MRRSE has announced the addition of the “Remote Patient Monitoring Devices Market (By Types: Heart Monitors, Breath Monitors, Physical Activity Monitors, Hematology Monitors, Body Temperature Monitors, Multi-sign Monitors and Others & By End Users: Home Healthcare and Ambulatory Care Centers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 ” report to their offering.

1. Remote Patient Monitoring Devices Market - Detailed Analysis
of Restrain and Growth Factors
Report Description
Remote patient monitoring is an emerging healthcare solution
that enables monitoring of patients who are away from
hospital settings. Remote patient monitoring offers several

2. advantages such as reduction in hospital visits, data
recording for prolong period, quick and accurate results,
reduced cost for patients and assistance to medical
practitioner with historic patient data. In addition, remote
patient monitoring also reduces the waiting time in hospitals
and enables medical practitioners to access the patient
records from multiple places. Furthermore, growing demand
for electronic health record (EHR) is fueling the demand for
remote patient monitoring devices since these devices offer
integration with cloud data bases for data storage and access.
Growing patient population, rising awareness of lifestyle
disorders and technological developments in medical devices
have accentuated the growth of remote patient monitoring
devices market.

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Heart monitors, breath monitors, physical activity monitors,
hematology monitors, body temperature monitors, multi-sign
monitors and others are some of the remote monitoring
devices that are widely used. Rising incidences of chronic
diseases that require continuous monitoring such as diabetes,
blood pressure and cardiovascular conditions, propels the
demand for medical devices. In 2013, heart rate monitors
segment dominated the global remote patient monitoring
devices owing to high demand for these devices mainly due
to rising prevalence of cardiac diseases. Furthermore, rising

4. geriatric population propels the prevalence of cardiac diseases
globally. Thus, owing to increasing number of patients
diagnosed with cardiac diseases accentuates the uptake the
heart rate monitors.
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In 2013, ambulatory care centers segment accounted for the
largest share in the global remote patient monitoring devices
market. Growing geriatric population is primarily driving the
demand for ambulatory care centers, as elderly people are at
a higher risk of acquiring diseases and infections. However,
rise in demand for home-based treatment as more number of

5. patients opts for diagnosis and treatment of diseases at home
boosts the home healthcare segment during the forecast
period from 2014 to 2020.
Geographically, North America contributed the largest share
in the global remote patient monitoring devices market.
Increasing incidences of cardiovascular and respiratory
diseases coupled with rising preference to reduce hospital
readmissions. Under the Hospital Readmissions Reduction
Program created by the Patient Protection and Affordable
Care Act, government of the U.S. has imposed penalty to
hospitals. As a penalty government has announced reduction
up to 1% in the Medicare payment per patient for hospital
readmission within 30 days in 2013. Thus, to reduce the

6. hospital readmissions, medical professionals are promoting
remote patient monitoring in the region.
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market
The global remote patient monitoring devices market is a
fragmented market with many local players competing with
global players. In addition, presence of all the necessary
resources is enabling easy entry of medical device
manufacturers into the remote patient monitoring devices
market. Thus, major players in the market are strategically
collaborating with local players to offer innovative

7. technologies and thereby sustain in the competition. In
November 2014, LifeWatch AG partnered with Vital Connect,
Inc., a health care company based in Silicon Valley. This
collaboration enables LifeWatch to utilize Vital Connect’s
HealthPatch MD as 1-lead ECG device in LifeWatch’s cardiac
monitoring business. LifeWatch aims to expand its cardiac
monitoring devices business by adding patch technology to its
product offerings. Similarly, in December 2014, Omron
Healthcare Inc. collaborated with AliveCor, Inc., a California-
based company that provides mobile technology for heart
health. The two companies aim to improve access to remote
patient monitoring products through retail and online
channels, especially for heart patients.

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