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Remote Patient Monitoring Devices Market, By Products (Vital Sign Monitors and Special Monitors), and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated
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Published by AnalystView: 01 Apr 2020 | 270559 | In Stock
Related Topics: Blood , Consumer , COVID , Electronic , Healthcare , Patient Monitoring , Reimbursement , Respiratory , Roche

Introduction

REPORT HIGHLIGHT

The Remote Patient Monitoring Devices market is estimated to represent a global market of USD 690.3 million by 2019 with growth rate of 18.4%.

Market Dynamics

Remote patient monitoring devices enable patients in disease monitoring outside of conventional clinical facilities. Use of such medical equipment increase access to the clinical care and minimize patient’s healthcare cost. Increasing incidences of chronic diseases globally play an important role in driving the demand for remote patient monitoring devices. For example, as per the World Health Organization, major chronic conditions such as diabetes, cancer, cardiovascular diseases, respiratory disorders, and other life-threatening diseases account for more than 60.0% of the total number of deaths and 43.0% of the global burden of disease.

Additionally, growing geriatric population, advancement in technologies coupled with rising demand for wireless and portable medical devices support the worldwide market growth. However, the industry is stifled by some key impediments such as lack of sufficient reimbursements and increasing concerns over data security.

Product Takeaway

In terms of products, the market is divided into a vital sign and special monitors. Special monitors accounted for the highest share of the worldwide market. In 2019, this segment captured around 82% share of overall industry owing to its high cost coupled with increasing incidences of chronic disease conditions. Vital sign devices cover Blood Pressure, Heart Rate (ECG), Respiratory Rate, Brain Monitoring (EEG), and Others.

These equipment function as a surveillance system, which continuously monitors, analyze and record vital signs of a patient. Growing demand for a healthy and independent living has opened up a significant opportunity for vital signs monitors which have been identified as the most lucrative product segment of this market. Among different vital sign products, brain monitoring devices recorded the lowest revenue, capturing around 1.5% revenue share throughout the study period. These devices are primarily used to record electrical activity and thus the presence of any abnormalities in the brain.

Cumulative Effect of COVID-19 Outbreak

This proposed study includes the possible impact of COVID-19 crisis on remote patient monitoring devices market which will help clients to plan short term & long-term strategies to foster growth post COVID-19 pandemic. Short term strategies will lead to smooth supply chain scenarios & long term strategies will lead to agile & flexible marketing models with innovative business plans. An additional chapter in this report discuss the impact of COVID-19 on the global Remote Patient Monitoring market, as well as it will cover detailed highlight on top performer segments, top losers and marginal growth product segments.

Regional Takeaway

Regionally, North America and Europe accounted for the highest share of the overall industry, captured more than 65% revenue share in 2019. North America is the dominant region in global market owing to the rising chronic disease incidences coupled with favorable reimbursement schemes. For example, in the U.S., vital Sign Monitors such as blood pressure monitors, thermometers, and pulse oximeters are eligible for reimbursement schemes. Some of the schemes they are eligible for are HAS (Health Saving Account), FSA (Flexible Spending Account) and HRA (Health Reimbursement Arrangement). On another side, technology innovation is likely to help key players to create a new market in the developing region, primarily in smaller towns and rural areas, and leapfrog to the next level of growth.

Key Vendor Takeaway

Large number of companies in the remote patient monitoring equipment is preparing to inject new investments to introduce advanced products. Companies such as Roche Diagnostics, Honeywell, Phillips Healthcare, Welch Allyn, and Johnson & Johnson are considered to be the prominent players in this industry. Companies are actively involved in new product innovation and strategic mergers and acquisitions in order to maintain their significant presence. For instance, in 2019, Omron Healthcare, Inc. introduced blood pressure monitors at the Consumer Electronics Show (CES) in the U.S. The company is aimed to strengthen the company’s product portfolio in personal heart health technology through such introduction.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

REMOTE PATIENT MONITORING DEVICES MARKET, BY PRODUCT

Vital Sign Monitors

Blood Pressure Monitors

Heart Rate (ECG) Monitors

Respiratory Rate Monitors

Brain Monitoring (EEG) Devices

Others

Special Monitors

Cardiac Rhythm Monitors

Anaesthesia Monitors

Blood Glucose Monitors

Respiratory Monitors

Multi-Parameter Monitors (MPM)

Others

REMOTE PATIENT MONITORING DEVICES MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

Table of Contents
for Remote Patient Monitoring Devices Market, By Products (Vital Sign Monitors and Special Monitors), and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

  • TABLE OF CONTENT

    1. REMOTE PATIENT MONITORING DEVICES MARKET OVERVIEW

    1.1. Study Scope

    1.2. Assumption and Methodology

    2. EXECUTIVE SUMMARY

    2.1. Key Market Facts

    2.2. Geographical Scenario

    2.3. Companies in the Market

    3. REMOTE PATIENT MONITORING DEVICES KEY MARKET TRENDS

    3.1. Market Drivers

    3.1.1. Impact Analysis of Market Drivers

    3.2. Market Restraints

    3.2.1. Impact Analysis of Market Restraints

    3.3. Market Opportunities

    3.4. Market Future Trends

    4. REMOTE PATIENT MONITORING DEVICES INDUSTRY STUDY

    4.1. Porter’s Analysis

    4.2. Market Attractiveness Analysis

    4.3. Regulatory Framework Analysis

    4.4 REMOTE PATIENT MONITORING DEVICES MARKET: COVID-19 IMPACT ANALYSIS

    4.4.1 Pre-COVID-19 Impact Analysis

    4.4.2 Post-COVID-19 Impact Analysis

    4.4.3 Top Performing Segments

    4.4.4 Marginal Growth Segments

    4.4.5 Top Looser Segments

    4.4.6 Marginal Loss Segments

    5. REMOTE PATIENT MONITORING DEVICES MARKET LANDSCAPE

    5.1. Market Share Analysis

    6. REMOTE PATIENT MONITORING DEVICES MARKET – BY PRODUCT

    6.1. Overview

    6.2. Vital Sign Monitors

    6.2.1. Overview

    6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.2.3. Blood Pressure Monitors

    6.2.3.1. Overview

    6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.2.4. Heart Rate (ECG) Monitors

    6.2.4.1. Overview

    6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.2.5. Respiratory Rate Monitors

    6.2.5.1. Overview

    6.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.2.6. Brain Monitoring (EEG) Devices

    6.2.6.1. Overview

    6.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.2.7. Others

    6.2.7.1. Overview

    6.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3. Special Monitors

    6.3.1. Overview

    6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3.3. Cardiac Rhythm Monitors

    6.3.3.1. Overview

    6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3.4. Anaesthesia Monitors

    6.3.4.1. Overview

    6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3.5. Blood Glucose Monitors

    6.3.5.1. Overview

    6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3.6. Respiratory Monitors

    6.3.6.1. Overview

    6.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3.7. Multi-Parameter Monitors (MPM)

    6.3.7.1. Overview

    6.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    6.3.8. Others

    6.3.8.1. Overview

    6.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7. REMOTE PATIENT MONITORING DEVICES MARKET– BY GEOGRAPHY

    7.1. Introduction

    7.2. North America

    7.2.1. Overview

    7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.2.3. U.S.

    7.2.3.1. Overview

    7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.2.4. Canada

    7.2.4.1. Overview

    7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.3. Europe

    7.3.1. Overview

    7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.3.3. France

    7.3.3.1. Overview

    7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.3.4. Germany

    7.3.4.1. Overview

    7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.3.5. Rest of Europe

    7.3.5.1. Overview

    7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.4. Asia Pacific (APAC)

    7.4.1. Overview

    7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.4.3. China

    7.4.3.1. Overview

    7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.4.4. India

    7.4.4.1. Overview

    7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.4.5. Rest of APAC

    7.4.5.1. Overview

    7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.5. Rest of the World

    7.5.1. Overview

    7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.5.3. Latin America

    7.5.3.1. Overview

    7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    7.5.4. Middle East and Africa

    7.5.4.1. Overview

    7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016-2027, (US$ Million)

    8. KEY VENDOR ANALYSIS

    8.1. Roche Diagnostics

    8.1.1. Company Overview

    8.1.2. SWOT Analysis

    8.1.3. Key Developments

    8.2. Honeywell

    8.2.1. Company Overview

    8.2.2. SWOT Analysis

    8.2.3. Key Developments

    8.3. Phillips Healthcare

    8.3.1. Company Overview

    8.3.2. SWOT Analysis

    8.3.3. Key Developments

    8.4. Welch Allyn

    8.4.1. Company Overview

    8.4.2. SWOT Analysis

    8.4.3. Key Developments

    8.5. Johnson & Johnson

    8.5.1. Company Overview

    8.5.2. SWOT Analysis

    8.5.3. Key Developments

    9. 360 DEGREE ANALYSTVIEW

    10. APPENDIX

    10.1. Research Methodology

    10.2. Abbreviations

    10.3. Disclaimer

    10.4. Contact Us

List Of Tables
in Remote Patient Monitoring Devices Market, By Products (Vital Sign Monitors and Special Monitors), and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Tables

Table 1 List of Acronyms

Table 2 Key Market Facts, 2016 – 2027

Table 3 Market Drivers: Impact Analysis

Table 4 Market Restraint: Impact Analysis

Table 5 Market Opportunity: Impact Analysis

Table 6 PEST Analysis

Table 7 Porter’s Five Forces Analysis

Table 8 Company Market Share Analysis

Table 9 Global Remote patient monitoring devices Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

Table 10 Remote patient monitoring devices Market, by Product, 2016 – 2027 (USD Million)

Table 11 Remote patient monitoring devices Market, by Geography, 2016 – 2027 (USD Million)

Table 12 North America Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 13 U.S. Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 14 Canada Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 15 Europe Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 16 France Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 17 Germany Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 18 Asia Pacific Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 19 China Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 20 India Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 21 Latin America Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

Table 22 MEA Remote patient monitoring devices Market, 2016 – 2027 (USD Million)

List Of Figures, Charts and Diagrams
in Remote Patient Monitoring Devices Market, By Products (Vital Sign Monitors and Special Monitors), and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Figures

Figure 1 Research Methodology

Figure 2 Research Process Flow Chart

Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)

Figure 4 Regulatory Framework Analysis

Figure 5 Remote patient monitoring devices Market, by Products, 2016 – 2027 (USD Million)

Figure 6 Remote patient monitoring devices Market, by Geography, 2016 – 2027 (USD Million)

Additional Details

Publisher

AnalystView

Publisher Information

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.



These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.



We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.



We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.



It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

Reference

270559 | AV193

Number of Pages

199

Report Format

PDF

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This report is published by AnalystView

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.

These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.

We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.

We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.

It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

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