Telemonitoring Systems Market - Global Industry Analysis

Telemonitoring Systems Market -By Product Type (COPD Telemonitoring System, Blood Pressure Telemonitoring System, Glucose Level Telemonitoring System, Cardiac Telemonitoring System, and Others), By End-User (Home Care, Hospice Care, and Long-Term Care Centers), and By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 15-Apr-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-6103 Status : Published

The global Telemonitoring Systems market accrued earnings worth approximately 2,350 (USD Million) in 2019 and is predicted to gain revenue of about 5,302(USD Million) by 2026, is set to record a CAGR of nearly 13.1% over the period from 2020 to 2026.

Description

The global Telemonitoring Systems market accrued earnings worth approximately 2,350 (USD Million) in 2019 and is predicted to gain revenue of about 5,302(USD Million) by 2026, is set to record a CAGR of nearly 13.1% over the period from 2020 to 2026. The report offers assessment and analysis of the Telemonitoring Systems market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Introduction

Tele-monitoring means the utilization of information & communication systems for monitoring & transferring products pertaining to patient health. Precisely, telemonitoring systems are the healthcare monitoring tools that are utilized for examining, remote diagnosing, and monitoring health of the patient at home through use of telecom tools by doctors. In addition to this, telemonitoring systems help the healthcare service providers in monitoring vital data of patient at a particular period. It monitors symptoms, medical parameters, and other medical conditions of the patient measuring blood pressure, blood sugar proportion, and heart rate. Moreover, telemonitoring systems find a slew of applications in clinics as well as hospitals along with prisons.

Global Telemonitoring Systems Market

Market Growth Dynamics

Escalating demand for measuring remote patient monitoring along with IT integration & device monitoring of devices will pave a way for expansion of telemonitoring systems industry over the assessment period. Apart from this, surging customer inclination towards home monitoring along with necessity of reducing hospitalization for diminishing hospital acquired infections will steer the market trends. Furthermore, surge in the aging populace prone to disorders will prompt the growth of telemonitoring systems market size over the upcoming years. In addition to this, increase in the cases of non-contagious ailments like heart disorders, cancer, Alzheimer, metabolic ailment, and diabetes will proliferate the telemonitoring systems industry over the forecast timespan.

With less number of healthcare service provider available across the globe, the market for telemonitoring systems is likely to gain traction over the forthcoming years. Nonetheless, high maintenance costs can prove to obstruction in the growth path of telemonitoring systems industry over the upcoming timespan. Apart from this, privacy concerns can further inhibit the business growth during the assessment period.  Furthermore, breakthroughs in visualization technology as well as IT are anticipated to offer lucrative growth avenues for telemonitoring systems industry over the projected timespan.

Europe Telemonitoring Systems Market To Witness Exponential Growth Over 2020-2026

The expansion of telemonitoring systems industry over the assessment period in Europe is owing to highly developed & precise diagnosis coupled with easy access to cutting edge systems in the countries such as UK, France, and Germany. In addition to this, ease of information sharing is anticipated to create new growth avenues for telemonitoring systems market in the continent over the forecast timespan. Rise in the chronic ailments in the region will drive the regional industry landscape in the near future.

Report Scope

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Key participants profiled in the study include Abbot, Philips, GE, Aerotel Medical Systems, Allscripts, Mckesson, and Advanced TeleHealth Solutions.

The global Telemonitoring Systems Market is segmented as follows:

By Product Type

  • COPD Telemonitoring System
  • Blood Pressure Telemonitoring System
  • Glucose Level Telemonitoring System
  • Cardiac Telemonitoring System
  • Others

By End-User

  • Home Care
  • Hospice Care
  • Long-Term Care Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Telemonitoring Systems Market , 2016–2026(USD Million)
    • 2.2. Telemonitoring Systems Market : Snapshot
  • Chapter 3. Global Telemonitoring Systems Market – Industry Analysis
    • 3.1. Telemonitoring Systems Market : Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Escalating demand for measuring remote patient monitoring along with IT integration & device monitoring of devices will pave a way for expansion of telemonitoring systems industry over the assessment period.
      • 3.2.2. Surging customer inclination towards home monitoring along with necessity of reducing hospitalization for diminishing hospital acquired infections will steer the market trends.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product Type
      • 3.4.2. Market attractiveness analysis By End-User
  • Chapter 4. Global Telemonitoring Systems Market – Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Telemonitoring Systems Market : company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Telemonitoring Systems Market – Product Type Analysis
    • 5.1. Global Telemonitoring Systems Market overview: By Product Type
      • 5.1.1. Global Telemonitoring Systems Market share, By Product Type , 2019 and 2026
    • 5.2. COPD Telemonitoring System
      • 5.2.1. Global Telemonitoring Systems Market by COPD Telemonitoring System , 2016–2026(USD Million)
    • 5.3. Blood Pressure Telemonitoring System
      • 5.3.1. Global Telemonitoring Systems Market by Blood Pressure Telemonitoring System, 2016–2026(USD Million)
    • 5.4. Glucose Level Telemonitoring System
      • 5.4.1. Global Telemonitoring Systems Market by Glucose Level Telemonitoring System, 2016–2026(USD Million)
    • 5.5. Blood Pressure Telemonitoring System
      • 5.5.1. Global Telemonitoring Systems Market by Blood Pressure Telemonitoring System, 2016–2026(USD Million)
    • 5.6. Others
      • 5.6.1. Global Telemonitoring Systems Market by Others, 2016–2026(USD Million)
  • Chapter 6. Global Telemonitoring Systems Market – End-User Analysis
    • 6.1. Global Telemonitoring Systems Market overview: By End Use
      • 6.1.1. Global Telemonitoring Systems Market share, By End Uses , 2019 and 2026
    • 6.2. Home Care
      • 6.2.1. Global Telemonitoring Systems Market by Home Care, 2016–2026(USD Million)
    • 6.3. Hospice Care
      • 6.3.1. Global Telemonitoring Systems Market by Hospice Care, 2016–2026(USD Million)
    • 6.4. Long-Term Care Centers
      • 6.4.1. Global Telemonitoring Systems Market by Long-Term Care Centers, 2016–2026(USD Million)
  • Chapter 7. Company Profiles
    • 7.1. Abbot, Philips, GE, Aerotel Medical Systems, Allscripts, Mckesson, and Advanced TeleHealth Sulutions
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Philips
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. GE
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Aerotel Medical Systems
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Allscripts
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Mckesson
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Advanced TeleHealth Sulutions
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development

Methodology


Frequently Asked Questions

Escalating demand for measuring remote patient monitoring along with IT integration & device monitoring of devices will pave a way for expansion of telemonitoring systems industry over the assessment period. Apart from this, surging customer inclination towards home monitoring along with necessity of reducing hospitalization for diminishing hospital acquired infections will steer the market trends. Furthermore, surge in the aging populace prone to disorders will prompt the growth of telemonitoring systems market size over the upcoming years. In addition to this, increase in the cases of non-contagious ailments like heart disorders, cancer, Alzheimer, metabolic ailment, and diabetes will proliferate the telemonitoring systems industry over the forecast timespan. With less number of healthcare service provider available across the globe, the market for telemonitoring systems is likely to gain traction over the forthcoming years.

According to Zion market research report, the global Telemonitoring Systems market accrued earnings worth approximately 2,350 (USD Million) in 2019 and is predicted to gain revenue of about 5,302(USD Million) by 2026, is set to record a CAGR of nearly 13.1% over the period from 2020 to 2026.

European region will contribute lucratively towards the global market value over the estimated timeline. The growth of the regional market during the forecast timespan can be attributed to highly developed & precise diagnosis coupled with easy access to cutting edge systems in the countries such as UK, France, and Germany. In addition to this, ease of information sharing is anticipated to create new growth avenues for telemonitoring systems market in the continent over the forecast timespan. Rise in the chronic ailments in the region will drive the regional industry landscape in the near future.

The key market participants include Abbot, Philips, GE, Aerotel Medical Systems, Allscripts, Mckesson, and Advanced TeleHealth Solutions.

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