Remote Patient Monitoring (RPM) Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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  • Remote Patient Monitoring (RPM) Market: Market Segments: By Type (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Other); By Application (Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management and Fitness Monitoring and Other); By End User (Home Care Settings, Hospital/Clinics and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

    Product Overview

    Remote patient monitoring (RPM) is a technology used to collect medical and health-related data from individuals at one location and electronically transmit it to a healthcare provider at another location. RPM is used to remotely monitor and analyze physiological parameters such as blood oxygen levels, blood pressure, vital signs, heart rate, and blood sugar, which improves the quality of care, quality of life, and allows early prediction of aggravations and exacerbations.

    Market Highlights

    Remote Patient Monitoring (RPM) Market is expected to project a notable CAGR of 38.6% in 2030.

    Remote Patient Monitoring (RPM) Market to surpass USD 125.1 Million by 2030 from USD 23.5 Million in terms of value growing at a CAGR of 38.6% throughout the forecast period, i.e., 2020-30. The rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth and remote patient monitoring, benefits of RPM to reduce the burden on medical resources, advancements in telecommunications, growing incidences of chronic diseases, and increasing investments in telehealth and RPM are the major factors driving the growth of this market.

    Remote Patient Monitoring (RPM) Market: Segments

    Heart Monitor Segment to grow with the highest CAGR during 2020-30

    Remote Patient Monitoring (RPM) Market is segmented by type as heart monitors, breath monitors, hematology monitors, multi-parameter monitors, and other. The Heart Monitor segment is estimated to lead the market with a share of over 80.0% of remote patience monitoring market in 2019 and this trend is expected to continue during the forecast period. Heart rate monitor is identified as the dominating product sub-segment due to the increasing incidence of cardiac conditions globally.

    Remote Patient Monitoring (RPM) Market: Market Dynamics

    Drivers

    Rising Burden of Chronic Diseases

    Chronic heart diseases, diabetes, and chronic respiratory diseases are the leading cause of mortality and morbidity in the world. Chronic care management accounts for 75% of the healthcare costs. The increase in prevalence of chronic conditions places an enormous financial burden on the caregivers. Thus, it reduces the readmissions and prevents avoidable hospitalizations. Moreover, these technologies decrease a number of unnecessary trips to the doctor’s office and reduce travel-related expenses that are necessary to receive quality medical care.

    Restrain

    Stringent Regulatory Framework

    The major factors, such as lack of awareness and issues pertaining to price constraints, restrain the growth of RPM market. Despite significant factors driving the wider adoption of remote patient monitoring systems, resistance from the healthcare industry professionals toward the adoption of the patient monitoring system, lack of proper reimbursement policies, and stringent regulatory framework are the challenges faced by the market.

    Remote Patient Monitoring (RPM) Market: Key Players

    • Abbott Laboratories

    • Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

    • Aerotel Medical Systems

    • AMD Global Telemedicine

    • Baxter International Inc.

    • Boston Scientific Corporation

    • GE Healthcare

    • Masimo Corporation

    • Medtronic PLC

    • Omron Corporation

    Remote Patient Monitoring (RPM) Market: Regions

    Remote Patient Monitoring (RPM) Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

    Remote Patient Monitoring (RPM) Market in North America led the market in 2019. Increasing geriatric population, the incidence of chronic diseases, demand for wireless and portable systems coupled with the presence of sophisticated reimbursement structure aimed at cutting out of pocket expenditure levels are the major factors attributed to the regional growth. Europe, especially the Western European countries, due to a higher mortality rate and rising demand for low-cost treatment, is expected to remain the second most profit-generating region over the forecast period. Rising demand for in-house monitoring, supportive central data management systems and rising accuracy and efficiency of remote patient monitors are the high impact rendering drivers for the regional growth.

    Remote Patient Monitoring (RPM) Market report also contains analysis on:

    Remote Patient Monitoring (RPM) Market Segments:

    By Type:

    • Heart Monitors

    • Breath Monitors

    • Hematology Monitors

    • Multi-parameter Monitors

    • Other

    By Application:

    • Cancer Treatment

    • Cardiovascular Diseases

    • Diabetes Treatment

    • Sleep Disorder

    • Weight Management and Fitness Monitoring

    • Other Applications

    By End User:

    • Home Care Settings

    • Hospital/Clinics

    • Other

    • Remote Patient Monitoring (RPM) Market Dynamics

    • Remote Patient Monitoring (RPM) Market Size

    • Supply & Demand

    • Current Trends/Issues/Challenges

    • Competition & Companies Involved in the Market

    • Value Chain of the Market

    • Market Drivers and Restraints

    FAQs on Remote Patient Monitoring (RPM) Market

    · Which segment is anticipated to hold the largest market share

    · At what CAGR is the market anticipated to grow between 2020 and 2030

    · Who are the key players in the Remote Patient Monitoring (RPM) Market

    · What could be the challenging factors in the growth of Remote Patient Monitoring (RPM) Market

    · What are the growth drivers for the Remote Patient Monitoring (RPM) Market

     

  • With tables and figures helping analyze worldwide Remote Patient Monitoring (RPM) market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Contents

    1. Executive Summary

    2. Remote Patient Monitoring (RPM) Market
    2.1. Product Overview
    2.2. Market Definition
    2.3. Segmentation
    2.4. Assumptions and Acronyms

    3. Research Methodology
    3.1. Research Objectives
    3.2. Primary Research
    3.3. Secondary Research
    3.4. Forecast Model
    3.5. Market Size Estimation

    4. Average Pricing Analysis

    5. Macro-Economic Indicators

    6. Market Dynamics
    6.1. Growth Drivers
    6.2. Restraints
    6.3. Opportunity
    6.4. Trends

    7. Correlation & Regression Analysis
    7.1. Correlation Matrix
    7.2. Regression Matrix

    8. Recent Development, Policies & Regulatory Landscape

    9. Risk Analysis
    9.1. Demand Risk Analysis
    9.2. Supply Risk Analysis

    10. Remote Patient Monitoring (RPM) Analysis
    10.1. Porters Five Forces
    10.1.1. Threat of New Entrants
    10.1.2. Bargaining Power of Suppliers
    10.1.3. Threat of Substitutes
    10.1.4. Rivalry
    10.2. PEST Analysis
    10.2.1. Political
    10.2.2. Economic
    10.2.3. Social
    10.2.4. Technological

    11. Remote Patient Monitoring (RPM) Market
    11.1. Market Size & forecast, 2019A-2030F
    11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    12. Remote Patient Monitoring (RPM): Market Segmentation
    12.1. By Regions
    12.1.1. North America:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.2. Europe:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.3. Asia-Pacific:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.4. MEA:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.1.5. Latin America:
    • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2. By Type: Market Share (2020-2030F)
    12.2.1. Heart Monitors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.2. Breath Monitors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.3. Hematology Monitors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.4. Multi-parameter Monitors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.5. Other, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    12.3 By Application: Market Share (2020-2030F)

    12.3.1. Cancer Treatment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.2. Cardiovascular Diseases, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.3. Diabetes Treatment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.4. Weight Management and Fitness Monitoring, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.5. Sleep Disorder, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.3.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.4. By Type: Market Share (2020-2030F)
    12.4.1. Home Care Settings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.4.2. Hospital/Clinics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    12.2.3. Other, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

    13. Company Profile
    13.1.1. Abbott Laboratories
    13.1.2. Company Overview
    13.1.3. Company Total Revenue (Financials)
    13.1.4. Market Potential
    13.1.5. Global Presence
    13.1.6. Key Performance Indicators
    13.1.7. SWOT Analysis
    13.1.8. Product Launch
    13.2. Aerotel Medical Systems
    13.3. AMD Global Telemedicine
    13.4. Baxter International Inc.
    13.5. Boston Scientific Corporation
    13.6. GE Healthcare
    13.7. Masimo Corporation
    13.8. Medtronic PLC
    13.9. Omron Corporation

    14 Consultant Recommendation
    **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

     

  • The Remote Patient Monitoring (RPM) Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • .
    • • Aerotel Medical Systems
    • • AMD Global Telemedicine
    • • Baxter International Inc.
    • • Boston Scientific Corporation
    • • GE Healthcare
    • • Masimo Corporation
    • • Medtronic PLC
    • • Omron Corporation
    By Regions:
    • North America
    • Latin America
    • Europe
    • APAC and MENA
    By Type:
    • (Heart Monitors
    • Breath Monitors
    • Hematology Monitors
    • Multi-parameter Monitors
    • and Other);
    By Application:
    • (Cancer Treatment
    • Cardiovascular Diseases
    • Diabetes Treatment
    • Sleep Disorder
    • Weight Management and Fitness Monitoring and Other);
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Research objectives

Where will all these developments take the industry in the long

To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

What are the future opportunities in the market?

To understand the structure of Market by identifying its various subsegments.

What are the major driving forces expected to impact the development of the market market across different regions?

To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

To project the consumption of market submarkets, with respect to key regions.

Who are the major driving forces expected to decide the fate of the industry worldwide.

To strategically profile the key players and comprehensively analyze their growth strategies.

What are the key barriers and threats believed to hinder the development of the industry?

To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

Who are the prominent market players making a mark in the market with their winning strategies?

To share detailed information about the key factors influencing the growth of the market

What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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