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Remote Patient Monitoring Devices Market to Reach Value of US$ 3.4 Bn by 2030, States TMR Study

·6 min read

WILMINGTON, DE / ACCESSWIRE / September 5, 2022 / Transparency Market Research Inc. - As per an assessment by Transparency Market Research (TMR), the global remote patient monitoring devices market is prognosticated to expand at a CAGR of 12.5% during the forecast period, between 2020 and 2030. Hence, the market for remote patient monitoring devices is expected to reach to a value of US$ 3.4 Bn by the end of 2030.

The report by TMR offers thorough assessment of major factors impacting the growth of the global remote patient monitoring devices market. Hence, this study covers analysis of the growth drivers, growth restraints, expansion opportunities, challenges, recent developments, and ongoing trends of the remote patient monitoring devices market. In addition, this study sheds light on important statistics including the share, revenue, sales, and production in the market for remote patient monitoring devices.

Leading companies in the remote patient monitoring devices market are investing in R&Ds in order to develop technologically advanced products. Such initiatives are helping enterprises in new product launches as well as the expansion of their product portfolios, note analysts of a TMR report on the remote patient monitoring devices market. In the recent years, major conventional medical device producers are focusing on the expansion of their product portfolio and launching remote patient monitoring devices incorporated with next-gen technologies such as IoT. Such technological advancements are prognosticated to boost the market growth in the near future.

The uptake of remote patient monitoring devices is being increasing across many emerging economies such as India due to many factors including improving spending power of regional people and the presence of attractive reimbursement policies in the nation. These factors, in turn, are fueling the sales growth in the India market for remote patient monitoring devices, note researchers at TMR.

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Remote Patient Monitoring Devices Market: Key Findings

  • The popularity of remote patient monitoring devices is being increasing in the healthcare industry owing to their different advantages, owing to which there has been drastic reduction in the hospital stay of patients. Thus, increase in the utilization of these devices is bolstering the global remote patient monitoring devices market. This aside, the market is being driven by a rise in the demand for innovative, cost-effective, and dependable remote patient monitoring devices globally.

  • The government authorities of several developed and developing nations around the world are focusing on the public health and advancing their healthcare facilities. This factor is resulting into significant opportunities for the remote patient monitoring devices market development.

  • The understanding on advantages of remote patient monitoring devices is being increasing in the recent years among people across the globe. Moreover, there has been a surge in the adoption of technologically advanced equipment by this population pool globally. These factors are resulting into sizable opportunities for growth in the remote patient monitoring devices market, according to researchers at TMR.

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Remote Patient Monitoring Devices Market: Growth Boosters

  • Rise in the prevalence of different chronic diseases globally is fueling the need for remote patient monitoring devices

  • Surge in the understanding pertaining to the healthcare is boosting the business prospects in the remote patient monitoring devices market

Remote Patient Monitoring Devices Market: Key Players

Some of the key players profiled in the report are:

  • GE Healthcare

  • Koninklijke Philips N.V.

  • Omron Healthcare

  • Boston Scientific Corporation

  • Welch Allyn

  • Medtronic Plc.

  • Abbott Laboratories

  • Hoffmann-La Roche Ltd.

  • Masimo Corporation

  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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Remote Patient Monitoring Devices Market Segmentation

Product

  • Vital Sign Monitors

    • Heart Rate Monitors (ECG)

    • Blood Pressure Monitors

    • Respiratory Rate Monitors

    • Brain Monitoring (EEG)

    • Temperature Monitors

    • Pulse Oximeters

    • Others

  • Special Monitors

    • Blood Glucose Monitors

    • Fetal Heart Monitors

    • Multi-Parameter Monitors (MPM)

    • Anesthesia Monitors

    • Prothrombin Monitors

    • Others

End User

  • Hospital-based Patients

  • Homecare

  • Ambulatory Patients

  • Others

Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

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View source version on accesswire.com:
https://www.accesswire.com/714685/Remote-Patient-Monitoring-Devices-Market-to-Reach-Value-of-US-34-Bn-by-2030-States-TMR-Study