Press release
Remote Patient Monitoring Devices Market Expected To Be Worth US$0.98 bn by 2020
Remote patient monitoring enables remote monitoring of patient’s health and assists medical practitioners in deciding the treatment regimen and track the disease progression during treatment. Remote patient monitoring is effective in management of post acute care and chronic disease, monitoring of safety of the elderly patients and disease progression. Geriatric population is observed to be at a high risk of chronic diseases such as diabetes, hypertension, cardiovascular diseases and respiratory diseases. Thus, rising geriatric population propels the prevalence of chronic diseases leading to accentuate the growth of remote patient monitoring devices market globally. While on the other hand, lack of reimbursement coverage and data security concerns are the major factors that are observed to be hindering the growth of the global remote patient monitoring devices market.
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The executive summary of the report comprises market snapshot of the global remote patient monitoring devices and comparative analysis by geography in terms of value % for 2013 and 2020. The global remote patient monitoring devices market has been segmented based on types of devices that are commercially available: heart monitors, breath monitors, physical activity monitors, hematology monitors, multi-sign monitors and others. Heart monitors segment has been sub-segmented into ECG monitors, heart rate monitors, fetal heart monitors, and blood pressure monitors. Breath monitors segment is further categorized as respiration rate monitors, spirometers, and sleep apnea monitors. Physical activity monitors segment has been sub-segmented into activity level monitors and weight monitors. Hematology segment has been further classified as blood glucose monitors and prothrombin time monitors. Others segment includes devices such as infusion pumps, ventilators and body temperature monitors. Market analysis and revenue forecast for all the above mentioned segments has been provided in the report, in terms of USD million from 2012 to 2020. The report also includes the compounded annual growth rate (CAGR %) for each end user segment (home healthcare and ambulatory care centers) for the forecast period from 2014 to 2020, considering 2013 as the base year.
The market overview section of the remote patient monitoring devices market report analyzes the market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the global remote patient monitoring devices market. Impact factors such as market attractiveness analysis by geography and Porter’s five forces (bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes and competitive rivalry) analysis of the global remote patient monitoring devices market have been provided in this section of the report. In addition, market share analysis of key players (value %) for the year 2013 has also been explained in the market overview section of the report in order to provide a thorough analysis of the overall competitive scenario in the global remote patient monitoring devices market. Furthermore, the report includes value chain analysis and regulatory framework analysis of the remote patient monitoring devices market.
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Geographically, the global remote patient monitoring devices market has been classified into four regions: North America, Europe, Asia Pacific and Rest of the World (RoW). The current and future market sizes (in terms of USD million) of the regional markets mentioned above have been provided in the report for the period from 2012 to 2020 along with the growth rate (CAGR %) for the period from 2014 to 2020. The study further offers recommendations for the remote patient monitoring devices market, which would be useful for existing and new players to sustain and grow in the market.
The remote patient monitoring devices market report concludes with the company profiles section that includes key information in terms of company overview, financial information, product portfolio, business strategies and recent development about the major players operating in the remote patient monitoring devices market. Detailed analysis of these companies is included in this section in order to give a thorough analysis of the overall competitive scenario in the global remote patient monitoring devices market. Key players profiled in the section include, Abbott Laboratories, Aerotel Medical Systems, Covidien plc, AMD Global Telemedicine, F. Hoffmann-La Roche Ltd., Honeywell HomMed LLC, Omron Healthcare and Smiths Medical.
The global remote patient monitoring devices market is segmented as follows:
Global Remote Patient Monitoring Devices, by Types
Heart Monitors
ECG
Heart rate monitors
Fetal heart monitors
Blood pressure monitors
Breath Monitors
Respiration rate monitors
Spirometers
Sleep apnea monitors
Physical Activity Monitors
Activity level monitors
Weight monitors
Hematology Monitors
Blood glucose monitors
Prothrombin time monitors
Multi-sign Monitors
Others (remotely monitored infusion pumps, Ventilators, etc.)
Global Remote Patient Monitoring Devices, by End Users
Home Healthcare
Ambulatory Care Centers
Global Remote Patient Monitoring Devices, by Geography
North America
Europe
Asia-Pacific
Rest of the World
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Table Of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Sources
1.3.1.1 Secondary Research
1.3.1.2 Primary Research
1.3.2 Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Remote Patient Monitoring Devices Market (2013 & 2020)
2.2 Global Remote Patient Monitoring Devices Market, by Types, 2013 (USD Million)
2.3 Comparative Analysis: Global Remote Patient Monitoring Devices Market, By Geography, 2013 & 2020 (Value %)
Chapter 3 Market Overview
3.1 Introduction and Market Definition
3.2 Event Impact Analysis
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Increasing prevalence of chronic diseases would drive the demand for remote patient monitoring devices
3.3.1.2 Growing geriatric population accentuates the uptake of patient monitoring devices for home use
3.3.1.1 Increasing economic burden on hospitals owing to hospital readmissions propels the adoption of remote patient monitoring
3.3.2 Restraints
3.3.2.1 Insufficiency in maintaining the privacy and security of the stored data would hinder the growth of remote patient monitoring devices market
3.3.3 Opportunities
3.4 Porters Five Force Analysis for the Global Remote Patient Monitoring Devices Market
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitutes
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Value Chain Analysis
3.6 Market Attractiveness Analysis: Global Remote Patient Monitoring Devices Market, by Geography, 2013
3.7 Competitive Landscape
3.7.1 Global Remote Patient Monitoring Devices Market Share Analysis, by Key Players, 2013 (Value %)
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