Remote Patient Monitoring Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026 The global remote patient monitoring market is predicted to value over US$ 2 billion by the end of 2026 and record at a CAGR of over 12% during the forecast period of 2019-2026. Remote patient monitoring (RPM) is a specific technology used to obtain individual medical and data related to health-care and transmit it electronically to an expert located in any part of the world. RPM is used to remotely monitor, as the name suggests as well as analyze physiological parameters to examine the health and wellbeing of the patient who is being examined. These parameters point out the deficiencies and thus help to improve quality of life through early diagnosis. The monitoring can be done anywhere, even at the patients comfort at their respective houses reducing the number of emergency department visits, and the length and costs of hospitalization, thus making it a viable option. Remote patient monitoring devices facilitate collection of medical health data digitally and sends it across to different locations to garner recommendations and assessments from experts. The data is made into a mainstream tool to assist and guide patients in healthcare industry market research related decisions. RPM recognises the minute and smallest of physiological changes in a patient’s body and thus help prevent chronic heart diseases, diabetes, and respiratory diseases Early diagnosis helps make an informed decision as well as reduces multiple hospitalization and emergency costs. In the short- and long run, RPM technologies through efficient implementation can make quality healthcare quite accessible, and also employ fewer financial resources from both ends. The market would gain momentum in the developing regions mainly like Asia-Pacific, Africa, and Latin America. The large population consisting of a fair share of geriatric as well as undiagnosed patients due to industrialization and urbanization, considerable disposable incomes, all these factors play a role in the expanse of the RPM market. The government has also begun to recognise this cause and provided favourable initiatives through funds and thus the market holds lucrative business opportunities in the near future. Remote patient monitoring system, due to their capability to monitor and recognise almost all chronic conditions are expected to witness substantial growth. Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=105&page=requestsample Global Remote Patient Monitoring Market: Restraints > Shortage of trained professionals and experts > Maintenance of privacy and security threat of the medical data > Lack of regulations and standardisation > Lack of general awareness about monitoring systems By Device Type > Cardiac Rhythm Monitoring Devices > Pulse Oximeter > Respiratory Monitoring Devices > Blood Pressure Measuring Devices > Others By End User > Hospitals > Long Term Care Center > Homecare Settings The number of policies affecting the end user and the market thereafter have been implemented. The Patient Protection and Affordable Care Act, also known as Obamacare, was implemented under the Hospital Readmissions Reduction Program by U.S. The government was to impose penalties on hospitals. According to the Act,the government reduced medicare payment per patient by 1% for hospital readmission within 30 days after discharge, thereby, promoting the usage of remote patient monitoring devices by healthcare professionals. By Region > Europe > North America > APAC > Latin America > Rest of World The market would gain and grow in the developing regions of Asia-Pacific, Africa, and Latin America. The untreated patient population, progress, increased disposable incomes, favourable government initiatives, and awareness about RPM benefits are major factors that will guide the steady market growth in these regions. However, the installation of high-end technologies, especially in third-world countries and in the developing countries, such as India and China would slow down the rate a little. Purchase a Copy of this Premium Research Report & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=105&page=askfordiscount Competitive Landscape: > Tier 1 players- established companies in the market with a major market share > Tier 2 players > Emerging players which are growing rapidly > New Entrants Major market players such as Boston Scientific Corporation, Nihon Kohden, Medtronic Inc., Johnson & Johnson, and Omron Healthcare, have adopted collaboration with other firms as a strategy to expand. For reference, the firm of Medtronic collaborated with Qualcomm’s company in May 2016 to improve standards. To increase the technology’s usage and affordability was their aim. This can be achieved due to Medtronics market-leadership in diabetes management and Qualcomm Life’s expertise to develop reference designs for wireless and small integrated modules. On July 27, 2016, further, Boston Scientific completed the acquisition of Cosman Medical, Inc. This acquisition helped expand their product’s reach. Companies such as Apple and Google launched HITs to assist in medical research patient enrolment and patient-centred disease self-management. FutureWise Takeaways > Growth prospects > SWOT analysis > Key trends > Key data-points affecting market growth Objectives of the Study: > To provide an exhaustive analysis on the global remote patient monitoring market by device type, end-user and region > To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) > To evaluate and forecast micro-markets and the overall market > To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East > To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions > Profiling of companies to evaluate their market shares, strategies, financials and core competencies Table of Contents 1. Introduction 1.1. Scope and Objective 1.2. Assumptions and Acronyms 1.3. Forecast Factors 1.4. Research Methodology 2. Executive Summary 2.1. Industry Cluster Analysis 2.2. Competition Matrix 2.3. Strategies Recommendations 3. Market Definition 3.1. Report Scope (Inclusions & Exclusions) 3.2. Market Segmentation 4. Global Remote Patient Monitoring Market Overview 4.1. Global Remote Patient Monitoring Market Revenue (USD Mn) 5. Key Inclusions 5.1. Porter’s Five Force analysis 5.2. Market Dynamics 5.3. Industry Trends 5.4. Regulatory Guidelines 5.5. Opportunities in Remote Patient Monitoring 6. Competition Dynamics 6.1. Company Share Analysis (2018) 6.2. Top 10 Product Pricing by Region 7. Global Remote Patient Monitoring Market Revenue (USD Mn), 2018-2026 by Device Type 7.1. Key Market Findings 7.2. Long Term ROI Segments 7.3. Revenue Opportunity Influencing Factors 7.4. Market Revenue (USD Mn) Assessment and Forecast by Device Type, 2018-2026 7.4.1 Cardiac Rhythm Monitoring Devices 7.4.2 Pulse Oximeter 7.4.3 Respiratory Monitoring Devices 7.4.4 Blood Pressure Measuring Devices 7.4.5 Others 8. Global Remote Patient Monitoring Market Revenue (USD Mn), 2018-2026 by End User 8.1. Key Market Findings 8.2. Long Term ROI Segments 8.3. Revenue Opportunity Influencing Factors 8.4. Market Revenue (USD Mn) Assessment and Forecast by End User, 20182026 8.4.1 Hospitals 8.4.2 Long Term Care Center 8.4.3 Homecare Settings 9. Global Remote Patient Monitoring Market Revenue (USD Mn), 2018-2026 by Region 9.1. Key Market Findings 9.2. Long Term ROI Segments 9.3. Revenue Opportunity Influencing Factors 9.4. Market Revenue (USD Mn) Assessment and Forecast by Region,2026 9.4.1 North America 9.4.2 Latin America 9.4.3 Europe 9.4.4 Asia Pacific 9.4.5 Rest of world 10. North America Remote Patient Monitoring Market Revenue (US$ Mn), 20182026 10.1. Key Market Findings 10.2. Long Term ROI Segments 10.3. Revenue Opportunity Influencing Factors 10.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 10.4.1 US 10.4.2 Canada 10.5. Market Revenue (USD Mn) Assessment and Forecast by Device Type, 2018-2026 10.5.1 Cardiac Rhythm Monitoring Devices 10.5.2 Pulse Oximeter 10.5.3 Respiratory Monitoring Devices 10.5.4 Blood Pressure Measuring Devices 10.5.5 Others 10.6. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026 10.6.1 Hospitals 10.6.2 Long Term Care Center 10.6.3 Homecare Settings 11. Latin America Remote Patient Monitoring Market Revenue (US$ Mn), 20182026 11.1. Key Market Findings 11.2. Long Term ROI Segments 11.3. Revenue Opportunity Influencing Factors 11.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 11.4.1 Brazil 11.4.2 Mexico 11.4.3 Argentina 11.4.4 Rest of Latin America 11.5. Market Revenue (USD Mn) Assessment and Forecast by Device Type, 2018-2026 11.5.1 Cardiac Rhythm Monitoring Devices 11.5.2 Pulse Oximeter 11.5.3 Respiratory Monitoring Devices 11.5.4 Blood Pressure Measuring Devices 11.5.5 Others 11.6. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026 11.6.1 Hospitals 11.6.2 Long Term Care Center 11.6.3 Homecare Settings 12. Europe America Remote Patient Monitoring Market Revenue (US$ Mn), 20182026 12.1. Key Market Findings 12.2. Long Term ROI Segments 12.3. Revenue Opportunity Influencing Factors 12.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 12.4.1 Germany 12.4.2 France 12.4.3 Spain 12.4.4 UK 12.4.5 Russia 12.4.6 Poland 12.4.7 Rest of Europe 12.5. Market Revenue (USD Mn) Assessment and Forecast by Device Type, 2018-2026 12.5.1 Cardiac Rhythm Monitoring Devices 12.5.2 Pulse Oximeter 12.5.3 Respiratory Monitoring Devices 12.5.4 Blood Pressure Measuring Devices 12.5.5 Others 12.6. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026 12.6.1 Hospitals 12.6.2 Long Term Care Center 12.6.3 Homecare Settings 13. Asia Pacific America Remote Patient Monitoring Market Revenue (US$ Mn), 2018-2026 13.1. Key Market Findings 13.2. Long Term ROI Segments 13.3. Revenue Opportunity Influencing Factors 13.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 13.4.1 Emerging Asia 13.4.1.1 China 13.4.1.2 India 13.4.1.3 ASEAN-5 13.4.1.4 Rest of Emerging Asia 13.4.2 Japan 13.5. Market Revenue (USD Mn) Assessment and Forecast by Device Type, 2018-2026 13.5.1 Cardiac Rhythm Monitoring Devices 13.5.2 Pulse Oximeter 13.5.3 Respiratory Monitoring Devices 13.5.4 Blood Pressure Measuring Devices 13.5.5 Others 13.6. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026 13.6.1 Hospitals 13.6.2 Long Term Care Center 13.6.3 Homecare Settings 14. Rest of World America Remote Patient Monitoring Market Revenue (US$ Mn), 2018-2026 14.1. Key Market Findings 14.2. Long Term ROI Segments 14.3. Revenue Opportunity Influencing Factors 14.4. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026 14.4.1 Middle East 14.4.2 South Africa 14.4.3 North Africa 14.4.4 Rest of World 14.5. Market Revenue (USD Mn) Assessment and Forecast by Device Type, 2018-2026 14.5.1 Cardiac Rhythm Monitoring Devices 14.5.2 Pulse Oximeter 14.5.3 Respiratory Monitoring Devices 14.5.4 Blood Pressure Measuring Devices 14.5.5 Others 14.6. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026 14.6.1 Hospitals 14.6.2 Long Term Care Center 14.6.3 Homecare Settings 15. Company Profiles 15.1. Competition Landscape 15.2. Global Company Share (USD Mn) Overview, 2018 15.3. Company Profiles 15.3.1 Boston Scientific Corporation 15.3.1.1 Corporate Overview 15.3.1.2 Financial Performance 15.3.1.3 Peer Comparison & 3C marketing equation 15.3.1.4 Company Strategy & Channel Management 15.3.2 Medtronic Plc 15.3.2.1 Corporate Overview 15.3.2.2 Financial Performance 15.3.2.3 Peer Comparison & 3C marketing equation 15.3.2.4 Company Strategy & Channel Management 15.3.3 Aerotel Medical Systems Ltd. 15.3.3.1 Corporate Overview 15.3.3.2 Financial Performance 15.3.3.3 Peer Comparison & 3C marketing equation 15.3.3.4 Company Strategy & Channel Management 15.3.4 Nihon Kohden Corporation 15.3.4.1 Corporate Overview 15.3.4.2 Financial Performance 15.3.4.3 Peer Comparison & 3C marketing equation 15.3.4.4 Company Strategy & Channel Management 15.3.5 Biotronik SE & Co. KG 15.3.5.1 Corporate Overview 15.3.5.2 Financial Performance 15.3.5.3 Peer Comparison & 3C marketing equation 15.3.5.4 Company Strategy & Channel Management 15.3.6 Masimo Corporation 15.3.6.1 Corporate Overview 15.3.6.2 Financial Performance 15.3.6.3 Peer Comparison & 3C marketing equation 15.3.6.4 Company Strategy & Channel Management 15.3.7 General Electric Company 15.3.7.1 Corporate Overview 15.3.7.2 Financial Performance 15.3.7.3 Peer Comparison & 3C marketing equation 15.3.7.4 Company Strategy & Channel Management 16. Research Sources & Primary Verbatim Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. 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The global remote patient monitoring market is predicted to value over US$ 2 billion by the end of 2026 and record at a CAGR of over 12% during the forecast period of 2019-2026. Remote patient monitoring (RPM) is a specific technology used to obtain individual medical and data related to health-care and transmit it electronically to an expert located in any part of the world.
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