DUBLIN--(BUSINESS WIRE)--The "Global Remote Patient Monitoring System Market (2022-2027) by Health Plans, Services, Business Model, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Remote Patient Monitoring System Market is estimated to be USD 53.8 Bn in 2022 and is expected to reach USD 152.08 Bn by 2027, growing at a CAGR of 23.1%.
Market dynamics are forces that impact the prices and behaviors of the Global Remote Patient Monitoring System Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.
Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Remote Patient Monitoring System Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Remote Patient Monitoring System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
Market Dynamics
Drivers
- Rising Geriatric Population and the Growing Need to Expand Healthcare Access
- Cost Benefits of Telehealth and Remote Patient Monitoring
- Benefits of RPM to Reduce the Burden on Medical Resources
- Advancements in Telecommunications
Restraints
- Regulatory Variations Across Regions
- Healthcare Fraud
- Informal Usage of Social Media Practices
Opportunities
- Role and Impact of AI in Remote Patient Monitoring
- High Utility of RPM in Combating Infectious Diseases & Epidemics
- Significant Opportunities in Data Monetization of Patient Data
Challenges
- Data Privacy Concerns, Healthcare Affordability, and Limited Awareness
- Data Accessibility Issues
Market Segmentation
The Global Remote Patient Monitoring System Market is segmented based on Health Plans, Services, Business Model, and Geography.
- By Health Plans, the market is classified into Commercial Health Plan, Self-insured Employer Plan, Medical Part D Plans, and Managed Medicaid Programs.
- By Services, the market is classified into Specialty Pharmacy Services, Retail Pharmacy Services, Mail-order Pharmacy Services, Benefit Plan Design & Administration, Formulary Management, and Clinical Programs & Services.
- By Business Model, the market is classified into Insurance Companies & Retail Pharmacies and Pure Play PBMs.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Companies Mentioned
- Abbott Laboratories
- Alten Calsoft Labs (A Subsidiary of Alten Group)
- Bio-Beat Technologies
- Boston Scientific
- Cerner
- Dexcom
- GE Healthcare
- Irhythm Technologies
- Koninklijke Philips
- Medtronic
- Omron Healthcare
- Preventice Solutions
- Resideo Life Care Solutions
- Siemens Healthineers
- Teledoc Health
- Vitalconnect
- Vivalnk
- Vivify Health
For more information about this report visit https://www.researchandmarkets.com/r/xf2uhi
