Remote Patient Monitoring Systems Market 2022-2028

Description

List of Tables

Global Remote Patient Monitoring Systems Market Size, Share & Trends Analysis Report By Device Type (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Other), by Application (Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management, and Fitness Monitoring, and Others) and by End-User (Home Care Settings, Hospitals/Clinics, and Others) Forecast Period (2022-2028)

The global remote patient monitoring systems market is anticipated to grow at a substantial CAGR of 10.5% during the forecast period. The increasing number of cardiovascular disease (CVDs) cases across the globe are driving the market growth. For instance, in June 2021, as per information provided by World Health Organization (WHO), CVDs are a major cause of death, approximately 17.9 million people died from CVDs in 2019, 85% died due to heart attack and stroke, and in which 17 million premature deaths were accounted. Moreover, WHO has raised the initiative to reduce global prevalence by 25% by 2025 and about 2% of deaths from cardiovascular diseases are due to rheumatic heart disease.

The remote patient monitoring systems are further sub-segmented on the basis of device type, application, and end-user. On the basis of device type, the market is sub-categorized into heart monitors, breath monitors, hematology monitors, multi-parameter monitors, and others. On the basis of application, the market is sub-classified into cancer treatment, cardiovascular diseases, diabetes treatment, sleep disorder, weight management and fitness monitoring, and others. Based on end-user the market is fragmented into home care settings, hospitals/clinics, and others. Among the end-user segment hospitals/clinics segment is anticipated to register the fastest growth owing to cost efficiency and qualified resources. Furthermore, due to COVID-19, a large number of patients have started scheduling and consulting with doctors from home, and thus it is witnessing high demand for remote patient monitoring systems.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating the market owing to a high number of chronic diseases and an increasing number of diabetic patients across the region. Additionally, growing geriatric population and rising demand for wireless and portable systems. Moreover the presence of major key players in the region that are contributing to the market through new launches acquisitions, mergers, and others. For instance, in February 2021, Royal Philips acquired BioTelemetry for its cardiac care portfolio and also to integrate patient care management solutions for the hospital such as real-time patient monitoring, therapeutic devices, telehealth, and informatics. Furthermore, it builds the largest remote cardiac monitoring services networks and monitoring portfolio. North America well-established reimbursement policies are such factors that are contributing to the remote patient monitoring systems market growth.

The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include Boston Scientific Corp., Caretaker LLC., General Electric Co., Honeywell International Inc., Koninklijke Philips N.V., Qualcomm Technologies, Inc., Siemens Healthcare GmbH, and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Withings Health Solutions launched remote-patient monitoring (RPM) solution to reduce friction between care teams and patients. This new device will easily manage data from multiple patients with automated alerts and also give reminders covering both patient health data and program compliance indicators.

Research Methodology

The market study of the global remote patient monitoring systems market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Remote Patient Monitoring Systems Market Research And Analysis By Device Type

2. Global Remote Patient Monitoring Systems Market Research And Analysis By Application

3. Global Remote Patient Monitoring Systems Market Research and Analysis by End-User

The Report Covers:

Comprehensive Research Methodology of the global remote patient monitoring systems market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global remote patient monitoring systems market.
Insights about market determinants that are stimulating the global remote patient monitoring systems market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026603

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Remote Patient Monitoring Market
Recovery Scenario of Global Remote Patient Monitoring Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Boston Scientific Corp.
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Caretaker, LLC.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. General Electric Co.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Koninklijjke Philips N.V.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Siemens Healthcare GmbH
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Remote Patient Monitoring Market by Device Type
- 4.1.1. Heart Monitors
- 4.1.2. Breath Monitors
- 4.1.3. Hematology Monitors
- 4.1.4. Multi-parameter Monitors
- 4.1.5. Other
4.2. Global Remote Patient Monitoring Market by Application
- 4.2.1. Sleep Disorder
- 4.2.2. Cancer Treatment
- 4.2.3. Diabetes Treatment
- 4.2.4. Cardiovascular Diseases
- 4.2.5. Weight Management and Fitness Monitoring
- 4.2.6. Other
4.3. Global Remote Patient Monitoring Market by End-User
- 4.3.1. Home Care Settings
- 4.3.2. Hospitals/Clinics
- 4.3.3. Other

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. 100Plus
6.2. Abbott
6.3. ACME Consulting
6.4. Baxter International Inc.
6.5. Biobeat
6.6. Cardiomo Care, Inc.
6.7. Cerner Corp.
6.8. ChroniSense Medical, Ltd.
6.9. Dexcom, Inc.
6.10. Docobo Ltd.
6.11. DrKumo Inc.
6.12. Honeyweill International Inc.
6.13. Masimo Corp.
6.14. Medopad Ltd.
6.15. Medtronic Plc
6.16. Neteera
6.17. Nihon Kohden Corp.
6.18. OMRON Healthcare, Inc.
6.19. Orion Health
6.20. Preventice Solutions, Inc.
6.21. Qualcomm Technologies, Inc.
6.22. Resideo Technologies Inc.
6.23. Schiller AG
6.24. Smart Meter LLC.
6.25. Teladoc Health, Inc.
6.26. VitalConnect
6.27. Vitls Inc.
6.28. VivaLNK, Inc.
6.29. Vivify Health Inc