Germany Remote Patient Monitoring Device Market Size, Growth and Trend Analysis, 2014 to 2025
The Germany remote patient monitoring device market size was valued at USD 42.9 million in 2017 and is projected to expand at a subsequent CAGR over the forecast period. Factors such as increasing geriatric population coupled with rising prevalence of chronic conditions is driving the market.
(firmenpresse) - 20 September 2018, The Germany Remote Patient Monitoring Devices Market size is expected to reach USD 120.4 million by 2025. This growth is attributed to rising population and trend of independent living, along with demand for cost-effective treatment and quality care. Remote patient monitoring devices are used for managing and monitoring a wide array of health conditions. These devices find application in chronic disease management, care integrator, progress tracker, an early warning system, capacity builder, and confidence builder.
Stringent government policies and favorable regulations by WHO in Germany regarding usage of remote patient monitoring devices are encouraging companies to develop drugs for treatment of chronic diseases. These diseases include cardiovascular diseases (CVDs), cancer, diabetes mellitus (DM), and chronic respiratory diseases. Penetration of remote patient monitoring devices in the German market supports local clinical research organizations (CROs) in their clinical research trials and ensures ease of monitoring, which facilitates drug discovery process.
Thus, growing cases of chronic disorders are expected to serve as a high impact rendering factor for the Germany remote patient monitoring device industry. Cancer, CVDs, sleep disorder, and weight management and fitness monitoring are the key application segments analyzed in the Germany remote patient monitoring devices industry. Cardiovascular diseases segment is one of the largest application segments. This is mainly due to increasing number of patients suffering from diseases such as cardiac hypertension as they need regular blood pressure monitoring due to frequent fluctuations.
The use of remote patient monitoring devices in post-acute care aids in self-health management. Increasing demand for self-management skills and tools is projected to propel the market growth in the next few years. Escalating demand for independent care, especially in post-operative care is further anticipated to be a major factor driving the industry growth. Growing geriatric population, as they are highly susceptible to chronic conditions, such as diabetes and CVDs is also expected to fuel industry demand.
Cancer patients need continuous monitoring for evaluating their progress with regard to the prescribed treatment plan. Continuous monitoring enables doctors to evaluate and vary the dosage to eradicate tumor cells. Government initiatives such as various campaigns, health insurance policies, and reimbursement policies for medical devices present growth opportunities for the market, thereby augmenting the product demand. Moreover, advancements in technology, introduction of affordable and efficient devices, and improving healthcare infrastructure due to rapid economic growth would also propel market expansion.
The Germany remote patient monitoring device market is highly competitive and led by Medtronic Plc and St. Jude Medical, Inc. Other key companies are Boston Scientific Corporation, Covidien Ltd., and Philips Healthcare. Mergers and acquisitions are the key strategies undertaken by most of these companies to diversify their product portfolio and gain market share in the coming years.
Hexa Research has segmented the Germany remote patient monitoring devices market report based on product type, application and end use:
Segmentation by Product Type
• Vital Sign Monitors
• Specialized Monitors
Segmentation by Application
• Cancer
• Cardiovascular Diseases
• Diabetes
• Sleep Disorder
• Weight Management
• Fitness Monitoring
Segmentation by End Use
• Hospital-based Patients
• Ambulatory Patients
• Home Healthcare
Key players analyzed:
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Nihon Kohden Corporation
• Omron Corporation
• OSI Systems, Inc.
• Koninklijke Philips N.V.
• Welch Allyn, Inc.
• ALTEN Calsoft Labs
• Smiths Medical, Inc.
• Abbott Laboratories
• American TeleCare, Inc.
• Boston Scientific Corporation
• Dräger Medical
• GE Healthcare
• Honeywell Life Care Solutions
• Johnson & Johnson Services, Inc.
• LifeWatch AG
• Masimo
• Medtronic PLC
Themen in dieser Pressemitteilung:
germany-remote-patient-monitoring-devices-market
remote-patient-monitoring-devices
patient-monitoring-devices
patient-monitoring
healthcare
healthcare-industry
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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Datum: 20.09.2018 - 16:44 Uhr
Sprache: Deutsch
News-ID 581315
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Kategorie:
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Typ of Press Release: Finanzinformation
type of sending: Veröffentlichung
Date of sending: 20.09.2018
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