Remote Patient Monitoring Devices Market to Gain a Stronghold by 2025

Remote Patient Monitoring Devices Market
Size, Share, Trend, Outlook, Future Growth
Analysis And Synthesis By 2025
Remote patient monitoring devices allow for digital collection of medical health data from one location
and electronically transmit the information to health care providers to another location for
recommendation and assessments. The monitoring devices collect wide range of healthcare data from the
point of care, which includes blood pressure, blood oxygen levels, heart rates, electrocardiograms, vital
signs and blood sugar. The data obtained through the devices is then transmitted to health professionals
in facilities such as hospitals, intensive care units and nursing facilities. Healthcare is revolutionized by
Health Information Technologies (HITs) by becoming mainstream tools to assist patients in decisionmaking and self-monitoring and consequently, driving a shift towards a care model centered on the use
of digital and web-based tools.
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The global remote patient monitoring devices market is estimated to be valued at US$ 856.8 million in
2017 and is expected to witness a CAGR of 7.1 % during the forecast period (2017 – 2025).
Market Dynamics
The market is gaining significant traction due to rising prevalence rate of hypertension and diabetes.
Management of these chronic conditions include a lifelong collaboration with the healthcare
professionals. According to the World Health Organization 2012, an estimated 1.5 million deaths were
directly caused by diabetes and another 2.2 million deaths were attributable to hyperglycemia or high
blood glucose levels. The technological innovations and developments of remote monitoring products are
contributing to the market growth. For instance, the FDA approval of CGM remote mobile
communications device Dexcom SHARE, an accessory of Dexcom G4 PLATINUM Continuous Glucose
Monitoring System, uses a secure wireless connection to transmit the glucose levels of a diabetic. With
Dexcom SHARE, the glucose data can be easily monitored by parents and personal caregivers from a
remote location.
Increasing prevalence of respiratory disorders drives the growth of remote patient monitoring devices
market
The remote patient monitoring devices market is expected to grow drastically owing to the
government regulations to control the rising healthcare costs, the technological innovations and
developments of efficient self-monitoring products. The Patient Protection and Affordable Care
Act, also known as Obamacare was implemented under the Hospital Readmissions Reduction
Program by U.S. government to impose penalties to hospitals. According to the penalty,
government had reduced up to 1% in the Medicare payment per patient for hospital readmission
within 30 days in 2013, thereby, accelerating the growth of remote patient monitoring devices
by the healthcare professionals. According to the Biomed Central Respiratory Research 2016,
asthma and chronic obstructive pulmonary disease (COPD) are common chronic obstructive lung
disorders characterized by variable airflow limitation and airway hyper responsiveness, affecting
over 25 million people in the U.S.
Report includes chapters which deeply display the following deliverable about industry :
• Remote Patient Monitoring Devices Market Research Objective and Assumption
• Remote Patient Monitoring Devices Market Purview - Report Description, Executive Summary,
and Coherent Opportunity Map (COM)
• Remote Patient Monitoring Devices Market Dynamics, Regulations, and Trends Analysis Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Remote Patient Monitoring Devices Market, By Regions
• Remote Patient Monitoring Devices Market Competition by Manufacturers including
Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and
Product Type.
• Remote Patient Monitoring Devices Market Manufacturers Profiles/Analysis including Company
Basic Information, Manufacturing Base and Its Competitors.
• Remote Patient Monitoring Devices Market Manufacturing Cost Analysis including Key Raw
Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Remote Patient Monitoring Devices Market Forecast including Production, Consumption,
Import and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Top Market Companies
Key companies covered as a part of this study include Abbott Laboratories, GE Healthcare, Omron
Healthcare, Medtronic, St. Jude Medical, Smiths Medical, Philips Healthcare, F. Hoffmann-La Roche Ltd.
And Kokinklijke Philips N.V. and St. Jude Medical.
Detailed Segmentation:
Global Remote Patient Monitoring Devices Market, By Product Type:
•
Cardiac Monitors
•
Respiratory Monitors
•
Hematological Monitors
•
Vital Signs Monitors
•
Others
Global Remote Patient Monitoring Devices Market, By Application:
•
Cardiac Arrhythmia
•
Diabetes
•
Ischemic Diseases
•
Hypertension
•
Sleep Apnea
•
Chronic Respiratory Diseases
•
Hyperlipidemia
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The global remote patient monitoring devices market is estimated to be valued at US$ 856.8 million in 2017 and is expected to witness a CAGR of 7.1 % during the forecast period (2017 – 2025).