Global Remote Patient Monitoring Technology Market 2016-2024

New York, USA, 2018-Oct-12 — /EPR Network/ —Remote patient monitoring technology is an innovative solution for congestive heart failure (CHF), diabetes and pulmonary diseases. In 2012, as per the World Health Organization (WHO), 82% of deaths worldwide are caused due cardiovascular diseases, diabetes and chronic respiratory diseases including asthma and chronic obstructive pulmonary disease (COPD). Rising demand for home healthcare devices and equipment by the geriatric population is positively impacting on the growth of global remote patient monitoring devices market. Rising popularity of mobile health (m-Health) apps is driving the demand for remote patient monitoring solutions market. Nearly 40% of the market share of m-health is occupied by weight loss and management apps in 2016. Qualcomm is responsible for 47% reduction in heart failure readmissions attributed to remote patient monitoring.

According to Goldstein Research, global remote patient monitoring technology market is segmented on the basis of service, application, and end-user. Application segment is further categorized into cancer treatment, diabetes treatment, fitness and wellness monitoring and cardiovascular disease treatment. Cardiovascular disease treatment application segment generated a revenue share of 22% of remote patient monitoring solution market in 2016. Moreover, diabetes treatment application is anticipated to occupy 17% revenue share in global remote patient monitoring solutions market by the end of 2024.

Remote patient monitoring solution market analysis report covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others.

Our primary research team conducted various interviews, surveys and group discussions of industry liposuction device manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centres, medical research laboratories and academic medical centres and universities to analyze the future prospects of the overall healthcare industry.

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Market Segmentation

Global Remote Patient Monitoring Technology Segmentation can be classified on the basis of:

Based on Services

  • Telemedicine
  • Telecare
  • Telehealth
  • Other (eHealth, Digital Health)

Based on Application

  • Cancer Treatment
  • Diabetes Treatment
  • Fitness and Wellness Monitoring
  • Cardiovascular Disease Treatment

Based on End-User

  • Hospitals
  • Home Healthcare
  • Clinics
  • Others (Ambulatory Services)

By Geography

  • North America (US, Canada) Remote Patient Monitoring Technology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Remote Patient Monitoring Technology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) Remote Patient Monitoring Technology Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) Remote Patient Monitoring Technology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Remote Patient Monitoring Technology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Market Trends, Drivers & Challenges

Government investment in improving healthcare facilities and effective treatment is impelling the demand for remote patient monitoring solutions across the globe. Technological advancement in treatment facilities and internet of things (IoT) based connected devices is spurring the growth of remote patient monitoring solutions market globally. Rising frequency of chronic health issues mainly cardiovascular diseases, diabetes and respiratory problems are driving the adoption rate of remote patient monitoring solutions around the world. Growing health awareness and independent living among people is boosting the demand for remote patient monitoring devices. Lack of trained medical professionals to assist with remote monitoring devices for patients is expected to restrain the adoption rate of remote patient monitoring solutions. The high cost of remote patient monitoring systems and patient privacy concern are majorly hindering the growth of remote patient monitoring solutions.

“Global Remote Patient Monitoring Technology Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The market research report also includes competitive outlook of some of the major players profiling of companies such as Invacare Corporation, also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global remote patient monitoring technology market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on healthcare industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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sales@goldsteinresearch.com

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