Remote Patient Monitoring Devices Market Size and Forecast to 2020 Remote Patient Monitoring Devices Market | Page 2

Global Remote Patient Monitoring Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020

The global remote patient monitoring devices market is witnessing significant growth due to the technological
advancements in monitoring devices and increasing demand for reducing hospital readmission rates. The heart
monitors segment leads the global remote patient monitoring devices market, due to high incidences of
cardiovascular diseases and advancements for the development of ECG devices. In addition, the cardiovascular
diseases segment is the largest application segment in the global remote patient monitoring devices market. The
increasing government involvement for reducing healthcare costs and massive unexplored remote patient
monitoring devices market in the emerging economies, are creating ample opportunities for the growth of the
global remote patient monitoring devices market. The healthcare reforms across the globe, adoption of remote
patient monitoring devices by healthcare providers, and advanced research and development activities and new
product developments by the major players are supporting the demand of better and cost effective remote patient
monitoring systems.
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The increasing mergers and acquisition in the remote patient monitoring devices industry is a key trend observed
in the global remote patient monitoring devices market. The remote patient monitoring devices refer to the
devices, which monitors the vital signs of the patients when they are away from the hospitals. The remote patient
monitoring devices have several advantages, such as easy, fast and real-time monitoring, reduction in hospital
readmission rates, reduced healthcare costs, and longtime data recording.
Some of the factors driving the growth of the global remote patient monitoring devices market are increasing
healthcare expenditures, advancement in the patient monitoring techniques and healthcare IT technology,
increasing geriatric population, and growing prevalence of chronic diseases. In addition, the increasing healthcare
costs and hospital readmission rates, and growing adoption of remote patient monitoring devices in home care
settings are fueling the growth of the global remote patient monitoring devices market. However, the complexities
within government regulations in different countries, and data security and privacy concerns are restraining the
growth of the global remote patient monitoring devices market.
Geographically, North America leads the global remote patient monitoring devices market, due to high healthcare
expenditure, increasing adoption of EHR, growing demand for reduction in healthcare costs, technological
advancements, large proportion of older population, and high prevalence of cardiovascular diseases. In addition,
the legislative reform of Patient Protection and Affordable Care Act in the U.S. is also driving the growth of the
global remote patient monitoring devices market in North America.
Asia-Pacific is the fastest growing region in the global ECG devices market. The fastest growth in in the region is
attributed to the improving healthcare infrastructure, usage of EHR systems, growing healthcare expenditure, and

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