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Telemonitoring Platforms and Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Global Telemonitoring Platforms and Systems Market: Snapshot

The eventual fate of the worldwide telemonitoring stages and frameworks market looks brilliant with nonstop progressions in the field of data innovation. Telemonitoring stages and frameworks encourage simple assessment of patients' therapeutic conditions by specialists and doctors all the time. They enable social insurance suppliers to oversee and screen patients' malady condition in a viable way and in this way choose proper treatment for them. In the course of recent years, there has been a rise in the appropriation of these stages and frameworks, inferable from the way that they offer enhanced social insurance quality at much lower costs. On the premise of capacity, the market can be ordered into glucose level telemonitoring frameworks, heart telemonitoring frameworks, COPD telemonitoring frameworks, and circulatory strain telemonitoring frameworks.                                                     

Telemonitoring platforms and different frameworks are as a rule progressively recognized over the globe for their different capacities, for example, weight records, essential signs check, pulse observing, and appraisal of oxygen immersion. The expanding prominence of home healthcare services setting is functioning in approval of the market. Also, the augmenting base of geriatric populace is giving a huge lift to the development of the market. In any case, the patient record exchange and electronic stockpiling in telemonitoring stages and frameworks can conceivably prompt protection and security ruptures. Incapable administration of these issues can fill in as an open door for trespassers to get to classified information and conceivably change, take, or even erase records of patients. These issues are, therefore, constraining the market from understanding its most extreme potential. 

Global Telemonitoring Platforms and Systems Market: Overview

The future of the global telemonitoring platforms and systems market looks bright with continuous advancements in the field of information technology. Telemonitoring platforms and systems facilitate easy evaluation of patients’ medical conditions by doctors and physicians on a regular basis. They allow healthcare providers to manage and monitor patients’ disease condition in an effective manner and subsequently decide appropriate treatment for them. Over the past few years, there has been an upswing in the adoption of these platforms and systems, owing to the fact that they offer improved health care quality at much lower costs. On the basis of function, the market can be categorized into glucose level telemonitoring systems, cardiac telemonitoring systems, COPD telemonitoring systems, and blood pressure telemonitoring systems.

Global Telemonitoring Platforms and Systems Market: Drivers and Restraints

Telemonitoring platforms and systems are being increasingly acknowledged across the globe for their multiple functions such as weight records, vital signs check, blood pressure monitoring, and assessment of oxygen saturation. The increasing popularity of home healthcare setting is working in favor of the market. Moreover, the widening base of geriatric population is providing a significant boost to the growth of the market.

However, the patient record transfer and electronic storage in telemonitoring platforms and systems can potentially lead to privacy and security breaches. Ineffective management of these problems can serve as an opportunity for invaders to access confidential data and possibly alter, steal, or even delete records of patients. These issues are, thus, limiting the market from realizing its utmost potential. On the other hand, increasing government initiatives, particularly in emerging economies, to improve healthcare facilities in rural areas are estimated to unfold tremendous growth opportunities for the global telemonitoring platforms and systems market.

Global Telemonitoring Platforms and Systems Market: Geographical Segmentation

The key segments studied in the report on the basis of geography are Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America and Europe will, collectively, account for a substantial share of the overall revenue pie. The primary factors behind the outstanding growth of these regions are growing incidence of chronic diseases, including cardiovascular disease, diabetes, and COPD and the increasing implementation of the information and communication technology in the healthcare sector. Moreover, rising acceptance of the approaches pertaining to telemedicine among healthcare professionals.

Asia Pacific is likely to emerge as a promising market over the forthcoming years. The growth of the region can be attributed to the presence of massive population base and easy availability of cheap and skilled workforce. The reducing costs of healthcare and communication services and technological advancements in telemonitoring systems are also propelling the growth of the region. Furthermore, decreasing willingness among patients towards getting hospitalized and improving quality of care at healthcare setups along with the reducing therapeutic errors are providing a fillip to the market in APAC.

Global Telemonitoring Platforms and Systems Market: Competitive Landscape

Key players in the global telemonitoring platforms and systems market are paying high attention to technological advancements and product innovation to enhance their visibility in this highly competitive arena. The growing trend of telemedicine is expected to attract new players to venture into the market. This will further intensify the competition in the market. Some of the prominent companies operating in the global market are GE Healthcare, Philips Healthcare, CARDIOCOM LLC, AMD Global Telemedicine Inc., McKesson Corporation, Cisco Systems Inc., InTouch Health Inc., OSF Healthcare, Vidyo Inc., KORE Telematics, and ViTel Net. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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