(PharmaNewsWire.Com, October 19, 2017 ) According to the report Global Remote Patient Monitoring market, published by Market Data Forecast was worth USD 31.6 billion in 2016 and estimated to be growing at a CAGR of 13.4%, to reach USD 59.26 billion by 2021. Innovative technologies have been transforming the healthcare field in recent years. From electronic patient accounts, telemedicine devices, remote patient monitoring, and other health IT systems, the medical business is rapidly becoming more digital and practical. All of these capabilities are meant to improve patient care, enhancing public health outcomes, and dropping overall medical costs.
Remote patient monitoring is becoming a sturdy market amongst healthcare suppliers. Emerging remote patient monitoring systems are expected to incorporate current technologies influencing the healthcare industry such as wearable devices or telemedicine. A shift from an irregular model to a vibrant constant care model will permit the probability of primary detection and response of healthcare contributors.
The increasing economic problem on medical clinics and hospitals for patient admittance is the major factor boosting the global remote patient monitoring devices market in the forecast period. Cloud computing is also a key driver of this individual market, which is estimated to surge connectivity immensely in the coming years. Conversely, the shortage in sustaining the safety and secrecy of the data is the key factor obstructing the growth of this market.
Remote Patient monitoring Market is segmented based on Type, Application, End user and Region
1. Based on Type • Breath Monitors • Physical Activity Monitors • Heart Monitors • Haematological Monitors • Multi-Sign Monitors
2. Based on Application • Cancer Treatment • Cardiovascular Diseases • Diabetes Treatment • Sleep Disorder and • Weight Management and Fitness Monitoring
3. Based on End User • Ambulatory Care Centers • Hospitals • Home Healthcare
4. Based on Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa
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 Plc.
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