Healtcare Global Remote Patient Monitoring Devices Market

Global Remote Patient Monitoring Devices Market Is Expected To Witness Multi-Fold
Growth By 2025 Estimated By Global Top Players Abbott Laboratories, GE Healthcare,
Smiths Medical, Philips Healthcare, Omron Healthcare
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.
Download PDF Brochure Of This Research Report @
https://www.coherentmarketinsights.com/insight/request-pdf/215
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 connection to transmit the glucose
levels of a diabetic. With Dexcom SHARE, the glucose data can be easily monitored by parents and
personal caregivers from a remote location. However, uneven reimbursement policies, economic
instability in the developing countries and lack of operating knowledge are the factors restraining
the market growth.
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