(Health-NewsWire.Net, May 16, 2017 ) Market Data Forecast’s research report on the “Asia-Pacific Remote Patient Monitoring market” estimates that the market is currently worth USD 5.37 Billion and will grow to USD 10.37 Billion by 2021 at a CAGR of 14.05%.
Remote Patient Monitoring(RPM) is a technology which enables healthcare professionals to monitor patients outside of conventional clinical settings. RPM uses digital technologies to collect relevant medical information from individuals in one location and transmit the information securely to healthcare professionals in a different location for assessment and recommendations.
The Patient Monitoring systems can collect a wide range of health data from the point of care, like weight, blood pressure, vital signs, blood oxygen levels, blood sugar, heart rate, and electrocardiograms. The RPM systems can also help keep people healthy, allow disabled and older individuals to live at home longer and avoid having to move them to skilled nursing facilities. It serves to reduce number of hospitalizations, readmissions, and length of stay in hospitals – all of which contain costs and improve the quality of life.
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The report on the Remote Patient Monitoring market also presents a detailed analysis of multitude of factors affecting the market that bear both positive and negative outcomes. Some of these factors are:
• Improved economic conditions of the general population enabling high procuring power
• It is a new and emerging market that is open to new players and abundant opportunities for existing companies to expand into
• Necessity to enclose the average healthcare expenditure
• Resistance towards adaptation of RPM systems
The Asia-Pacific Patient monitoring market is segmented on the basis of disease condition which intern is sub segmented into neurology, hemodynamic, cardiac, fetal and neonatal, respiratory, multi parameter, remote patient monitors, temperature and weight monitoring systems. Cardiac monitoring segment occupied the largest share in Asia-Pacific market and is predicted to maintain its share till 2020.
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Based on geography the market is analyzed under various regions namely, China, Japan, India, South Korea and Australia. The Asia-Pacific market is dominated by the Japanese region, followed by China and India.
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The market contributors involve in mergers and acquisitions along with new product development in an effort to preserve sustainability. Some key players include Welch Allyn, Roche, Philips Healthcare, Philips, Health anywhere Inc., Bosch, Johnson & Johnson, Intel, Honeywell, American Telecare, Biotronik, and Covidien Plc.
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Respiratory devices Market: http://www.marketdataforecast.com/research-reports/healthcare/medical-devices-2/market-reports/asia-pacific-respiratory-devices-market-732/
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