(PharmaNewsWire.Com, August 28, 2017 ) According to the report Latin America Remote Patient Monitoring market, published by Market Data Forecast, the Market was worth USD 4.42 billion in 2016 and estimated to be growing at a CAGR of 13.79%, to reach USD 8.44 billion by 2021.
The remote patient monitoring devices can examine several chronic ailments such as diabetes, cardiovascular disorders and cancer. Digital technology is utilised in remote patient monitoring devices to collect health and other forms of medical data to firmly pass on to healthcare practitioners situated at different location for clinical analysis.
The supreme features contributing to the market growth consist of rising elderly population base, increasing number of cases of cardiovascular diseases, aspiration of self-regulating & healthy living, improving healthcare infrastructure, post-acute care managing and demand in the developing regions of Latin America. Consciousness among the medical consultants and better private sector and government participation in remote patient monitoring devices is assisting the market for remote patient monitoring devices reside in developing countries. Shortage of trained and expert specialists is hindering the growth of remote patient monitoring market.
The Latin America remote patient monitoring market is segmented on the basis of type into breath monitors, physical activity monitors, heart monitors, haematological monitors and multi-sign monitors. Based on application the market is segregated into cancer treatment, cardiovascular diseases, diabetes treatment, sleep disorder and weight management and fitness monitoring. On the basis of end users market is bifurcated into ambulatory care centers, hospitals and home healthcare. The increasing occurrence of diabetes is a major factor that is predicted to increase the demand for haematology monitoring devices in the global remote patient monitoring devices market.
Based on geography the market is analysed under various regions namely, Mexico, Brazil and Argentina. Mexico is the dominating market for Latin America region and is expected to continue its dominance over the forecast period.
The market contributors involve in mergers and attainments along with new product enhancement in an effort to preserve sustainability. Some key players include Welch Allyn, Bosch, Johnson & Johnson, Intel, Roche, Philips Healthcare, Philips, Healthanywhere Inc, Honeywell, American Telecare, Biotronik, and Covidien Pl
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