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Market Research Report

Europe Remote Patient Monitoring Systems Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 660986
Published Content info 69 Pages
Delivery time: 2-3 business days
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Europe Remote Patient Monitoring Systems Market - Growth, Trends, and Forecast (2019 - 2024)
Published: June 1, 2019 Content info: 69 Pages
Description

Market Overview

The Europe remote patient monitoring systems market is expected to witness a healthy CAGR during the forecast period. Major factors such as rising incidences of chronic diseases due to lifestyle changes, increase in aging population, demand for home-based monitoring devices, ease of use and portability of devices are likely to promote the growth of remote patient monitoring systems market in Europe region. However factors like, resistance from healthcare industry professionals toward the adoption of patient monitoring systems in developing regions, stringent regulatory framework, high cost of technology are the few factors impeding the growth of remote patient monitoring systems market in Europe region.

Scope of the Report

Remote patient monitoring technology comprises day-to-day monitoring devices, such as glucometers for patients with diabetes and heart or blood pressure monitors for patients getting cardiac care. Information can be sent to a physician's workplace by using telehealth communication links, by using a software application installed on the patient's internet-capable computer, smartphone, or tablet.

Key Market Trends

Home Care Settings Segment is Estimated to Dominate Among the End Users in this Market

People often need to track their personal health more efficiently and monitor the status of another individual periodically and remotely. Periodic reports and immediate alerts for any sudden changes in the health of a sick person at home may give an opportunity to act quickly and save the life of the person in danger.

The latest trend is the shift of treatment from hospitals to home, in order to reduce the hospital bills. Patients prefer home healthcare because of cost-effectiveness, privacy, and convenience. The home healthcare market involves various devices and solutions that offer cost-effective ways to treat or diagnose chronic disorders. Moreover, the advancements from treatment towards monitoring are providing new opportunities for market growth. The technological advancements assisting the ease of use, increasing chronic disorders favoring the direct sales of home healthcare equipment and increasing healthcare costs demanding for affordable home care solutions are the major factors that are driving the market growth.

Competitive Landscape

The Europe remote patient monitoring market is moderately fragmented and various medical device manufacturers are operating in the market along with several specialized remote patient monitoring equipment manufacturers. The industry is highly competitive and there is a growing trend of partnerships and agreements between the industry participants and other medical device manufacturers in order to incorporate remote patient monitoring functionalities in their devices.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
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  • 3 months of analyst support
Table of Contents
Product Code: 56618

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Burden of Chronic Diseases due to Lifestyle Changes
    • 4.2.2 Rising Geriatric Population
    • 4.2.3 Growing Demand for Home-based Monitoring Devices
  • 4.3 Market Restraints
    • 4.3.1 Resistance from the Healthcare Industry Professionals
    • 4.3.2 Stringent Regulatory Framework
    • 4.3.3 Lack of Proper Reimbursement
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Type of Device
    • 5.1.1 Heart Monitors
    • 5.1.2 Breath Monitors
    • 5.1.3 Hematology Monitors
    • 5.1.4 Multi-Parameter Monitors
    • 5.1.5 Other Types of Devices
  • 5.2 Application
    • 5.2.1 Cancer Treatment
    • 5.2.2 Cardiovascular Diseases
    • 5.2.3 Diabetes Treatment
    • 5.2.4 Sleep Disorder
    • 5.2.5 Weight Management and Fitness Monitoring
    • 5.2.6 Other Applications
  • 5.3 End User
    • 5.3.1 Home Care Settings
    • 5.3.2 Clinics
    • 5.3.3 Hospitals
  • 5.4 Geography
    • 5.4.1 Europe
      • 5.4.1.1 Germany
      • 5.4.1.2 UK
      • 5.4.1.3 France
      • 5.4.1.4 Italy
      • 5.4.1.5 Spain
      • 5.4.1.6 Rest of Europe

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Abbott Laboratories
    • 6.1.2 Boston Scientific Corporation
    • 6.1.3 GE Healthcare
    • 6.1.4 F. Hoffmann-La Roche
    • 6.1.5 Masimo Corporation
    • 6.1.6 Medtronic
    • 6.1.7 Omron Healthcare
    • 6.1.8 Proteus Digital Health
    • 6.1.9 Resideo Technologies, Inc

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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