Online Patient Observation Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2016 - 2020
Albany, New York, Jan 20,2017
"Online
Patient Observation Market - Global Industry Analysis, Size, Share,
Growth, Trends And Forecast, 2014 - 2020"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
Recent
advances in technology have resulted into a new healthcare
interventional approach and demand for lowering of the overall cost
of treatment. This has led to the development of online patient
monitoring devices. In online patient monitoring patient are
continuously observed and analyzed without being hospitalized. This
technique is alternatively known as remote patient monitoring or
mobile patient monitoring as well. Healthcare industry across the
globe is undergoing great reforms as online patient monitoring
devices are dramatically changing the techniques and approach for
medical practitioners to track their patients’ wellness and
managing chronic conditions. As of October 2012, with the
implementation of Medicare Readmission Reduction Program, hospitals
may be penalized in United States with high readmission rate and this
factor is serving as a considerable driver for online patient
monitoring devices and services.
Government
regulation under Affordable Care Act (ACA) and the Centers for
Medicare and Medicaid (CMS) which has led to industry wise paradigm
shift to perform all medical and surgical procedures within a
stipulated budget and that too with best outcomes. In past few years
mobile patient monitoring devices along with other online patient
monitoring equipments have seen a tremendous acceptance especially in
developed economic countries with respect to monitoring and managing
chronic conditions such as blood pressure, pulse oximeter, weight
checks and glucose levels among others. Some of the novel devices not
only monitors and sends report to healthcare experts but also warns
and suggests recommendations have been gained prime focus and
acceptance in past.
There
is an absolute shift in techniques and ways the patient has been
treated. It had started with the hospital based admission and
treatment then came the home healthcare where nurses or doctors used
to come at home for diagnosis or regular check up. The next wave in
healthcare is online patient monitoring and virtual care. Some of the
key drivers for online patient monitoring include decreases cost of
care, reduced readmission rate, inclination towards Epharm and ageing
of baby boomer population with restricted time to visit clinics on a
regular basis for diagnosis. Many leading healthcare companies like
OMRON Corporation, Zoll Medical Corporation and others have come with
variety of wearable devices which resembles to a wrist watch but can
monitor multiple parameters such as blood pressure, glucose level and
other conditions at a single stretch and that too continuously.
Government
interventions especially in the United States and Europe to curb
overall medical expenditure to control the reimbursement amount has
led to the demand for mobile healthcare devices and other remote
patient monitoring devices. Similarly inclination of companies
towards rural sectors reformation will hold pool of opportunities for
existing and other interested companies Restraints to device comprise
need for strong wireless connectivity every time. High cost of
devices, associated maintenance cost and chances of device failure
affects the acceptance and trust for the devices.
Geographically
the growth and contribution with respect to revenues is majorly
contributed by the United States and Europe due to presence of
advanced healthcare setup. Asia-pacific and Rest of the World market
is still at a nascent stage barring a few countries like Japan,
Singapore and Australia where acceptance and deployment have started.
In near future with the reduction in cost of the devices due to
technological obsolescence will increase the purchase and inclination
towards online patient monitoring devices in these regions as well.
Some of the prominent players in the market include Boston Scientific
Corp., Medtronic Inc., Philips Healthcare and St. Jude Medical Inc.
among others.
–
This research report analyzes this market depending on its
market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
– This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a
complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
– Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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