NEW YORK, March 8, 2021 /PRNewswire/ -- The remote patient monitoring market is expected to grow by USD 928.34 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the remote patient monitoring market in optimistic, probable, and pessimistic forecast scenarios.
The remote patient monitoring market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Global Multiparameter Patient Monitoring Equipment Market - Global multiparameter patient monitoring equipment market is segmented by product (high-acuity monitors, mid-acuity monitors, and low-acuity monitors) and geography (North America, Europe, APAC, and ROW). Get an Exclusive Free Sample Report
Global Portable Medical Equipment Market - Global portable medical equipment market is segmented by product (portable patient monitoring devices, portable medical imaging devices, and others) and geography (North America, Europe, Asia, and ROW). Get an Exclusive Free Sample Report
Major Three Remote Patient Monitoring Market Participants:
Abbott Laboratories operates its business through segments such as Established Pharmaceuticals Products, Nutritional Products, Diagnostic Products, and Medical Devices. The company is specialized in offering remote cardiac monitoring solutions such as [email protected] Transmitter, Merlin.net Patient Care Network, and CardioMEMS HF System.
Boston Scientific Corp.
Boston Scientific Corp. operates its business through segments such as MedSurg, Rhythm and Neuro, Cardiovascular, and Specialty Pharmaceuticals. The company offers a wide range of remote patient monitoring products and solutions such as LATITUDE NXT Remote Patient Management System, HeartLogic Heart Failure Diagnostic, and Optional Weight Scale and Blood Pressure Monitor.
General Electric Co.
General Electric Co. operates its business through segments such as Power, Renewable energy, Aviation, and Healthcare. The company offers a comprehensive range of remote patient monitoring solutions that include Mural Virtual Care Solution based on Microsoft Azure Cloud Platform, Mobile Care Web Viewer, CARESCAPE ONE Monitor, and B105 and B125 Patient Monitors.
Remote patient monitoring market is segmented as below:
The remote patient monitoring market is driven by the cost benefits of remote patient monitoring. In addition, other factors such as the emergence of digital healthcare services and healthcare 4.0 are expected to trigger the remote patient monitoring market toward witnessing a CAGR of almost 18% during the forecast period.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.