ALBANY, N.Y., Oct. 7, 2020 /PRNewswire/ -- From 2020 to 2030, the global remote patient monitoring devices market will record a stellar growth rate of about 12.5%, compounded annually. It will add notably to market worth. It is pertinent to note here that in the year 2019, valuation was pegged at USD 0.8 billion. By 2030, the market will touch mark of USD 3.4 billion.
As per Transparency Market Research, "The robust CAGR will lead to creation and availability of a string of profitable growth opportunities in the vendor landscape. Factors such as rapidly ageing population across the world, increasing incidence and prevalence of chronic diseases, and technological advancement will help the market record growth."
Key Drivers of Growth in Global Remote Patient Monitoring Devices Market:
Improvement in healthcare systems and growing focus on betterment in medical outcomes is set to drive the global remote patient monitoring devices market forward
Rapidly ageing population, coupled with increase in incidence of chronic illnesses is anticipated to drive the market on an upward growth trajectory
Advancement in technology is paving way for growth in the global remote patient monitoring devices market over the forecast period
Regional Analysis of Global Remote Patient Monitoring Devices Market:
North America is anticipated to account for a high revenue share in the global market owing to presence of strong players and pronounced ageing of regional population
Increasing awareness and prevalence of chronic diseases are also growth propellers over the forecast period
Asia Pacific (APAC) region will be a lucrative market and will grow at a decent pace from 2020 to 2030
Analyze global remote patient monitoring devices market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php
Competitive Analysis of Global Remote Patient Monitoring Devices Market:
Transparency Market Research (TMR) has deep dived into the competitive landscape of global remote patient monitoring devices market over the forecast period to provide granular information regarding growth dynamics. It notes that vendor landscape of the market is moderately fragmented and quite competitive. The TMR report delineates information on company overview, product portfolio, financial overview, and recent developments.
Players that have left a mark on the global remote patient monitoring devices market and are active and aggressive as far as claiming revenue share is concerned include Koninklijke Philips N.V., GE Healthcare, Boston Scientific Corporation, Omron Healthcare, Medtronic Plc., Welch Allyn, Abbott Laboratories, Masimo Corporation, Hoffmann-La Roche Ltd., and Shenzhen Mindray Bio-Medical Electronics Co., Ltd., among others.
It is quite pertinent to note here that leading players are making use of strategies that revolve around improvement in technology and innovation. Alliances and product development are other strategies that pave way for growth.
Remote Patient Monitoring Devices Market,by End User
Remote Patient Monitoring Devices Market, by Region
Rest of the Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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