Fitness Trends Global Remote Patient Monitoring Devices Market

Remote Patient Monitoring Devices Market Expected to Be
Emerging Market by 2025 Evaluated By Global Players Abbott
Laboratories, GE Healthcare, Omron Healthcare, Medtronic
Remote patient monitoring devices allow for digital collection of medical health data from one
location and electronically transmit the information to health care providers to another location
for recommendation and assessments. The monitoring devices collect wide range of healthcare
data from the point of care, which includes blood pressure, blood oxygen levels, heart rates,
electrocardiograms, vital signs and blood sugar. The data obtained through the devices is then
transmitted to health professionals in facilities such as hospitals, intensive care units and
nursing facilities. Healthcare is revolutionized by Health Information Technologies (HITs) by
becoming mainstream tools to assist patients in decision-making and self-monitoring and
consequently, driving a shift towards a care model centered on the use of digital and web-based
tools.
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The global remote patient monitoring devices market is estimated to be valued at US$ 856.8
million in 2017 and is expected to witness a CAGR of 7.1 % during the forecast period (2017 –
2025).
Market Dynamics
The market is gaining significant traction due to rising prevalence rate of hypertension and
diabetes. Management of these chronic conditions include a lifelong collaboration with the
healthcare professionals. According to the World Health Organization 2012, an estimated 1.5
million deaths were directly caused by diabetes and another 2.2 million deaths were attributable
to hyperglycemia or high blood glucose levels. The technological innovations and developments
of remote monitoring products are contributing to the market growth. For instance, the FDA
approval of CGM remote mobile communications device Dexcom SHARE, an accessory of
Dexcom G4 PLATINUM Continuous Glucose Monitoring System, uses a secure wireless