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Remote Patient Monitoring Devices And Equipment Market Trends, Top Major Players, Forecast To 2032
Remote Patient Monitoring Devices And Equipment Market Analysis
The Business Research Company's Remote Patient Monitoring Devices And Equipment Global Market Report 2023 identifies upcoming shortage of skilled healthcare professionals (doctors and nurses), as the major driver for the remote patient monitoring devices and equipment market's growth in the forecast period. As the number of patients with chronic diseases is increasing, it is getting difficult to monitor the patients due to operational time and cost-related issues. The rising number of patients with chronic diseases, increasing the need for monitoring, and projected shortfall in the number of nurses shortly increase the growth of remote patient monitoring devices and equipment.
The global remote patient monitoring devices and equipment market size will grow from $1.18 billion in 2022 to $1.34 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global remote patient monitoring devices and equipment market is expected to grow to $2.14 billion in 2027 at a CAGR of 12.5%.
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Major competitors in the remote patient monitoring devices and equipment market are Philips Healthcare, Honeywell, GE Healthcare, Medtronic, Boston Scientific, Johnson & Johnson, Biotronik.
A key trend in the remote patient monitoring devices and equipment market includes increasingly integrating IoT and wireless technology. Wireless sensor technology such as biosensor monitoring devices is multi-sensor systems implanted or embedded into the skin, consisting of a sensor that transmits data for real-time monitoring of a patient's medical condition. IoT technology enables healthcare service providers to remotely monitor patients' health parameters. These devices are miniaturized multi-sensing devices, aiding healthcare professionals to monitor blood pressure, blood glucose levels, and physiological parameters, and recommend the appropriate treatment. Major companies offering IoT and wireless sensor technology integrated patient monitoring devices include Xsensio, InSilixa, 1Drop Diagnostics, Kenzen.
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The remote patient monitoring devices and equipment market is segmented -
1) By Type Of Device: Heart Monitors, Breath Monitors, Haematology Monitors, Multi - Parameter Monitors
2) By End User: Home Care Settings, Clinics, Hospitals
3) By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Monitoring And Fitness Monitoring, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the remote patient monitoring devices and equipment market.
The Business Research Company's "Global Remote Patient Monitoring Devices And Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Remote Patient Monitoring Devices And Equipment Market Include:
1. Executive Summary
2. Remote Patient Monitoring Devices And Equipment Market Characteristics
3. Remote Patient Monitoring Devices And Equipment Market Trends And Strategies
4. Remote Patient Monitoring Devices And Equipment Market - Macro Economic Scenario
5. Remote Patient Monitoring Devices And Equipment Market Size And Growth
……..
26. Africa Remote Patient Monitoring Devices And Equipment Market
27. Remote Patient Monitoring Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Remote Patient Monitoring Devices And Equipment Market
29. Remote Patient Monitoring Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
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