Increasing Prevalence of Chronic Diseases Set to Propel Growth in Remote Patient Monitoring Devices Market: TMR

Increasing Prevalence of Chronic Diseases Set to Propel Growth in Remote Patient Monitoring Devices Market: TMR

PR Newswire

ALBANY, N.Y., Oct. 7, 2020

- Rapidly ageing population will be a notable growth factor in the market over the forecast period

- Innovation and technological improvement to be key growth determiners for players operating here

- Presence of key players and large number of aged people in the North American region will account for a significant market share

ALBANY, N.Y., Oct. 7, 2020 /PRNewswire/ -- From 2020 to 2030, the global remote patient monitoring devices market will record a stellar growth rate of about 12.5%, compounded annually. It will add notably to market worth. It is pertinent to note here that in the year 2019, valuation was pegged at USD 0.8 billion. By 2030, the market will touch mark of USD 3.4 billion.

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As per Transparency Market Research, "The robust CAGR will lead to creation and availability of a string of profitable growth opportunities in the vendor landscape. Factors such as rapidly ageing population across the world, increasing incidence and prevalence of chronic diseases, and technological advancement will help the market record growth."

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Key Findings of Global Remote Patient Monitoring Devices Market Study:

For a detailed analysis of global remote patient monitoring devices market by product, end-user, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/401

Key Drivers of Growth in Global Remote Patient Monitoring Devices Market:

Regional Analysis of Global Remote Patient Monitoring Devices Market:

Analyze global remote patient monitoring devices market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php

Competitive Analysis of Global Remote Patient Monitoring Devices Market:

Transparency Market Research (TMR) has deep dived into the competitive landscape of global remote patient monitoring devices market over the forecast period to provide granular information regarding growth dynamics. It notes that vendor landscape of the market is moderately fragmented and quite competitive. The TMR report delineates information on company overview, product portfolio, financial overview, and recent developments.

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Players that have left a mark on the global remote patient monitoring devices market and are active and aggressive as far as claiming revenue share is concerned include Koninklijke Philips N.V., 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., among others.

It is quite pertinent to note here that leading players are making use of strategies that revolve around improvement in technology and innovation. Alliances and product development are other strategies that pave way for growth.

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Global Remote Patient Monitoring Devices Market: Segmentation

Remote Patient Monitoring Devices Market, by Product

Remote Patient Monitoring Devices Market, by Application

Remote Patient Monitoring Devices Market, by End User

Remote Patient Monitoring Devices Market, by Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Vital Signs Monitoring Systems Market: The growing prevalence of chronic diseases worldwide, surge in the geriatric population, and favorable reimbursement policies are some of the leading factors that are expected to boost the growth of the vital signs monitoring systems market during the forecast period. Thus, the global vital signs monitoring systems market is expected to reach a value of ~US$ 11.8 Bn by the end of 2027

Refurbished Medical Equipment Market: The global refurbished medical equipment market was valued at ~US$ 8 Bn in 2018 and is projected to expand at a high CAGR from 2019 to 2027. Rise in prevalence of various chronic conditions, stringent regulatory scenarios for refurbished medical equipment, favorable reimbursement policies; rising mergers & acquisitions; and presence of key players, especially in developing countries, are anticipated to propel the market

Wearable Medical Devices Market: The global wearable medical devices market was valued at approximately US$ 6.8 Bn in 2017 and is anticipated to reach a value of approximately US$ 29.6 Bn by 2026, expanding at a CAGR of 17.7% from 2018 to 2026. The market is driven by the rise in prevalence of chronic pain, increase in diabetic population, increase in the geriatric population, and a surge in the rate of adoption of technologically advanced wearable medical products.

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