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Remote Patient Monitoring Devices And Equipment Global Market Report 2020 Including: 1) By Type Of Device: Heart Monitors, Breath Monitors, Haematology Monitors, Multi - Parameter Monitors 2) By End User: Home Care Settings, Clinics, Hospitals 3) By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Monitoring And Fitness Monitoring, Other Applications Covering: Philips Healthcare, Honeywell, GE Healthcare, Medtronic, Boston Scientific

The remote patient monitoring devices and equipment market consists of sales of remote patient monitoring devices and equipment and related services. Remote patient monitoring devices and equipment allow a patient to use a mobile medi

Region : 05072013669 | Price: 2900 | Report ID: 05072013669
The remote patient monitoring devices and equipment market consists of sales of remote patient monitoring devices and equipment and related services. Remote patient monitoring devices and equipment allow a patient to use a mobile medical device for undergoing a routine test and send the test data to a healthcare expert in real-time.

The global remote patient monitoring devices and equipment market was valued at about $1.5 billion in 2018 and is expected to grow to $2.7 billion at a CAGR of 15.8% through 2022.

North America was the largest region in the remote patient monitoring devices and equipment market in 2018, followed by Europe. This region is expected to remain the largest during the next five years. The remote patient monitoring devices and equipment market in Asia Pacific and is forecasted to register the highest CAGR during 2018-2023.

The upcoming shortage of skilled healthcare professionals (doctors and nurses), drives the remote patient monitoring (RPM) devices and equipment market. As the number of patients with chronic diseases are increasing, it is getting difficult to monitor the patients due to operational time and cost related issues. The rising number of patients with chronic diseases, increasing need for monitoring and projected shortfall in the number of nurses in the near future increases the growth of remote patient monitoring devices and equipment. According to a report by Mercer, the US require 2.3 million new health care workers by 2025; this includes nurses, physicians, lab technicians and various other healthcare personnel. According to the Bureau of Labor Statistics, there is an additional need for 203,700 new registered nurses every year by 2026. However, only 438,100 nurses are expected to be added from2016 to 2026, which is way less than the demand. World Health Organization (WHO) projected that by 2030, low- and middle-income countries will have a deficit of 14.5 million healthcare professionals.

The remote patient monitoring devices market is limited, as healthcare professionals are averse to adopt new technologies. Technologically advanced remote patient monitoring devices and equipment are adopted to reduce patient’s expenditure on hospitalization in terms of follow-up care. Rise of such adoption results in reduction of hospital revenues. Therefore, hospitals and healthcare professionals resisted the adoption of remote patient monitoring systems and are limiting the market. For instance, in 2016, a case study in the UK states, organizational barriers at various levels, technical, social, ethical, financial, and legal factors are restraining to invest, implement and use advanced patient monitoring systems.

Remote patient monitoring device manufacturers are increasingly integrating IoT and wireless technology with remote patient monitoring devices to efficiently diagnose and treat medical conditions. Wireless sensor technology such as biosensor monitoring devices are multi sensor systems implanted or embedded into the skin, consisting of a sensor that transmits data for real time monitoring of patient’s medical condition. IoT technology enable healthcare service providers to remotely monitor patients’ health parameters.
These devices are miniaturized multi-sensing devices, aiding healthcare professionals to monitor blood pressure, blood glucose levels and physiological parameters and recommend appropriate treatment. Major companies offering IoT and wireless sensor technology integrated patient monitoring devices include Xsensio, InSilixa, 1Drop Diagnostics, Kenzen.

The remote patient monitoring device and equipment manufacturers must comply with the rules and regulations of the Health Insurance Portability and Accountability Act (HIPAA). These HIPAA regulations secure definitions of network, take physical security and process security measures regarding the Protected Health Information (PHI). The Title II of HIPPA directs the Health and Human Services (HHS) of U.S Department to manifest national standards for the exchange of electronic healthcare data and information. In 2016, Health and Human Services (HHS) Office for Civil Rights (OCR), issued guidance by clarifying that cloud service providers and other business associates of healthcare organizations are covered by the HIPAA privacy, security and breach notification rules for safe and secure electronic data interchange.

In 2018, ResMed acquired Propeller Health for $225 Million. With this acquisition, ResMed broadened its portfolio into the Respiratory Care market and strengthened its market position in digital health for chronic obstructive pulmonary disease (COPD). Propeller Health is a medical device and digital therapeutics manufacturing company that designs remote patient monitoring devices for treating chronic respiratory disease. Propeller Health was established in the year 2007 and is headquarters in Madison, USA.

Major players in the market are Philips Healthcare, Honeywell, GE Healthcare, Medtronic and Boston Scientific.

Remote Patient Monitoring Devices And Equipment Market Global Report 2020 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the global remote patient monitoring devices and equipment market.

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Description:
Where is the largest and fastest growing market for the remote patient monitoring devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Remote Patient Monitoring Devices And Equipment Market Global Report from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
• The Market Characteristics section of the report defines and explains the market.
• The Market Size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market Segmentations break down market into sub markets.
• The Regional and Country section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive Landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The Trends and Strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.

Scope

Markets Covered: 1) By Type Of Device: Heart Monitors, Breath Monitors, Haematology Monitors, Multi - Parameter Monitors 2) By End User: Home Care Settings, Clinics, Hospitals 3) By Application: Cancer Treatment, Cardiovascular Diseases , Diabetes Treatment, Sleep Disorder, Weight Monitoring And Fitness Monitoring , Other Applications

Companies Mentioned: Philips Healthcare, Honeywell, GE Healthcare, Medtronic, Boston Scientific

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time Series: Five years historic and forecast.

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
1. Executive Summary
2. Remote Patient Monitoring Devices And Equipment  Market Characteristics
3. Remote Patient Monitoring Devices And Equipment  Market Size And Growth
3.1. Global Remote Patient Monitoring Devices And Equipment  Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Remote Patient Monitoring Devices And Equipment  Forecast Market, 2019 - 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Remote Patient Monitoring Devices And Equipment  Market Segmentation
4.1. Global Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
Heart Monitors
Breath Monitors
Haematology Monitors
Multi - Parameter Monitors
4.2. Global Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
Home Care Settings
Clinics
Hospitals
4.3. Global Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
Cancer Treatment
Cardiovascular Diseases
Diabetes Treatment
Sleep Disorder
Weight Monitoring And Fitness Monitoring
Other Applications
5. Remote Patient Monitoring Devices And Equipment  Market Regional And Country Analysis
5.1. Global Remote Patient Monitoring Devices And Equipment  Market, Split By Region, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
5.2. Global Remote Patient Monitoring Devices And Equipment  Market, Split By Country, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Remote Patient Monitoring Devices And Equipment  Market
6.1. Asia-Pacific Remote Patient Monitoring Devices And Equipment  Market Overview
6.2. Asia-Pacific Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6.4. Asia-Pacific Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
7. China Remote Patient Monitoring Devices And Equipment  Market
7.1. China Remote Patient Monitoring Devices And Equipment  Market Overview
7.2. China Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
7.3. China Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
7.4. China Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
8. India Remote Patient Monitoring Devices And Equipment  Market
8.1. India Remote Patient Monitoring Devices And Equipment  Market Overview
8.2. India Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
8.3. India Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
8.4. India Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9. Japan Remote Patient Monitoring Devices And Equipment  Market
9.1. Japan Remote Patient Monitoring Devices And Equipment  Market Overview
9.2. Japan Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9.3. Japan Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9.4. Japan Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10. Australia Remote Patient Monitoring Devices And Equipment  Market
10.1. Australia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10.2. Australia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10.3. Australia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11. Indonesia Remote Patient Monitoring Devices And Equipment  Market
11.1. Indonesia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11.2. Indonesia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11.3. Indonesia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12. South Korea Remote Patient Monitoring Devices And Equipment  Market
12.1. South Korea Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12.2. South Korea Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12.3. South Korea Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13. Western Europe Remote Patient Monitoring Devices And Equipment  Market
13.1. Western Europe Remote Patient Monitoring Devices And Equipment  Market Overview
13.2. Western Europe Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13.3. Western Europe Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13.4. Western Europe Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14. UK Remote Patient Monitoring Devices And Equipment  Market
14.1. UK Remote Patient Monitoring Devices And Equipment  Market Overview
14.2. UK Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14.3. UK Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14.4. UK Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15. Germany Remote Patient Monitoring Devices And Equipment  Market
15.1. Germany Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15.2. Germany Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15.3. Germany Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16. France Remote Patient Monitoring Devices And Equipment  Market
16.5. France Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16.6. France Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16.7. France Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17. Eastern Europe Remote Patient Monitoring Devices And Equipment  Market
17.1. Eastern Europe Remote Patient Monitoring Devices And Equipment  Market Overview
17.2. Eastern Europe Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17.3. Eastern Europe Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17.4. Eastern Europe Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18. Russia Remote Patient Monitoring Devices And Equipment  Market
18.1. Russia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18.2. Russia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18.3. Russia Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19. North America Remote Patient Monitoring Devices And Equipment  Market
19.1. North America Remote Patient Monitoring Devices And Equipment  Market Overview
19.2. North America Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19.3. North America Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19.4. North America Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20. USA Remote Patient Monitoring Devices And Equipment  Market
20.1. USA Remote Patient Monitoring Devices And Equipment  Market Overview
20.2. USA Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20.3. USA Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20.4. USA Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21. South America Remote Patient Monitoring Devices And Equipment  Market
21.1. South America Remote Patient Monitoring Devices And Equipment  Market Overview
21.2. South America Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21.3. South America Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21.4. South America Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22. Brazil Remote Patient Monitoring Devices And Equipment  Market
22.1. Brazil Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22.2. Brazil Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22.3. Brazil Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23. Middle East Remote Patient Monitoring Devices And Equipment  Market
23.1. Middle East Remote Patient Monitoring Devices And Equipment  Market Overview
23.2. Middle East Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23.3. Middle East Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23.4. Middle East Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24. Africa Remote Patient Monitoring Devices And Equipment  Market
24.1. Africa Remote Patient Monitoring Devices And Equipment  Market Overview
24.2. Africa Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Type Of Device, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24.3. Africa Remote Patient Monitoring Devices And Equipment  Market, Segmentation By End User, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24.4. Africa Remote Patient Monitoring Devices And Equipment  Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
25. Remote Patient Monitoring Devices And Equipment  Market Competitive Landscape And Company Profiles
25.1. Remote Patient Monitoring Devices And Equipment  Market Competitive Landscape
25.2. Remote Patient Monitoring Devices And Equipment  Market Company Profiles
25.2.1. Philips Healthcare
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Honeywell
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. GE Healthcare
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Medtronic
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Boston Scientific
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Remote Patient Monitoring Devices And Equipment  Market
27. Remote Patient Monitoring Devices And Equipment  Market Trends And Strategies
28. Remote Patient Monitoring Devices And Equipment  Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer

 

Research Methodology

 

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.