Global Remote Patient Monitoring Solutions Market Is Anticipated To Reach USD 48.5 Billion By 2024

Home Healthcare Segment Is Expected To Occupy 25% Market Share Of Total Remote Patient Monitoring Solutions By 2024

The global remote patient monitoring solutions market is anticipated to reach USD 48.5 billion by 2024 from USD 17.0 billion in 2016, growing at a CAGR of 14% during the forecast period. Asia-Pacific remote patient monitoring solutions market valued USD 4.7 billion in 2016 and is projected to reach approximately USD 13.5 billion by 2024, expanding at a CAGR of around 13.0% during the time period of 2016 to 2024.

Remote patient monitoring technology is an innovative solution for congestive heart failure (CHF), diabetes and pulmonary diseases. In 2012, as per World Health Organization (WHO), 82% of deaths worldwide are caused due cardiovascular diseases, diabetes and chronic respiratory diseases including asthma and chronic obstructive pulmonary disease (COPD). Rising demand for home healthcare devices and equipment by geriatric population is positively impacting on the growth of global remote patient monitoring devices market. Rising popularity of mobile health (m-Health) apps is driving the demand for remote patient monitoring solutions market. Nearly 40% of market share of m-health is occupied by weight loss and management apps in 2016. Qualcomm is responsible for 47% reduction in heart failure readmissions attributed to remote patient monitoring.

According to Goldstein Research, global remote patient monitoring technology market is segmented on the basis of service, application, and end-user. Application segment is further categorized into cancer treatment, diabetes treatment, fitness and wellness monitoring and cardiovascular disease treatment. Cardiovascular disease treatment application segment generated a revenue share of 22% of remote patient monitoring solution market in 2016. Moreover, diabetes treatment application is anticipated to occupy 17% revenue share in global remote patient monitoring solutions market by the end of 2024.

Remote patient monitoring technology market report covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry liposuction device manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Remote Patient Monitoring Technology Segmentation can be classified on the basis of:

Based on Services

  • Telemedicine
  • Telecare
  • Telehealth
  • Other (eHealth, Digital Health)

Based on Application

  • Cancer Treatment
  • Diabetes Treatment
  • Fitness and Wellness Monitoring
  • Cardiovascular Disease Treatment

Based on End-User

  • Hospitals
  • Home Healthcare
  • Clinics
  • Others (Ambulatory Services)

By Geography

  • North America (US, Canada)Remote Patient Monitoring Technology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Remote Patient Monitoring Technology Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Remote Patient Monitoring Technology Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America)Remote Patient Monitoring Technology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Remote Patient Monitoring Technology Market{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

Download Exclusive Sample Reporthttps://www.goldsteinresearch.com/request-sample/global-remote-patient-monitoring-solutions-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

 

Market Trends, Drivers & Challenges

Government investment in improving healthcare facilities and effective treatment is impelling the demand of remote patient monitoring solutions across the globe. Technological advancement in treatment facilities and internet of things (IoT) based connected devices is spurring the growth of remote patient monitoring solutions market globally. Rising frequency of chronic health issues mainly cardiovascular diseases, diabetes, and respiratory problems are driving the adoption rate of remote patient monitoring solutions around the world. Growing health awareness and independent living among people is boosting the demand of remote patient monitoring devices. Lack of trained medical professionals to assist with remote monitoring devices for patients is expected to restrain the adoption rate of remote patient monitoring solutions. The high cost of remote patient monitoring systems and patient privacy concern are majorly hindering the growth of remote patient monitoring solutions.

“Global Remote Patient Monitoring Technology Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global remote patient monitoring technology market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

About Us

Based in the U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East.  In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.

Media Contact
Company Name: Goldstein Research
Contact Person: Steve Blade
Email: Send Email
Phone: +1-6465687747
Address:99 Wall Street, Suite No:- 527
City: New York
State: NY
Country: United States
Website: http://www.goldsteinresearch.com/