The Global Remote Patient Monitoring Devices And Equipment Market Report by The Business Research Company covers remote patient monitoring devices and equipment market drivers and restraints, remote patient monitoring devices and equipment market size, major players, and the impact of COVID-19 on the remote patient monitoring devices and equipment market.
The remote patient monitoring devices and equipment market consists of sales of remote patient monitoring devices and equipment and related services. Remote patient monitoring devices and equipment allow a patient to use a mobile medical device for undergoing a routine test and send the test data to a healthcare expert in real-time.
The upcoming shortage of skilled healthcare professionals (doctors and nurses), drives the remote patient monitoring (RPM) devices and equipment market. As the number of patients with chronic diseases is increasing, it is getting difficult to monitor the patients due to operational time and cost-related issues.
The global remote patient monitoring devices and equipment market is expected to decline from $0.58 billion in 2020 to $0.56 billion in 2021 at a compound annual growth rate (CAGR) of -3.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $0.85 billion in 2025 at a CAGR of 11%.
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Some remote patient monitoring devices and equipment market trends include how manufacturers must comply with the rules and regulations of the Health Insurance Portability and Accountability Act (HIPAA). These HIPAA regulations secure definitions of the network, take physical security, and process security measures regarding the Protected Health Information (PHI). Title II of HIPPA directs the Health and Human Services (HHS) of the U.S Department to manifest national standards for the exchange of electronic healthcare data and information. Health and Human Services (HHS) Office for Civil Rights (OCR) issued guidance by clarifying that cloud service providers and other business associates of healthcare organizations are covered by the HIPAA privacy, security, and breach notification rules for safe and secure electronic data interchange.
Global remote patient monitoring devices and equipment market segments include:
1) By Type Of Device: Heart Monitors, Breath Monitors, Haematology Monitors, Multi – Parameter Monitors.
2) By End User: Home Care Settings, Clinics, Hospitals.
3) By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Monitoring And Fitness Monitoring, Other Applications.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Remote Patient Monitoring Devices And Equipment Global Market Report 2021: COVID 19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides remote patient monitoring devices and equipment market overviews, analyzes and forecasts market size, share, remote patient monitoring devices and equipment market players, remote patient monitoring devices and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The remote patient monitoring devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Remote Patient Monitoring Devices And Equipment Global Market Report 2021: COVID 19 Implications And Growth to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Philips Healthcare, Honeywell, GE Healthcare, Medtronic, Boston Scientific, Johnson & Johnson, Biotronik, Robert Bosch, Covidien Plc., St. Jude Medical, American Telecare, Intel, Welch Allyn, Health anywhere Inc., Global Media Group, LLC, AMD Global Telemedicine Inc., Bayer Healthcare AG, IBM Watson, Accenture, Telesofia Medical Ltd., Boehringer Ingelheim GmbH, Eliza Corporation, Natus Medical, Nihon Kohden, Compumedics, Dexcom, Abbott Laboratories, Aerotel Medical Systems.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The remote patient monitoring devices and equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The remote patient monitoring devices and equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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