Remote Patient Monitoring Devices Market 2021: Demand Analysis, Key Players, Trends, Sales, Supply, Deployment Model, Segments, Organization Size, Production, Revenue Data & Forecast to 2027

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 Asia Pacific remote patient monitoring devices market is expected to grow at highest rate during the forecast period owing increasing prevalence of chronic diseases, rising geriatric population and rising awareness regarding healthcare. In addition, emergence of new local players with competitive product portfolio are expected to fuel the market growth in Asia Pacific region.

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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.

Company Profiles
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

Research study is a highly acclaimed resource that investors, market contestants, and other people interested in this Remote Patient Monitoring Devices report can use to intensely position themselves in the global Remote Patient Monitoring Devices market. It mentions the recent developments structures, future growth plans, and other significant aspects of the business key participants that define their growth in the global Remote Patient Monitoring Devices market.

Remote Patient Monitoring Devices Industry research report is a meticulous investigation of the current scenario of the Remote Patient Monitoring Devices global and regional market, which covers several industry dynamics. The Remote Patient Monitoring Devices market research report is a resource, which provides current as well as upcoming technical and financial details with market risk, growing demand and raw materials. The thorough analysis in this report enables investors, CEOs, regional traders, suppliers, top vendors to understand the market in a better way and based on that knowledge make well-informed decisions.

The global remote patient monitoring devices market, based on product is segmented vital sign monitors and special monitors. In 2018, the special monitors segment held the largest share of the market, by product. This segment is also expected to dominate the market in 2027 owing to increasing technological advancements. Moreover, the special remote patient monitoring segment is anticipated to witness the significant growth rate of 9.1% during the forecast period, 2019 to 2027 owing to rising investments in patient monitoring devices segments from medical devices companies.

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