Transparency Market Research has released a new report called “Global Remote Patient Monitoring Equipment Market”. According to the report, the global remote patient monitoring equipment market is valued at US$800 million in 2019. It is expected to grow at a compound annual growth rate of 12.5% from 2020 to 2030. Remote patient monitoring (RPM) is a method of providing healthcare. It uses the latest advances in information technology to obtain patient data, which is part of the traditional healthcare environment. The COVID-19 pandemic, connected health, and RPM are even more important because they enable doctors to monitor patients without contacting them, thereby preventing the spread of the new coronavirus.
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In terms of products, the global remote patient monitoring equipment market has been divided into vital signs monitors and dedicated monitors. Vital sign monitors are subdivided into heart rate monitors (ECG), blood pressure monitors, respiratory rate monitors, brain monitors (EEG), temperature monitors, pulse oximeters, etc. The heart rate monitor (ECG) segment accounted for a major share of the global remote patient monitoring equipment market in 2019. Due to the increased demand for proper parameter testing, this market segment is expected to grow at a high compound annual growth rate during the forecast period and to prevent this disease worldwide. Special monitors are subdivided into blood glucose monitors, fetal heart rate monitors, multi-parameter monitors (MPM), anesthesia monitors, prothrombin monitors, etc.
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According to the application, the global remote patient monitoring equipment market has been divided into cardiovascular diseases, diabetes, cancer, hypertension, infection, bronchitis, dehydration, sleep disorders, weight management and health monitoring. The cardiovascular disease department occupied an important share of the global remote patient monitoring equipment market in 2019. In terms of end users, the global remote patient monitoring equipment market is divided into hospital patients, home care, and outpatients. In 2019, the hospital-based patient segment has an important share in the global remote patient monitoring equipment market.
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North America accounted for a major share of the global remote patient monitoring equipment market in 2019. The presence of major players and the growth strategies adopted by these players are the main factors driving the remote patient monitoring equipment market in this region. Increased awareness of the benefits of disease prevention and increased healthcare expenditures have expanded the market for remote patient monitoring equipment in North America. The Asia-Pacific region accounted for the second largest share of the global remote patient monitoring equipment market in 2019. The expansion of the remote patient monitoring equipment market in the Asia-Pacific region can be attributed to the increase in infectious diseases and the development of the healthcare industry in the region. During the forecast period, the remote patient monitoring equipment market in the Asia-Pacific region may expand rapidly. The development of remote patient monitoring equipment and other pharmaceutical products to cope with disease problems, as well as increasing awareness of routine inspections and diagnosis are the main factors that are expected to promote the development of the remote patient monitoring equipment market in this region.
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Major players are expanding their footprint to consolidate their position in the global remote patient monitoring equipment market. Healthcare professionals and owners pay more attention to prevention and health, providing key players with profitable opportunities to increase their share of the global remote patient monitoring equipment market. Therefore, manufacturers are engaged in the development, cooperation and distribution of new products to gain market share. Leading companies operating in the global remote patient monitoring equipment market include Koninklijke Philips NV, GE Healthcare, Boston Scientific Corporation, Omron Healthcare, Medtronic Plc., Welch Allyn, Abbott Laboratories, Masimo Corporation, Hoffmann-La Roche Ltd. and Shenzhen Mindray Bio- Medical Electronics Co., Ltd.
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Post time: Jul-21-2021