Improvement in medical technology and quality home health care is achievable by (RPMS): Rising demand of improved and advanced medical facilities among elderly population is fostering the need of remote patient monitoring solution market. Enhancement in service outcome and increasing customer satisfaction is fuelling the connected health technology market. This is the key factor which is likely to increase the adoption of remote patient monitoring solutions (RPMs) across the globe.
The global remote patient monitoring solution market is segmented based on services, application and end-user. Application segment of remote patient monitoring solution market is further bifurcated into cancer treatment, diabetes treatment, fitness and wellness monitoring, cardiovascular disease treatment. Among these sub-segments, cardiovascular disease treatment and cancer treatment segment is expected to hold the major market share of 32.2% by the end of 2024, owing to the rising prevalence of heart and cancer diseases across the globe.
Geographically, Asia-Pacific is expected to be the fastest growing region in remote patient monitoring solutions market due to rising geriatric population and diabetic population in countries such as China and Japan. Asia-Pacific region is estimated to hold 28% market share of global remote patient monitoring solutions market in 2024. Growing investment for the improvement of healthcare facilities is expected to propel the demand for remote patient monitoring solutions in Asia-Pacific region over the next five to six years.
Next Generation Health Technology: Telemedicine
Telemedicine is an advance telecommunication technology which is implemented in medical treatment to reduce hospital visits and real time monitoring of patients. Rising number of chronic health issues and growing trend of self-care and regular improvement in healthcare facilities is likely to increase the demand of telemedicine services in remote patient monitoring solution. However, lack of trained professionals and improper health facilities in developing countries is restraining the adoption of remote patient monitoring services.
“Global Remote Patient Monitoring Solution Market Outlook 2024” contains detailed overview of the global remote patient monitoring solution market in terms of market segmentation by services type, by application type and by end-user type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global remote patient monitoring solution market which includes profiling of companies GE Healthcare Ltd., Johnson & Johnson, Aerotel Medical Systems, Abbott Laboratories, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global remote patient monitoring solution market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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