The number of people in developing countries with diabetes is anticipated to increase by more than 2.5-fold, from 84 million in 1995 to 228 million by 2025.
According to the World Health Organization, chronic diseases are projected to account for almost three-quarters of all deaths worldwide in 2020, of which 71% of deaths due to the ischemic heart disease (IHD), 75% of deaths due to stroke, and 70% of deaths due to diabetes are estimated to occur in developing countries. The number of people in developing countries with diabetes is anticipated to increase by more than 2.5-fold, from 84 million in 1995 to 228 million by 2025.
According to the World Health Organization, prevalence of chronic disease is expected to rise by 57% by the end of 2020. Healthcare expenditures increase significantly, sometimes exponentially, with each additional chronic condition with greater specialist physician access, emergency department presentations, and hospital admissions.
Chronic diseases have been a major driver of healthcare costs, while also impacting workforce patterns, including, of course, absenteeism. According to the Centers for Disease Control, in the U.S. alone, chronic diseases account for nearly 75% of aggregate healthcare spending, or an estimated US$ 5,300 per person annually.
According to Centers for Disease Control and Prevention, 6 in 10 adults in the U.S. have a chronic disease. Chronic diseases are likely to affect an estimated 164 million people in the U.S.– nearly half (49%) of the population– by 2025. Prevention and management of chronic disease are best performed by multidisciplinary teams in primary care and public health. According to Project HOPE: The People-to-People Health Foundation, Inc., the number of people with chronic mental disorders may increase from 30 million to 47 million by 2023. Similar increases are forecast for virtually every common chronic condition.
Rising Awareness Regarding Healthcare
Improvements in medical treatment and healthcare systems have resulted in higher survival rates from disease and injury, with many people continuing to live with some form of residual impairment
Healthcare is a prominent sector in the U.S. According to CDC statistics, 600,000 people in the U.S. die every year due to heart disease. As documented, the healthcare cost in the U.S. was US$ 3 Trn in 2014, which equates to about 20% of the GDP.
Importance of integrated primary healthcare services and management of chronic diseases is gaining momentum, and the artificial dichotomy between diseases is slowly receding in favor of a combined approach, which is likely to benefit all conditions
Healthcare sector in India is expected to reach Rs 19.57 lakh crore (US$ 280 Bn) by 2020. Rising income level, greater health awareness, increased precedence of lifestyle diseases, and improved access to insurance are likely to be key contributors to growth. Health insurance is gaining momentum in India.
Remote Patient Monitoring Devices Market: Competition Landscape
This report profiles major players operating in the global remote patient monitoring devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global remote patient monitoring devices market is moderately fragmented with the presence of a large number of leading players in the global market and several small players in regional markets. The top players hold major share of the global remote patient monitoring devices market.
Prominent players operating in the global remote patient monitoring devices market include
- Koninklijke Philips N.V.
- GE Healthcare
- Boston Scientific Corporation
- Omron Healthcare
- Medtronic Plc.
- Welch Allyn
- Abbott Laboratories
- Masimo Corporation
- Hoffmann-La Roche Ltd.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
The report on the global remote patient monitoring devices market discusses individual strategies, followed by company profiles of manufacturers of vaccines. The ‘competition landscape’ section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global remote patient monitoring devices market.
Key Questions Answered in Remote Patient Monitoring Devices Market Report
- What is the scope of growth of devices and its companies in the global remote patient monitoring devices market and its application segment?
- What will be the Y-o-Y growth of the global remote patient monitoring devices market between 2020 and 2030?
- What is the influence of changing trends in technologies on the global remote patient monitoring devices market?
- Will North America continue to be the most profitable regional market for remote patient monitoring device providers?
- Which factors will impede the growth of the global remote patient monitoring devices market during the forecast period?
- Which are the leading companies in the global remote patient monitoring devices market?
Remote Patient Monitoring Devices Market – Segmentation
Product
- Vital Sign Monitors
- Heart Rate Monitors (ECG)
- Blood Pressure Monitors
- Respiratory Rate Monitors
- Brain Monitoring (EEG)
- Temperature Monitors
- Pulse Oximeters
- Others
- Special Monitors
- Blood Glucose Monitors
- Fetal Heart Monitors
- Multi-Parameter Monitors (MPM)
- Anesthesia Monitors
- Prothrombin Monitors
- Others
Application
- Cardiovascular Diseases
- Diabetes
- Cancer
- Hypertension
- Infections
- Bronchitis
- Dehydration
- Sleep Disorder
- Weight Management & Fitness Monitoring
- Others
End User
- Hospital-based Patients
- Homecare
- Ambulatory Patients
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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