Global Remote Patient Monitoring Devices And Equipment Market Trends And Strategies Of Major Players In The Remote Patient Monitoring Devices And Equipment Market 2021-2030

16 Sep, 2021

The remote patient monitoring devices and equipment market consists of sales of remote patient monitoring devices and equipment and related services. Remote patient monitoring devices and equipment allow a patient to use a mobile medical device for undergoing a routine test and send the test data to a healthcare expert in real-time.

Global Remote Patient Monitoring Devices And Equipment Market Size And Drivers:

The global remote patient monitoring devices and equipment market is expected to decline from $0.58 billion in 2020 to $0.56 billion in 2021 at a compound annual growth rate (CAGR) of -3.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $0.85 billion in 2025 at a CAGR of 11%. The growing demand for global remote patient monitoring devices and equipment market to meet the needs of shortage of skilled healthcare professionals is expected to drive the global remote patient monitoring devices and equipment.

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Trends In The Global Remote Patient Monitoring Devices And Equipment Market

Remote patient monitoring device manufacturers are increasingly integrating IoT and wireless technology with remote patient monitoring devices to efficiently diagnose and treat medical conditions. Wireless sensor technology such as biosensor monitoring devices is multi-sensor systems implanted or embedded into the skin, consisting of a sensor that transmits data for real-time monitoring of a patient’s medical condition. IoT technology enables healthcare service providers to remotely monitor patients’ health parameters. These devices are miniaturized multi-sensing devices, aiding healthcare professionals to monitor blood pressure, blood glucose levels, and physiological parameters, and recommend the appropriate treatment. Major companies offering IoT and wireless sensor technology integrated patient monitoring devices include Xsensio, InSilixa, 1Drop Diagnostics, Kenzen.

Global Remote Patient Monitoring Devices And Equipment Market Segments:
The global remote patient monitoring devices and equipment market is further segmented –
By Type Of Device: Heart Monitors, Breath Monitors, Haematology Monitors, Multi-Parameter Monitors
By End User: Home Care Settings, Clinics, Hospitals
By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Monitoring And Fitness Monitoring, Other Applications
By Geography: The global remote patient monitoring devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Remote Patient Monitoring Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides remote patient monitoring devices and equipment market overviews, analyzes and forecasts market size and growth for the global remote patient monitoring devices and equipment market, remote patient monitoring devices and equipment market share, remote patient monitoring devices and equipment market players, remote patient monitoring devices and equipment market segments and geographies, remote patient monitoring devices and equipment market’s leading competitors’ revenues, profiles and market shares. The remote patient monitoring devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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