Explore Remote Patient Monitoring Market Trends and industry analysis to 2022: Top Key Players are General Electric Company, Boston Scientific Corporation, Medtronic Plc, Nihon Kohden, Abbott Laboratories, Masimo Corporation, Johnson and Johnson, Omron Co

Global Remote Patient Monitoring Market Overview:

Remote patient monitoring (RPM) is a technology used to collect medical and health data from one location and send it electronically to a healthcare provider at another location. RPM allows you to remotely monitor and analyze physiological parameters, such as oxygen levels in the blood, vital signs, blood pressure, heart rate, and blood glucose, improving the quality of care and patient life. This reduces the number of visits to the emergency room and the length of stay in the hospital. This is due to the large population of undiagnosed patients, better access to health systems and the high risk of developing chronic diseases due to rapid urbanization. In addition, the increase in the incidence of chronic diseases, such as diabetes and COPD, is responsible for the high growth rate.

Global Remote Patient Monitoring Market Size:

According to Research Cosmos, The Global Remote Patient Monitoring Market was USD XX Million in 2017 and is expected to reach USD XX Million by the year 2022.

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Drivers and Restraints:

Chronic heart disease, cancer and chronic respiratory diseases are the leading cause of death and morbidity in the world. The management of chronic care represents 75% of health costs. The increase in the prevalence of severe diseases places a huge financial burden on caregivers. Here, RPM technologies come into play and identify small changes in the patient's physiological data and promote self-control. Therefore, it reduces re-admissions and avoids preventable hospitalizations. In addition, these technologies reduce the number of unnecessary medical trips and reduce the travel costs necessary to receive quality medical care. In the short and long-term, with the right implementation, RPM technologies can increase access to quality care, and save time and money. According to the WHO, the main causes of death in 2012 were cardiovascular diseases, respiratory diseases, such as asthma and chronic obstructive pulmonary diseases, and diabetes. These are the four main non-communicable diseases (NCDs), responsible for 82% of all deaths worldwide. Remote health surveillance technologies focus on serious chronic diseases, such as congestive heart failure (CHF), pulmonary fibrosis and diabetes, as they often lead to hospitalizations.

However, the cost of technology would be a pressing concern, particularly in third world countries and developing countries such as India and China. Key factors, such as lack of awareness and price limitations, are holding back the growth of the market in this region. However, the presence of untapped markets would stimulate market growth.

Geographical Insights:

The market would gain traction in the developing regions of Asia-Pacific, Africa and Latin America. The large population of undiagnosed patients, the rapid urbanization, the increase in disposable income, the improvement of public financing of health care and a greater awareness of remote patient monitoring technologies are key factors for the sustained growth of the market in these areas regions. The Russian industry of remote patient monitoring is expected to publish a high CAGR of 19.3% during the forecast period. In addition, the increased focus of remote patient monitoring providers in emerging markets such as the Asia Pacific and Latin America is primarily intended to contribute to market growth.

Biotronik SE & Co. KG, Aerotel Medical Systems Ltd., General Electric Company, Boston Scientific Corporation, Medtronic Plc, Nihon Kohden Corporation, Abbott Laboratories, Masimo Corporation, Johnson and Johnson, Aipermon GmbH & Co. KG, Omron Corporation, Docobo Ltd., Jawbone, Schiller AG, Microlife Corporation, and Sorin Group are the major players in the global market.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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