Global Remote Patient Monitoring expected to grow at a significant CAGR of 15.66% by 2022
5-dec-2018 As the scope and its applications are rising enormously across the globe. Remote patient monitoring (RPM) also termed as homecare telehealth is a type of ambulatory health care, which allows a patient to use a mobile medical device to perform a routine test and transmit the test data to a healthcare professional. It may comprise daily monitoring devices like glucose meters.
The factors that are playing a major role in the growth of remote patient monitoring market are government initiative in several countries and increasing awareness among populace regarding the advantages of remote monitoring, growing occurrence of chronic diseases, and availability of technologically enhanced products. However, the high cost of monitoring devices may restrain overall market growth in the years to come. Remote patient monitoring market is segmented based on device, product type, end-user, application, and region.
Respiratory monitors, vital signs monitor, heart rate monitors, glucose monitor, blood pressure monitor, and other devices could be explored in remote patient monitoring in the forecast period. Implantable, vital signs, and other product types could be explored in remote patient monitoring in the forecast period. Vital signs sector may account for the significant market share of remote patient monitoring and is estimated to lead the overall market in the years to come.
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The market may be categorized based on end users like homecare, hospitals & clinics, ambulance, ambulatory surgical center, and others that could be explored in the forecast period. Based on applications like mental illness, cardiovascular diseases and blood pressure, diabetes, respiratory disorders, and others could be explored in remote patient monitoring in the forecast period.
Remote patient monitoring market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, North America may account for the substantial market share of remote patient monitoring and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of enhanced health care system. The United States is a major consumer of remote patient monitoring in this region.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise rising investment in R&D sectors in this region.
The key players of remote patient monitoring market are Medtronic, Abbott Laboratories, Koninklijke Philips, Boston Scientific, GE Healthcare, Qualcomm Life, Inc., Philips Healthcare, and OSI Systems, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
About Remote Patient Monitoring
Remote patient monitoring refers to the provision of healthcare services that make use of mobile medical devices to perform routine tests. The data is then sent to a healthcare professional in real-time.
Covered in this report
The report covers the present scenario and the growth prospects of the global remote patient monitoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• GE
• Koninklijke Philips
• Abbott
• Boston Scientific
• Medtronic
Market driver
• Cost benefits of remote patient monitoring
• For a full, detailed list, view our report
Market challenge
• Reimbursement issues
• For a full, detailed list, view our report
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-remote-patient-monitoring-market-2018-2022
Market trend
• Rise of cloud computing solution
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
The factors that are playing a major role in the growth of remote patient monitoring market are government initiative in several countries and increasing awareness among populace regarding the advantages of remote monitoring, growing occurrence of chronic diseases, and availability of technologically enhanced products. However, the high cost of monitoring devices may restrain overall market growth in the years to come. Remote patient monitoring market is segmented based on device, product type, end-user, application, and region.
Respiratory monitors, vital signs monitor, heart rate monitors, glucose monitor, blood pressure monitor, and other devices could be explored in remote patient monitoring in the forecast period. Implantable, vital signs, and other product types could be explored in remote patient monitoring in the forecast period. Vital signs sector may account for the significant market share of remote patient monitoring and is estimated to lead the overall market in the years to come.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-remote-patient-monitoring-market-2018-2022/request-sample
The market may be categorized based on end users like homecare, hospitals & clinics, ambulance, ambulatory surgical center, and others that could be explored in the forecast period. Based on applications like mental illness, cardiovascular diseases and blood pressure, diabetes, respiratory disorders, and others could be explored in remote patient monitoring in the forecast period.
Remote patient monitoring market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, North America may account for the substantial market share of remote patient monitoring and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of enhanced health care system. The United States is a major consumer of remote patient monitoring in this region.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise rising investment in R&D sectors in this region.
The key players of remote patient monitoring market are Medtronic, Abbott Laboratories, Koninklijke Philips, Boston Scientific, GE Healthcare, Qualcomm Life, Inc., Philips Healthcare, and OSI Systems, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
About Remote Patient Monitoring
Remote patient monitoring refers to the provision of healthcare services that make use of mobile medical devices to perform routine tests. The data is then sent to a healthcare professional in real-time.
Covered in this report
The report covers the present scenario and the growth prospects of the global remote patient monitoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• GE
• Koninklijke Philips
• Abbott
• Boston Scientific
• Medtronic
Market driver
• Cost benefits of remote patient monitoring
• For a full, detailed list, view our report
Market challenge
• Reimbursement issues
• For a full, detailed list, view our report
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/global-remote-patient-monitoring-market-2018-2022
Market trend
• Rise of cloud computing solution
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
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