Europe Remote Patient Monitoring Devices Market to be supported by Growing Adoption of Advanced Technology through 2028

Rising incidences of lifestyle disorders to drive the Europe remote patient monitoring devices market in the forecast period, 2024-2028.

According to TechSci Research report, “Europe Remote Patient Monitoring Devices Market – By Country, Forecast and Opportunities, 2018-2028”, the Europe remote patient monitoring devices market is anticipated to grow at a significant rate in the forecast period, 2024-2028. This is attributed to the surge in the demand for home care services, growing healthcare expenditure, and increasing application of the device for timely diagnosis and treatment by European population. According to the Eurostat, in 2019, among the EU Member States, Germany and France had the highest healthcare expenditure which are 11.7% AND 11.1% respectively. Also, the rising emphasis on improving patient care and to provide medical treatment available to all patients is surging the growth of market. Remote patient monitoring devices are portable and easy to use, due to which large number of patients are accepting the use of these devices.

However, the high costs of remote patient monitoring devices influence the patients to visit the hospitals, which slow down the market’s growth. Besides, lack of uniformity in device functionality and product recalls may hamper the growth of the market in the forecast period.

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Europe remote patient monitoring devices market is segmented into product, application, end user, country, and company. Based on product, the market is classified into special monitors, and vital sign monitors. Special monitors are further subcategorized into blood glucose monitors, cardiac rhythm monitors, respiratory monitors, anesthesia monitors, and others. Vital sign monitors are further subclassified into blood pressure monitors, pulse oximeters, heart rate monitor (ECG), temperature monitor, and others. The special monitors segment is expected to witness a rise over the forecast period. This is attributed to the rising prevalence of several diseases which needs to identify symptoms, and prevent complications, rise in acceptance and adoption of advanced technology.

Based on application, the market is divided into diabetes, hypertension, cardiovascular diseases, weight management & fitness monitoring, and others. The cardiovascular diseases segment is anticipated to grow during the forecast period. This is attributed to the rising prevalence of the diseases coupled with increase in aging population, and large patient pool.

Based on end user, the market is classified into hospital-based patients, ambulatory patients, and home healthcare. The hospital-based patients segment is anticipated to grow during the forecast period. This is attributed to the rising occurrence of the chronic diseases, and large number of patients.

Major companies operating in Europe remote patient monitoring devices market are:

• Koninklijke Philips N.V
• Medtronic Plc
• OMRON Healthcare Europe B.V.
• Masimo Europe Limited
• Abbott Laboratories Limited
• Dragerwerk AG & Co. KGaA
• Dexcom, Inc.
• Baxter International Inc.
• iRhythm Technologies, Inc.
• Hill-Rom Holdings Inc. (Welch Allyn)
  
  

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“The United Kingdom is expected to witness a significant growth in the upcoming years, due to the favorable regulatory scenario, and availability of adequate healthcare infrastructure, and rapid rise in the acceptance and adoption of the devices. The growing public and government funding toward better medical care for the elder population coupled with the patient-oriented medical reimbursement policies, are expected to strengthen the growth of the market through 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Europe Remote Patient Monitoring Devices Market, By Product (Special Monitors v/s Vital Sign Monitors), By Application (Diabetes, Hypertension, Cardiovascular Diseases, Weight Management & Fitness Monitoring, Others), By End User (Hospital Based Patients, Ambulatory Patients, Home Healthcare), By Country, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Europe remote patient monitoring devices market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe remote patient monitoring devices market.

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