthcare infrastructure along with high awareness level of the patients
regarding their health has led to the growth of overall remote patient
monitoring devices market.
·
Asia Pacific market is expected to have
high growth potential for remote patient monitoring devices due to the presence
of large unmet needs in the emerging economies such as China and India. Presence
of suitable government initiatives to curb the deteriorating environmental
conditions and enhancing healthcare infrastructure in Japan and Australia are
also expected to attribute to the remote patient monitoring devices market’s
attractiveness.
·
Key players of remote patient monitoring
devices market include Philips, Honeywell, American Telecare, Roche, Philips
Healthcare, Bosch, Biotronik, Intel, Welch Allyn, Health any where Inc, Johnson
& Johnson and Covidien Plc.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global remote patient monitoring devices market on the basis of products,
application, end-use and region:
Global Remote Patient Monitoring Devices Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Vital Sign Monitors
o Blood Pressure Monitor
o Pulse Oximeters
o Heart Rate Monitor (ECG)
o Temperature Monitor
o Respiratory Rate Monitor
o Brain Monitor (EEG)
·
Special
o Anesthesia Monitor
o Blood Glucose Monitor
o Cardiac Rhythm Monitor
o Respiratory Monitor
o Fetal heart Monitor
o Prothrombin Monitor
o Multi Parameter Monitor (MPM)
o Others (Ventilators, Infusion Pumps and Others)
Global Application Outlook (Revenue, USD Million, 2014 -
2025)
·
Cancer Treatment
·
Cardiovascular Diseases Treatment
·
Diabetes Treatment
·
Sleep Disorder Treatment
·
Weight Management and Fitness Monitoring
Global End-Use Outlook (Revenue, USD Million, 2014 -
2025)
·
Hospital based patients
·
Alternate Site Patient Monitoring
·
Ambulatory Patients
·
Home Healthcare
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Rest of North America
·
Europe
o Germany
o UK
o Rest of Europe
·
Asia Pacific
o Japan
o China
o India
o Rest of Asia Pacific
·
Latin America
o Brazil
o Mexico
o Rest of Latin America
·
Middle East and Africa (MEA)
o South Africa
o Rest of Middle East and Africa
Access
press release by Grand View Research : https://www.grandviewresearch.com/press-release/global-remote-patient-monitoring-devices-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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