The forecast period of the remote patient monitoring devices market begins in 2014 and ends in 2018. Remote patient monitoring facilitates the remote monitoring of patients suffering from various illnesses. It also helps healthcare specialists in choosing the kind of treatment which needs to be administered to patients and tracking the disease through treatment. Devices which enable the remote monitoring of patients are known as remote patient monitoring devices.
Remote patient monitoring is quite efficient in the treatment of post acute care and unremitting illnesses. It also monitors old patients and keeps a track of disease progression. The elderly population is considered to be in the high risk category of persistent illnesses. These illnesses are cardiovascular problems, hypertension, diabetes, respiratory disorders, etc. Hence, increasing population of old people drives a rise in persistent illnesses. This, in turn, propels the remote patient monitoring devices market further.
Conversely, the absence of repayment coverage and apprehensions regarding data safety are the two primary hindrances for the remote patient monitoring devices market. The market is fragmented further on the basis of geographies, consumers, and kinds. Geographies wise, the market is sliced into Europe, North America, Asia Pacific and rest of the world. The consumers market is sliced into ambulatory care centers and home healthcare.
The kinds remote patient monitoring devices market is segmented into breath monitors, ECG, hematology monitors, physical activity monitors, multi-sign monitors and others. The worldwide market is estimated at around USD 22 billion by 2018. It is anticipated to increase at around 5.5 percent CAGR through the forecast phase. North America dominated the remote patient monitoring devices market.