(MENAFN- Ameliorate Digital Consultancy)
The latest study released on the Global remote patient monitoring products market evaluates market size, trend, and forecast to 2029. The Remote Patient Monitoring Products market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. The report is assembled to comprise qualitative and quantitative elements of Remote Patient Monitoring Products industry including market share that admires each country concerned in the competitive marketplace.
In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.
According to industry estimates the Remote Patient Monitoring Products market growth is projected to expand between 16.2% CAGR during the 2023 to 2029 assessment period.
remote patient monitoring products
Key Players in This Report Include:
Medtronic, Abbott, Philips Healthcare, Boston Scientific Corporation, GE Healthcare, Nihon Kohden, Biotronik, Honeywell, Spacelabs Healthcare, A&D Medical, SHL Telemedicine
Recent Development:
Feb. 1, 2023 / - Medtronic plc (NYSE: MDT), a global leader in healthcare technology, announced that it joins 483 other global companies as a member of the 2023 Bloomberg Gender-Equality Index (GEI)(opens new window), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data.
Abbott Laboratories has acquired 36 companies, including 2 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 8 assets. Abbott Laboratories' largest acquisition to date was in 2016, when it acquired St. Jude Medical for $25.0B. It's largest disclosed sale occurred in 2015, when it sold Abbott – Non-U.S. Developed Markets Specialty and Branded Generics to Viatris for $5.3B. Abbott Laboratories has acquired in 8 different US states, and 9 countries. The Company's most targeted sectors include medical products (55%) and life science (34%).
The report endeavors to offer a 360-degree analysis of the global Remote Patient Monitoring Products Market on the back of an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market . Developments in each geographical region is charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.
The Global Remote Patient Monitoring Products Market segments and Market Data Break Down are illuminated below:
Remote Patient Monitoring Products Market Segments by Type:
COPD
Diabetes
Cardiopathy
Others
Remote Patient Monitoring Products Market Segments by Application:
Home Care
Long-Term Care Centers
Hospice Care
Driver: rising geriatric population and growing need to expand healthcare access
The growth of this population segment will boost the demand for healthcare and long-term care services and greatly increase the burden on governments and health systems. This will prove favorable to the market for remote patient monitoring. Remote patient monitoring can enhance the overall reach of and access to healthcare while reducing unnecessary visits, hospital admissions and readmissions, and the time and costs involved in travelling to meet healthcare professionals.
Opportunity: high utility of remote patient monitoring in combating infectious diseases and epidemics
Infectious diseases are among the most difficult conditions to treat in hospital facilities, as both patients and healthcare workers are at equal risk of contracting the infection. In such cases, telemedicine has great potential to limit the spread of epidemics and healthcare-associated infections owing to its inherent benefits, such as the early detection of diseases and virtual visits, consequently reducing overall patient exposure. It certainly reduces the total number of in-person visits and travel associated with the treatment process. It is a safer mode of care delivery and slows down the spread of infectious diseases.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Regional Insights
North America dominated the global industry in 2022 and accounted for the largest share of more than 41.45% of the overall revenue. An increase in the incidence of chronic diseases, demand for wireless and portable systems coupled with the presence of sophisticated reimbursement structures, aimed at cutting out-of-pocket expenditure, are the major factors attributed to the regional market growth.
Europe , especially the Western European countries, is expected to remain the second-largest revenue-generating region over the forecast period. This can be attributed to the higher mortality rate and rising demand for low-cost treatment. Rising demand for in-house monitoring, supportive central data management systems and rising accuracy & efficiency of RPM are the high-impact rendering drivers for the region's growth.
Asia Pacific is expected to witness the fastest CAGR over the forecast period owing to the presence of untapped opportunities in the emerging markets of India and China. Japan is expected to be a key revenue generator owing to its high geriatric population.
Objectives of the Report:
-To carefully analyze and forecast the size of the Remote Patient Monitoring Products market by value and volume.
-To estimate the market shares of major segments of the Remote Patient Monitoring Products
-To showcase the development of the Remote Patient Monitoring Products market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Remote Patient Monitoring Products market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Remote Patient Monitoring Products
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Remote Patient Monitoring Products market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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– Uncertainty about the market future: Our research and insights help our customers predict the upcoming revenue pockets and growth areas.
– Understanding market sentiments: It is very important to have a fair understanding of market sentiment for your strategy. Our insights will help you see every single eye on Remote Patient Monitoring Products market sentiment. We maintain this analysis by working with key opinion leaders on the value chain of each industry we track.
– Understanding the most reliable investment center: Our research evaluates investment centers in the market, taking into account future demand, profits, and returns . Clients can focus on the most prestigious investment centers through Remote Patient Monitoring Products market research.
– Evaluating potential business partners: Our research and insights help our clients in identifying compatible business partners.
Table of content:
Chapter 1: Remote Patient Monitoring Products Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Remote Patient Monitoring Products Market Forecast
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country-level analysis for the 5 countries of your choice. competitive analysis of 5 key market players. 40 analyst hours to cover any other data point.
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