The Future of Patient-Centric Care and Connected Health Services Remote Patient Monitoring Devices Market
The remote patient monitoring devices market is estimated to be valued at US$ 1,192.5 million in 2022 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis:-
· Strengths: Wireless and cloud-based technologies provide enhanced flexibility, convenience and scalability for remote monitoring of patients.
· Weaknesses: High upfront costs of devices and infrastructure involved; data privacy and security concerns regarding patient health records.
· Opportunities: Rising geriatric population and increasing prevalence of chronic diseases drives the need for remote care and management; growing investments in digital health innovations.
· Threats: Stringent regulatory standards for approval of remote monitoring devices; reluctance among some patients and healthcare providers regarding remote care approach.
Key Takeaways:-
The Global Remote Patient Monitoring Devices Market Demand is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period 2023-2030, due to increasing need for cost-effective healthcare delivery and growing adoption of telehealth solutions.
Regional analysis
North America dominates the global market, accounting for the largest revenue share, due to developed healthcare infrastructure, increased healthcare spending and favorable reimbursement policies supportive of remote monitoring. Asia Pacific is anticipated to exhibit the fastest growth over the forecast period supported by growing medical tourism, increasing disposable incomes and rising prevalence of chronic conditions in the region.
Key players
Key players operating in the remote patient monitoring devices market are Abbott Laboratories, GE Healthcare, Omron Healthcare, Medtronic PLC, Nihon Kohden, Smiths Medical, Philips Healthcare, F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Siemens Healthcare GmbH and Cerena Corporation. Major players are focusing on new product launches and strategic collaborations to expand their global footprint.
Read More - https://www.zupyak.com/p/3905381/t/remote-patient-monitoring-devices-market-connected-with-monitoring-adherence-trends
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian