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Remote Patient Monitoring Market 2021 Size, Industry Share Analysis, Scope, Growth, Trends, COVID-19 Outlook, Software, Industry Forecast, 2027
remote patient monitoring market
Global Remote Patient Monitoring Market size was $703 million in 2015 and is expected to grow at a CAGR of 17.0% to reach $2,130 million by 2027. North America and Europe are the most lucrative markets supplemented by factors, such as high purchasing power leading to rapid adoption of innovative technologies, increase in prevalence and incidences of chronic diseases in these region owing to the sedentary lifestyle, and established reimbursement policies along with the improved awareness.
Rising incidence of chronic diseases, and high-end technological advancements, have fueled the growth of the global remote patient monitoring market. On the other hand, unstable reimbursement regulations, and limited awareness about the technology have happened to curb the growth to some extent. However, growing developments in emerging markets have created a number of lucrative opportunities in the segment.
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By condition the CHF segment accounted for the largest revenue in 2015 and is expected to dominate during the study period. On the other hand, the diabetes segment is anticipated to grow at the fastest CAGR throughout 2015-2022. By component, the devices segment will be both the highest revenue generating and fastest growing segment of the global remote patient monitoring (RPM) market. Based on geography, U.S. contributed to the largest share in 2015 and is projected to be dominant till 2022. Simultaneously, Saudi Arabia market is anticipated to grow at the fastest CAGR of 21.3% throughout the period.
The key players profiled in the report include Boston Scientific Corporation, General Electric Company, Nihon Kohden Corporation, Johnson and Johnson and Omron Corporation Aerotel Medical Systems (1988) Ltd., Medtornic Plc, Masimo Corporation, Abbott Laboratories, and Biotronik SE & Co. KG. They have adopted a number of high-end strategies to retain a strong stand in the industry. The other players discussed in the value chain take in Jawbone, Microlife Corporation, SHL Telemedicine, Schiller AG, A&D Company Limited, Aipermon GmbH & Co. KG, Sorin Group, and Docobo Ltd.
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KEY BENEFITS
The global remote patient monitoring report provides an extensive analysis the current trends and highlighting the market potential from 2014 to 2022, in terms of value.
The market scenario is comprehensively analyzed with respect to the conditions and components.
Comprehensive analysis of the patents and clinical trials is provided to determine the prevailing opportunities.
Recent developments, key manufacturers, and the global remote patient monitoring market shares are listed in this report to analyze the competitive scenario of the market.
In-depth analysis of the market based on geography gives an understanding of the regional market, which assists in strategic business planning.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides a one-stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies the client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to aid the clients to turn into a prominent business firm.
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