About Telemedicine Monitoring Equipment
Telemedicine Monitoring Equipment is the equipment or tool which is suitable for or made for the monitoring petition in her own house. Telemedicine Monitoring Equipment is the ability to monitor certain aspects of a patient's health from the comfort of their own home has grown in popularity as a telehealth option. Telemedicine Monitoring Equipment enables healthcare providers to address both acute and chronic diseases. It also reduces patient travel costs and infection risk. Telemedicine Monitoring Equipment use devices to monitor a patient's health state in their own home using clinical markers. 1.2 Home monitoring equipment can be used to monitor vital signs such as blood pressure, oxygen (Sp02), glucose, peak flow, and weight The patient's vital signs will have parameters specified that indicate the range of readings. Which are suitable for the particular patient. Telemedicine Monitoring Equipment include the telehealth monitoring device and remote monitoring device.
|Value (USD Million)
The Global market of Telemedicine Monitoring Equipment is included more number of player which are provide high number of services so the global market are less competition. In worldwide market of Telemedicine Monitoring Equipment the presented companies follow the new launch or innovation of product for increasing their revenue and growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Telemedicine Monitoring Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teladoc (United States), MeMD (United States), ICliniq (India), Mdlive (United States), Maestros (India), InTouch Health (United States), Philips Healthcare (Netherland), Omron (Japan), Doctor on Demand (United States) and PlushCare (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Amwell (United States), LiveHealth Online (United States) and Virtuwell (United States).
AMA Research has segmented the market of Global Telemedicine Monitoring Equipment market by , Application (Home, Hospital, Clinic and Others) and Region.
On the basis of geography, the market of Telemedicine Monitoring Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Real time will boost the Telemedicine Monitoring Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Patient will boost the Telemedicine Monitoring Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Telemedicine Monitoring Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services Type, the sub-segment i.e. Tele-consulting will boost the Telemedicine Monitoring Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Remote Monitoring and Improved Connectivity, Technological Progress in Medical Sector and Demographic Change in Forecast Period
Market Growth Drivers:
Increase Demand in Forecast Period, Growing Chronic Diseases and Growing Awareness of Health Concern
Lack of Awareness in Rural Area, Lack of Skilled Person and Required Fast Internet Speed
Lack of Telemedicine Monitoring Equipment Solution, High Cost of Telemedicine Monitoring Equipment and Risk Associated Monitoring System
Growing Adoption in Developed Countries and Rising Government Investment in Telemedicine Monitoring Equipment
Market Leaders and their expansionary development strategies
In 2021 Philips to expand its cardiac diagnostics and monitoring portfolio with the acquisition of Cardiologs. Cardiologs acquisition fits well with Philips' existing offering of cardiac care products. This comprises real-time patient monitoring, therapeutic devices, hospital telehealth and informatics, as well as ambulatory cardiac diagnostics and monitoring solutions acquired through the recent acquisition of BioTelemetry, Inc.
In 2021 Omron launches India telehealth monitoring for hypertension. Omron, a Japanese medical equipment manufacturer, will launch a telemedicine service in India. The majority of the Indian market is controlled by Omron, the world's leading manufacturer of blood pressure monitors. However, according to the business, the market is limited, with only 2% of patients owning a blood pressure monitor. Omron will integrate the product with the new service, providing free access to the telemedicine service to purchasers of its monitors for a limited time.
Risk-based regulation - The HSA uses a rule-based approach (GN-13: Guidance on Risk Classification of General Medical Devices) to categorise medical devices into four risk classes (A, B, C, and D), depending on the device's nature and intended purposes. A medical device's level of inspection and regulatory requirements will be proportionate to its risk class. Local manufacturers and importers dealing solely with Class a Telehealth medical devices will be required to disclose these devices in the Class A exemption list found under the importer's and manufacturer's licences, and to update the list prior to import. Telehealth medical devices, like all other medical devices, go through changes as part of their product life cycle.
Key Target Audience
Telemedicine Monitoring Equipment manufacture, Vendor and Supplier, Investor, New Entrance, Government bodies, Corporate Entities and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.