Global Cardiac Remote Patient Monitoring Device Market
Overview:
Remote patient monitoring is the use of digital technologies to monitor and capture medical and other health data from patients and transmit this information electronically to the physician for evaluation and, when necessary, recommendations and instructions.
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Drivers:
Market players are focusing on launching novel products and receiving product approvals from regulatory authorities, which in turn is expected to augment the growth of the global cardiac remote patient monitoring device market. For instance, in July 2021, Abbott announced the US launch of Jot Dx, the companyโs latest insertable cardiac monitor (ICM). The Jot Dx ICM gives hospitals and clinicians control of how they manage the flow of information.
Moreover, market players are adopting various inorganic strategies, such as product launches, acquisitions collaborations, and mergers, to strengthen their market position. For instance, in August 2021, Cardiologs announced the launch of remote patient monitoring platform designed to enable data from smartwatches to be included in remote arrhythmia monitoring systems.
COVID-19 Impact:
On 31 December 2019, a novel coronavirus was first suspected and reported in Wuhan, China. According to the World Health Organization (WHO), globally, as of November 29, 2021, there have been 260 million confirmed cases of COVID-19, including 5.2 million deaths.
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The COVID-19 outbreak has increased the use of remote monitoring devices. Both clinicians are adopting various digital solutions to curb the spread of the coronavirus. At-home utilization of these devices has also increase due to the increase in awareness among people. This rapid acceleration of market growth will be sustained by the expansion of the market, it will benefit providers and payers through economies of scale, increasing need for improved healthcare in rural areas, increasing use of home-based devices, increase in prevalence of chronic diseases, and growing geriatric population in the United States and Europe.
Competitive landscape:
Major players involved in the global cardiac remote patient monitoring device market are St. Jude Medical, OSYPKA, MeTrax GmbH, VitalConnect Inc., Lepu Medical Technology, GE Healthcare, Philips Healthcare, Abbott Laboratories, Boston Scientific, Spacelabs Healthcare, Medtronic plc, Nihon Khoden, Honeywell, A & D Medical, and BIOTRONIK SE & Co. KG.
In January 2021, Boston Scientific entered into the agreement to acquire Preventice Solutions, Inc., which provides full portfolio of cardiac health solutions and facilities.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Product approval and launches
- Merges and Acquisitions
- Key development
- Regulatory Scenario
- Reimbursement Scenario
- Brand Analysis
- PEST Analysis
- Pricing Analysis
- Technology Advancement
- Market Dynamics
- Global Cardiac Remote Patient Monitoring Device Market โ Impact of Coronavirus (Covid-19) Pandemic
- Overall Impact of COVID-19
- COVID-19 Epidemiology
- Global Cardiac Remote Patient Monitoring Device Market, By Application, 2021 โ 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- Cardiac Arrhythmia
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Ischemic Diseases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Hypertension
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Introduction
- Global Cardiac Remote Patient Monitoring Device Market, By End users, 2021 โ 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 โ 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Cardiac Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 โ 2028, (US$ Mn)
- Introduction
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