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Remote Patient Monitoring System Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21242

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Published on

June 2021

Total pages

186

Table of Content

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About the Report

About the Report

THE REMOTE PATIENT MONITORING SYSTEM IS A SUBCLASS OF TELEHEALTH THAT IS DESIGNED TO DELIVER HEALTHCARE SERVICES AT THE DISTANCE. THESE ARE TYPICALLY MEDICAL DEVICES DEPLOYED AT HOME THAT TRANSMITS VITAL SIGNS THROUGH A DATA HUB, OR A DESKTOP CONSOLE. THE DATA IS STORED VIA SERVER-SIDE SYSTEMS WHICH IS THEN EVENTUALLY RETRIEVED BY CAREGIVERS AND PROVIDERS.

THE REMOTE PATIENT MONITORING SYSTEM FOCUSES ON THE MANAGEMENT OF VARIOUS CHRONIC DISEASES AND INFECTIOUS DISEASES. THEY SUPPORT PATIENT'S HEALTHCARE JOURNEY AND PROVIDE PATIENT'S HEALTH DATA TO CLINICIANS AND CAREGIVERS ENABLING THEM TO PERSONALIZE THEIR TREATMENT AND MEET ALL THE PATIENT'S NEEDS TO AVOID ANY COMPLICATIONS. IN ADDITION TO THIS, IT ALSO ENABLES PATIENTS TO TAKE CONTROL OF THEIR CARE ALONGSIDE THE PHYSICIANS AND CAREGIVERS.

THE RISING WORLDWIDE DEMAND FOR REMOTE PATIENT MONITORING SYSTEMS IS BECAUSE OF THE CHANGING TRADITIONAL MEDICAL PROTOCOLS AND RISING INVESTMENTS IN TELEHEALTH SOLUTIONS. THE INCREASED FOCUS ON PREVENTIVE HEALTHCARE, TECHNOLOGICAL ADVANCEMENT IN REMOTE HEALTHCARE, AND THE NEED TO REDUCE SURGING MEDICAL COSTS ARE SOME FACTORS DRIVING THE GROWTH OF REMOTE PATIENT MONITORING SYSTEMS ACROSS THE WORLD. ANOTHER FACTOR CONTRIBUTING TOWARDS THE GROWTH OF THIS MARKET IS THE RISING CHRONIC DISEASES INCIDENCES AND GROWING AGEING POPULATION. IN ADDITION TO THIS, THE WORLDWIDE ADOPTION OF VIRTUAL AND HOME HEALTH TECHNOLOGIES OWING TO THE NUMBER OF CANCELED APPOINTMENTS AND DEFERRED CARE AMIDST THE NOVEL CORONAVIRUS OUTBREAK HAS FURTHER AUGMENTED THE WORLDWIDE DEMAND FOR REMOTE PATIENT MONITORING SYSTEMS.

HOWEVER, SOME OF THE RESTRAINTS IN THE MARKET INCLUDE A LACK OF AWARENESS AND REGULATORY VARIATIONS ACROSS COUNTRIES. IN ADDITION TO THIS, HEALTHCARE FRAUD AND RESISTANCE FROM THE CONVENTIONAL HEALTHCARE SYSTEM ARE IMPEDING THE GROWTH OF THIS MARKET ALL OVER THE WORLD.

BASED ON PRODUCT, THE MARKET IS DIVIDED INTO VITAL SIGN MONITORS AND SPECIALIZED MONITORS. THE VITAL SIGN MONITORS ARE FURTHER SEGMENTED INTO TEMPERATURE MONITOR, BLOOD PRESSURE MONITOR, PULSE OXIMETER, HEART RATE MONITOR, RESPIRATORY RATE MONITOR AND BRAIN MONITOR. IN CONTRAST, SPECIALIZED MONITORS IS SUB-SEGMENTED INTO BLOOD GLUCOSE MONITOR, CARDIAC RHYTHM MONITOR, ANESTHESIA MONITOR, RESPIRATORY MONITOR, FETAL HEART MONITOR, MULTIPARAMETER MONITOR AND OTHERS.

THE SPECIALIZED MONITORS SEGMENT ACCOUNTED FOR THE MAJOR MARKET SHARE OWING TO THEIR ABILITY TO MONITOR VITAL PARAMETERS THAT HELPS IN MANAGING VARIOUS CHRONIC DISEASES. HOWEVER, THE VITAL SIGN MONITORS SEGMENT IS ANTICIPATED TO GROW SUBSTANTIALLY IN THE PROJECTED TIMEFRAME.

THE APPLICATION SEGMENT IS FRAGMENTED INTO DIABETES, CARDIOVASCULAR DISEASES, SLEEP DISORDERS, WEIGHT MANAGEMENT & FITNESS TRACKING AND OTHER APPLICATIONS. THE DIABETES SEGMENT DOMINATED THE MARKET OWING TO THE GROWING PREVALENCE OF DIABETIC POPULATION ALL OVER THE WORLD. HOWEVER, CARDIOVASCULAR DISEASES ACCOUNTED FOR SECOND HIGHEST MARKET SHARE.

BASED ON END-USER, THE REMOTE PATIENT MONITORING SYSTEM MARKET IS DIVIDED INTO HOSPITALS/CLINICS, HOME CARE SETTINGS AND OTHERS. THE HOSPITALS/CLINICS SEGMENT HELD THE MAJOR MARKET SHARE. APART FROM THIS, HOME CARE SETTINGS SEGMENT IS ALSO EXPECTED TO GROW SIGNIFICANTLY IN THE FORTHCOMING YEARS.

FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF REMOTE PATIENT MONITORING SYSTEM , THE MARKET IS ANALYZED BASED ON ITS WORLDWIDE PRESENCE IN THE COUNTRIES SUCH AS NORTH AMERICA (UNITED STATES, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, FRANCE, ITALY, SPAIN, UNITED KINGDOM AND REST OF EUROPE), ASIA-PACIFIC (CHINA, JAPAN, INDIA AND REST OF APAC), AND REST OF WORLD. NORTH AMERICA CONSTITUTES THE LARGEST MARKET FOR THE REMOTE PATIENT MONITORING SYSTEM INDUSTRY AND GENERATED REVENUE OF USD XX MILLION IN 2020 OWING TO THE GOVERNMENT SUPPORT FOR ADVANCED RESEARCH AND DEVELOPMENT IN THE FIELD OF TELEHEALTH AND INCREASING AWARENESS REGARDING THE BENEFITS OFFERED BY THEM. HOWEVER, THE ASIA-PACIFIC REGION IS ALSO EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD.

SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE F. HOFFMANN-LA ROCHE, MEDTRONIC, GE HEALTHCARE, ABBOTT LABORATORIES, OMRON CORPORATION, JOHNSON & JOHNSON, AMERICAN TELECARE, PHILIPS HEALTHCARE, BOSTON SCIENTIFIC CORPORATION, BIOTELEMETRY, ETC. SEVERAL M&A'S ALONG WITH PARTNERSHIPS HAVE BEEN UNDERTAKEN BY THESE PLAYERS TO BOOST THEIR PRESENCE IN DIFFERENT REGIONS.

Products


Companies

F.HOFFMANN-LA ROCHE

MEDTRONIC

GE HEALTHCARE

ABBOTT LABORATORIES

OMRON CORPORATION

JOHNSON & JOHNSON

AMERICAN TELECARE

PHILIPS HEALTHCARE

BOSTON SCIENTIFIC CORPORATION

BIOTELEMETRY

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 OBJECTIVE OF THE STUDY

1.3 LIMITATION

1.4 STAKE HOLDERS

1.5 CURRENCY USED IN REPORT

1.6 SCOPE OF THE REMOTE PATIENT MONITORING SYSTEM MARKET STUDY

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 RESEARCH METHODOLOGY FOR THE GLOBAL REMOTE PATIENT MONITORING SYSTEM MARKET

2.1.1 MAIN OBJECTIVE OF THE GLOBAL REMOTE PATIENT MONITORING SYSTEM MARKET

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPS UNDER REMOTE PATIENT MONITORING SYSTEM SECTOR

6 REMOTE PATIENT MONITORING SYSTEM AMID COVID-19

7 GLOBAL REMOTE PATIENT MONITORING SYSTEM MARKET REVENUE (USD BN), 2021-2027F

8 MARKET INSIGHTS BY PRODUCT

8.1 VITAL SIGN MONITORS

8.1.1 TEMPERATURE MONITOR

8.1.2 BLOOD PRESSURE MONITOR

8.1.3 PULSE OXIMETERS

8.1.4 HEART RATE MONITOR (ECG)

8.1.5 RESPIRATORY RATE MONITOR

8.1.6 BRAIN MONITOR (EEG)

8.2 SPECIALIZED MONITORS

8.2.1 BLOOD GLUCOSE MONITOR

8.2.2 CARDIAC RHYTHM MONITOR

8.2.3 ANESTHESIA MONITOR

8.2.4 RESPIRATORY MONITOR

8.2.5 FETAL HEART MONITOR

8.2.6 MULTIPARAMETER MONITOR

8.2.7 OTHERS

9 MARKET INSIGHTS BY APPLICATION

9.1 DIABETES

9.2 CARDIOVASCULAR DISEASES

9.3 SLEEP DISORDERS

9.4 WEIGHT MANAGEMENT & FITNESS TRACKING

9.5 OTHER APPLICATIONS

10 MARKET INSIGHTS BY END-USER

10.1 HOSPITALS/CLINICS

10.2 HOME CARE SETTINGS

10.3 OTHERS

11 MARKET INSIGHTS BY REGION

11.1 NORTH AMERICA REMOTE PATIENT MONITORING SYSTEM MARKET

11.1.1 UNITED STATES

11.1.2 CANADA

11.1.3 REST OF NORTH AMERICA

11.2 EUROPE REMOTE PATIENT MONITORING SYSTEM MARKET

11.2.1 GERMANY

11.2.2 FRANCE

11.2.3 UNITED KINGDOM

11.2.4 ITALY

11.2.5 SPAIN

11.2.6 REST OF EUROPE

11.3 ASIA PACIFIC REMOTE PATIENT MONITORING SYSTEM MARKET

11.3.1 CHINA

11.3.2 JAPAN

11.3.3 INDIA

11.3.4 REST OF ASIA PACIFIC

11.4 REST OF WORLD REMOTE PATIENT MONITORING SYSTEM MARKET

12 REMOTE PATIENT MONITORING SYSTEM MARKET DYNAMICS

12.1 MARKET DRIVERS

12.2 MARKET CHALLENGES

12.3 IMPACT ANALYSIS

13 REMOTE PATIENT MONITORING SYSTEM MARKET OPPORTUNITIES

14 REMOTE PATIENT MONITORING SYSTEM MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

16.1 DEMAND SIDE ANALYSIS

16.2 SUPPLY SIDE ANALYSIS

16.2.1 TOP PRODUCT LAUNCHES

16.2.2 TOP BUSINESS PARTNERSHIPS

16.2.3 TOP BUSINESS EXPANSIONS, INVESTMENTS AND DIVESTITURES

16.2.4 TOP MERGER AND ACQUISITIONS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

18.1 PORTER'S FIVE FORCES ANALYSIS

18.1.1 BARGAINING POWER OF SUPPLIER

18.1.2 BARGAINING POWER OF BUYER

18.1.3 INDUSTRY RIVALRY

18.1.4 AVAILABILITY OF SUBSTITUTE

18.1.5 THREAT OF NEW ENTRANTS

18.2 COMPETITIVE LANDSCAPE

18.2.1 COMPANY SHARES, BY REVENUE

19 COMPANY PROFILED

19.1 MEDTRONIC

19.2 F HOFFMANN-LA ROCHE

19.3 GE HEALTHCARE

19.4 ABBOTT LABORATORIES

19.5 OMRON CORPORATION

19.6 JOHNSON & JOHNSON

19.7 AMERICAN TELECARE

19.8 PHILIPS HEALTHCARE

19.9 BOSTON SCIENTIFIC CORPORATION

19.10 BIOTELEMETRY, INC.

20 DISCLAIMER

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