Remote Patient Monitoring Market: Post COVID Growth Opportunity Analysis, Key Players | Koninklijke Philips, Medtronic, GE Healthcare, Cerner Corporation

According to the report, the global Remote Patient Monitoring market size is expected to reach $306.98 Billion by 2028 growing at the CAGR of 38.66% from 2021 to 2028. The major factors driving the growth of this market are the growing geriatric population and the growing need to expand healthcare access, the cost benefits of telehealth and remote patient monitoring, the benefits of RPM to reduce the burden on medical resources, advancements in telecommunications, rising incidences of chronic diseases, and increasing investments in telehealth and RPM. Regulatory differences across regions, healthcare fraud, and informal social media activities, on the other side, are projected to limit the market growth.

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The recently published research report on Global Remote Patient Monitoring Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Remote Patient Monitoring market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Remote Patient Monitoring market report also includes the following data points:
• COVID19 Impact on Remote Patient Monitoring market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Remote Patient Monitoring market

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Key Players
Some of the major Remote Patient Monitoring players holding high market share include companies Koninklijke Philips, Medtronic, GE Healthcare, Cerner Corporation. These players' acquisition and expansion key strategies to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• BioTelemetry Inc
• Koninklijke Philips
• Medtronic
• GE Healthcare
• Cerner Corporation
• Siemens Healthineers
• OMRON Healthcare
• Boston Scientific Corporation
• Abbott Laboratories
• Resideo Life Care Solutions

Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of c Market:
o Services & Software
o Devices

Market Segment By End-User with focus on market share, consumption trend, and growth rate of Remote Patient Monitoring Market:
o Providers
o Payers
o Others

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Global Remote Patient Monitoring Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

In 2020, North America dominated the market with a share of more than 40.0 %. The regional expansion is due to an increase in the incidence of chronic diseases, desire for wireless and portable devices, and the availability of sophisticated reimbursement arrangements aimed at reducing out-of-pocket costs.

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