Emerging Trends in Remote Patient Monitoring Devices Market to See Huge Growth in Future by 2030 | P&S Intelligence

The global remote patient monitoring devices market is witnessing significant growth due to the technological advancements in monitoring devices and increasing demand for reducing hospital readmission rates. The heart monitors segment leads the global remote patient monitoring devices market, due to high incidences of cardiovascular diseases and advancements for the development of ECG devices. In addition, the cardiovascular diseases segment is the largest application segment in the global remote patient monitoring devices market.

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The increasing mergers and acquisition in the remote patient monitoring devices industry is a key trend observed in the global remote patient monitoring devices market. The remote patient monitoring devices refer to the devices, which monitors the vital signs of the patients when they are away from the hospitals. The remote patient monitoring devices have several advantages, such as easy, fast and real-time monitoring, reduction in hospital readmission rates, reduced healthcare costs, and longtime data recording.

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Geographically, North America leads the global remote patient monitoring devices market, due to high healthcare expenditure, increasing adoption of EHR, growing demand for reduction in healthcare costs, technological advancements, large proportion of older population, and high prevalence of cardiovascular diseases. In addition, the legislative reform of Patient Protection and Affordable Care Act in the U.S. is also driving the growth of the global remote patient monitoring devices market in North America.

Asia-Pacific is the fastest growing region in the global ECG devices market. The fastest growth in in the region is attributed to the improving healthcare infrastructure, usage of EHR systems, growing healthcare expenditure, and high prevalence of chronic diseases. Moreover, the ECG devices market is growing rapidly, due to the increasing research and development activities, large geriatric population, and growing awareness about remote telemonitoring devices among patients and healthcare providers in the emerging economies of Asia-Pacific, such as India and China.

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