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Global Remote Patient Monitoring Devices Market: Future and Technological Advancement 2025

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Remote patient monitoring devices supports patient monitoring of physical conditions without the need to visit a medical practitioner. Digital technology is used to monitor the patients, which gathers medical data that is securely passed to the heal
Global Remote Patient Monitoring Devices Market
Revenue Growth Predicted by 2017-2025
Global Remote Patient Monitoring Devices Market, By Product Type (Cardiac
Monitors, Respiratory Monitors, Hematological Monitors, Vital Signs Monitors),
Application (Cardiac Arrhythmia, Diabetes, Ischemic Diseases, Hypertension,
Sleep Apnea, Chronic Respiratory Diseases, Hyperlipidemia), End User
(Hospitals, Home Care Settings, Long-term Care Centers), and Geography Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Remote patient monitoring devices supports patient monitoring of physical conditions without the need
to visit a medical practitioner. Digital technology is used to monitor the patients, which gathers medical
data that is securely passed to the healthcare providers at another location for clinical review. The
remote patient monitoring devices helps to control patient costs by reducing hospital stays, empower
patients to shift from healthcare to self-care, avoid hospital readmissions and modify patient behavior
with reliable diagnosis. Remote patient monitoring devices allow for real-time sharing, allowing
physicians to take vital decisions to ensure efficient treatment for various physiological parameters.
Global Remote Patient Monitoring Devices Market is expected to gain steady traction in the
foreseeable future as the remote monitoring experience bring total solution with sophisticated webbased
technology
personalized
and
day-to-day
support.
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.
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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. The
patient monitoring devices are largely been validated as clinically effective tools for the management of
disease.
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.
The rise in the geriatric population, associated with high susceptibility to chronic diseases, increases
demand for home-based treatments, opinion based diagnosis of chronic diseases tests in rural areas is
expected to boost the global remote patient monitoring device market. The remote patient monitoring
device in Asia Pacific is expected to increase over the forecast period, owing to high population base
and the increasing purchasing power of the patients. The key players are acquiring smaller
organizations to improve their product portfolio and gain additional market share. The collaborations
between manufacturers, hospitals, and academic institutions are expected to establish a positively
impact the market growth.
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Author
ravikiran
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