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Remote Patient Monitoring Solutions Market is anticipated to reach USD 48.5 billion by 2024

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Rising demand of improved and advanced medical facilities among elderly population is fostering the need of remote patient monitoring solution market.

Improvement in medical technology and quality home health care is achievable by remote patient monitoring solution market. Enhancement in service outcome and increasing customer satisfaction is fuelling the connected health technology market. This is the key factor which is likely to increase the adoption of remote patient monitoring solutions (RPMs) across the globe. Telemedicine is an advance telecommunication technology which is implemented in medical treatment to reduce hospital visits and real time monitoring of patients. Rising number of chronic health issues and growing trend of self-care and regular improvement in healthcare facilities is likely to increase the demand of telemedicine services in remote patient monitoring solution. However, lack of skilled labour along with poor medical infrastructure of developing countries likely to hinder the growth of remote patient monitoring solution market. Asia-Pacific region is estimated to hold 28% market share of global remote patient monitoring solutions market in 2024. Whereas, cardiovascular disease treatment and cancer treatment segment is expected to hold the major market share of 32.2% by the end of 2024, owing to the rising prevalence of heart and cancer diseases across the globe.

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Market Segmentation
The global remote patient monitoring solutions market is segmented on the following basis:
• Based on Services
o Telemedicine
o Telecare
o Telehealth
o Other (eHealth, Digital Health)
• Based on Application
o Cancer Treatment
o Diabetes Treatment
o Fitness and Wellness Monitoring
o Cardiovascular Disease Treatment
• Based on End-User
o Hospitals
o Home Healthcare
o Clinics
o Others (Ambulatory Services)
• Based on Geography
o North America (U.S. & Canada) {Market Size (USD Billion), Market Share (%)}
o Latin America (Brazil, Mexico & Rest of Latin America){Market Size (USD Billion), Market Share (%)}
o Europe (The U.K., Germany, France, Italy, Spain, Russia, Poland, Sweden & RoE) {Market Size (USD Billion), Market Share (%)}
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand andRest of Asia) {Market Size (USD Billion), Market Share (%)}
o Middle East & Africa (GCC, South Africa, North Africa andRoMEA) {Market Size (USD Billion), Market Share (%)}
o Rest of World {Market Size (USD Billion), Market Share (%)}

“Global Remote Patient Monitoring Solution Market Outlook 2024” contains detailed overview of the global remote patient monitoring solution market in terms of market segmentation by services type, by application type and by end-user type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the global remote patient monitoring solution market which includes profiling of companies GE Healthcare Ltd., Johnson & Johnson, Aerotel Medical Systems, Abbott Laboratories, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global remote patient monitoring solution market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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