The usage of remote patient monitoring devices allows for the digital capture of a person's medical data from a single place and the electronic transmission of that data to healthcare professionals in other locations for assessments and recommendations. Blood pressure, blood oxygen levels, heart rates, electrocardiograms, and blood sugar levels are just a few of the medical data that are collected by the monitoring devices from point-of-care testing. The information gathered by the gadgets is subsequently sent to medical personnel working in hospitals, critical care units, and nursing homes for additional evaluation.
The size of the global market for Remote Patient Monitoring Devices was estimated at US$ 1,192.5 million in 2022 and is anticipated to grow at a CAGR of 7.4% during the following five years (2022-2030).
Major Players in the Remote Patient Monitoring Devices Industry:
1. Abbott Laboratories
American global medical device and healthcare corporation Abbott Laboratories was established in 1888 and is headquartered in Abbott Park, Illinois. Abbott Laboratories (Abbott) researches, develops, produces, and markets a wide array of healthcare goods, including branded generic medications, diagnostic tools, and infant, adolescent, and adult nutritional supplements. Also, the business sells a range of medical devices, such as those for neuromodulation, electrophysiology, rhythm control, heart failure, and vascular and structural heart problems. Also, the business sells dietary supplements as well as minerals and nutrition goods. In addition to operating production sites across the world, it has research and development centres in the US, China, Colombia, India, Singapore, Spain, and the UK. The firm sells its goods across Africa, South America, the Middle East, Europe, and the Asia-Pacific region. Abbott is headquartered in Abbott Park, Illinois, the US.
2. GE HealthCare Technologies Inc.
GE HealthCare Technologies Inc., doing business as GE HealthCare, is a multinational provider of medical technology with its main office in Chicago, Illinois. It was established in 1892. On January 4, 2023, GE split it out, keeping 20% of the company. A greater number of people can receive better care thanks to our customers' use of the wide range of expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement
