Remote Patient Monitoring Market is Estimated to Grow at 15.8% of CAGR by 2025 Forecast Research
The Global Remote Patient Monitoring Market 2019 Industry Research Report provide the details about Industry Overview by Product (External Remote Patient Monitoring Devices, Implantable Remote Patient Monitoring Devices) by End User (Hospital, Clinic, Homecare) & Region – Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025
October 30, 2019 /MarketersMedia/ —
The Global Remote Patient Monitoring Market was estimated to be valued at USD 576.06 million in 2017 and is expected to grow at a CAGR of 15.8% during the forecast period. In terms of volume, the market is estimated to be reach 17.22 million units in 2025 with a CAGR of 13.6% during the forecast period.
Remote patient monitoring is a technology which enables monitoring of patients outside the conventional healthcare settings. However, the incorporation of patient monitoring technology in chronic disease management can significantly improve a patient’s life.
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What you can expect from our report:
• Total Addressable Market [ Present Market Size forecasted to 2026 with CAGR ]
• Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
• Country wise Market Size Split [Important countries with major market share]
• Market Size Breakdown by Product/ Service Types – [ ]
• Market Size by Application/Industry verticals/ End Users – [ ]
• Market Share and Revenue/Sales of 10-15 Leading Players in the Market
• Production Capacity of Leading Players whenever applicable
• Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
• Pricing Trend Analysis – Average Pricing across regions
• Brandwise Ranking of Major Market Players globally
The market is primarily driven by the growing incidence of chronic diseases coupled with the increase in technological advancements in healthcare sector. In addition, the reduction in readmissions and hospitalizations might also supplement the market growth. Conversely, patient preference & adaptability might restrict the growth of the market.
The global remote patient monitoring market is primarily segmented based on product, end user and regions. Based on product the market is segmented into external remote patient monitoring devices and implantable remote patient monitoring devices. Based on end user the market is segmented into hospital, clinics and homecare.
Key players profiled in the report includes:
• Biotronik
• Boston Scientific Corporation
• Omron Healthcare, Inc.
• Honeywell Life Care Solutions
• AMC Health
• Medtronic
• InfoBionic
• Spacelabs Healthcare
• Abbott
• Biotricity
• …….
On the basis of product, the market is split into:
• External Remote Patient Monitoring Devices
• Implantable Remote Patient Monitoring Devices
On the basis of end user, the market is split into:
• Hospital
• Clinics
• Homecare
Moreover, the market is classified based on regions and countries as follows:
• North America- U.S., Canada
• Europe- U.K., France, Germany, Italy and Rest of Europe
• Asia-Pacific- China, Japan, India and Rest of Asia Pacific
• South America- Brazil, Mexico and Rest of South America
• Middle East & Africa- South Africa, Saudi Arabia and Rest of Middle East & Africa
Based on product, external remote patient monitoring devices dominated the market in 2017 and is expected to grow at a CAGR of 16.1% during the forecast period. This is owing to the ease of utilization of external devices with minimal complications. Thus, the population has actively adopted external remote patient monitoring devices for the management of diseases.
Further, based on end user, hospitals occupied maximum share in the market in 2017 and is expected to grow at a considerable growth rate. However, homecare segment is expected to grow at a higher CAGR during the forecast period owing to the steady adoption of remote patient monitoring devices especially in developing countries.
Based on region, North America dominated the market in 2017 owing to the well-established healthcare sector and the increase in chronic diseases in this region. However, Asia Pacific is expected to be the fastest growing region in the market owing to the availability of huge number of patients coupled with the increased awareness in developing countries such as India, China, South Korea and others.
Key Benefits of the Report:
• Global, regional, country, product, end user and market size and their forecast from 2015-2026
• Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
• Detailed analysis on industry outlook with market specific PESTLE, and supply chain to better understand the market and build expansion strategies
• Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
• Analysis on key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market
• Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
• Detailed insights on emerging regions product, end user and options with qualitative and quantitative information and facts
Target Audience:
• Remote Patient Monitoring Device Providers
• Traders, Importers, and Exporters
• Raw Material Suppliers and Distributors
• Research and Consulting Firms
• Government and Research Organizations
• Associations and Industry Bodies
Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
• Manufacturers
• Suppliers
• Distributors
• Government Body & Associations
• Research Institutes
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Table of Content
1. Executive Summary
2. Methodology and Scope
3. Remote Patient Monitoring Market— Market Overview
4. Remote Patient Monitoring Market by Solutions Outlook
5. Remote Patient Monitoring Market by Organization Size Outlook
6. Remote Patient Monitoring Market by Vertical Outlook
7. Remote Patient Monitoring Market Regional Outlook
8. Competitive Landscape
9. Company Profiles
10. Remote Patient Monitoring Manufacturing Cost Analysis
11. Key Insights
End of the report
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