The global size was USD 42.91 Billion in 2021 and is expected to register a revenue CAGR of 26.7% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by growing need for early detection of disease, which is an essential component of health promotion and disease prevention. In addition, early and timely intervention can help to save lives by identifying health issues when treatment can be most effective and yield the best possible results.
Telemonitoring, also known as Remote Patient Monitoring Trends, strives to enhance patient care through digital transmission of health-related data, which enhances patient-physician relationships and enables early detection of illness decompensation and management. Remote Patient Monitoring Trends processes use a variety of devices, such as blood glucose meters, heart monitors, blood pressure monitors, weight scales, and pulse oximeters, among others. These devices allow healthcare professionals to monitor patient health indicators between clinic visits and modify early treatment regimens as necessary, making them a useful tool for long-term chronic disease management. Moreover, Remote Patient Monitoring Trends is also helpful in identifying side effects of therapeutic treatments. Also, majority of doctors support storing patient monitoring data on cloud, which helps them to improve the system. Furthermore, transitioning data storage to cloud means data would be available to physicians at any time, thus facilitating early treatment.
The global Remote Patient Monitoring Trends market has significantly grown over the recent past and is expected to register rapid growth over the forecast period. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Remote Patient Monitoring Trends market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The globla Remote Patient Monitoring Trends market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Remote Patient Monitoring Trends market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers & acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Koninklijke Philips N.V., OMRON Healthcare, Inc., Medtronic, General Electric Company, Siemens Healthcare GmbH, Boston Scientific Corporation, F. Hoffmann-La Roche Ltd., Johnson & Johnson Services, Inc., ICU Medical, Inc., and Dexcom, Inc.
The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
§ Vital Sign Monitors
§ Pulse Oximeter
§ Temperature Monitor
§ Brain Monitoring (EEG)
§ Blood Pressure Monitor
§ Heart Rate Monitor (ECG)
§ Respiratory Rate Monitor
§ Special Monitors
§ Blood Glucose Monitor
§ Respiratory Monitor
§ Anesthesia Monitor
§ Cardiac Rhythm Monitor
§ Fetal Heart Monitor
§ Multi-Parameter Monitor (MPM)
§ Prothrombin Monitor
§ Cardiovascular Diseases
§ Sleep Disorders
§ Weight Management and Fitness Monitoring
§ Hospital-based Patients
§ Home Healthcare
§ Ambulatory Patients
The Remote Patient Monitoring Trends report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
§ North America (USA and Canada)
§ Europe (UK, Germany, France and the rest of Europe)
§ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
§ Latin America (Brazil, Mexico, and the rest of Latin America)
§ Middle East and Africa (GCC and rest of the Middle East and Africa)
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