Remote Patient Monitoring Market Size, Share, Key Companies, New Technologies, Demand and Forecast 2022-2027 – FortBendNow
According to the latest report by IMARC Group, titled “Remote Patient Monitoring Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the global remote patient monitoring market has reached a worth US$1.1 billion in 2021. , IMARC Group expects the market to reach US$2.7 billion by 2027, growing at a CAGR of 16.1% during the period 2022-2027.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Remote patient monitoring (RPM) is an ambulatory health system that uses digital technology to acquire medical and other health data from patients outside of healthcare facilities. This information is then sent to healthcare professionals using telehealth software applications installed on computers, smartphones or other portable devices to monitor status and improve the quality of care provided to patients.
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The market is mainly driven by the sudden outbreak of the highly contagious coronavirus disease (COVID-19). Healthcare providers around the world are using RPM systems to track patients with mild symptoms of COVID-19 and provide prompt hospital care. This frees up hospital resources for the treatment of more critical patients. Furthermore, the rising incidence of cardiovascular diseases, along with the increase in the geriatric population, which is more susceptible to chronic diseases, is also driving the demand for RPM. Furthermore, the introduction of innovative devices, improved healthcare infrastructure, and rapid technological advancements are expected to create a significant impact on the market growth in the coming years.
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List of key companies covered in this market report:
- Abbott Laboratories (NYSE:ABT)
- AMD Global Telemedicine Inc.
- BIOTRONIK SE & Co. KG
- Boston Scientific Corporation (NYSE:BSX)
- Dexcom, Inc. (NASDAQ: DXCM)
- GE Healthcare Inc. (Danaher Corporation) (NYSE: GE)
- Honeywell International Inc. (NYSE: HON)
- Koninklijke Philips NV (AMS: PHIA)
- Medtronic Inc. (NYSE:MDT)
- Nihon Kohden Company (TYO:6849)
- OSI Systems Inc. (NASDAQ:OSIS)
- Roche Holding AG (SWX: RO)
The report has segmented the market based on device type, application, end use, and geography.
Breakdown by device type:
- blood glucose monitor
- heart rate monitor
- Pulse oximeters
- Respiratory monitor
Breakdown by application:
- Cancer treatment
- Treatment and monitoring of cardiovascular diseases
- Diabetes treatment
- Treatment of sleep disorders
- Weight management and fitness monitoring
Breakdown by end use:
- Hospitals and Clinics
- Home care settings
Geographical distribution :
- North America (USA and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East and Africa
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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