Telemonitoring Systems Market Share

Market Share of Telemonitoring Systems Industry

The telemonitoring systems market is highly fragmented and competitive, consisting of several major players. Vendors are continually introducing smart medical devices and are investing massively toward the development of next-generation healthcare IT along with the partnership, mergers, etc. Vendors are competing based on the quality of telemonitoring systems and solutions, along with services and advanced characteristics. Key players are Abbott Laboratories, Care Innovations LLC, etc. Some of the recent developments in the market are -

• April 2020 - GE Healthcare extended its long-time collaboration with Microsoft to launch a cloud-based COVID-19 patient monitoring software for health systems. The software is designed for providing a central hub from which hospital staff can monitor patients in intensive care units, including those on medical ventilation.
• March 2020 - With growing concerns about Coronavirus (COVID-19) and when to seek medical care, Sparrow Health System launched a COVID-19 virtual care screening digital app in partnership with a telemedicine service provider, Amwell. The new app is accessible by smartphone, tablet, or computer.

Telemonitoring Systems Market Leaders

1. Abbott Laboratories

2. Care Innovations LLC​

3. GE Healthcare Systems (General Electric System)

4. Koninklijke Philips NV

5. Aerotel Medical Systems Ltd

*Disclaimer: Major Players sorted in no particular order