New York, NY 30 April 2019:
The Report “Global Remote
Patient Monitoring Devices Market [By Product Type (Heart Rate
Monitors, Heart Monitors, Blood Pressure Monitors, Sleep Apnea Monitors, Breath
Monitors, Weight Monitors, Blood Glucose Monitors, Infusion Pumps, and Body
Temperature Monitors); By Application (Cancer Treatment, Cardiovascular
Diseases Treatment, Diabetes Treatment, Sleep Disorder Treatment, Weight
Management, and Fitness Monitoring); End User (Hospitals, Ambulatory Surgical
Centers, and Homecare settings); and By Regions]: Market size & Forecast,
2018 – 2025” The Global Remote Patient
Monitoring Devices Market Size is anticipated to reach over USD 1,882.75
Million by 2025 according to a new research published by Polaris Market
Research.
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Remote patient monitoring
technology comprises devices such as glucose meters, blood pressure monitoring
system, and other portable devices that are used by patients at a remote
location. Growing usage of smartphones and increasing the expansion of the
smartphone applications that are linked to the monitoring devices further helps
in transmitting and recording person’s health-related data to the healthcare
suppliers or specialists.
The rise in the implementation rate
of remote patient monitoring devices, increasing number of geriatric populations,
and growing incidence of patients suffering from different lifestyle diseases
are the major factor boosting the global remote patient monitoring devices
market. With the increasing development in wireless technology, such monitoring
devices are used to remotely monitor the physical parameters of the person such
as heart rate, blood pressure, blood glucose level, and provide proper
treatment if necessary. However, the high cost associated with this device,
stringent reimbursement guidelines and issues correlated with the government
regulations are some of the factors anticipated to hinder the global market
growth.
On the basis of product type, the
global Remote Patient Monitoring Devices Market is segmented into Heart Rate
Monitors, Heart Monitors, Blood Pressure Monitors, Sleep Apnea Monitors, Breath
Monitors, Weight Monitors, Blood Glucose Monitors, Infusion Pumps, and Body
Temperature Monitors. On the basis of product type, Heart rate monitor is
estimated to dominate the product segment owing to growing global incidences of
cardiovascular incidence. The increase in the number of people with cardiac
diseases has led to the augmented use of such monitoring devices.
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summary of this report with TOC on “Remote Patient Monitoring Devices Market by
Application and End User – Global Industry Analysis and Forecast to 2025” at: https://www.polarismarketresearch.com/industry-analysis/global-remote-patient-monitoring-devices-market
On the basis of application, the
global Remote Patient Monitoring Devices Market is segmented into Cancer Treatment,
Cardiovascular Diseases Treatment, Diabetes Treatment, Sleep Disorder
Treatment, Weight Management and Fitness Monitoring. In 2017, cardiovascular
disease treatment is estimated to dominate the market growth majorly owing to
the increasing incidences of cardiovascular diseases. On the basis of the end
user, the global Remote Patient Monitoring Devices Market is segmented into
Hospitals, Ambulatory Surgical Centers, and Homecare settings.
On the basis of region, the global
Remote Patient Monitoring Devices Market is segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. North
America was estimated to dominate the global Remote Patient Monitoring Devices
Market. The dominance is majorly attributed to the increasing occurrences of
chronic diseases, growing demand for wireless and portable systems, increased
level of healthcare spending, growing number of geriatric population, and
favorable reimbursement scenarios in this region.
However, Asia Pacific is expected
to dominate the global Remote Patient Monitoring Devices Market during the
forecast. Rising disposable income, high presence of untapped market
opportunities primarily in developing economies, advancement in technology,
supportive government initiatives are some of the factors expected to
significantly boost the Remote Patient Monitoring Devices Market in the Asia
Pacific.
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Some major key players in global
Remote Patient Monitoring Devices Market include Hoffmann-La Roche Ltd., AMD
Global Telemedicine, Honeywell International Inc., Omron Healthcare, Smiths
Medical, Medtronic among others. The object of the key market players is to
deliver better chronic care administration while keeping the cost low. In
addition, the companies are concentrating on producing easy-to-use monitoring
devices that can aid patients to accomplish conditions including diabetes or
heart diseases better by avoiding costly medical processes.
About
Polaris Market Research
Polaris Market Research is a global
market research and consulting company. The company specializes in providing
exceptional market intelligence and in-depth business research services for our
clientele spread across different enterprises. We at Polaris are obliged to
serve our diverse customer base present across the industries of healthcare,
technology, semi-conductors and chemicals among various other industries
present around the world. We strive to provide our customers with updated
information on innovative technologies, high growth markets, emerging business
environments and latest business-centric applications, thereby helping them
always to make informed decisions and leverage new opportunities. Adept with a
highly competent, experienced and extremely qualified team of experts
comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver
value-added business solutions to our customers.
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Polaris Market Research
Phone: 1-646-568-9980
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