Remote Patient Monitoring Market: Latest Innovations, Recent Developments, Applications, Future Trends, Supply Chain Structure, Demands, Segmentation & Forecast To 2026
The global remote patient monitoring market is anticipated to reach a value of USD 1.9 billion by 2026, growing at a CAGR of 12.7% during the forecast period from 2020 to 2026.
Dallas, United States – April 22, 2021 /MarketersMedia/ —
Global Remote Patient Monitoring Market
The Remote monitoring systems provide a great help in the management of chronic disease, which includes the operations like quick diagnosis and warnings. The system also helps in keeping a track record of the patient’s conditions time to time. Chronic conditions contribute the maximum share of the healthcare sector. Time to time use of these remote monitoring systems can help in improvement of this situation. With the help of these systems the visit to hospitals at the time of minor convenience can be avoided. The remote monitoring systems are well known for the help they provide in the monitoring and management of the chronic diseases. With constant monitoring of patients health status the deadly situations can be avoided.
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The Global Remote Patient Monitoring Market has recorded a noteworthy boost in its growth rate over the past few years. The growth of the Remote monitoring systems industry is attributed by number of growth drivers. The healthcare sector has had a significant development due to the introduction of these systems. The warning and tracking feature provided by the remote monitoring system is gaining a significant amount of popularity worldwide providing boost to the demand of these systems. Old population is highly anticipated to fall victim for chronic diseases. The developments in the healthcare sectors over the time have give rise to the increase in geriatric population across the globe which in turn is propelling the growth of the industry.
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Various governments and healthcare organizations across the globe have been taking initiatives to promote the adoption of these monitoring systems owing to the numerous beneficial features they provide. These measures taken are anticipated to thrust the growth of the global Remote Patient Monitoring industry. In addition to that, the remote monitoring systems provide a great help in reducing the hospital stays and also provides optimum self-health management. These beneficial features provided might boost the demand for the systems. Furthermore, the rising awareness among people regarding healthcare has also been proven to be a growth driving aspect for the global industry.
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Major players operating in the global remote patient monitoring market are Nihon Kohden Corporation, Omron Corporation, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., OSI Systems, Inc., Welch Allyn, F. Hoffmann-La Roche Ltd., Smiths Medical, ALTEN Calsoft Labs, Abbott, Boston Scientific Corporation, American TeleCare, Dräger Medical, Honeywell Life Care Solutions, GE Healthcare, Johnson & Johnson Services, Inc., Masimo, Medtronic Plc and LifeWatch.
Key Segments of the Global Remote Patient Monitoring Market
Product Overview, 2016-2026 (USD Million)
• Vital Signs Monitors
o Heart Rate Monitors
o Blood Pressure Monitors
o Pulse Oximeters
o Respiratory Rate Monitors
o EEG Equipment
o Temperature Monitors
• Special Monitors
o Blood Glucose Monitors
o Anesthesia Monitors
o Cardiac Rhythm Monitors
o Respiratory Monitors (Spirometers & Capnographs)
o Prothrombin Monitors
o Multiparameter Monitors
o Fetal Heart Monitors
o Others
Application Overview, 2016-2026 (USD Million)
• Cardiovascular Diseases
• Diabetes
• Sleep Disorders
• Weight Management anf Fitness Monitoring
• Cancer
• Others
Usage Area Overview, 2016-2026 (USD Million)
• Institutional Care
• Home Care
Regional Overview, 2016-2026 (USD Million)
• North America
o U.S.
o Canada
• Europe
o Germany
o United Kingdom
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
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