Remote monitoring equipment are devices that utilize digital technologies to obtain medical and other health-related information from individuals located at distinct areas and electronically communicate that information to healthcare professionals in a different location for further valuation and recommendations. It is an emerging advanced technology incorporated due to the imbalance between demand and availability of diagnostic services.

Portland, OR -- (SBWire) -- 11/22/2017 --This is evident from the fact that high demand of diagnostic services in countries, such as U.S., Singapore, and UK, were often unfulfilled, owing to lack of available healthcare professionals. For instance, in the U.S., the number of CT scans being performed is on a continuous rise over the years; however, there is a persisting shortage of healthcare professionals in the country. In Singapore, there is a paucity of skilled professionals for night coverage. In the UK, a radiologist takes 21 days on an average to submit an MRI report. All these challenges have been met by remote monitoring equipment, thereby leading to market growth.

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Major factors that drive the remote monitoring equipment market are increase in demand of diagnostic and monitoring services, owing to high prevalence of chronic diseases such as congestive heart failure and orthopedic injuries; higher government expenditure on healthcare-information (HCIT) sector, and rise in focus of key players towards bringing innovation to digital diagnostics & monitoring. However, lack of standard diagnostic tests in rural areas and shortage of skilled professionals restrain the market growth. Continuous advancements in medical diagnostic technologies are expected to provide lucrative opportunities for market expansion during the forecast period.

The remote monitoring equipment market is segmented based on product, application, end user, and region. Based on product, it is divided into heart rate monitors, blood pressure monitors, cardiac monitors, breath monitors, sleep apnea monitors, blood glucose monitors, weight monitor, body temperature monitors, infusion pump, hematological monitors, wrist bands, and necklace. In terms of application, it is categorized into diabetes, high blood pressure, cardiac arrhythmia, heart rate, ischemic diseases, sleep apnea, chronic respiratory diseases, hyperlipidemia, and fitness. The fitness segment is further categorized into counting steps, miles cycled, floors climbed, and calories consumed. Based on end user, the market is classified into hospitals, ambulatory surgical centers, homecare settings, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the remote monitoring equipment market adopted acquisition and expansion to bring innovation to web-based radiological imaging facilities. For instance, in 2015, Mednax, Inc. acquired Virtual Radiologic Corporation (vRad), a telemedicine company for growth in remote monitoring equipment and the broader diagnostics market.

The key players of the market include F. Hoffmann-La Roche AG., AMD Global Telemedicine, Honeywell International Inc., Omron Healthcare Co. Ltd., Smiths Medical plc, Medtronic plc, Abbott Laboratories, Koninklijke Philips N.V., Fitbit, and LG Electronics Inc.

Key Market

The study provides an in-depth analysis of the global remote monitoring equipment. market and the current trends and future estimations to elucidate the imminent investment pockets.

It presents a quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.

Extensive analysis of the market based on product assists to understand the trends in the industry.

Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry.

Remote Monitoring Equipment Market Key Segments:

By Product

Heart Rate Monitors
Blood Pressure Monitors
Cardiac Monitors
Breath Monitors
Sleep Apnea Monitors
Blood Glucose Monitors
Weight Monitors
Body Temperature Monitors
Infusion Pumps
Hematological Monitors
Wrist Bands
Necklace