Remote Patient Monitoring Devices Market New Development to Digital Collection of Healthcare Data

Remote patient monitoring devices supports patient monitoring of vital signs (heart rate, blood pressure and others) without visiting medical practitioner. This devices are used to monitor patients, gathers medical data, and securely pass the data to the healthcare providers at other location for clinical review. The remote patient monitoring devices helps to control patient healthcare expenditure by reducing hospital stays, encourages patients to shift to self-care and avoid hospital readmissions, with reliable diagnosis.

These remote patient monitoring devices allow real-time sharing that allows physicians to take vital decisions to ensure efficient treatment for various physiological parameters. These devices also increase patient engagement and allow patients to manage and understand their own health conditions.

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Key players are focused on getting approvals for new products from regulatory bodies to expand their product offerings. For instance, in April 2019, Current Health, a healthcare company, received Class II clearance for an artificial intelligence (AI)-based wearable remote patient monitoring platform (RPM), from the U.S. Food and Drug Administration (FDA) for post-acute care. It can be used in both hospital setting and home care setting. Key players are focused on collaborations to offer innovative remote patient monitoring devices.

For instance, in July 2019, three telehealth vendors such as Henry Schein Medical, Medpod, and Uber Health teamed up, to provide a new technology to hospitals and health systems for carrying out diagnosis, and examination on remote patients and accessing their data anytime anywhere. This will help healthcare providers to diagnose their patients in any emergency situations such as natural disasters, accidents, and battlefields, or locations like oil rigs, cruise ships, island communities, and others. Moreover, manufacturers are focusing on increasing customer reach for generating more revenue, which is expected to drive global remote patient monitoring devices market growth.

For instance, in July 2019, NavCare, a division of US CareNet have begun testing My Sophi Remote Patient Monitoring devices, in a direct selling business model (Business to Customer) in the Central Savannah River (CSRA), Augusta, Georgia area. The retail website, MySophi.com is offering 24/7 health monitoring services. Increasing demand for technologically advanced healthcare products in medical care for enhancing patient care management is expected to boost global remote patient monitoring devices market growth over the forecast period.

For instance, in August 2019, Atlanta-based Emory University launched remote patient monitoring study to determine whether a mHealth wearable (an ECG patch) can help in improving patient care management for patients suffering from coronary artery disease. The wearable ECG patch is developed by California-based VivaLNK Company. Moreover, according to the Stanford Center for Sleep Sciences and Medicine 2017, around 30 million people suffer from sleep deprivation and sleep disorders called, sleep apnea. Sleep apnea can cause serious health consequences by increasing the risk of diabetes, hypertension, and heart attack if left untreated. In July 2019, Healthcare providers such as ResMed, SRETT, and Philips Respironics are focused on adopting mHealth technology and using it for making continuous positive airway pressure (CPAP) therapy to help doctors and patients to monitor breathing problems such as obstructive sleep apnea (OSA).

The report provides a detailed analysis of the major market players along with an overview of their business, expansion plans, and strategies. The main actors examined in the report 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.

Detailed Segmentation:

Global Remote Patient Monitoring Devices Market, By Product Type:
Cardiac Monitors
Respiratory Monitors
Hematological Monitors
Others
Global Remote Patient Monitoring Devices Market, By Application:
Cardiac Arrhythmia
Diabetes
Ischemic Diseases
Hypertension
Sleep Apnea
Chronic Respiratory Diseases
Hyperlipidemia
Global Remote Patient Monitoring Devices Market, By End User:
Hospitals
Home Care Settings
Long-term Care Centers
Others

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Table of Contents

Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Industry Trend
Mergers and Acquisitions
Technology Overview
Promotion Initiatives
Regulatory Scenario
Reimbursement Scenario
Epidemiology
PEST Analysis

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