Remote Patient Monitoring Devices Market : Segmentation, Industry trends and Developments 2027

Remote patient monitoring devices are used for digital collection of a person’s medical health data from one location, and electronically transmit the information to health care providers in different location for recommendation and assessments. The monitoring devices collect wide range of healthcare data from the point-of-care testing, which includes blood pressure, blood oxygen levels, heart rates, electrocardiograms, and blood sugar. The data obtained through the devices is then transmitted to health professionals in facilities such as hospitals, intensive care units, and nursing facilities for further assessment.

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The global remote patient monitoring devices market is expected to witness significant growth over the forecast period, owing to increasing prevalence of disorders such as cardiac disorders, respiratory disorders, and others. For instance, according to the World Health Organization (WHO) 2017, one-third of ischemic heart diseases are attributable to high cholesterol. Increasing cholesterol levels is estimated to cause 2.6 million deaths (4.5% of total deaths) and 29.7 million with ill health. The remote patient monitoring device are easy-to-use and portable systems that assess the cholesterol levels and can help in controlling cholesterol levels, which can prevent serious heart diseases (as cholesterol is a major contributor in worsening heart conditions).

Key players are focused on launching new devices for patient monitoring, in order to meet unmet needs in the healthcare sector, which is expected to drive the global remote patient monitoring devices market growth. For instance, in February 2019, AT&T Inc., a U.S.-based multinational company launched a new smart watch, One Pulse, designed with telehealth and remote patient monitoring capabilities. This smart watch helps in monitoring real-time alerts for family and physicians, medication reminders, and prescription refills. It also provides medical records, which can be accessed through a cloud-based software and application programming interface that allows connectivity to any electronic health record platform.

Key players operating in the global remote patient monitoring devices market include Abbott Laboratories, GE Healthcare, Omron Healthcare, Medtronic PLC., Nihon Kohden, Smiths Medical, Philips Healthcare, F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., and St. Jude Medical.

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This release was published on openPR.