23-April-2019: The global remote patient monitoring system market
is expected to reach USD 1.8 billion by 2026, according to a new report by
Grand View Research Inc. It is projected to register a CAGR of 13.5% during the
forecast period. Remote patient monitoring system, due to their capability to
monitor various chronic conditions such as diabetes, cardiovascular conditions,
and cancer, are expected to witness substantial growth in demand. Increasing
incidence of cardiovascular diseases, rising geriatric population, and demand
for independent and healthy living are the high impact rendering drivers.
Moreover, improving healthcare
infrastructure, post-acute care management, and focus of key market players on
emerging economies is also expected to fuel the growth of the remote patient
monitoring system market. Rapid technological advancements are expected to lead
towards the availability of a better option for healthcare practitioners and
the patients, thereby promoting the growth.
Remote patient monitoring
system encompass a wide array of technologies designed to manage, evaluate,
notify, intervene, and modify the treatment plan as required. The remote
patient monitoring system are most commonly used to reduce the progression of
chronic disorders and to enhance recovery after getting discharged from an
acute care unit. These technologies also alert caregivers for prompt
intervention through any vulnerable condition.
In
depth research report on Remote Patient Monitoring System Market
Further
key findings from the report suggest:
· Heart
rate monitors is identified as the most lucrative segment with a significant
CAGR over the forecast period owing to increasing incidence of cardiac
conditions globally
· Hospitals
accounted for a lucrative market share in 2018. However, alternate sites for
patient monitoring such as home healthcare and ambulatory care are anticipated
to witness lucrative growth over the forecast period
· Asia
Pacific is expected to showcase high growth potential due to the presence of
large unmet needs in emerging economies such as China and India. Supportive
government initiatives to curb the deteriorating environmental conditions and
enhancing healthcare infrastructure in Japan and Australia are also expected to
propel the regional growth
· Key
players operating in the remote patient monitoring market include Philips;
Honeywell; American Telecare; Roche; Philips Healthcare; Bosch; Biotronik;
Intel; Welch Allyn; Health anywhere Inc.; Johnson & Johnson; and Covidien
Plc.
Grand View Research has
segmented the global remote patient monitoring System market on the basis of
product, application and end user:
Remote
Patient Monitoring System Product Outlook (Revenue, USD Million, 2015 - 2026)
· Vital
Sign Monitors
· Blood
Pressure Monitors
· Pulse
Oximeters
· Heart
Rate Monitor (ECG)
· Temperature
Monitor
· Respiratory
Rate Monitor
· Brain
Monitoring (EEG)
· Special
Monitors
· Anesthesia
Monitors
· Blood
Glucose Monitors
· Cardiac
Rhythm Monitor
· Respiratory
Monitor
· Fetal
Heart Monitors
· Prothrombin
Monitors
· Multi
Parameter Monitors (MPM)
· Others
Remote
Patient Monitoring System Application Outlook (Revenue, USD Million, 2015 -
2026)
· Cancer
· Cardiovascular
Diseases
· Diabetes
· Sleep
Disorder
· Weight
management and Fitness Monitoring
· Bronchitis
· Infections
· Virus
· Dehydration
· Hypertension
Remote
Patient Monitoring System End Use Outlook (Revenue, USD Million, 2015 - 2026)
· Hospital
Based Patients
· Ambulatory
Patients
· Home
Healthcare
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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