Europe Remote Patient Monitoring Systems Market Outlook with Top Players Revenue Analysis of ABBOTT LABORATORIES, BAXTER, BOSCH MEDICAL, BOSTON SCIENTIFIC, CARDIOCOM, COVIDIEN

The Europe remote patient monitoring systems market is expected to witness a CAGR of 11.2% during the forecast period, 2018-2023. In recent years, UK has invested significantly in the remote patient monitoring, which is expected to boost the market in the coming years.

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Ease of Use and Portability Devices to Promote the Growth
Based on the new trend the home based healthcare devices has increased the demand for the remote patient monitoring due to the portability and compatibility. Many of the key players are focusing on developing the portable devices, such as continuous glucose monitoring devices and blood pressure monitors that patients can easily use at home. These devices prevent the stress in patients associated with hospitalizations and follow-up care, which helps in driving the remote patient monitoring systems market.
The other factors include rising incidences of chronic diseases due to lifestyle changes, Increase in aging population, need to contain healthcare expenditure and the demand for home-based monitoring devices.

Key Developments in the Market
June 2017: Baxter International Inc., presented new data demonstrating the abilities of its SHARESOURCE remote patient technology to improve peritoneal dialysis (PD) patient care and increase dialysis clinic efficiencies

Major players-
ABBOTT LABORATORIES, AMD SOUTH AMERICA TELEMEDICINE, BAXTER, BOSCH MEDICAL, BOSTON SCIENTIFIC, CARDIOCOM, COVIDIEN, GE HEALTHCARE AND HONEYWELL MED, amongst others.

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Resistance from Healthcare Industry Professionals towards the Adoption of Patient Monitoring Systems
The Remote Patient Monitoring systems pose threat to the entire hospital and healthcare set-up cost. To avoid the entire stress of hospitalization and follow-up care, patients may adopt these devices. This, in turn, reduces the expenditure of the hospital. Moreover, the doctors and healthcare professionals believe that patients after a surgical procedure or after the illness require sufficient amount of rest, which may not be available when they go back to their regular life. A hospital environment, on the other hand, ensures that the patient receives the required rest before they go back to their normal lives. This is another reason for the resistance of healthcare professionals in adopting the patient monitoring systems.
Other factors such as stringent regulatory framework and lack of proper reimbursement are also responsible for restraining the growth of Europe remote patient monitoring systems market.

UK Expected to Dominate the Market
In recent years, the UK has invested significantly in remote patient monitoring, which is expected to boost the market in terms of value, for both products and services associated with the industry.

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