Connected Rhm Remote Healthcare Monitoring Market

Connected RHM (Remote Healthcare Monitoring) Market: Global Industry Analysis and Opportunity Assessment 2016-2026

  • Ongoing
  • April 2020
  • REP-GB-2492
Connected Rhm Remote Healthcare Monitoring Market

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This Connected Rhm Remote Healthcare Monitoring market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Connected Rhm Remote Healthcare Monitoring market.

Connected RHM market is growing rapidly due increasing need of healthcare services for round the clock. Connected RHM solutions make use of healthcare monitoring devices to perform healthcare test on patient without any human intervention from anywhere at any time.

The health monitoring data can be sent by using an internet connection via a smartphone, tablet, smart devices etc. Connected RHM can collect a wide range of health related data such as vital signs, weight, blood pressure, blood sugar levels, blood oxygen levels, pulse rate, cardiovascular disease indicators, or any other disease indicators. Connected RHM can be most effective for patients requiring constant monitoring for their safety, such as elderly people or patients with mental disability. However, the biggest impact can be made when connected RHM is used for patients suffering from chronic illness who constitutes maximum percent of all hospital bed stay.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Connected Healthcare Monitoring Market: Market Dynamics

Increasing old age population and increasing expenditure of developed and developing countries are the factors which will drive the market for connected RHM. According to WHO report, the proportion of the world’s population over 60 years will nearly double from 12% to 22% during 2015 and 2050 and thus the demand for healthcare facilities to serve that aging population will increase, which in turn will increase demand for connected RHM technologies and solutions. Moreover, according to WHO statistical data on countries individual expenditure on healthcare facilities, all the developed and developing countries has increased their expenditure on healthcare and this trend is expected to continue because of rise in average age of the population. Countries such as China and India which together constitutes more than 30% of the global population and with the highest growth rates are expected to drive the market for connected RHM technology and solutions.

Connected RHM Market Segmentation

Regional Overview

Regional demand for connected RHM solutions is directly proportional to regions total population, populations average age and regions expenditure on healthcare facilities. Hence North America region is expected to dominate the global connected RHM market because of its increasing population size of the elderly and its highest total spending per person per year on health globally. North America region is expected to be followed by APAC and European region. According to WHO statistics, Japan’s 30 % of the population are already over 60 years of age. Large population size of countries such as China and India and their increasing expenditure on healthcare facilities are the factors which are expected to drive APAC region with the highest CAGR in the global connected RHM market.

Growing old age population, rising nuclear families and independent living of individuals are some of the macro economic factors driving the demand for connected RHM. Other benefits from connected RHM driving the demand for improved patient care facilities, cost effective treatment, reduced need for hospital admissions as many patients suffering from chronic ailments want to remain at home as long as possible, reduced travel time from home to hospitals or to clinics, reduced costs associated with a routine checkup by helping the patients to manage their own care by checking the data generated by the monitoring devices etc. Costs associated with buying a range of technologies and devices under connected RHM are different for Hospitals, Laboratories, Blood Banks, Physician Clinics, Individual and others. Most of the patients are reluctance to use these devices because of their habits to see the doctor face to face for the treatment and anxiety about the administration of their medication and treatment, reluctance for the usage of the technology from doctors as currently they are not been reimbursed to monitor and assess data transmitted from a patients home, are some of the factor which will affect the demand for connected RHM technology.

Key Players

Some of the major players in the field of connected RHM market includes Biotronik (Germany), Medtronic (Ireland), Philips Healthcare (Netherland), GE Healthcare (U.K), Wipro (India), Tech Mahindra (India), Honeywell Life Care Solutions (US) etc.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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Segmentation of connected RHM on the basis of application:

  • Disease Monitoring: Disease monitoring includes monitoring of diseases such as cardiovascular diseases, chronic kidney ailments, cancer etc.
  • Vital Signs Monitoring: Vital sign monitoring includes monitoring of blood pressure, diabetes, body temperature, hypertension, pulse rate etc.
  • Wellness Management: This category includes monitoring of indicators such as weight monitoring, sleep disorder, fitness monitoring etc.

Segmentation of connected RHM on the basis of end user:

  • Hospitals
  • Laboratories
  • Blood Banks
  • Physician Clinics
  • Individual
  • Others

Segmentation of connected RHM on the basis of geography:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report covers exhaustive analysis on: 

  • Market Segment
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions

What research methodology is used to develop the Connected Rhm Remote Healthcare Monitoring Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Connected Rhm Remote Healthcare Monitoring Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Connected Rhm Remote Healthcare Monitoring Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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