Asia Pacific Remote Patient Monitoring Devices Market By Product Type (Cardiac Monitors - ECG Monitoring, Heart Rate Monitors, Fetal Heart Rate Monitor, Blood Pressure Monitors; Respiratory Monitors - Respiration Rate Monitor Systems, Spirometers, Sleep Apnea Monitor; Hematological Monitors - Blood Glucose Monitor, Prothrombin Time Monitor), Indications, End User
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The Asia Pacific Remote Patient Monitoring Devices Market Size is anticipated to experience a growth of 17.4% CAGR during the forecast period.
Remote Patient Monitoring (RPM) Device also known as homecare Telehealth, is a technological device that are used for continually monitoring heart activity, blood pressure, pulse rate, body temperature and other patient related activities. These devices are also useful in inspecting the chronic diseases. The health professionals can examine their patients from the remote locations is one of the major breakthroughs in terms of healthcare advancements. To perform a routine test patient can use the mobile medical devices and can easily send the test data to their respective healthcare surgeon with the help of smartphones or computers.
Reduction in the cost of the hospitals stays, overcrowding in the diagnostic centres, and growing patient care services are some of the key drivers for the growth of the Remote patient devices market. However, lack of skilled professionals, ineffective reimbursement guidelines and issues in device functions would hamper the growth of the market. RPM helps in time based monitoring and intervene before they cause any emergency because of the historic track records. This reduces readmissions and prevents avoidable hospitalizations.
Additionally, to perform routine tests, patients can use their mobile medical devices and can easily send the test data to their respective healthcare surgeon with the help of smartphones or computers. Based on the product, the Remote Patient Monitoring Devices market is segmented into Cardiac Monitors, Respiratory Monitors and Hematological Monitors. The Cardiac Monitors market is segmented into ECG Monitoring, Heart Rate Monitors, Fetal Heart Rate Monitor and Blood Pressure Monitors. Respiratory Monitors are further segmented into Respiration Rate Monitor, Spirometers and Sleep Apnea Monitor. The Hematological Monitors market is further segmented into Blood Glucose Monitor and Prothrombin Time Monitor.
Based on the Indications, the market is segmented into Cardiac Arrhythmia, Diabetes, Ischemic diseases, Hypertension, Sleep apnea, Chronic respiratory diseases and Hyperlipidemia. Based on End User Type, the market is segmented into Hospitals, Homecare Settings and Others. Based on Country, Asia-Pacific Remote Patient Monitoring Devices market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific. China remained the dominant Country in the Asia-Pacific Remote Patient Monitoring Devices market in 2015.
India and South Korea would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Remote Patient Monitoring Devices market. Key companies profiled in the report include Abbott Laboratories, Medtronic Plc, Roche Diagnostics, Siemens Healthcare (Siemens AG), Omron Corporation, Nihon Kohden Corporation, Honeywell International, Inc., Lifewatch and Philips Group.