Remote Patient Monitoring Market Insights, Forecast to 2025

Global Remote Patient Monitoring Market is anticipated to grow at a significant CAGR of 15.66% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Remote patient monitoring devices, as the name suggests, supports in the monitoring of the patient’s physical state at a distance. The patient does not need to visit the medical consultant. The factors that propel the growth of the market include technological advancements, rise in the prevalence of chronic diseases like diabetes and heart conditions, growing aged population across the globe and increasing awareness among people. On the other hand, there are factors that may hamper the growth of the market including lack of training, high cost of device and unavailability of expert professionals.

The remote patient monitoring market may be explored by condition, component, application, end user and geography. The market may be explored by the condition as chronic obstructive pulmonary disease (COPD), congestive heart failure (CHF), diabetes, mental health, blood pressure, and others. Based on the component, the market could span software and devices.

The key applications that could be explored in the market include cardiovascular diseases treatment, cancer treatment, diabetes treatment, weight management, fitness monitoring and sleep disorder treatment and others. The “Heart rate monitor” segment led the market in 2015 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes increase in the demand for home health care and independent living by the aged population.

The market could span as end user as home healthcare, hospital-based patients, ambulatory patients, alternate site patient monitoring and others. The “Hospital-Based Patients” segment led the market in 2017 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of the market includes high demand.

North America accounted for the major share of the remote patient monitoring market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include technological advancements, implementation of appropriate government initiatives in order to curb the deteriorating environmental conditions and improved healthcare infrastructure. North America is followed by the Asia-Pacific region.

Some of the key players that fuel the growth of the remote patient monitoring market comprise Honeywell, Philips, American Telecare, Philips Healthcare, Roche, Bosch, Intel, Bortnick, Welch Allyn, Covidien Plc, Johnson & Johnson, and Health anywhere Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

The following manufacturers are covered in this report, with sales, revenue, market share for each company:
• Biotronik
• Boston Scientific Corporation
• CAS Medical Systems
• CONTEC MEDICAL
• Dragerwerk
• GE Healthcare
• Guangdong Biolight Meditech
• Medtronic
• Mindray Medical
• Nihon Kohden
• Philips Healthcare
• Spacelabs Healthcare
• St. Jude Medical

Market size by Product
• External Remote Patient Monitoring Devices
• Implantable Remote Patient Monitoring Devices

Market size by End User
• Hospital
• Clinic
• Home

Market size by Region
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Malaysia
• Philippines
• Thailand
• Vietnam
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Central & South America
• Brazil
• Rest of Central & South America
• Middle East & Africa
• GCC Countries
• Turkey
• Egypt
• South Africa

The key points of this report are:
• To study and analyze the global Remote Patient Monitoring market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
• To understand the structure of Remote Patient Monitoring market by identifying its various subsegments.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• Focuses on the key global Remote Patient Monitoring companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
• To project the value and sales volume of Remote Patient Monitoring submarkets, with respect to key regions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.