Europe 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 Europe Remote Patient Monitoring Devices Market Size would grow at a growth rate of 13.3% 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. 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. The RPM technology cuts down the number of unnecessary trips to the doctor?s office. It helps in automatically updating the patients vital sign database at regular intervals and reduces travel-related expenses.
However, shortage of skilled professionals, lack of Reimbursement guidelines and issues in device functioning can hamper the growth of the market. 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, Europe Remote Patient Monitoring Devices market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant Country in the Europe Remote Patient Monitoring Devices market in 2015. France and Russia 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.