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Posted by smithmorgan on September 9, 2024 at 8:02pm 0 Comments 0 Likes
Posted by smithmorgan on September 9, 2024 at 8:02pm 0 Comments 0 Likes
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Posted by smithmorgan on September 9, 2024 at 8:01pm 0 Comments 0 Likes
Remote Patient Monitoring Market growth is driven by the increasing prevalence of chronic diseases, rising demand for connected healthcare, and the growing adoption of technology-enabled healthcare solutions. Additionally, the increasing demand for cost-effective healthcare solutions and the availability of government initiatives favorable to the adoption of remote patient monitoring systems are expected to drive the market growth.
Currently, Remote Patient Monitoring Market is growing at a Compound Annual Growth Rate (CAGR) of 26.7% to reach USD 175.2 Billion by 2027. Additionally, the growing demand for healthcare services, the increasing prevalence of chronic diseases, the need for early diagnosis, and the need for better healthcare services are also expected to contribute to the growth of the Remote Patient Monitoring Market.
Request for assumptions & how numbers were triangulated.
https://www.marketsandmarkets.com/requestsampleNew.asp?id=77155492
Growth Drivers
Growth Opportunities
Remote Patient Monitoring Industry Trends
1. Increasing Demand for Smart Wearable Devices: The increasing demand for smart wearable devices with features such as activity tracking, remote health monitoring, and advanced biosensing capabilities is expected to drive the growth of the global remote patient monitoring market.
2. Growing Prevalence of Chronic Diseases: The increasing prevalence of chronic diseases such as diabetes, hypertension, and cardiovascular diseases is expected to be a major driver of the remote patient monitoring market.
3. Government Support: Governments around the world are providing financial and regulatory support for remote patient monitoring. This is likely to boost the growth of the market.
4. Increasing Adoption of IoT-Enabled Devices: The increasing adoption of Internet of Things (IoT)-enabled devices is expected to drive the growth of the remote patient monitoring market.
5. Increasing Penetration of Smartphones and Tablets: The increasing penetration of smartphones and tablets is expected to boost the growth of the remote patient monitoring market.
The prominent players operating in the Remote Patient Monitoring Market are
The prominent players operating in the remote patient monitoring market Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers AG (Germany), OMRON Healthcare (Japan), Boston Scientific Corporation (US), Abbott Laboratories (US), Resideo Life Care Solutions (US), Vivify Health, Inc. (US), ALTEN Calsoft Labs (France), Preventice Solutions (US), Bio-Beat Technologies (Israel), VitalConnect (US), Welch Allyn (US), Teladoc Health Inc. (US), Dexcom Inc. (US), iRhythm Technologies, Inc. (US), and VivaLNK Inc. (US)., among others. Players in this market focused on partnerships, collaborations, agreements, acquisitions, mergers, expansions, and product launches & approvals to expand their market presence between January 2018 and December 2021.
Recent Developments
Download an Illustrative Overview:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77155492
North America accounted for the largest share of the remote patient monitoring market, followed by Europe. The large share of North America in the remote patient monitoring market can be attributed to the increasing global population, the rising incidence and prevalence of chronic conditions,, and the rising need to reduce healthcare expenditure.
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