Remote Patient Monitoring Devices Market by Type, Application, Trends and Forecast to 2032

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Remote Patient Monitoring Devices Market Market
Consolidation and Mergers Acquisitions
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• Industry Insights

• Remote Patient Monitoring Devices Market size is
  expected to expand substantially through 2032.
• Given the growing geriatric population, the
  rising adoption of remote patient monitoring
  devices in developed regions such as Europe and
  North America will strengthen the market outlook
  over the next ten years.
• As per Eurostat, in 2022, over 21.1, which makes
  up around one-fifth of the EU population, was 65
  years and above.
• Many companies in this business vertical are
  focusing on collaboration strategies to enhance
  their industry standing. For instance, in October
  2022, GE Healthcare, an American multinational
  medical technology company, inked a deal with AMC
  Health, a leading provider of remote patient
  monitoring solutions.

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• The integration of the company's acute patient
  monitoring solutions in hospitals and AMC
  Health's specialization in remote patient
  monitoring through an FDA Class II
  510(k)-approved platform will help in the
  extension of the non-acute care continuum.
• The overall remote patient monitoring devices
  market is segmented on the basis of product,
  application, end use, and region.
• The remote patient monitoring devices industry
  from the neurological segment is poised to garner
  considerable gains through 2032. Owing to the
  cost-effectiveness of these devices, many
  patients are turning to self-monitoring
  activities which may contribute to segment growth
  in the long run.
• Moreover, the growing prevalence of neurological
  disorders such as Parkinson's disease, dementia,
  and others has further increased the product
  demand.
• According to WHO, around 55 million people
  globally are dealing with dementia, with an
  estimated 10 million new cases diagnosed every
  year.

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• Regional Analysis

• Asia Pacific remote patient monitoring devices
  industry is expected to exhibit over 11.5 CAGR
  from 2023 to 2032. Rising elderly population
  suffering from chronic ailments has increased the
  need for remote patient monitoring devices in the
  region.

• Competitive Analysis

• The remote patient monitoring devices market
  comprises major healthcare devices and technology
  developers such as Boston Scientific Corporation,
  DexCom, Inc., Johnson Johnson, Koninklijke
  Philips N.V., Baxter International Inc., OMRON
  Corporation, GE Healthcare, Medtronic, Siemens
  Healthineers AG.

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