Market Overview:
The global medical telemonitoring system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, growing geriatric population, and technological advancements in medical telemonitoring systems. Based on type, the global medical telemonitoring system market is segmented into COPD telemonitoring system, glucose level telemonitoring system, blood pressure telemonitoring system, cardiac & monitoring systems, and others. The COPDtele monitoring segment is expected to grow at a CAGR of 11% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing prevalence of COPD across the globe and technological advancements in COPDtele monitoring systems.
Product Definition:
A medical telemonitoring system is a technology-based system that allows for the remote monitoring of patients' health conditions. This system can provide clinicians with vital information about their patients, which can help to improve patient care. The importance of medical telemonitoring systems lies in the ability to remotely monitor patients' health conditions and identify potential problems before they become serious.
COPD Telemonitoring System:
The global COPD telemonitoring system market was valued at USD 6.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of Chronic Obstructive Pulmonary Disease (COPD) coupled with rising geriatric population base is anticipated to drive the growth during the forecast period.
Glucose Level Telemonitoring System:
Glucose level monitoring system is a medical device used to monitor blood sugar levels in patients suffering from diabetes. The device comprises of sensors, which are inserted subcutaneously into the body of the patient and connected by wires to an external source of power. The external source may be battery operated or may be plugged in for charging.
Application Insights:
The home care segment dominated the global medical telemonitoring system market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to increasing demand for remote monitoring of patients suffering from chronic diseases such as diabetes, hypertension, and cardiac disorders. Moreover, an increase in incidences of cardiovascular diseases has further propelled growth of this segment. According to a study published by WHO in 2018, around 1 billion people suffer from cardiovascular disease globally which accounts for around 30% of all deaths caused by disease across the world. Thus growing prevalence and rising incidence rates are driving demand for remote monitoring systems at homes thus propelling market growth.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high awareness levels about telehealth and its benefits, availability of insurance coverage for such services, and government support for research & development activities. For instance, in 2015-2016 U.S.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing penetration rates of mobile phones coupled with rising number of smartphone users across this region. Moreover, growing adoption rate for remote patient monitoring systems due to advantages such as reducing healthcare costs and enhancing patient mobility is also propelling growth across this region.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for medical telemonitoring systems, as they help manage chronic diseases effectively in elderly patients.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as heart disease, stroke, diabetes, and cancer is increasing rapidly across the world due to changing lifestyles and aging populations. Medical telemonitoring systems can play a key role in managing these conditions by providing real-time data on patient health status.
- Growing demand for home healthcare services: There is a growing trend towards home healthcare services due to their cost-effectiveness and convenience compared with traditional hospital-based care models. Medical telemonitoring systems can be used effectively for home healthcare by providing remote monitoring capabilities for patients with chronic illnesses or postoperative care requirements .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Telemonitoring System Market Research Report
By Type
COPD Telemonitoring System, Glucose Level Telemonitoring System, Blood Pressure Telemonitoring System, Cardiac & Monitoring Systems, Others
By Application
Home Care, Hospitals, Clinics
By Companies
Medtronic, Philips Healthcare, Boston Scientific Corporation, GE Healthcare, Nihon Kohden, Abbott, Honeywell, SHL Telemedicine, TeleMedCare, Aerotel Medical Systems, Bio Telemetry, Siemens Healthineers AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Medical Telemonitoring System Market Report Segments:
The global Medical Telemonitoring System market is segmented on the basis of:
Types
COPD Telemonitoring System, Glucose Level Telemonitoring System, Blood Pressure Telemonitoring System, Cardiac & Monitoring Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Care, Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Philips Healthcare
- Boston Scientific Corporation
- GE Healthcare
- Nihon Kohden
- Abbott
- Honeywell
- SHL Telemedicine
- TeleMedCare
- Aerotel Medical Systems
- Bio Telemetry
- Siemens Healthineers AG
Highlights of The Medical Telemonitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- COPD Telemonitoring System
- Glucose Level Telemonitoring System
- Blood Pressure Telemonitoring System
- Cardiac & Monitoring Systems
- Others
- By Application:
- Home Care
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Telemonitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical telemonitoring system is a type of monitoring system that enables doctors to remotely monitor the health and well-being of patients. This technology can be used to provide real-time updates on a patient's condition, including any changes in vital signs or symptoms. Medical telemonitoring systems can also help doctors diagnose and treat illnesses more quickly than would be possible if the patients were present in the doctor's office.
Some of the major companies in the medical telemonitoring system market are Medtronic, Philips Healthcare, Boston Scientific Corporation, GE Healthcare, Nihon Kohden, Abbott, Honeywell, SHL Telemedicine, TeleMedCare, Aerotel Medical Systems, Bio Telemetry, Siemens Healthineers AG.
The medical telemonitoring system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Telemonitoring System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Medical Telemonitoring System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Medical Telemonitoring System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Medical Telemonitoring System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Medical Telemonitoring System Market Size & Forecast, 2020-2028 4.5.1 Medical Telemonitoring System Market Size and Y-o-Y Growth 4.5.2 Medical Telemonitoring System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 COPD Telemonitoring System
5.2.2 Glucose Level Telemonitoring System
5.2.3 Blood Pressure Telemonitoring System
5.2.4 Cardiac & Monitoring Systems
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Care
6.2.2 Hospitals
6.2.3 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Telemonitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Telemonitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 COPD Telemonitoring System
9.6.2 Glucose Level Telemonitoring System
9.6.3 Blood Pressure Telemonitoring System
9.6.4 Cardiac & Monitoring Systems
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Care
9.10.2 Hospitals
9.10.3 Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 COPD Telemonitoring System
10.6.2 Glucose Level Telemonitoring System
10.6.3 Blood Pressure Telemonitoring System
10.6.4 Cardiac & Monitoring Systems
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Care
10.10.2 Hospitals
10.10.3 Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 COPD Telemonitoring System
11.6.2 Glucose Level Telemonitoring System
11.6.3 Blood Pressure Telemonitoring System
11.6.4 Cardiac & Monitoring Systems
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Care
11.10.2 Hospitals
11.10.3 Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 COPD Telemonitoring System
12.6.2 Glucose Level Telemonitoring System
12.6.3 Blood Pressure Telemonitoring System
12.6.4 Cardiac & Monitoring Systems
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Care
12.10.2 Hospitals
12.10.3 Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 COPD Telemonitoring System
13.6.2 Glucose Level Telemonitoring System
13.6.3 Blood Pressure Telemonitoring System
13.6.4 Cardiac & Monitoring Systems
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Care
13.10.2 Hospitals
13.10.3 Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Telemonitoring System Market: Competitive Dashboard
14.2 Global Medical Telemonitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Philips Healthcare
14.3.3 Boston Scientific Corporation
14.3.4 GE Healthcare
14.3.5 Nihon Kohden
14.3.6 Abbott
14.3.7 Honeywell
14.3.8 SHL Telemedicine
14.3.9 TeleMedCare
14.3.10 Aerotel Medical Systems
14.3.11 Bio Telemetry
14.3.12 Siemens Healthineers AG