basis of end-user, the remote patient monitoring devices market is categorized into hospitals,
home care settings, long term care centers and others. For comprehensive understanding of
market dynamics, the global remote patient monitoring devices market is analyzed across key
geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and
Middle East. Each of these regions is analyzed on basis of market findings across major
countries in these regions for a macro-level understanding of the market.
Increasing prevalence of respiratory disorders drives the growth of remote patient monitoring
devices market
The remote patient monitoring devices market is expected to grow drastically owing to the
government regulations to control the rising healthcare costs, the technological innovations and
developments of efficient self-monitoring products. The Patient Protection and Affordable Care
Act, also known as Obamacare was implemented under the Hospital Readmissions Reduction
Program by U.S. government to impose penalties to hospitals. According to the penalty,
government had reduced up to 1% in the Medicare payment per patient for hospital readmission
within 30 days in 2013, thereby, accelerating the growth of remote patient monitoring devices
by the healthcare professionals. According to the Biomed Central Respiratory Research 2016,
asthma and chronic obstructive pulmonary disease (COPD) are common chronic obstructive lung
disorders characterized by variable airflow limitation and airway hyper responsiveness, affecting
over 25 million people in the U.S. The patient monitoring devices are largely been validated as
clinically effective tools for the management of disease. However, lack of trained professionals,
insufficiency in maintaining the privacy and security of the medical data, lack of uniformity in
device functionality and lack of general awareness of monitoring devices are the factors
expected to hinder market growth of the global remote patient monitoring device market.
Inquire Here Before Purchase of Research Report @
https://www.coherentmarketinsights.com/insight/talk-to-analyst/215
Key companies covered as a part of this study include Abbott Laboratories, GE Healthcare,
Omron Healthcare, Medtronic, St. Jude Medical, Smiths Medical, Philips Healthcare, F.
Hoffmann-La Roche Ltd. And Kokinklijke Philips N.V. and St. Jude Medical.
About Coherent Market Insights