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Aging Population and Rising Chronic Diseases Propel Growth witnessed in Global Telemonitoring Systems Market

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Published on : Jul 31, 2017

Albany, New York, July 31, 2017: The report sheds light on the current market scenario and the development possibilities of the global telemonitoring systems market for the forecast period of 2017-2021. The report has covered information regarding factors boosting sales of hardware, software, and services by prominent vendors provided across the world. To estimate the global telemonitoring systems market size, report has considered the revenue generated by the market players, besides other relevant information. 

The market study calculates the market size for the forecast period of 2017-2021 and estimates the growth rate of the market. It presents insights into prevailing market trends and factors fuelling its  growth along with identifying key constraints that might hamper the trajectory of the market. The report also studies the key market opportunities and discusses in detail the strengths and weaknesses of the leading market players. 

Telemedicine refers to the use of the telecommunications technology for medical examination, patient care, treatment and remote monitoring. Use of telemedicine curbs the medical costs as it allows healthcare services to be administered outside regular hospital settings. Telemonitoring is one of the fast developing areas of telemedicine where all the vital information about the patient is up on the server and can be accessed at any time. 

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The report has segmented the global telemonitoring market is divided in three key segments based on geographical regions. The regions mentioned are APAC, America, and EMEA. The report provides an in-depth analysis of the global telemonitoring systems market and includes vital inputs from the experts of the industry. It maps the vendor landscape and growth possibilities of the market in the coming future. It also mentions the need to back Healthcare 3.0 revolution and sheds light on the rise of digital health care technologies. Furthermore, the report focuses on emergence of patient-centric and more personalized healthcare services and gauges their impact on the overall market.  

Key vendors in the global telemonitoring systems market as mentioned in the report are Abbott, McKesson, General Electric, and Phillips. The report also highlights other important vendors present in the market. The names included are Allscripts, Aerotel Medical Systems, BioTelemetry, Advanced Telehealth Systems, BIOTRONIK, Dream Systems, Huawei Technologies, and InTouch Technologies among others 

According to the report, the key factors giving impetus to the global telemonitoring market are the rise in chronic diseases and rising population of aged people. On the downside, the study states that lack of adequate ICT infrastructure in non-urban areas is the key challenge faced by the market. The report also states that the current market trend is towards increased adoption of CVIS. 

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