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Telemonitoring System Market Creating Opportunities Now for Necessary and Effective Care Technologies

Telemedicine advances, such as telemonitoring, are being utilized to improve outpatient and homecare services, lowering healthcare costs and better serving older individuals with chronic illnesses. Telemonitoring aids in the treatment of common chronic conditions such as asthma, chronic obstructive pulmonary disease (COPD), insulin, heart problems, and hypertension, according to a 2012 research published by the National Center for Biotechnology Information (NCBI). A multi-parametric telemonitoring system lowered the incidence of COPD exacerbations in a randomized clinical trial of 100 COPD patients in the Global Initiative for Chronic Obstructive Lung Disease (GOLD) stage II–III, aged 65 years or older, for nine months, according to a study published in BMC Health Services Research in 2013. Using a telemedicine commercial cellular phone and specialized software, the intervention group assessed oxygen saturation, heart rate, temperature, and physical activity. Telemonitoring devices allow caregivers and doctors to check on patients’ condition from afar at any time. In remote regions with limited health-care resources, telemonitoring devices can be employed.

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Telemonitoring system manufacturers are concentrating on strategic cooperation and the creation of sufficient privacy and security measures for telehealth data and systems. Monica Healthcare, a surveillance technology business, was purchased by GE Healthcare in 2017. Furthermore, Royal Philips and American Well announced a strategic collaboration in January 2018 to work together to combine American Well’s mobile telehealth solutions into a variety of Philips products for both healthy customers and patients with medical needs.

Segmentation Analysis:

By Component:

    • Hardware
    • Software

By Mode of Delivery:

    • Web-based
    • Cloud-based

By Application:

    • COPD Monitoring
    • Blood Pressure Monitoring
    • Glucose Monitoring
    • Cardiovascular Disease Monitoring
    • Others

If opting for the Global version of Telemonitoring System Market analysis is provided for major regions as follows:

North America (The US, Canada, and Mexico)

Europe (the UK, Germany, France, and Rest of Europe)

Asia Pacific (China, India, and Rest of Asia Pacific)

Latin America (Brazil and Rest of Latin America)

Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

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Key Takeaways

Due to the growing elderly population and increased demand for home healthcare services, the global telemonitoring system market is anticipated to grow at a CAGR of 10.1 percent over the forecast period (2018–2026).

Due to the growing number of COPD throughout the world, the COPD monitoring segment is projected to produce considerable revenue in 2018. As per the World Health Organization (WHO), there were 251 million cases of COPD worldwide in 2016.

Key companies contributing in the global telemonitoring system market are General Electric Company, InTouch Health, AMD Global Telemedicine, Inc., McKesson Corporation, Medvivo Group Ltd., Care Innovations LLC, Nihon Kohden, Allscripts Healthcare Solutions Inc., Tunstall Healthcare Group Ltd, Abbott Laboratories, Vidyo, Inc., St Jude Medical, Siemens Healthineers AG, Medtronic Plc, Cisco Systems, Inc., Koninklijke Philips N.V., and Honeywell Life Care Solutions.

Table of Content

Global Telemonitoring System Market Research Report

Section 1: Global Telemonitoring System Industry Overview

Section 2: Global Economic Impact on Telemonitoring System Industry

Section 3: Global Market Competition by Industry Producers

Section 4: Global Productions, Revenue (Value), according to Regions

Section 5: Global Supplies (Production), Consumption, Export, Import, geographically

Section 6: Global Productions, Revenue (Value), Price Trend, Product Type

Section 7: Global Market Analysis, on the basis of Application

Section 8: Telemonitoring System Market Pricing Analysis

Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers

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Last Updated: 13-Sep-2021