Telemonitoring systems offer new ways for diagnosis and treatment of patients from distance. The technological advancements and fast-increasing communication capabilities are opening new growth opportunities in telehealth industry due to increasing prevalence of chronic conditions among elderly population, worldwide. Home care for patients with chronic conditions is becoming an important part of the new healthcare strategies in developed economies. Telemonitoring also has many advantages including financial benefits since patients do not have to pay for the cost of hospitalization and transportation. Constant technological advancement and improvements in the healthcare sector are working in favor of the development of the global telemonitoring systems market
Market Dynamics
Less number of physicians and healthcare professionals increases the demand for telemonitoring systems, which is expected to drive the growth of global telemonitoring system market. For instance, according to the 2021 Physician Supply and Demand report released by the Association of American Medical College (AAMC), the significant physician shortfall in the U.S. is between 37,800 and 124,000 physicians by 2034, including shortfalls in both primary and specialty care.
However, lack of trained professionals in rural regions, privacy and information security concerns, and low availability of telecommunication bandwidth are the major factors restraining growth of the telemonitoring systems market. Significant privacy and security risks in telehealth systems can adversely affect patients’ and clinicians’ level of trust and willingness to adopt and use the system. For instance, home Telemonitoring systems that are designed to detect falls, can collect and transmit information on personal activities that a patient wishes to keep private.
Key features of the study:
- This report provides an in-depth analysis of the global telemonitoring system market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2022 – 2030, considering 2021 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
- It profiles key players in the global telemonitoring system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
- Key players covered as a part of this study include Abbott Laboratories, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, Inc., Cisco Systems, Inc., Care Innovations LLC, General Electric Company, Honeywell Life Care Solutions, InTouch Health, Koninklijke Philips N.V., McKesson Corporation, Medvivo Group Ltd., Medtronic Plc, Nihon Kohden, Siemens Healthineers AG, Comarch SA, Tunstall Healthcare Group Ltd, and Vidyo, Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
- The global telemonitoring system market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, suppliers, research and consulting firms, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global telemonitoring system market
Detailed Segmentation:
- Global Telemonitoring system Market, By Component:
- Global Telemonitoring system Market, By Mode of Delivery:
- Global Telemonitoring system Market, By Application:
- COPD Monitoring
- Blood Pressure Monitoring
- Glucose Monitoring
- Cardiovascular Disease Monitoring
- Others
- Global Telemonitoring system Market, By Region:
- North America
- Europe
- By Country
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- Asia Pacific
- By Country
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- Others By Country
- South Africa
- Central Africa
- North Africa
- By Company Profiles
- Allscripts Healthcare Solutions Inc.*
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Highlights
- Market Strategies
- Abbott Laboratories
- AMD Global Telemedicine, Inc.
- Cisco Systems, Inc.
- Care Innovations LLC
- General Electric Company
- Honeywell Life Care Solutions
- InTouch Health
- Koninklijke Philips N.V.
- McKesson Corporation
- Medvivo Group Ltd.
- Medtronic Plc
- Siemens Healthineers AG
- Comarch SA
- Tunstall Healthcare Group Ltd.
- Vidyo, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
