Telemonitoring System Market - Size, Share, Trends, and Forecast, 2022 - 2028

Telemonitoring System Market - Size, Share, Trends, and Forecast, 2022 - 2028

Telemonitoring systems offer new ways for diagnosis and treatment of patients from distance. The technological advancements and fast-increasing communication capabilities are opening new growth opportunities in telehealth industry due to increasing prevalence of chronic conditions among elderly population, worldwide. Home care for patients with chronic conditions is becoming an important part of the new healthcare strategies in developed economies. Telemonitoring also has many advantages including financial benefits since patients do not have to pay for the cost of hospitalization and transportation.
Market Dynamics
Rising geriatric population, higher incidences of non-communicable diseases such as Alzheimer’s disease, cardiovascular disease, cancer, diabetes, metabolic disorders, and other mental health problems, which require prolonged treatment are expected to be the major factors driving the telemonitoring systems market growth during the forecast period. Moreover, less number of physicians and healthcare professionals also increases the demand for telemonitoring systems. For instance, according to the 2016 Physician Supply and Demand report released by the Association of American Medical College (AAMC), the significant physician shortfall in the U.S. is expected to reach 94,700, from 61,700 between 2014 and 2025.
However, lack of trained professionals in rural regions, privacy and information security concerns, and low availability of telecommunication bandwidth are the major factors restraining growth of the telemonitoring systems market. Significant privacy and security risks in telehealth systems can adversely affect patients’ and clinicians’ level of trust and willingness to adopt and use the system. For instance, home telemonitoring systems that are designed to detect falls, can collect and transmit information on personal activities that a patient wishes to keep private.
Key features of the study:

This report provides in-depth analysis of the telemonitoring system market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles key players in the global telemonitoring system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Abbott Laboratories, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, Inc., Cisco Systems, Inc., Care Innovations LLC, General Electric Company, Honeywell Life Care Solutions, InTouch Health, Koninklijke Philips N.V., McKesson Corporation, Medvivo Group Ltd., Medtronic Plc, Nihon Kohden, Siemens Healthineers AG, St Jude Medical, Tunstall Healthcare Group Ltd, and Vidyo, Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global telemonitoring system market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, suppliers, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

Global Telemonitoring System Market, By Component:

Hardware
Software

Global Telemonitoring System Market, By Mode of Delivery:

Web-based
Cloud-based

Global Telemonitoring System Market, By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Global Telemonitoring System Market, By Region:

North America

By Country:

U.S.
Canada

By Component:

Hardware
Software

By Mode of Delivery:

Web Based
Cloud Based

By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Europe

By Country:

U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe

By Component:

Hardware
Software

By Mode of Delivery:

Web Based
Cloud Based

By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Asia Pacific

By Country:

Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific

By Component:

Hardware
Software

By Mode of Delivery:

Web Based
Cloud Based

By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

By Component:

Hardware
Software

By Mode of Delivery:

Web Based
Cloud Based

By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Middle East

By Country:

GCC
Israel
Rest of Middle East

By Component:

Hardware
Software

By Mode of Delivery:

Web Based
Cloud Based

By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Africa

By Country:

South Africa
Central Africa
North Africa

By Component:

Hardware
Software

By Mode of Delivery:

Web Based
Cloud Based

By Application:

COPD Monitoring
Blood Pressure Monitoring
Glucose Monitoring
Cardiovascular Disease Monitoring
Others

Company Profiles

Allscripts Healthcare Solutions Inc.*

Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies

Abbott Laboratories
AMD Global Telemedicine, Inc.
Cisco Systems, Inc.
Care Innovations LLC
General Electric Company
Honeywell Life Care Solutions
InTouch Health
Koninklijke Philips N.V.
McKesson Corporation
Medvivo Group Ltd.
Medtronic Plc
Siemens Healthineers AG
St Jude Medical
Tunstall Healthcare Group Ltd.
Vidyo, Inc.

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