13 Jun 2019 - Global Remote
Patient Monitoring Market is
anticipated to grow at a significant CAGR of 15.66% in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Remote patient monitoring devices, as the name suggests, supports in the
monitoring of the patient’s physical state at a distance. The patient does not
need to visit the medical consultant. The factors that propel the growth of the
market include technological advancements, rise in the prevalence of chronic
diseases like diabetes and heart conditions, growing aged population across the
globe and increasing awareness among people. On the other hand, there are
factors that may hamper the growth of the market including lack of training,
high cost of device and unavailability of expert professionals.
The
remote patient monitoring market may be explored by condition, component,
application, end user and geography. The market may be explored by the
condition as chronic obstructive pulmonary disease (COPD), congestive heart
failure (CHF), diabetes, mental health, blood pressure, and others. Based on
the component, the market could span software and devices.
The
key applications that could be explored in the market include cardiovascular
diseases treatment, cancer treatment, diabetes treatment, weight management,
fitness monitoring and sleep disorder treatment and others. The “Heart rate
monitor” segment led the market in 2015 and will continue to lead in the
forecast period. The key factors that may be attributed to the growth of market
includes increase in the demand for home health care and independent living by
the aged population.
The
market could span as end user as home healthcare, hospital-based patients,
ambulatory patients, alternate site patient monitoring and others. The
“Hospital-Based Patients” segment led the market in 2017 and will continue to
lead in the forecast period. The key factor that may be attributed to the
growth of the market includes high demand.
North
America accounted for the major share of the remote patient monitoring market
in 2017 and will continue to lead in the forecast period. The factors that
could be attributed to the growth include technological advancements,
implementation of appropriate government initiatives in order to curb the
deteriorating environmental conditions and improved healthcare infrastructure.
North America is followed by the Asia-Pacific region.
Some
of the key players that fuel the growth of the remote patient monitoring market
comprise Honeywell, Philips, American Telecare, Philips Healthcare, Roche,
Bosch, Intel, Bortnick, Welch Allyn, Covidien Plc, Johnson & Johnson, and
Health anywhere Inc. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
Market Segment:
The following manufacturers are covered
in this report, with sales, revenue, market share for each company:
•
Biotronik
•
Boston Scientific Corporation
•
CAS Medical Systems
•
CONTEC MEDICAL
•
Dragerwerk
•
GE Healthcare
•
Guangdong Biolight Meditech
•
Medtronic
•
Mindray Medical
•
Nihon Kohden
•
Philips Healthcare
•
Spacelabs Healthcare
•
St. Jude Medical
Market size by Product
•
External Remote Patient Monitoring Devices
•
Implantable Remote Patient Monitoring Devices
Market size by End User
•
Hospital
•
Clinic
•
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