Remote Patient Monitoring Market to Grow at 15% CAGR to 2018

DALLAS, May 11, 2015 /PRNewswire/ --

The Global Remote Patient Monitoring Market 2014-2018 research report says one of the major drivers of remote patient monitoring market is the increasing incidence of chronic diseases including CVD, respiratory disorders, diabetes, hypertension, and neurological disorders.

Complete report on remote patient monitoring market spread across 61 pages, providing analysis of 5 major companies of the industry and supported with 12 data exhibits is now available at http://www.rnrmarketresearch.com/global-remote-patient-monitoring-market-2014-2018-market-report.html .

Vendors in the remote patient monitoring market are bundling two or more products or services to achieve product differentiation and provide better products. For example, along with blood pressure monitors, vendors are offering cuffs and other accessories for patients to monitor their blood pressure levels. Patients also prefer such packaged offerings to individual products as they are cost-effective. In addition, vendors have introduced personal testing kits comprising blood glucose monitors, blood pressure monitors, thermometers, and pulse oximeters, and these are gaining in popularity worldwide. This marketing strategy has helped several vendors to gain a competitive advantage. This trend is expected to have a strong impact on the market during the forecast period.

According to this remote patient monitoring market report, one of the major industry drivers is the increasing incidence of chronic diseases including CVD, respiratory disorders, diabetes, hypertension, and neurological disorders. This increases the demand for remote patient monitoring products as they are used to monitor or record patients' data on a continuous basis.  Further, the report states that one of the main challenges is the increasing competition among vendors as the market is highly fragmented. This increase in competition increases pricing pressure.

This research recognizes the following companies as the key players in Global Remote Patient Monitoring Market: BIOTRONIK SE & Co. KG., Boston Scientific Corp., Medtronic Inc., Philips Healthcare, St. Jude Medical Inc. and other prominent companies mentioned in the research include Abbott Laboratories, Aerotel Medical Systems Ltd., Alere Medical Inc., AMD Telemedicine Inc. , BodyTel Scientific Inc., Covidien plc, Docobo Ltd., GE Healthcare Ltd., Honeywell HomMed LLC, Masimo Corp., Mindray Medical International Ltd., OBS Medical Ltd., Omron Healthcare Inc., Robert Bosch Healthcare Inc., Roche Holding AG, Sorin Group, Thoratec Corp. and Tunstall Healthcare Group. Order a copy of global remote patient monitoring market 2014-2018 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=159193 .

The Global Remote Patient Monitoring market can be divided into two segments: External Remote Patient Monitoring Devices and Implantable Remote Patient Monitoring Devices. To calculate the market size, the report considers revenue generated from sales of external and implanted remote patient monitoring devices for the monitoring of certain conditions including diabetes, blood pressure, cardiac disorders, respiratory disorders, and mental disorders.

This remote patient monitoring market research has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Remote Patient Monitoring market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Another research on Global Multiparameter Patient Monitoring Equipment Market 2015-2019 divides the industry into three segments based on product type: High Acuity, Low Acuity, and Mid Acuity multiparameter patient monitoring equipment. The Global Multiparameter Patient Monitoring Equipment market is forecast to grow at 4.76% CAGR over the period 2014-2019. High costs and low accuracy of equipment is one of the challenges discussed in this market report. And a major trend covered in the research includes increased adoption of portable multiparameter monitors.

Companies like Dragerwerk, GE Healthcare, Phillips Healthcare, Spacelabs Healthcare, CAS Medical Systems, CONTEC MEDICAL, Edwards Lifesciences, Guangdong Biolight Meditech, Larsen & Toubro, Mindray Medical, Nihon Kohden, Omron Healthcare and Schiller are mentioned in the Global Multiparameter Patient Monitoring Equipment Market 2015-2019 research report available for purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=309160 .

One more research available with RnRMarketResearch.com on Patient Monitoring Device / Equipment / System Market by Product (Blood Glucose, EEG, ECG, Capnography, Spirometer, Sleep Apnea, Pulse Oximeter, Fetal Doppler, Multiparameter, Remote, Weight, Temperature), End-user (Hospitals, Home) - Global Forecast to 2018 says attributed to the rising prevalence of neuro-degenerative diseases, the patient monitoring market in the neuromonitoring segment will be the fastest growing segment in the next five years. The cardiac monitors segment had the largest share of the total patient monitoring devices market in 2013 and will continue to grow in the next five years to retain the leading position in 2018. The high growth in this segment is attributed to the growing demand for ECG devices. Moreover, rising incidences of cardiac and diseases such as diabetes and hypertension have also contributed to the largest share of the cardiac monitors market. The neuromonitoring devices segment, on the other hand, will be the fastest growing segment in the coming years. With the evolution in technology, neuromonitoring devices can predict the occurrence of neurodegenerative diseases. With growing incidences and increasing awareness of neurodegenerative diseases this market is set to grow at a fast pace. The Remote Patient Monitoring (RPM) devices segment is also poised to grow at a high pace in the coming years, driven by the strict government regulations to restrain the rising healthcare costs. Read more at http://www.rnrmarketresearch.com/patient-monitoring-device-equipment-system-market-by-product-blood-glucose-eeg-ecg-capnography-spirometer-sleep-apnea-pulse-oximeter-fetal-doppler-multiparameter-remote-weight-temperat-market-report.html .

Explore more reports on the patient monitoring devices market at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices/patient-monitoring-device .

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