Europe Remote Patient Monitoring Systems Market - Growth, Trends, and Forecast (2020 - 2025)

The Market is Segmented by Type of Device (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Other Types of Devices), Application, End User, and Geography.

Market Snapshot

Picture1 Europe Remote Patient Monitoring Systems Market

Study Period:

2016-2024

Base Year:

2018

Major Players:

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Market Overview

The European remote patient monitoring systems market is expected to witness a healthy CAGR during the forecast period. Major factors, such as rising incidences of chronic diseases due to lifestyle changes, an increase in the aging population, demand for home-based monitoring devices, and ease of use and portability of devices, are likely to promote the growth of the market studied. However, factors, such as resistance from the healthcare industry professionals toward the adoption of patient monitoring systems in developing regions, stringent regulatory framework, and high cost of technology, are a few factors impeding the growth of the market studied.

Scope of the Report

Remote patient monitoring technology comprises day-to-day monitoring devices, such as glucometers for patients with diabetes, and heart or blood pressure monitors for patients getting cardiac care. Information can be sent to a physician's workplace by using telehealth communication links, using a software application installed on the patient's internet-capable computer, smartphone, or tablet.

Type of Device
Heart Monitors
Breath Monitors
Hematology Monitors
Multi-parameter Monitors
Other Types of Devices
Application
Cancer Treatment
Cardiovascular Diseases
Diabetes Treatment
Sleep Disorder
Weight Management and Fitness Monitoring
Other Applications
End User
Home Care Settings
Clinics
Hospitals
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Home Care Settings Segment is Estimated to Dominate among the End Users in the Market

People often need to track their personal health more efficiently and monitor the status of another individual, periodically and remotely. Periodic reports and immediate alerts for any sudden changes in the health of a sick person at home may give an opportunity to act quickly and save the life of the person in danger.

The latest trend is the shift of treatment from hospitals to home, in order to reduce the hospital bills. Patients prefer home healthcare because of cost-effectiveness, privacy, and convenience. The home healthcare market involves various devices and solutions that offer cost-effective ways to treat or diagnose chronic disorders. Moreover, the advancements from treatment toward monitoring are providing new opportunities for market growth. The technological advancements assisting the ease of use, increasing chronic disorders favoring the direct sales of home healthcare equipment, and increasing healthcare costs demanding affordable home care solutions are the major factors driving the market growth.

Picture2 Europe Remote Patient Monitoring Systems Market

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Competitive Landscape

The European remote patient monitoring market is moderately fragmented and various medical device manufacturers are operating in the market, along with several specialized remote patient monitoring equipment manufacturers. The industry is highly competitive and there is a growing trend of partnerships and agreements between the industry participants and other medical device manufacturers, in order to incorporate remote patient monitoring functionalities in their devices.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Chronic Diseases due to Lifestyle Changes

      2. 4.2.2 Rising Geriatric Population

      3. 4.2.3 Rising Demand for Home-based Monitoring Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Resistance from Healthcare Industry Professionals

      2. 4.3.2 Stringent Regulatory Framework

      3. 4.3.3 Lack of Proper Reimbursement

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type of Device

      1. 5.1.1 Heart Monitors

      2. 5.1.2 Breath Monitors

      3. 5.1.3 Hematology Monitors

      4. 5.1.4 Multi-parameter Monitors

      5. 5.1.5 Other Types of Devices

    2. 5.2 Application

      1. 5.2.1 Cancer Treatment

      2. 5.2.2 Cardiovascular Diseases

      3. 5.2.3 Diabetes Treatment

      4. 5.2.4 Sleep Disorder

      5. 5.2.5 Weight Management and Fitness Monitoring

      6. 5.2.6 Other Applications

    3. 5.3 End User

      1. 5.3.1 Home Care Settings

      2. 5.3.2 Clinics

      3. 5.3.3 Hospitals

    4. 5.4 Geography

      1. 5.4.1 Europe

        1. 5.4.1.1 Germany

        2. 5.4.1.2 United Kingdom

        3. 5.4.1.3 France

        4. 5.4.1.4 Italy

        5. 5.4.1.5 Spain

        6. 5.4.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 GE Healthcare

      4. 6.1.4 F. Hoffmann-La Roche

      5. 6.1.5 Masimo Corporation

      6. 6.1.6 Medtronic

      7. 6.1.7 Omron Healthcare

      8. 6.1.8 Proteus Digital Health

      9. 6.1.9 Resideo Technologies Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

* List Not Exhaustive

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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