Remote Patient Monitoring Devices Market and Impact of COVID-19: Research Report By Koninklijke Philips N.V., Medtronic Plc., Nihon Kohden Corporation, Welch Allyn, Abbott Laboratories, GE, Honeywell, Boston Scientific Corporation, F. Hoffmann-La Roche AG

The Insight Partners analysts forecasts the latest report on “Global Remote Patient Monitoring Devices Market (Covid-19) Impact and Analysis by 2027”, according to report; The Remote Patient Monitoring Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Remote Patient Monitoring Devices Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Remote Patient Monitoring Devices Market.

The remote patient monitoring devices market accounted to US$ 712.21 Mn in 2018 and is expected to grow at a CAGR of 9.3% during the forecast period 2019 - 2027, to account to US$ 1,544.94 Mn by 2027.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Remote Patient Monitoring Devices Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology

The reports cover key developments in the Remote Patient Monitoring Devices Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

Some of the Major Market Players Are:

Koninklijke Philips N.V.
GE Healthcare
Boston Scientific Corporation
Omron Healthcare
Medtronic Plc.
Welch Allyn
Resideo Technologies (Honeywell Life Care)
Abbott Laboratories
Biotronik SE & Co. KG
Masimo Corporation

Strategic Insights

Strategic acquisition and product launches were observed as the most adopted strategy in global remote patient monitoring industry. Few of the recent product launch, product approval and acquisitions are listed below:

2019: NewYork-Presbyterian Hospital and Philips team up for remote patient monitoring. The hospital’s affiliated doctors at Weill Cornell Medicine will utilize the Philips eCareCoordinator and eCareCompanion solutions. Additionally, its affiliated physicians at Columbia University Irving Medical Center anticipate using the tools.

2017: Medtronic Care Management Services and American Well Entered into Partnership to Integrate Telehealth Capabilities. The partnership will enable the proper and accurate telehealth solution which aims to offer the needs of the chronic, complex, co-morbid population of the patient.

2016: Philips acquired Wellcentive, provider of population health management software solutions. The acquisition is aimed at expanding Philip’s population health management business.

MARKET SEGMENTATION

By Product

• Vital Sign Monitors
• Special Monitors

By Application

• Cardiovascular Diseases Treatment
• Cancer Treatment
• Sleep Disorder Treatment
• Diabetes Treatment
• Weight Management & Fitness Monitoring

By End user

• Hospitals & Clinics
• Ambulatory Care Centers
• Home Healthcare

The report analyses factors affecting the Remote Patient Monitoring Devices Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Remote Patient Monitoring Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Remote Patient Monitoring Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Remote Patient Monitoring Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Remote Patient Monitoring Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Remote Patient Monitoring Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Remote Patient Monitoring Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Market Insights

Rising Prevalence of Chronic Diseases is expected to boost the market growth over the years

Chronic diseases, including heart disease, stroke, diabetes, and obesity, are the leading causes of death in the world and account for most of the nation’s health care costs. According to report of CDC, in 2018, approximately more than 9% of the population has diabetes, which is the leading cause of kidney failure, lower-limb amputations in US. Moreover, the data also suggests that 1.5 million Americans are diagnosed with diabetes every year in the US. Similar trends for high presence of diabetes are prevalent around other geographies of the globe that include Asia Pacific, Europe, Middle East and Africa. For instance, according to IDF Diabetes Atlas published by the International Diabetes Federation in 2017, south-east Asia is home to approximately one-fifth (19%) of the total diabetes population worldwide.

According to the report of American College of Cardiology Foundation, in 2018, Coronary heart disease (CHD) was the leading cause of deaths attributable to cardiovascular disease (CVD) in the US, which is followed by stroke (16.8%), high BP (9.4%), heart failure (HF) (9.0%), and other CVDs (17.9%). By 2035, approximately 130 million adults in the US population are projected to have some form of CVD. Thus, increasing geriatric population and related chronic diseases are expected to drive the sales of patient monitoring devices thereby propelling the growth of global remote patient monitoring devices market over the forecast years.

Major Features of Remote Patient Monitoring Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Remote Patient Monitoring Devices market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Remote Patient Monitoring Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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