Advanced Remote Patient Monitoring Systems Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC186

Advanced remote patient monitoring systems is a technology that allows observation of patients outside the premises of hospitals and conventional clinics. This helps in avoiding the inconvenience and difficulty caused to critical patients by enhancing the connectivity between medical professionals and patients through wireless technologies that includes WLAN (Wireless Local Area Networks) and cellular networks. Advance remote patient monitoring systems comprises sophisticated peripherals which enable real time video and audio service, allowing face-to-face communication between medical professionals and patients. Further, it helps in reducing patient’s travelling time to clinic and enhances the medical consultation. Also, the use of this technology helps in reducing mortality rates and increases the efficiency of medical resources. Further, advantages of advanced remote patient monitoring system include evading of emergency overcrowding, improvement in maintenance of electronic health records and managing large number of patients.

Advance remote patient monitoring systems result in reduction in patient’s expenses such as travelling cost, hospital admission and others. Thus, low treatment cost is the major factor propelling the market demand for these systems. Also, the frequency of number of patients suffering from diseases such as diabetes, blood pressure imbalance, congestive heart diseases and others is increasing day-by-day and availability of cost-effective and advanced healthcare solutions resulting in the growth in demand for advanced remote patient monitoring systems. In comparison to the conventional consulting, these systems provide faster, low cost and reliable consulting. Another advantage offered by these systems is enabling the medical professional to simultaneously monitor more than one patient from one place hence; less number of medical professionals are required owing to increased coverage.

Advanced remote patient monitoring enables medical professionals in continuous monitoring which further helps in early diagnoses of serious disorders. The increased adoption of smart devices such as tablets, smartphones and others are bolstering the market for advanced patient monitoring systems. Other factors fueling the market growth include growing incidences of people following unhealthy lifestyle, developments in technology for instance portability of devices and ease-of-use. For chronic disease management, the remote patient monitoring devices used for wide functions that include care integrator, an early warning system, progress tracker, capacity builder and confidence builder are anticipate to propel the market in near future.

The advanced patient monitoring systems market is classified on the basis of devices, end-user and geography. The device segment is bifurcated into hemodynamic devices, fetal & neonatal devices, multi-parameter devices, neuro-monitoring devices, respiratory monitoring devices, cardiac monitoring devices, remote patient monitor devices, weight monitoring devices and temperature monitoring devices. By end-user, the market is analyzed into telemedicine patients and hospital based patients. Furthermore, the geographical segment is bifurcated into North America, Latin America, Middle East & Africa, Europe and Asia Pacific.

Presently, North America holds the largest market revenue share in the advanced remote patient monitoring systems. This is due to a rising number of patients are being diagnosed with diseases such as asthma, atherosclerosis, osteoporosis and several other heart related diseases. Also, another factor responsible for the increased market demand in this region is the increasing investments in the healthcare industry. Europe is also witnessing a high growth for remote patient monitoring market however, due to declining birth rates, uneven reimbursement policies and other factors are hamper the market in the coming years.

Additionally, Asia Pacific foresees potential opportunity for the market growth owing to rise in population and increasing paying capability of patients. Some of the key industry players operating in the market are Abbott Laboratories, Siemens Healthcare, Medtronic PLC, Lifewatch AG, Omron Corporation, Roche Diagnostics, Ge Healthcare, Philips Healthcare, Nihon Kohden Corporation, Honeywell International, Inc., Smiths Medical, Welch Allyn and Johnson & Johnson among others.


Related Reports

Ambulatory Surgical and Emergency Centers Market By Service Type (Orthopedics, Ophthalmology, Gastroenterology, Plastic Surgery, Pain Management or Spinal Injections, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global ambulatory surgical and emergency centers market is expected to grow at a CAGR of 6.2% over the forecast period 2019 to 2026 and market size is poised to reach US$ 203.1 Bn by 2026. Ambulatory surgery and emergency centers are medical care facilities that provide same-day surgery care which also includes consultation and diagnosis. It is a more convenient alternative to hospital based outpatient pro

Ambulatory Health Care Services Market By Type (Primary Care Offices, Medical Specialty, Emergency Departments, Surgical Specialty), By Application (Orthopedics, Ophthalmology, Gastroenterology, Plastic Surgery, Pain Management or Spinal Injections, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global ambulatory health care services market size is expected to surpass US$ 4.4 Tn by 2026 and will grow at a noteworthy CAGR of 5.9% over the forecast period 2019 to 2026. Ambulatory service centers (ASC) also referred as outpatient care centers. These are medical care facilities that provide outpatient services such as consultation, diagnosis, treatment, and intervention services. It is a more convenie

Ambulatory EHR Market By Application (Patient Management, Practice Management, E-prescribing, Population Health Management, Referral Management, Health Analytics, Decision Support), By Delivery Mode (Client Server-based, Web-based), By End User Mode (Independent Ambulatory Centers, Hospital-owned Ambulatory Centers) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global ambulatory EHR market size is expected to reach US$ 6.8 billion by 2026 and will grow at a CAGR of around 6.0% over the forecast period 2019 to 2026. The digital version of the patient’s record is known as the electronic health records. It includes a wide range of patient’s information such as medical history, ongoing medication, allergies, personal statistics, the status of immunization, demographics, and laborator

Cancer Biomarkers Market By Type (Protein, Genetic, Others), By Technology (Omics Technology, Immunoassay, Imaging Technology, Cytogenetic Testing), By Cancer Type (Breast Cancer, Lung Cancer, Prostate Cancer, Colorectal Cancer, Leukemia, Thyroid gland Cancer, Kidney Cancer, Bladder Cancer, Others), By Application (Diagnosis, Prognosis, Research, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global cancer biomarkers market size is expected to reach around US$ 29.8 Bn by 2026 and will grow at noteworthy CAGR of around 11.9% over the forecast period 2019 to 2026. Cancer biomarker is a substance that helps to indicate the presence of cancer in the body. This substance may be a molecule secreted by a tumor or specific response of the body to a tumor. Genetic, proteomic

4D Printing in Healthcare Market By Component(Equipment, Software & Services, Programmable Materials), By Technology (PolyJet, FDM, Stereolithography, SLS), By Application (Patient Specific Implant, Medical Research Models, Surgical Guides), By End User (Hospitals, Dental Laboratories, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global 4D printing in healthcare market size is expected to reach around US$ 34.1 Mn by 2026 growing at a CAGR of around 29.6% over the forecast period 2019 to 2026. 4D printing is the latest technology in healthcare that is going to revolutionize the artificial organs and prosthetics industry. 4D printing is a product of collaboration work between MIT’s Lab and Stratasys. 4D printing is evolved 3D p

Healthcare Consulting Services Market By Type of Service (IT Consulting, Digital consulting, Financial Consulting, Operation Consulting, Strategy Consulting, HR & Talent Consulting), By End User (Life Science Companies, Hospitals, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global healthcare consulting services market size is expected to reach around US$ 22.8 Bn by 2026 and growing at a CAGR of around 9.8% over the forecast period 2019 to 2026. Healthcare consultancy service providers advice life science companies, government bodies, hospitals, insurance companies, and research institutes about business strategies. Digital consulting, financial consulting, operations consulta

Cart Summary