Remote Patient Monitoring Devices Market Evolving Technology and Growth Outlook 2021 to 2027 | Key Players are Koninklijke Philips N.V., Medtronic Plc., Nihon Kohden Corporation, Welch Allyn, Abbott Laboratories

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.

The remote patient monitoring devices market by product is segmented into vital sign monitors and special monitors. In 2018, the special monitors segment held a largest market share of 79.5% of the remote patient monitoring devices market, by type in 2018. This segment is also expected to dominate the market in 2027 owing to its advantages of the cardiac rhythm remote patient monitors and respiratory monitors. Moreover, the vital sign monitors segment is anticipated to witness the significant growth rate of 9.9% during the forecast period, 2019 to 2027 owing to improvement in operation, performance, utility, handling, sensitivity, & reducing size of the device, and growing hospital infrastructure and home care infrastructure in the patient monitoring and care market.

Key factors driving the market are rising prevalence of chronic diseases, increasing geriatric population, and rising awareness regarding healthcare. However, factors such as, unaddressed regulatory concerns and security and privacy concerns are likely to restrain the market growth to a certain extent.
Some of the prominent players operating in remote patient monitoring devices market are, Koninklijke Philips N.V., Medtronic Plc., Nihon Kohden Corporation, Welch Allyn, Abbott Laboratories, GE, Honeywell, Boston Scientific Corporation, F. Hoffmann-La Roche AG, American Telecare Inc., Johnson & Johnson, Biotronik SE & Co. KG, Masimo Corporation and Omron Healthcare. The market players are focused towards bringing new and innovative products to sustain their position in the market. For instance, in May 2018, Boston Scientific have launched the HeartLogic Heart Failure Diagnostic system in Europe. It is the first and only diagnostic tool that enables proactive heart failure (HF) care in Europe. The developments performed by the companies are helping the market to grow in the coming years.

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REMOTE PATIENT MONITORING – 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

Global Remote Patient Monitoring Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Asia Pacific (APAC)
Japan
China
India
Middle East & Africa (MEA)
U.A.E
Saudi Arabia
South Africa
South and Central America (SCAM)
Brazil

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Table of Contents:
Introduction
Key Takeaways
Research Methodology
Remote Patient Monitoring Devices Market Landscape
Remote Patient Monitoring Devices Market – Key Market Dynamics
Remote Patient Monitoring Devices Market – Global Market Analysis
Remote Patient Monitoring Devices Market – Revenue and Forecasts to 2027 – Product Type
Remote Patient Monitoring Devices Market – Revenue and Forecasts to 2027 – Application
Remote Patient Monitoring Devices Market – Revenue and Forecasts to 2027 – Compound
Remote Patient Monitoring Devices Market Revenue and Forecasts to 2027 – Geographical Analysis
Industry Landscape
Remote Patient Monitoring Devices Market, Key Company Profiles
Appendix

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