Market Research Report
Remote Patient Monitoring System Market Size, Share & Trends Analysis Report By Product (Vital Sign Monitors, Specialized Monitors), By End Use, By Application, And Segment Forecasts, 2019 - 2026
|Published by||Grand View Research, Inc.||Product code||355262|
|Published||Content info||140 Pages
Delivery time: 2-3 business days
|Remote Patient Monitoring System Market Size, Share & Trends Analysis Report By Product (Vital Sign Monitors, Specialized Monitors), By End Use, By Application, And Segment Forecasts, 2019 - 2026|
|Published: March 12, 2019||Content info: 140 Pages||
The global remote patient monitoring system market is expected to reach USD 1.8 billion by 2026, according to a new report by Grand View Research Inc. It is projected to register a CAGR of 13.5% during the forecast period. Remote patient monitoring system, due to their capability to monitor various chronic conditions such as diabetes, cardiovascular conditions, and cancer, are expected to witness substantial growth in demand. Increasing incidence of cardiovascular diseases, rising geriatric population, and demand for independent and healthy living are the high impact rendering drivers.
Moreover, improving healthcare infrastructure, post-acute care management, and focus of key market players on emerging economies is also expected to fuel the growth of the remote patient monitoring system market. Rapid technological advancements are expected to lead towards the availability of a better option for healthcare practitioners and the patients, thereby promoting the growth.
Remote patient monitoring system encompass a wide array of technologies designed to manage, evaluate, notify, intervene, and modify the treatment plan as required. The remote patient monitoring system are most commonly used to reduce the progression of chronic disorders and to enhance recovery after getting discharged from an acute care unit. These technologies also alert caregivers for prompt intervention through any vulnerable condition.
Key players operating in the remote patient monitoring market include: Philips; Honeywell; American Telecare; Roche; Philips Healthcare; Bosch; Biotronik; Intel; Welch Allyn; Health anywhere Inc.; Johnson & Johnson; and Covidien Plc.