Patient Home Monitoring Market is projected to reach USD 117.1 billion by 2027 from USD 23.2 billion in 2020.
Patient Home Monitoring Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.
Global Patient Home Monitoring Market Definition
Remote patient monitoring devices supports patient monitoring of vital signs (heart rate, blood pressure and others) without visiting medical practitioner. This devices are used to monitor patients, gathers medical data, and securely pass the data to the healthcare providers at other location for clinical review. The remote patient monitoring devices helps to control patient healthcare expenditure by reducing hospital stays, encourages patients to shift to self-care and avoid hospital readmissions, with reliable diagnosis. These remote patient monitoring devices allow real-time sharing that allows physicians to take vital decisions to ensure efficient treatment for various physiological parameters. These devices also increase patient engagement and allow patients to manage and understand their own health conditions.
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Key players in the global Patient Home Monitoring market covered:
- CONTEC Medical
- Spacelabs Healthcare
- Jude Medical
- Boston Scientific Corporation
- Philips Healthcare
- Nihon Kohden
- Honeywell
- GE Healthcare
- Medtronic
- Mindray Medical
- Protech Home Medical
- Dragerwerk
- Biotronik
- A&D Medical
On the basis of Types:
- Vital Sign Monitors
- Blood Pressure Monitor
- Pulse Oximeters
- Heart Rate Monitor (ECG)
- Temperature Monitor
On the basis of Applications:
- Cancer Treatment
- Cardiovascular Diseases Treatment
- Diabetes Treatment
- Sleep Disorder Treatment
By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Patient Home Monitoring Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is expected to command the largest share of the patient home monitoring devices market in 2019. The increasing R&D to develop novel sensor based patient monitoring systems, rising prevalence of infectious diseases, safety concerns, and technological advancements in patient monitoring devices products are the key factors supporting market growth in North America.
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Based on the Patient Home Monitoring market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
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