Digitization at Every Step to Drive the Remote
Patient Monitoring Device Market
The Remote Patient Monitoring Device Market is estimated to grow on a diligent note in the
forecast period. Today, social proof could be equated with digital currency. In other words,
people go for digital reviews, signals, and testimonials before deciding on the
doctor/hospital. This social proof works better with telehealth, and also goes beyond region-
wise obstacles. This would all be about the healthcare vertical going forward.
Remote patient monitoring is gaining popularity owing to the increase in chronic diseases
and aging population. In the traditional healthcare setting all the data collected is lost as
soon as the patient leaves the hospital and it is only found when a patient visits again.
However, remote patient monitoring device helps in collecting the data and share it even
from a remote location outside hospital or clinic. The concept of telemedicine is also gaining
momentum. It allows remote diagnosis and treatment of patients using a telecommunication
device, this reduces cost substantially and offers care with comfort.
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The manufacturers of remote patient monitoring devices are also focusing on research and
development activities and increasingly investing in the same. This is being done to improve
the remote patient monitoring device currently offered and also decrease the high cost of
devices. Companies are also looking forward to come-up with a mobile application for
remote patient monitoring, thereby, eliminating the need to spend on costly hardware.
Manufacturers are developing cardiovascular and respiratory devices with increasing
people suffering from various heart and breathing diseases. Hence, portable device
monitoring heart rate and blood pressure. Sensor-based devices monitoring oxygen levels
and to monitor medication usage are also being provided.
As per the report published by Persistence Mar