Analysis and Forecasts by Product (Vital Sign Monitors, Special Monitors), Application (Cardiovascular Diseases Treatment, Cancer Treatment, Sleep Disorder Treatment, Diabetes Treatment, Weight Management & Fitness Monitoring) End User (Hospitals & Clinics, Ambulatory Care Centers, Home Healthcare, and Others), and Country
Remote Patient Monitoring Devices market in Asia Pacific is expected to grow from US$ 153.78 Mn in the year 2018 and is expected to reach US$ 347.15 Mn by 2027 growing at a CAGR of 9.7% over the forecast period.
The growth of the market is driven by the factors such as rise in economy of these countries, the living standard of people is also increasing attributed to the increase in per capita income and spending capability, the increasing prevalence of the cardiovascular disease population in India and China are likely to boost the growth of the remote patient monitoring devices in the Asia Pacific during the forecast period.
Chronic diseases, including heart disease, stroke, diabetes, and obesity, are the leading causes of death in the world and account for most of the nation’s health care costs. According the Global Burden of Disease study estimate of CVD death rate of 272 per 100?000 population in India which is higher than the global average of 235 per 100?000 population. Moreover, Premature mortality in terms of years of life lost because of CVD in India increased by 59%, from 23.2 million (1990) to 37 million (2010). Similar trends for high prevalence of diabetes are present around other geographies of the Asia Pacific that include China, South Korea, and Australia. For instance, according to IDF Diabetes Atlas published by the International Diabetes Federation in 2017, south-east Asia is home to approximately one-fifth (19%) of the total diabetes population worldwide.
According to the World Health Organization, in 2014, 230 million people had cardiovascular disease (CVD) in China. Furthermore, by 2030, the number is predicted to increase by 50% considering aging Chinese population and growth. Furthermore, by 2030, cardiovascular disease will cost $ 1,044 billion to Chinese government. Thus, increasing geriatric population and related chronic diseases are expected to drive the sales of patient monitoring devices thereby propelling the growth of Asia Pacific remote patient monitoring devices market over the forecast years .
Japan is anticipated to lead the adoptions of Remote Patient Monitoring Devices across the Asia Pacific region through the forecast period. Japan has entered the era of the fastest growing geriatric population, the growing ageing population has led to the transformation of the medical systems. The advanced health transition is seen in the country and is increasingly putting pressure on the sustainability of its health systems. The rise in the geriatric population is responsible for the increasing the burden of the diseases in the region.
Exhibit: Japan Remote Patient Monitoring Devices Market Revenue and Forecasts to 2027 (US$ Bn)
ASIA PACIFIC REMOTE PATIENT MONITORING - MARKET SEGMENTATION
How big is the Asia-Pacific Remote Patient Monitoring Devices Market?
The Asia-Pacific Remote Patient Monitoring Devices Market is valued at US$ 153.78 Million in 2018, it is projected to reach US$ 347.15 Million by 2027.
What is the CAGR for Asia-Pacific Remote Patient Monitoring Devices Market by (2019 - 2027)?
As per our report Asia-Pacific Remote Patient Monitoring Devices Market, the market size is valued at US$ 153.78 Million in 2018, projecting it to reach US$ 347.15 Million by 2027. This translates to a CAGR of approximately 9.7% during the forecast period.
What segments are covered in this report?
The Asia-Pacific Remote Patient Monitoring Devices Market report typically cover these key segments-
End User (Hospitals & Clinics, Ambulatory Care Centers, Home Healthcare)
What is the historic period, base year, and forecast period taken for Asia-Pacific Remote Patient Monitoring Devices Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Remote Patient Monitoring Devices Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Asia-Pacific Remote Patient Monitoring Devices Market?
The Asia-Pacific Remote Patient Monitoring Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Koninklijke Philips N.V.
GE Healthcare
Boston Scientific Corporation
Omron Healthcare
Medtronic Plc.
Welch Allyn
Resideo Technologies (Honeywell Life Care)
Abbott Laboratories
Biotronik SE & Co. KG
Masimo Corporation
Who should buy this report?
The Asia-Pacific Remote Patient Monitoring Devices Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia-Pacific Remote Patient Monitoring Devices Market value chain can benefit from the information contained in a comprehensive market report.
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