Remote Patient Monitoring Devices Market is Forecast to 2024 Remote Patient Monitoring Devices Market 2024

Remote Patient Monitoring Devices Market is Forecast to Rise at
USD 1.7 billion by 2024: Radiant Insights, Inc
Global remote patient monitoring devices market is expected to reach USD 1.7 billion by 2024, according
to a new report by Grand View Research Inc. Remote patient monitoring devices, due to their capability
to monitor various chronic conditions such as diabetes, cardiovascular conditions, and cancer are
expected to witness substantial growth over the forecast period.
Increasing incidences of cardiovascular diseases, rising geriatric population base and the growing demand
for independent and healthy living by them are high impact rendering drivers for remote patient
monitoring devices market. Moreover, improving healthcare infrastructure, increasing post-acute care
management and growing focus of key market players on emerging economies is also expected to fuel the
growth of this market.
Rapid technological advancement occurring in remote patient monitoring devices market is expected to
lead towards availability of better option for healthcare practitioners and the patients, thereby promoting
the growth of remote patient monitoring devices market. Remote patient monitoring devices encompass a
wide array of technologies designed to manage, evaluate, notify, intervene, and modify the treatment plan
as required.
View Full Report with TOC @ http://www.radiantinsights.com/research/remote-patientmonitoring-devices-market-analysis-by-product-vital-sign-monitors-specialized-monitors-byapplication-cancer-cardiovascular-diseases-diabetes-sleep-disorder-weight-management-andfitness-monitoring-by-end-use-hospital-based-patients-ambulatory-patients-home-healthcare-andsegment-forecasts-to-2022
The remote patient monitoring devices are most commonly used to slow the progression of chronic
disorders and enhance recovery after getting discharged from an acute care unit. Remote patient
monitoring technologies also alerts caregivers for prompt intervention through any vulnerable condition.
Further key findings from the study suggest:
Heart rate monitors are identified as the most lucrative sub-segment with a significant growth rate of over
the forecast period owing to increasing incidences of cardiac related conditions globally.
Heart rate monitor segment accounted for a significant market share in 2014. The rise in demand for
home healthcare and independent living by geriatric population are high impact rendering drivers for
remote patient monitoring devices market segment.
North America accounted for more than 40% of the remote patient monitoring devices market in 2014 on
account of the high demand for technologically advanced products. Presence of sophisticated healthcare
infrastructure along with high awareness level of the patients regarding their health has led to the growth
of overall remote patient monitoring devices market.