Asia Pacific Remote Patient Monitoring Market Dynamics and Trends by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia Pacific Remote Patient Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Software, Devices, and Services) and End User (Providers, Payers, Patients, and Others)
- Report Date : Nov 2021
- Report Code : TIPRE00025810
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 170
The remote patient monitoring market in Asia Pacific is expected to grow from US$ 5,396.87 million in 2021 to US$ 37,110.22 million by 2028; it is estimated to grow at a CAGR of 31.7% from 2021 to 2028.
Various developing and under-developed countries still do not have access to healthcare facilities. The patients from these places must travel a long way to get their routine checkups done from healthcare professionals. Remote patient monitoring and IoT enabled healthcare devices can help these patients to communicate as well as get diagnosed and monitored with the healthcare professionals from their homes, thus saving the time and cost involved in travelling. The expansion of IoT and connected healthcare services in such locations can be a prospective taken into consideration by the major companies operating in the remote patient monitoring devices in healthcare market.
Countries in the Asia Pacific are facing increasing incidences of COVID-19. The 2019 novel coronavirus (2019-nCoV), officially named COVID-19 by the WHO, has spread to more than 170 countries, including China prompting the WHO to declare the disease as a global pandemic. Accompanying the catastrophic loss of life that the virus has caused is the impact on the global economy, which has reeled from the effects of the pandemic. The COVID-19 pandemic has critically impacted the region, but it has also provided an opportunity for stakeholders to realign their future path based on strategic intent and focus. Moreover, various companies such as have been manufacturing patient monitoring devices with biosensors for easy and quick results. Beginning in China, this evolved into a deadly pandemic, subsequently affecting various countries in the Asia Pacific region. Reports have indicated that amid this pandemic, the usage of a pulse oximeters in hospitals and at home has increased substantially. The government in some countries are providing reimbursement for pulse oximeter purchase. For instance, in June 2020, the Union health ministry of Asia Pacific has decided to reimburse the cost of pulse oximeter purchased by beneficiaries Central Government Health Scheme (CGHS), who are tested positive as a supportive measure for COVID-19 patients monitoring at-home care during the pandemic.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific remote patient monitoring market. The Asia Pacific remote patient monitoring market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Asia Pacific Remote Patient Monitoring Market Segmentation
Asia Pacific Remote Patient Monitoring Market – By Type
- Software
- Cloud
- On-Premise
- Devices
- Cardiac Monitoring Devices
- Neurological Monitoring Devices
- Respiratory Monitoring Devices
- Multiparameter Monitoring Devices
- Blood Glucose Monitoring Devices
- Fetal and Neonatal Monitoring Devices
- Weight Monitoring Devices
- Other Monitoring Devices
- Services
Asia Pacific Remote Patient Monitoring Market – By End User
- Providers
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
- Others
- Payers
- Patients
- Others
Asia Pacific Remote patient monitoring market – By Country
- Japan
- China
- India
- South Korea
- Australia
- Rest of APAC
Asia Pacific Remote patient monitoring market – Companies Mentioned
- Medtronic
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Abbott
- OMRON Corporation
- Siemens Healthineers AG
- Nihon Kohden Corporation
- General Electric Company
- Cerner Corporation
Asia Pacific Remote Patient Monitoring Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 5,396.87 Million |
| Market Size by 2028 | US$ 37,110.22 Million |
| Global CAGR (2021 - 2028) | 31.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Medtronic
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Abbott
- OMRON Corporation
- Siemens Healthineers AG
- Nihon Kohden Corporation
- General Electric Company
- Cerner Corporation
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