The Remote Patient Monitoring Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Remote Patient Monitoring Market is estimated to be $40 USD billion and predicted to rise to $ 77 USD billion with a CAGR of 13.73%. The market is segmented by Type (Breath Monitors, Physical Activity Monitors, Heart Monitors, Haematological Monitors and Multi-Sign Monitors), by Application (Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder and Weight Management and Fitness Monitoring), by End-Use (Ambulatory Care Centers, Hospitals and Home Healthcare). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The supreme features contributing to the market growth consist of rising elderly population base, increasing number of cases of cardiovascular diseases, aspiration of self-regulating & healthy living and improving healthcare infrastructure. The necessity to enclose the average healthcare expenditure is one of the key cause for the growth of the market. Conversely, unsteady reimbursement, high technological cost and financial slowdown are some of the major factors limiting the growth for the remote patient monitoring market.
The heart rate monitors segment led the overall market due to the rising prevalence of cardiac diseases across the globe. The ambulatory care center segment detained the major share in the global remote patient monitoring market. The dominance of this section is due to the rising geriatric population, as elderly people are at more risk of developing several infections and diseases.
North America is the prominent global remote patient monitoring market owing to the high number of surgical processes being performed. Europe is also a profitable market for remote patient monitoring due to quick technological development in terms of healthcare area. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe.
Some key players include Welch Allyn, Bosch, Johnson & Johnson, Intel, Roche, Philips Healthcare, Philips, Healthanywhere Inc, Honeywell, American Telecare, Biotronik, and Covidien Plc.
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