Tele-Care Medical Equipment Market Analysis -Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Tele-care systems help in medication of chronic disease, lowering the hefty cost associated with delivery, enabling babies to groom gracefully in their homes, and provide support to patients, globally. The technology of tele-monitoring has further enabled sophisticated method of determining fatal signs at home, thereby protecting people in a familiar, comfortable environment. Improvements in care delivery are highly associated with expanding sources of information which ease the understanding of what care works for.

Market Dynamics

Increasing aging population, rising instances of chronic diseases, and adoption of remote service delivery are some of the key aspects projected to surge the market growth. Also, need for advance patient monitoring systems, favorable reimbursement policies are other factors leading to the market development. Increasing use of mobile communication technology has further raised awareness among patients regarding tele-care medical equipment. However, delayed responses, improper consideration reported by physicians and patients are some factors restricting the market growth.

Market Classification and Overview

The global tele-care medical equipment market can be segmented on the basis of end-user and geography. On the basis of end-user, the market is segmented into hospital, clinics, household and others. The hospital segment accounted for the maximum market share in 2016 and is expected to continue its dominance over the forecast period. Rising technological advancements, along with developments in mobile telecommunication technology, and enhanced demand for home patient monitoring systems is expected to create lucrative opportunities for the market growth. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is poised to grow rapidly in the forecasted years due to rising instances of chronic diseases and need for cost effective service delivery in this region.

Report Coverage

Market Participants

Some of the major players in the global tele-care medical equipment market include Nihon Kohden, Biotronik SE & Co. KG, St. Jude Medical, Inc., GE Healthcare, Mindray Medical, Boston Scientific Corporation, CONTEC MEDICAL, Dragerwerk, Spacelabs Healthcare, Medtronic, Inc, Philips Healthcare, and CAS Medical Systems.

Market Segmentation

Market By End-User

• Hospital
• Clinics
• Household
• Others

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America

• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA