Global Remote Patient Monitoring System Market Outlook to 2027 – Role and Impact of AI in Remote Patient Monitoring Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Remote Patient Monitoring Systems Market (2022-2027)” Report has been added to from ResearchAndMarkets.com offer.

The Global Remote Patient Monitoring System Market is estimated to be valued at USD 53.8 Billion in 2022 and is projected to reach USD 152.08 Billion by 2027, growing at a CAGR of 23.1%.

Market dynamics are forces that are impacting pricing and stakeholder behaviors in the Global Remote Patient Monitoring System Market. These forces create price signals that result from changes in the supply and demand curves for a given product or service.

The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals. As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global Remote Patient Monitoring System market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach. The analyst analyzes the use of the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global Remote Patient Monitoring System market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Drivers

  • Increase in geriatric population and growing need to expand access to health care

  • Financial Benefits of Telehealth and Remote Patient Monitoring

  • Benefits of RPM to reduce the burden on medical resources

  • Advances in telecommunications

Constraints

  • Regulatory variations between regions

  • Healthcare Fraud

  • Informal use of social media practices

Opportunities

  • Role and impact of AI in remote patient monitoring

  • Great utility of RPM in the fight against infectious diseases and epidemics

  • Significant Opportunities in Monetizing Patient Data

Challenges

  • Data privacy concerns, health care affordability and limited awareness

  • Data accessibility issues

Market segmentation

The global remote patient monitoring system market is segmented on the basis of health plans, services, business model, and geography.

  • By health plans, the market is categorized into commercial health plan, self-insured employer plan, Part D medical plans, and managed Medicaid programs.

  • By services, the market is categorized into specialty pharmacy services, retail pharmacy services, mail-order pharmacy services, benefit plan design and administration, formulary management, and clinical programs and services.

  • By business model, the market is categorized into retail insurance companies and pharmacies and PBM Pure Play.

  • By geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Companies cited

  • Abbott Laboratories

  • Alten Calsoft Labs (subsidiary of the Alten group)

  • Bio-Beat Technologies

  • Scientific Boston

  • identify

  • Dexcom

  • GE Healthcare

  • Rhythm Technologies

  • Koninklijke Philips

  • Medtronic

  • Omron Health

  • Preventive solutions

  • Resideo Life Care Solutions

  • Siemens Healthineers

  • Teledoc Health

  • Vital connect

  • Vivank

  • Invigorate health

For more information about this report visit https://www.researchandmarkets.com/r/xf2uhi

About Geraldine Higgins

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