Remote Patient Monitoring Devices Market, by Product Type (Cardiac Monitors, Respiratory Monitors, Hematological Monitors, and Others), by Application (Cardiac Arrhythmia, Diabetes, Ischemic Disease, Hypertension, Sleep Apnea, Chronic Respiratory Diseases

Remote Patient Monitoring Devices Market, by Product Type (Cardiac Monitors, Respiratory Monitors, Hematological Monitors, and Others), by Application (Cardiac Arrhythmia, Diabetes, Ischemic Disease, Hypertension, Sleep Apnea, Chronic Respiratory Diseases, and Hyperlipidemia), by End User (Hospitals, Home Care Settings, Long-term Care Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Remote patient monitoring devices supports patient monitoring of vital signs (heart rate, blood pressure and others) without visiting medical practitioner. This devices are used to monitor patients, gathers medical data, and securely pass the data to the healthcare providers at other location for clinical review. The remote patient monitoring devices helps to control patient healthcare expenditure by reducing hospital stays, encourages patients to shift to self-care and avoid hospital readmissions with reliable diagnosis.

These remote patient monitoring devices allow real-time sharing that allows physicians to take vital decisions to ensure efficient treatment for various physiological parameters. These devices also increase patient engagement and allow patients to manage and understand their own health conditions

.Market Dynamics

Increasing adoption of patient monitoring devices has led to increasing number of product innovations and launches of patient monitoring devices, which is expected to drive the global remote patient monitoring devices market growth over the forecast period. For instance, in March 2019, VivaLNK, a provider of connected healthcare solutions launched its internet on things enabled medical wearable sensor platform (VivaLNK sensor platform). The platform has a range of sensors, edge computing technologies, and an Internet of Health Things (IoHT) data cloud. This platform captures human body information through biometrics, and delivers data of patient to computing devices and cloud software.

Key players are focused on adopting inorganic growth strategies such as mergers and acquisitions to expand their products offerings and strengthen their market position. For instance, in September 2019, Baxter International Inc., a medical products company, entered into an agreement to acquire Cheetah Medical, a provider of non-invasive hemodynamic monitoring technologies to expand Baxter International Inc.’s specialized patient monitoring portfolio. This is expected to drive the global remote patient monitoring devices market growth.

Increasing prevalence of chronic diseases is expected to propel the global remote patient monitoring devices market growth. For instance, according to the International Diabetes Federation (IDF) in 2021, approximately 573 million people aged (20-79 years) suffered from diabetes globally, of which 6.7 million people were reported to die due to diabetes. Moreover, according to the World Health Organization (WHO) August 2021, about 1. 28 billion people suffer from hypertension globally. Increasing prevalence of such health conditions is expected to boost the global remote patient monitoring devices market growth over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global remote patient monitoring devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022 – 2030), considering 2021, as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global remote patient monitoring devices market based on following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include, 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.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
• The global remote patient monitoring devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global remote patient monitoring devices market

Detailed Segmentation:

• Global Remote Patient Monitoring Device Market, By Product Type:
• Cardiac Monitors
• Respiratory Monitors
• Hematological Monitors
• Others
• Global Remote Patient Monitoring Device Market, By Application:
• Cardiac Arrhythmia
• Diabetes
• Ischemic Diseases
• Hypertension
• Sleep Apnea
• Chronic Respiratory Diseases
• Hyperlipidemia
• Global Remote Patient Monitoring Device Market, By End User:
• Hospitals
• Home Care Settings
• Long-term Care Centers
• Others
• Global Remote Patient Monitoring Market, By Region:
• North America
• By country
• U.S.
• Canada
• Europe
• By Country
• U.K.
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
• Asia Pacific
• By Country
• Australia
• India
• China
• Japan
• ASEAN
• South Korea
• Rest of Asia Pacific
• Latin America
• By Country
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East
• By Country
• GCC
• Israel
• Rest of Middle East
• Africa
• By Country
• South Africa
• Central Africa
• North Africa
• Company Profiles
• Abbott Laboratories.*
• Company Highlights
• Product Portfolio
• Financial Performance
• Recent Highlights
• Market Strategies
• GE Healthcare
• Omron Healthcare
• Medtronic PLC.
• Nihon Kohden
• Smiths Medical
• Philips Healthcare
• Hoffmann-La Roche Ltd.
• Koninklijke Philips N.V.
• Siemens Healthcare GmbH
• Cerena Corporation

“*” marked represents similar segmentation in other categories in the respective section.