Germany Remote Patient Monitoring Devices Industry Share Ondrej Palat Youth Jersey , Growth, Trends And Forecast Analysis Report Till 2025 by Jitendra Magar · September 19, 2018
19 September 2018
The Germany remote patient monitoring devices market size is expected to reach USD 120.4 million by 2025. This growth is attributed to rising population and trend of independent living, along with demand for cost-effective treatment and quality care. Remote patient monitoring devices are used for managing and monitoring a wide array of health conditions. These devices find application in chronic disease management Alex Killorn Youth Jersey , care integrator, progress tracker, an early warning system, capacity builder Chris Kunitz Youth Jersey , and confidence builder.
Stringent government policies and favorable regulations by WHO in Germany regarding usage of remote patient monitoring devices are encouraging companies to develop drugs for treatment of chronic diseases. These diseases include cardiovascular diseases (CVDs), cancer, diabetes mellitus (DM), and chronic respiratory diseases. Penetration of remote patient monitoring devices in the German market supports local clinical research organizations (CROs) in their clinical research trials and ensures ease of monitoring Tyler Johnson Youth Jersey , which facilitates drug discovery process.
Thus, growing cases of chronic disorders are expected to serve as a high impact rendering factor for the Germany remote patient monitoring device industry. Cancer, CVDs, sleep disorder Anton Stralman Youth Jersey , and weight management and fitness monitoring are the key application segments analyzed in the Germany remote patient monitoring devices industry. Cardiovascular diseases segment is one of the largest application segments. This is mainly due to increasing number of patients suffering from diseases such as cardiac hypertension as they need regular blood pressure monitoring due to frequent fluctuations.
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The use of remote patient monitoring devices in post-acute care aids in self-health management. Increasing demand for self-management skills and tools is projected to propel the market growth in the next few years. Escalating demand for independent care, especially in post-operative care is further anticipated to be a major factor driving the industry growth. Growing geriatric population, as they are highly susceptible to chronic conditions, such as diabetes and CVDs is also expected to fuel industry demand.
Cancer patients need continuous monitoring for evaluating their progress with regard to the prescribed treatment plan. Continuous monitoring enables doctors to evaluate and vary the dosage to eradicate tumor cells. Government initiatives such as various campaigns Mikhail Sergachev Youth Jersey , health insurance policies, and reimbursement policies for medical devices present growth opportunities for the market, thereby augmenting the product demand. Moreover, advancements in technology Nikita Kucherov Youth Jersey , introduction of affordable and efficient devices, and improving healthcare infrastructure due to rapid economic growth would also propel market expansion.
The Germany remote patient monitoring device market is highly competitive and led by Medtronic Plc and St. Jude Medical, Inc. Other key companies are Boston Scientific Corporation, Covidien Ltd. Steven Stamkos Youth Jersey , and Philips Healthcare. Mergers and acquisitions are the key strategies undertaken by most of these companies to diversify their product portfolio and gain market share in the coming years.
Segmentation by Product Type 鈥?Vital Sign Monitors 鈥?Specialized Monitors
Segmentation by End Use 鈥?Hospital-based Patients 鈥?Ambulatory Patients 鈥?Home Healthcare
Key players analyzed: 鈥?Shenzhen Mindray Bio-Medical Electronics Co., Ltd. 鈥?Nihon Kohden Corporation 鈥?Omron Corporation 鈥?OSI Systems, Inc. 鈥?Koninklijke Philips N.V. 鈥?Welch Allyn, Inc. 鈥?ALTEN Calsoft Labs 鈥?Smiths Medical Vladislav Namestnikov Womens Jersey , Inc. 鈥?Abbott Laboratories 鈥?American TeleCare, Inc. 鈥?Boston Scientific Corporation 鈥?Dr盲ger Medical 鈥?GE Healthcare 鈥?Honeywell Life Care Solutions 鈥?Johnson & Johnson Services, Inc. 鈥?LifeWatch AG 鈥?Masimo 鈥?Medtronic PLC
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