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Remote Patient Monitoring Devices Market: Key Challenges and Opportunities

Global Market Insights Inc. adds Global Remote Patient Monitoring Devices Market Report focuses on the major drivers and restraints for the Global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

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Remote Patient Monitoring Devices Market: Key Challenges and Opportunities

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  1. Remote Patient Monitoring Devices Market: Market Consolidation and Mergers & Acquisitions

  2. Industry Insights • Remote Patient Monitoring Devices Market size is expected to expand substantially through 2032. • Given the growing geriatric population, the rising adoption of remote patient monitoring devices in developed regions such as Europe and North America will strengthen the market outlook over the next ten years. • As per Eurostat, in 2022, over 21.1%, which makes up around one-fifth of the EU population, was 65 years and above. • Many companies in this business vertical are focusing on collaboration strategies to enhance their industry standing. For instance, in October 2022, GE Healthcare, an American multinational medical technology company, inked a deal with AMC Health, a leading provider of remote patient monitoring solutions.

  3. The integration of the company's acute patient monitoring solutions in hospitals and AMC Health's specialization in remote patient monitoring through an FDA Class II 510(k)-approved platform will help in the extension of the non-acute care continuum. • The overall remote patient monitoring devices market is segmented on the basis of product, application, end use, and region. • The remote patient monitoring devices industry from the neurological segment is poised to garner considerable gains through 2032. Owing to the cost-effectiveness of these devices, many patients are turning to self-monitoring activities which may contribute to segment growth in the long run. • Moreover, the growing prevalence of neurological disorders such as Parkinson's disease, dementia, and others has further increased the product demand. • According to WHO, around 55 million people globally are dealing with dementia, with an estimated 10 million new cases diagnosed every year.

  4. Regional Analysis • Asia Pacific remote patient monitoring devices industry is expected to exhibit over 11.5% CAGR from 2023 to 2032. Rising elderly population suffering from chronic ailments has increased the need for remote patient monitoring devices in the region. • Competitive Analysis • The remote patient monitoring devices market comprises major healthcare devices and technology developers such as Boston Scientific Corporation, DexCom, Inc., Johnson & Johnson, Koninklijke Philips N.V., Baxter International Inc., OMRON Corporation, GE Healthcare, Medtronic, Siemens Healthineers AG.

  5. Remote Patient Monitoring Devices Market @ https://www.gminsights.com/industry-analysis/remote-patient-monitoring-devices-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/5563 Request for customization @ https://www.gminsights.com/roc/5563

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