Knowledge Sourcing Intelligence announces the publication of a new analysis report on the “Remote Patient Monitoring Market - Forecasted from 2019 to 2026”
The prime factor driving the growth of remote patient monitoring market is the increasing percentage of geriatric population. The reduction expenditure for remote patient monitoring compared to the manual method also drives the growth remote patient monitoring market.
As per the report, the Remote Patient Monitoring Market is projected to grow at a CAGR of 22.94% to reach US$85.031 billion by 2026, from US$20.027 billion in 2019.
Remote patient monitoring is the system of assisting the support of digital technologies to collect medical and various other forms of health data and transmit them to a healthcare provider. The method is not at all location-specific. The health data of patients can be collected from the residence itself by reducing the nursing and hospitalization expenditure. The major advantage of Remote patient monitoring is reduction in medical expenditure as the entire hospitalization cost gets eliminated by this simple system adapted. The support of telehealth and developments in technology in the field health care paves way for the growth of remote patient monitoring market.
Based on types of devices the market of remote patient monitoring is segmented as Vital signs monitor, Glucose monitor, Blood pressure monitor, heart rate monitors, Respiratory monitors, and others. The segmentation and introduction of all these devices supports and aids the growth and development of remote patient monitoring in the global market.
Based on end-user the help and support of remote patient monitoring systems is employed in different fields in the health sector. The segmentation of remote patient monitoring based end-user is classified as its used in hospitals, clinics, ambulance, and homecare. The establishment of this method in these end-users boosts the demand for patient monitoring in the market.
By the type of region, the segmentation of remote patient monitoring is taken as North America, South America, Europe, Asia Pacific, Middle east and Africa. The region of Europe and Asia pacific is showing substantial growth in the remote patient monitoring market compared to that of other regions.
As a part of the report, the major players operating in the Remote patient Monitoring market, that have been covered are, Philips healthcare, Abbott laboratories, GE health care, Boston scientific corporation, Biotronik Se, Honey well international, Inc., Nihon Kohden Corporation, OSI Systems, Inc, AMC, Inc., Qualcomm Life, Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/remote-patient-monitoring-market
This analytics report segments the Remote patient monitoring market on the following basis