About Advanced Remote Patient Monitoring Systems
Advanced remote patient monitoring systems are a type of technology that allows patients to be observed outside of hospitals and traditional clinics. This contributes to avoiding inconvenience and difficulty for critical patients by improving connectivity between medical professionals and patients via wireless technologies such as WLAN (Wireless Local Area Networks) and cellular networks. Advanced remote patient monitoring systems include advanced devices that enable real-time video and audio service, allowing medical professionals and patients to communicate face-to-face. Furthermore, it reduces patient travel time to the clinic and improves medical consultation. Besides that, the use of this technology aids in the reduction of mortality rates and the efficiency of medical resources. Furthermore, the benefits of an advanced remote patient monitoring system include avoiding emergency overcrowding.
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Geographically, the Asia Pacific region shows high potential for exponential growth within the global market for advanced remote patient monitoring systems in the coming years. Several of the main factors influencing the increased adoption of products and services from the global market for advanced remote patient monitoring systems Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Advanced Remote Patient Monitoring Systems 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.
Philips Healthcare (India), Honeywell (United States), GE Healthcare (United States), Medtronic (Ireland), Boston Scientific (United States), Johnson & Johnson (United States), Biotronik (Germany), Robert Bosch (Germany), Covidien Plc (Ireland) and St. Jude Medical. (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 GYANT (United States), Ejenta (United States) and Cardiomo, Inc. (New York).
AMA Research has segmented the market of Global Advanced Remote Patient Monitoring Systems market by Type (Blood Pressure Cuff., Glucometer., Pulse Oximeter., ECG + Stethoscope., Thermometer., Scale. and Others), Application (Managing diabetes, Avoiding heart failure and Real-time health monitoring) and Region.
On the basis of geography, the market of Advanced Remote Patient Monitoring Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Distribution Channel, the sub-segment i.e. Online will boost the Advanced Remote Patient Monitoring Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Advanced Remote Patient Monitoring Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021 ModivCare Acquires Remote Patient Monitoring Company VRI Intermediate. the acquisition adds a critical supportive care platform with unique data analytics to benefit payors and patients The acquisition of VRI, which is expected to close in the third quarter, will strengthen ModivCare's remote patient monitoring capabilities and advance the company's in-home supportive care powerhouse with a national footprint
On 12 May 2022 Novant, Health Recovery Solutions launch remote patient monitoring system. The devices are made available to patients in order to ensure access and remove obstacles to the vital follow-up monitoring. Patients will have the choice to accept ongoing or follow-up care for their condition from home once the monitoring system is in place. This strategy aims to reduce readmissions to hospitals and improve patient outcomes.
- It Decreases The Medical Costs
- It Gives Access To Low-Cost With High-Quality Medical Care And Consultation
- Advanced Remote Patient Monitoring Systems Helps In Prevention Of Overcapacity In Hospital Outpatient Departments And Emergency Rooms
- The Growing Incidence And Strain Of Various Chronic Diseases
- Increasing Day To Day Low Cost And Advance Health Care Solution
- Higher Costs Related with The Devices
- Risks Related to Patient Monitoring Equipment and Instruments
- Its Reliance On Technology That Not All Patients Can Afford.
- Implementation And Training Staff
- Determining Which Patients Should Be Monitored Remotely
Key Target AudienceAdvanced remote patient monitoring systems Manufacturer, Home Health, Nursing Health, Vendor And Supplier, Government and Others
About ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.