Press release
Remote Patient Monitoring Systems Market Business Scenario 2021- St. Jude Medical Inc. (US), Aerotel Medical Systems (Israel), LifeWatch AG (Switzerland), Mindray North America (US), Medtronic Plc (Ireland), AMD Global Telemedicine, Inc. (US)
The Latest report about the Remote Patient Monitoring Systems market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Remote Patient Monitoring Systems market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.Request a Free Sample Copy of the Report
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: St. Jude Medical Inc. (US), Aerotel Medical Systems (Israel), LifeWatch AG (Switzerland), Mindray North America (US), Medtronic Plc (Ireland), AMD Global Telemedicine, Inc. (US), Honeywell Life Care Solutions (US), Nihon Kohden Corporation (Japan), GE Healthcare Ltd. (UK), Intelesens Ltd. (UK), Philips Healthcare (Netherlands), Abbott Laboratories (US), Boston Scientific Corporation (US), Masimo Corporation (US), Omron Healthcare, Inc. (US), Qualcomm Life, Inc. (US), Welch Allyn, Inc. (US)
Market Overview
These multi-parameter remote monitoring devices are used not only by medical professionals but also by the health-conscious population, as sleep and activity monitors fall in these categories. The increased death rate due to chronic diseases across the developed countries, such as the United States, and the developing countries, raises awareness among people to use early and easy monitoring devices.
As per the American Heart Association, 2020 Heart Disease and Stroke Statistical Update Fact Sheet, globally, in 2017, an estimated 126.5 million people had ischemic heart disease, and it was more prevalent in males than in females (68.5 and 57.9 million people, respectively). Furthermore, the high capability to monitor various chronic conditions, such as cardiovascular conditions, is expected to fuel the demand for remote patient monitoring systems.
The market players adopted various strategies such as product launches, product developments, collaborations, and expansions to increase their market revenue. For instance, in December 2019, Masimo Corporation received the United States FDA approval for the Neonatal RD SET Pulse Oximetry Sensors.
News and Recent Developments
In July 2020, Philips and BioIntelliSense entered a strategic collaboration to enhance remote patient monitoring solutions. Philips integrated the latter's BioSticker device into its remote patient monitoring (RPM) portfolio that monitors chronic conditions.
In July 2020, BioTelemetry acquired the On.Demand remote patient monitoring (RPM) platform operated by Envolve People Care Inc., which is a Centene Corporation subsidiary. This acquisition expands chronic remote patient monitoring solutions to BioTelemetry's current suite of acute care connected health products and services, focusing specifically on diabetes, hypertension, and chronic heart failure.
Remote Patient Monitoring Systems Market is projected to reach USD 117.1 billion by 2025 from USD 23.2 billion in 2020, at a CAGR of 38.2% between 2020 and 2025.
Remote Patient Monitoring Systems Market Segmentation:
Breakdown Data by Type
Heart Monitors
Breath Monitors
Hematology Monitors
Multi-Parameter Monitors
Other Types of Devices
Remote Patient Monitoring Systems Breakdown Data by Application
Cancer Treatment
Cardiovascular Diseases
Diabetes Treatment
Sleep Disorder
Weight Management and Fitness Monitoring
Other Applications
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Remote Patient Monitoring Systems market, covering important regions, viz, North America, Europe, China, and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
Strategic Points Covered in TOC:
The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Remote Patient Monitoring Systems industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
Remote Patient Monitoring Systems market research includes the methodical description of the various factors such as the market growth and detailed information about the different company's revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.
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Remote Patient Monitoring Systems Analysis and Strategies Carry Out as below:
The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Remote Patient Monitoring Systems market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Remote Patient Monitoring Systems market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Remote Patient Monitoring Systems Market report.
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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Irfan Tamboli (Head of Sales) - Market Insights Reports
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irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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