Remote Patient Monitoring Devices Market Is Likely To Reach USD 1.9 Billion By 2025: Grand View Research, Inc.
Global remote patient monitoring devices market is
expected to reach USD 1.9 billion by 2025, according to a new report by Grand
View Research Inc. Remote patient monitoring devices, due to their capability
to monitor various chronic conditions such as diabetes, cardiovascular
conditions and cancer are expected to witness substantial growth over the
forecast period. Increasing incidences of cardiovascular diseases, rising
geriatric population base and the growing demand for independent and healthy
living by them are high impact rendering drivers for remote patient monitoring
devices market.
Moreover,
improving healthcare infrastructure, increasing post-acute care management and
growing focus of key market players on emerging economies is also expected to
fuel the growth of this market. Rapid technological advancement occurring in
remote patient monitoring devices market is expected to lead towards
availability of better option for healthcare practitioners and the patients,
thereby promoting the growth of remote patient monitoring devices market.
Remote
patient monitoring devices encompass a wide array of technologies designed to
manage, evaluate, notify, intervene and modify the treatment plan as required.
The
remote patient monitoring devices are most commonly used to slow the
progression of chronic disorders and enhance recovery after getting discharged
from an acute care unit. Remote patient monitoring technologies also alerts
caregivers for prompt intervention through any vulnerable condition.
U.S. remote
patient monitoring devices market, by product, 2014 – 2025
Browse full
research report on Remote Patient Monitoring Devices Market: http://www.grandviewresearch.com/industry-analysis/remote-patient-monitoring-devices-market
Further key
findings from the report suggest:
- Heart rate monitors are identified as the most
lucrative sub-segment with a significant growth rate of over the forecast
period owing to increasing incidences of cardiac related conditions
globally.
- Heart rate monitor segment accounted for a
significant market share in 2015. The rise in demand for home healthcare
and independent living by geriatric population are high impact rendering
drivers for remote patient monitoring devices market segment.
- Hospitals accounted for lucrative share in
2015. However, alternate sites for patient monitoring such as home
healthcare and ambulatory care are anticipated to witness lucrative growth
over the forecast period.
- North America accounted for more than 40.0% of
the remote patient monitoring devices market in 2015 on account of the
high demand for technologically advanced products. Presence of
sophisticated healthcare infrastructure along with high awareness level of
the patients regarding their health has led to the growth of overall
remote patient monitoring devices market.
- Asia Pacific market is expected to have high
growth potential for remote patient monitoring devices due to the presence
of large unmet needs in the emerging economies such as China and India.
Presence of suitable government initiatives to curb the deteriorating
environmental conditions and enhancing healthcare infrastructure in Japan
and Australia are also expected to attribute to the remote patient
monitoring devices market’s attractiveness.
- Key players of remote patient monitoring
devices market include Philips, Honeywell, American Telecare, Roche,
Philips Healthcare, Bosch, Biotronik, Intel, Welch Allyn, Health any where
Inc, Johnson & Johnson and Covidien Plc.
Browse more
reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global remote patient monitoring
devices market on the basis of products, application, end-use and region:
Global Remote
Patient Monitoring Devices Product Outlook (Revenue, USD Million, 2014 - 2025)
- Vital
Sign Monitors
- Blood
Pressure Monitor
- Pulse
Oximeters
- Heart
Rate Monitor (ECG)
- Temperature
Monitor
- Respiratory
Rate Monitor
- Brain
Monitor (EEG)
- Special
- Anesthesia
Monitor
- Blood
Glucose Monitor
- Cardiac
Rhythm Monitor
- Respiratory
Monitor
- Fetal
heart Monitor
- Prothrombin
Monitor
- Multi
Parameter Monitor (MPM)
- Others
(Ventilators, Infusion Pumps and Others)
Global
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Cancer
Treatment
- Cardiovascular
Diseases Treatment
- Diabetes
Treatment
- Sleep
Disorder Treatment
- Weight
Management and Fitness Monitoring
Global
End-Use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospital
based patients
- Alternate
Site Patient Monitoring
- Ambulatory
Patients
- Home
Healthcare
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Rest of
North America
- Europe
- Germany
- UK
- Rest of
Europe
- Asia
Pacific
- Japan
- China
- India
- Rest of
Asia Pacific
- Latin
America
- Brazil
- Mexico
- Rest of
Latin America
- Middle
East and Africa (MEA)
- South
Africa
- Rest of
Middle East and Africa
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-remote-patient-monitoring-devices-market
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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