Global
remote patient monitoring (RPM) devices market is forecasted to reach
$556.9 million by the year 2016 at the compounded annual growth rate
of 10% during the forecasted period. Some of the major factors
responsible for this growth are continuously increasing number of
patients suffering from chronic disorders like cardiovascular
illnesses and diabetes and increasing number of elderly population,
as these people often prefer house monitoring as it avoids travelling
and waiting time. Cardiac remote patient monitoring is the largest
segment of this industry and it is expected to reach $399.9 million
by the year 2016 at the compounded annual growth rate of 11%. This
growth is mainly attributed due to the increasing incidences of
cardiovascular diseases across the world. The U.S. and Europe are the
largest markets for cardio remote patient monitoring devices where
penetration of RPM is much higher.
Rise
in occurrences of chronic diseases is leading to an increase in
overall expenditure on healthcare facilities, thus increasing
pressure on government and healthcare providers to look for
alternative methods to reduce healthcare costs. Remote patient
monitoring is intended to reduce the treatment costs as it reduces
visits to hospitals and clinics and expenditure on healthcare
facilities as treatment can be provided at home.
Market
Segmentation
Based
on Type
- Hemodynamic monitoring devices
- Neuromonitoring devices
- Cardiac monitoring devices
- Multi-parameter monitoring devices
- Remote patient monitoring devices
Based
on Application
- Home Healthcare
- Hospitals
- Nursing Homes
- Others
This
research report analyzes this market depending on its market segments
and major geographies. This research report also includes complete
analysis of current market trends, industry drivers, factors limiting
market growth, industry structure, and market projections for
upcoming years. Report also provides analysis of recent technological
developments in this industry, Porter’s five force model analysis,
and complete company profiles of top industry players. This report
includes review of micro and macro factors significant for existing
market players and new entrants along with detailed value chain
analysis.
Geographies
analyzed under this report are
- North America
- Europe
- Asia Pacific
- Rest of the World
Major
Players
Some
of the major players dominating this industry are Philips Healthcare,
GE Healthcare, MindRay Medical, Omron Healthcare, Draeger Medical,
Nihon Kohden, Masimo, Covidien, CareFusion, Welch Allyn, Schiller AG,
and others.
More
Reports on Medical
Devices
Market:
http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html
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