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Global Telemonitoring System Market to Witness Steady Growth by 2022, Driven by High Pool of Geriatric Population

Medtronic, Philips Healthcare, Boston Scientific Corporation, St. Jude Medical, GE Healthcare, Nihon Kohden, Abbott, and Honeywell are major players covered in report.


Albany, NY -- (SBWIRE) -- 07/24/2017 -- With an aging world population and a corresponding demand for aged care, interest in the development of telemonitoring systems has increased widely. As per the recent findings, the future of the global telemonitoring systems market displays positive result in its growth with constant advancements in the field of information technology. Market Research Hub (MRH) has recently broadcasted a fresh study to its vast repository, which is titled as "Global Telemonitoring System Market Size, Status and Forecast 2022", and offers a comprehensive analysis of this market by examining its past performance, key trends and growth prospects.

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Telehealth monitoring systems provide a way to monitor patients and their needs within the comfort of their own homes. The telemonitoring systems assist the healthcare providers to deliver effective and suitable medical aid to the patients earlier it turns into a bigger problem. Telemonitors are devices that record a patient's vital signs several times a day and sends the information via the patient's telephone line to a central station where the results are monitored by nurses. This research report presents a descriptive analysis of the performance of the telemonitoring systems in the worldwide market, considering a number of factors, such as the manufacturing volume, product pricing, the dynamics of demand and supply, market size, share, revenue and the growth rate of this market.

According to the findings, the telemonitoring systems market is primarily driven by the prevalence rate of diseases such cardiovascular disease, chronic obstructive pulmonary disease (COPD), diabetes, etc. The study also throws lights on the recent technological trends in telemonitoring systems. It has been analyzed that major advancement in technology has brought much-needed improvement to patients requiring home oxygen.

Moving further, the global market for telemonitoring systems has been broadly assessed on the basis of the type, application and the geography. Based on the type, the market has been categorized into COPD Telemonitoring System, Blood Pressure Telemonitoring System, Glucose Level Telemonitoring System, Cardiac & Monitoring Systems and Others. By application, the market has been classified into Home care, Long-term Care Centers and Hospice Care. Telemonitoring systems find a significant application in the home care segment, states the market report.

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United States, Europe, Southeast Asia, China, India, and Japan have been identified as the key regional markets for telemonitoring systems in this study. The demand for telemonitoring systems market in the U.S. is determined by the country's strong economy and the growing trend of home nursing facilities and hospice care.

The report thus provides major insights into the global telemonitoring market in terms of its competitive landscape and regulatory framework. This section profiles the leading players operating in this market, which are Medtronic, Nihon Kohden, Honeywell, Boston Scientific Corporation, Philips Healthcare, SHL Telemedicine, St. Jude Medical, TeleMedCare, GE Healthcare and Abbott.

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