An improvement in the healthcare sector in developing nations and advancement in technology, along with support from the government, has driven the demand for the market.
Market Size – USD 786.4 Million in 2019, Market Growth – CAGR of 14.1%, Market Trends –Surge in incidence of coronavirus.
The global Remote Patient Monitoring Market is forecast to reach USD 2.14 Billion by 2027, according to a new report by Reports and Data. The market in the past few years has witnessed an increase in demand owing to the growing penetration of the internet and the emergence of advanced technologies in the healthcare sector. Digital health has developed into a successful business, attracting several industries from the outside of healthcare.
Various factors have contributed to the growth of the industry. One of the major drivers for growing demand has been rapid technological advancements in different industries like artificial intelligence, which has, in turn, contributed to the growth of this industry. Apart from technological advancements, applicability, and convenience associated with the use of this service, have also acted as a significant contributing factor for this industry.
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The report provides a complete coverage of the recent mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others. To offer a clear understanding of the scope of the industry, competitive landscape and different progressive aspects are studied extensively in the report.
Key companies operating in the global market and profiled in the report include:
Abbott Laboratories, GE Healthcare, Omron Corporation, Medtronic PLC, Boston Scientific Corporation, Biotronik SE & Co. KG, Nihon Kohden Corporation, General Electric Company, Masimo Corporation, and Johnson and Johnson, among others.
The report further offers insights into company overviews, business landscape, production and manufacturing capacity, product portfolio, financial standing, global market position, gross profit margins, SWOT analysis and Porter’s Five Forces analysis for each company. The report also covers feasibility analysis and investment return analysis to offer deeper insights into market landscape and industrial chain.
Remote Patient Monitoring Market Segmentation:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Vital Sign Monitors
- Pulse Oximeters
- Temperature Monitor
- Brain Monitoring (EEG)
- Blood Pressure Monitors
- Heart Rate Monitor (ECG)
- Respiratory Rate Monitor
- Special Monitors
- Blood Glucose Monitors
- Respiratory Monitor
- Anesthesia Monitors
- Cardiac Rhythm Monitor
- Fetal Heart Monitors
- Multi-Parameter Monitors (MPM)
- Prothrombin Monitors
Application Outlook (Revenue, USD Billion; 2017-2027)
- Cardiovascular Diseases
- Sleep Disorders
- Weight management and Fitness Monitoring
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Hospital-based patients
- Home Healthcare
- Ambulatory Patients
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The report discusses in detail the geographical spread of the market in key regions of the world including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report studies the region expected to dominate market growth over the forecast period. The report also talks about the key factors such as supply and demand ratio, production and consumption patterns, consumer demands, technological advancement, research activities, and presence of key players that can influence vital parameters such as market size, market trends, market share, and revenue generation in each region.
Regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report utilizes advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and the data has been further validated and verified from industry experts, professionals, and research analysts. The report also offers strategic recommendations to key market players and novice players to overcome barriers and limitations and gain a robust footing in the market.
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