TechNavio recognizes the following companies as the key players in Global Remote Patient Monitoring Market: BIOTRONIK SE & Co. KG., Boston Scientific Corp., Medtronic Inc., Philips Healthcare, St. Jude Medical Inc., Abbott Laboratories, Aerotel Medical Systems Ltd., Alere Medical Inc., AMD Telemedicine Inc. , BodyTel Scientific Inc., Covidien plc, Docobo Ltd., GE Healthcare Ltd., Honeywell HomMed LLC, Masimo Corp., Mindray Medical International Ltd., OBS Medical Ltd., Omron Healthcare Inc., Robert Bosch Healthcare Inc., Roche Holding AG, Sorin Group, Thoratec Corp., Tunstall Healthcare Group.
Commenting on the report, an analyst from TechNavio’s team said: “Vendors are bundling two or more products or services to achieve product differentiation and provide better products. For example, along with blood pressure monitors, vendors are offering cuffs and other accessories for patients to monitor their blood pressure levels. Patients also prefer such packaged offerings to individual products as they are cost-effective. In addition, vendors have introduced personal testing kits comprising blood glucose monitors, blood pressure monitors, thermometers, and pulse oximeters, and these are gaining in popularity worldwide. This marketing strategy has helped several vendors to gain a competitive advantage. This trend is expected to have a strong impact on the market during the forecast period.”
According to the report, one of the major drivers is the increasing incidence of chronic diseases including CVD, respiratory disorders, diabetes, hypertension, and neurological disorders. This increases the demand for remote patient monitoring products as they are used to monitor or record patients' data on a continuous basis.
Further, the report states that one of the main challenges is the increasing competition among vendors as the market is highly fragmented. This increase in competition increases pricing pressure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.technavio.com/report/global-remote-patient-monitoring-market-...
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit http://www.technavio.com/healthcare-chemicals-food-retail
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