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Asia Pacific Remote Cardiac Monitoring Market

2021

Asia Pacific Remote Cardiac Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Devices, Software, and Services) and End User (Hospitals and Clinics, Emergency Settings, Homecare Settings, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025816 | No. of Pages: 160 | Category: Medical Device | Status: Published

Market Insights

Asia Pacific Remote Cardiac Monitoring Market to Grow at a CAGR of 31.9% to reach US$ 3,746.28 million Million from 2021 to 2028

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The remote cardiac monitoring market in APAC is expected to grow from US$ 539.22 million in 2021 to US$ 3,746.28 million by 2028; it is estimated to grow at a CAGR of 31.9% from 2021 to 2028.


China, Japan, and India are major economies in APAC. Increase in incidence of cardiovascular diseases is the major factor driving the growth of the APAC remote cardiac monitoring market. Remote patient monitoring (RPM) allows patients to manage their health better by increasing their involvement in their health care. According to the World Health Organization (WHO), cardiovascular diseases (CVDs) are among the leading causes of death worldwide, and ~30 million people experience a stroke each year. Mortalities caused by CVDs in the Asia-Pacific countries range from less than 20% in countries such as Thailand, the Philippines, and Indonesia to 20–30% in urban China, Hong Kong, Japan, Korea, and Malaysia. Countries such as New Zealand, Australia, and Singapore have relatively high rates of 30–35%. Hypertension is a significant risk factor for CVD. RPM may serve as a vital conduit for improving hypertension control and reducing the economic burden stemming from prolonged or frequent hospital stays that result from acute hypertension-related events. Research has shown that RPM can significantly lower systolic blood pressure (SBP) and diastolic blood pressure (DBP) compared to usual care and self-monitoring alone. According to a few non-randomized trials, RPM can improve outcomes by enabling accurate and early detection as well as decreasing all-cause mortality rates and hospitalizations. Recent clinical guidelines strongly recommend the use of RPM for atrial fibrillation (AF) detection in both stroke and non-stroke patients, which is further anticipated to drive the Remote Cardiac Monitoring market in APAC.

The COVID-19 pandemic has critically influenced the region and has also allowed stakeholders to realign their future path based on strategic intent and focus. Moreover, various companies have been manufacturing patient monitoring devices with biosensors for easy and quick results. Reports have indicated that the usage of pulse oximeters in hospitals and at home has increased substantially amid this pandemic. The governments in a few countries are providing reimbursement for pulse oximeter purchases. For instance, in June 2020, the Union Health Ministry of India has decided to reimburse the cost of pulse oximeter purchased by beneficiaries Central Government Health Scheme (CGHS). They are tested positive as a supportive measure for COVID-19 patients monitoring at-home care during the pandemic.Moreover, in June 2021, Max Healthcare launched an artificial intelligence (AI)-powered device combined with a patient monitoring framework, declared the first in the nation. Max Healthcare has launched the service in partnership with MyHealthcare.Similarly, in February 2021, Remo Care Solutions (Kochi) launched Remo.Cardia a remote cardiac monitoring system powered by artificial intelligence that monitors and analyzes patients' vitals on a real-time basis. Thus, increasing government support and reimbursement policies for medical devices is expected to support the market of RPM devices.

Remote Cardiac Monitoring market

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APAC Remote Cardiac Monitoring Market Segmentation

APAC Remote Cardiac Monitoring Market – By Product Type

  • Devices
    • Vital Signs Monitors
    • Heart Rate Monitors
    • Blood Pressure Monitors
    • Breath Monitors
    • Holter Monitors
    • Others
  • Software
    • Cloud Based Software
    • On-Premise Software
  • Services

APAC Remote Cardiac Monitoring Market – By End User

  • Hospitals and Clinics
  • Emergency Settings
  • Homecare Settings
  • Others

APAC Remote Cardiac Monitoring Market– By Country

  • Japan
  • China
  • India
  • South Korea
  • Australia
  • RoAPAC

APAC Remote Cardiac Monitoring Market-Companies Mentioned

  • Abbott
  • Biotronik, Inc.
  • Boston Scientific Corporation
  • GE Healthcare
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • Medtronic
  • Nihon Kohden Corporation
  • OSI Systems, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 APAC Remote Cardiac Monitoring Market – By Product Type

1.3.2 APAC Remote Cardiac Monitoring Market – By End User

1.3.3 APAC Remote Cardiac Monitoring Market – By Country

2. APAC Remote Cardiac Monitoring Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Remote Cardiac Monitoring Market – Market Landscape

4.1 Overview

4.1 PEST Analysis

4.1.1 Asia Pacific – PEST Analysis

4.2 Expert Opinions

5. APAC Remote Cardiac Monitoring Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Incidence of Cardiovascular Diseases

5.1.2 Continuous Developments in Telemedicine Approach

5.2 Market Restraints

5.2.1 Concerns Regarding Data Privacy

5.3 Market Opportunities

5.3.1 Surge in Preference for Remote Patient Monitoring During COVID-19 Pandemic

5.4 Future Trends

5.4.1 Strategic Initiatives by Market Players

5.5 Impact analysis

6. Remote Cardiac Monitoring Market – APAC Analysis

6.1 APAC Remote Cardiac Monitoring Market Revenue Forecast and Analysis

7. APAC Remote Cardiac Monitoring Market Analysis and forecasts to 2028 – by Product Type

7.1 Overview

7.2 APAC Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)

7.3 Devices

7.3.1 Overview

7.3.2 Devices: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.1 Vital Signs Monitor

7.3.2.1.1 Overview

7.3.2.1.2 Vital Signs Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.2 Holter Monitor

7.3.2.2.1 Overview

7.3.2.2.2 Holter Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.3 Blood Pressure Monitor

7.3.2.3.1 Overview

7.3.2.3.2 Blood Pressure Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.4 Heart Rate Monitors

7.3.2.4.1 Overview

7.3.2.4.2 Heart Rate Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.5 Breath Monitors

7.3.2.5.1 Overview

7.3.2.5.2 Breath Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.6 Others

7.3.2.6.1 Overview

7.3.2.6.2 Others: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.4 Software

7.4.1 Overview

7.4.2 Software: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.4.2.1 Cloud Based Software

7.4.2.1.1 Overview

7.4.2.1.2 Cloud Based Software: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.4.2.2 On-Premise Software

7.4.2.2.1 Overview

7.4.2.2.2 On-Premise Software: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.5 Service

7.5.1 Overview

7.5.2 Service: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8. APAC Remote Cardiac Monitoring Market Analysis and Forecasts to 2028 – by End User

8.1 Overview

8.2 APAC Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)

8.3 Hospitals and Clinics

8.3.1 Overview

8.3.2 Hospitals and Clinics: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8.4 Emergency Settings

8.4.1 Overview

8.4.2 Emergency Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8.5 Homecare Settings

8.5.1 Overview

8.5.2 Homecare Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: APAC Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

9. APAC Remote Cardiac Monitoring Market – Country Analysis

9.1 Asia Pacific: Remote Cardiac Monitoring Market

9.1.1 Overview

9.1.2 Asia Pacific: Remote Cardiac Monitoring Market, by Country, 2021 & 2028 (%)

9.1.2.1 China: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

9.1.2.1.1 China: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2 China Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2.1 China: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.1.2.2 China: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.1.3 China Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.2 Japan: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.1 Japan: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2 Japan Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2.1 Japan: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.2.2.2 Japan: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.2.3 Japan Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.3 India: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.1 India: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2 India Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2.1 India: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.3.2.2 India: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.3.3 India Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.4 South Korea: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.1 South Korea: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.2 South Korea Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.2.1 South Korea: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.4.2.2 South Korea: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.4.3 South Korea Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.5 Australia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.5.1 Australia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.5.2 Australia Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.5.2.1 Australia: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.5.2.2 Australia: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.5.3 Australia Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.6 Rest of Asia Pacific: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

9.1.2.6.1 Rest of Asia Pacific: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

9.1.2.6.2 Rest of Asia Pacific Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.6.2.1 Rest of Asia Pacific: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.6.2.2 Rest of Asia Pacific: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.6.3 Rest of Asia Pacific Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

10. Impact Of COVID-19 Pandemic on APAC Remote Cardiac Monitoring Market

10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11. APAC Remote Cardiac Monitoring Market– Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 OSI Systems, Inc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 GE Healthcare

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Biotronik, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Nihon Kohden Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Boston Scientific Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Koninklijke Philips N.V.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Honeywell International Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Abbott

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Medtronic

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. APAC Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. China Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 3. China Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 4. China Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 5. China Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 6. Japan Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Japan Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 8. Japan Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 9. Japan Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 10. India Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 11. India Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 12. India Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)

Table 13. India Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 14. South Korea Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 15. South Korea Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 16. South Korea Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)

Table 17. South Korea Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 18. Australia Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 19. Australia Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 20. Australia Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)

Table 21. Australia Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 22. Rest of Asia Pacific Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 23. Rest of Asia Pacific Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 24. Rest of Asia Pacific Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)

Table 25. Rest of Asia Pacific Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 26. Organic Developments Done By Companies

Table 27. Inorganic Developments Done By Companies

Table 28. Glossary of Terms, APAC Remote Cardiac Monitoring Market

LIST OF FIGURES

Figure 1. APAC Remote Cardiac Monitoring Market Segmentation

Figure 2. APAC Remote Cardiac Monitoring Market Segmentation, By Country

Figure 3. APAC Remote Cardiac Monitoring Market Overview

Figure 4. Devices Segment Held Largest Share of APAC Remote Cardiac Monitoring Market

Figure 5. China to Show Significant Growth During Forecast Period

Figure 6. Asia Pacific PEST Analysis

Figure 7. APAC Remote Cardiac Monitoring Market Impact Analysis of Driver and Restraints

Figure 8. APAC Remote Cardiac Monitoring Market – Revenue Forecast and Analysis – 2020- 2028

Figure 9. APAC Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)

Figure 10. Devices: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 11. Vital Signs Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12. Holter Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13. Blood Pressure Monitor: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14. Heart Rate Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15. Breath Monitors: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 16. Others: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17. Software: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18. Cloud Based Software: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19. On-Premise Software: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20. Service: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. APAC Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)

Figure 22. Hospitals and Clinics: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23. Emergency Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24. Homecare Settings: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 25. Others: APAC Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 26. Asia Pacific: Remote Cardiac Monitoring Market, by Key Country – Revenue (2021) (USD Million)

Figure 27. Asia Pacific: Remote Cardiac Monitoring Market, by Country, 2021 & 2028 (%)

Figure 28. China: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 29. Japan: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 30. India: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 31. South Korea: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 32. Australia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 33. Rest of Asia Pacific: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 35. Growth Strategies Done by the Companies in the Market, (%)

  1. Abbott
  2. Biotronik, Inc.
  3. Boston Scientific Corporation
  4. GE Healthcare
  5. Honeywell International Inc.
  6. Koninklijke Philips N.V.
  7. Medtronic
  8. Nihon Kohden Corporation
  9. OSI Systems, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Remote Cardiac Monitoring Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Remote Cardiac Monitoring Market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Remote Cardiac Monitoring Market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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