HTF MI added a new research study in its database with title ‘Global Telemonitoring System Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025′ that includes detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, UK and Asia and important players/vendors such as Abbott Laboratories, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, Inc., Cisco Systems, Inc., Care Innovations LLC, General Electric Company, Honeywell Life Care Solutions, InTouch Technologies, Inc., Koninklijke Philips N.V. (Netherlands), Medtronic Plc (Ireland) and McKesson Corporation. The report will help user gain market insights, future trends and growth prospects for forecast period of 2020-2025. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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Summary
Industry Background:
Due to increasing unhealthier and busy lifestyles across the globe need for auto patient monitoring has been increased across the globe. In addition to this, increasing instances of cardiovascular diseases have led consumers to adopt telemonitoring systems. These systems enable utilization of telecommunications technology for remote monitoring, continues patient care & remote assistance. This minimizes the overall cost required for patient treatments and routine monitoring as it has neglected the cost required in administrating patients inside the office premise. Moreover, continues technological advancements in developing telemonitoring systems will further improve the demand for the same over the forecasted period. According to AMA, the market for Telemonitoring System is expected to register a CAGR of 10.121% during the forecast period to 2024. This growth is primarily driven by Growing Need for Observing the Symptoms, Conditions and Other Medical Parameters of the Patient and Increasing Adoption of Continues Patient Care and Remote Monitoring.
Globally, a noticeable market trend is evident Continues Technological Advancement in Developing Healthcare Monitoring Devices. The Health Care Equipment sector in the North Amercia region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott Laboratories, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, Inc., Cisco Systems, Inc., Care Innovations LLC, General Electric Company, Honeywell Life Care Solutions, InTouch Technologies, Inc., Koninklijke Philips N.V. (Netherlands), Medtronic Plc (Ireland) and McKesson Corporation etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On February 26th, 2019, a not-for-profit healthcare organization, Blessing Health System has expanded and extended its commitment to Allscripts by creating one single integrated clinical and financial patient record. With this expansion, the and organization’s portfolio by the inclusion of Sunrise suite of solutions, including Sunrise Ambulatory, Sunrise Financial Manager, Sunrise Surgical Care, Sunrise Wound Care, Sunrise Mobility and Smart Pump Integration to support the organization’s strategic clinical and financial initiatives.
On May 6th, 2019, Abbott has launched a new and smarter heart monitor for better arrhythmia detection which will be profitable to people at risk for irregular heartbeats. Now with CE Mark in Europe and U.S. Food and Drug Administration (FDA) clearance, the next-generation Confirm Rx insertable cardiac monitor (ICM), a paperclip-sized implantable device, combines smartphone connectivity and continuous, remote monitoring to track unpredictable heart rhythm problems for a fast and accurate diagnosis.
Market Drivers
Growing Need for Observing the Symptoms, Conditions and Other Medical Parameters of the Patient
Increasing Adoption of Continues Patient Care and Remote Monitoring
Market Trend
Continues Technological Advancement in Developing Healthcare Monitoring Devices
Rising Volatility and Imbalance in Heart Rate and Blood Pressure
Restraints
Comparatively Highly Priced Telemonitoring Systems will Stagnate the Demand
Unable to Update the Data without the Patient’s Willingness
Opportunities
Increasing Adoption of Information and Visualization Technology and Enables Patients to gain Effective and Timely Medical Aid to Avoid Patients
Challenges
Skilled Workforce and Literate Consumer Base is a Necessity and Lack of Awareness from Underdeveloped Regions
Advance Market Analytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Strategic Points Covered in Table of Content of Global Telemonitoring System Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Telemonitoring System Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the bas
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