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Global Telemonitoring Systems Market 2017-2021

Global Telemonitoring Systems Market 2017-2021

About Telemonitoring Systems

Telemedicine refers to the utilization of the telecommunications technology for medical diagnosis, treatment, patient care, and remote monitoring. This reduces the medical costs by allowing healthcare to be administered outside a hospital setting. Telemonitoring is one of the rapidly growing areas of telemedicine. Telemonitoring has different modes of operations such as real-time mode, wherein the data of a patient is available on the server, and the store-and-forward mode, which involves accessing the data at a later time.

Technavio’s analysts forecast the global telemonitoring systems market to grow at a CAGR of 12.96% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global telemonitoring systems market for 2017-2021. To calculate the market size, the report considers the sales of software, hardware, and services deployed across the globe by major and other prominent vendors. To calculate the market size, the revenue generated by both major and other prominent vendors is taken into account.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Telemonitoring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • General Electric
  • McKesson
  • Philips
Other prominent vendors
  • Aerotel Medical Systems
  • Advanced TeleHealth Solutions
  • Allscripts
  • BioTelemetry
  • BIOTRONIK
  • Drägerwerk
  • Dream Systems
  • eVisit Telemedicine Solution
  • Honeywell Life Care Solutions
  • Huawei Technologies
  • InTouch Technologies
  • LifeWatch
  • Medtronic
Market driver
  • Rise in chronic diseases and aging population
  • For a full, detailed list, view our report
Market challenge
  • Lack of adequate ICT infrastructure in rural areas
  • For a full, detailed list, view our report
Market trend
  • Increased adoption of CVIS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Telemonitoring Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global telemonitoring systems market: Abbott, General Electric, McKesson, and Philips.

Other Prominent Vendors in the market are: Aerotel Medical Systems, Advanced TeleHealth Solutions, Allscripts, BioTelemetry, BIOTRONIK, Drägerwerk, Dream Systems, eVisit Telemedicine Solution, Honeywell Life Care Solutions Huawei Technologies, InTouch Technologies, LifeWatch, and Medtronic.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased adoption of CVIS. CVIS (cardiovascular information system) is a healthcare IT used to store cardiology related information. CVIS helps to increase cardiology operations and offers a platform to access cardiology-related medical data. Hospitals are also integrating cardiology data, such as ECG, hemodynamics data, echogram data, and other laboratory test results, with centralized electronic health records. This enables medical information of the patient to be shared with other departments, such as oncology, for the treatment of CVD and cancer. Centralized databases to access cardiac data enable hospitals to cut down IT costs and streamline workflow for advanced treatment of heart diseases. CVISs support telecardiology programs in hospitals by providing access to patient data while ensuring the removal of redundant data.”

According to the report, one of the major drivers for this market is Rise in chronic diseases and aging population. The increase in incidences of chronic diseases such as heart diseases, stroke, chronic respiratory diseases, and diabetes in the aging population has resulted in the high demand for different diagnostic tests. This demand for diagnostic tests and regular monitoring of the patients will stimulate the need for telemonitoring systems during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is Lack of adequate ICT infrastructure in rural areas. In telemedicine, physicians and doctors consult their patients via videoconferencing or video consulting. Owing to the lack of a good infrastructure, there are many instances when the virtual consultation gets disconnected abruptly, resulting in the patient following the wrong treatment regimen. Telehealth pilot projects in developing economies face networking issues due to poorly designed network connectivity, poor user experiences, unreliable equipment, and poor bandwidth availability.

Companies Mentioned

Abbott, General Electric, McKesson, Philips, Aerotel Medical Systems, Advanced TeleHealth Solutions, Allscripts, BioTelemetry, BIOTRONIK, Drägerwerk, Dream Systems, eVisit Telemedicine Solution, Honeywell Life Care Solutions, Huawei Technologies, InTouch Technologies, LifeWatch, and Medtronic.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Overview of global telemonitoring systems market
    • Market size and forecast
      • Table Global telemonitoring systems market 2016-2021 ($ billions)
  • Five forces analysis
    • Table Five forces analysis
  • Market developments
    • Need to support Healthcare 3.0 revolution
    • Rise in digital and connected healthcare technologies
    • Emergence of personalized and patient-centric healthcare services
    • Increased use of healthcare apps
    • Real-time location data using IoT technology
  • Market segmentation by type
    • Global telemonitoring systems market by type
      • Table Global telemonitoring systems market by type 2016 (% revenue share)
      • Table Global telemonitoring systems market by type 2016-2021 ($ billions)
      • Table Global telemonitoring systems market by type 2017-2021 (YoY)
  • Geographical segmentation
    • Table Global telemonitoring systems by geography 2016 (% share of revenue)
    • Table Global telemonitoring systems market by geography 2016-2021 ($ billions)
    • Table Global telemonitoring systems market 2017-2021 (YoY)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global population aged 65 years and above 2010 and 2050 (% share)
    • Market challenges
  • Market trends
    • Increased adoption of CVIS
    • Rise in the adoption of smart and connected medical devices
    • Increased adoption of analytics in healthcare
    • Emergence of wearable technology
  • Buying criteria
    • Table Buying criteria for telemonitoring system
  • Vendor landscape
    • Competitive landscape
      • Table Competitive differentiators for vendors
    • Vendor matrix
      • Table Vendor matrix: Solutions
      • Table Vendor matrix: Geographical presence
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profiles
    • Abbott
      • Table Abbott: Recent developments
    • General Electric
      • Table General Electric: Recent developments
    • McKesson
      • Table McKesson: Recent developments
    • Philips
      • Table Philips: Recent developments
  • Market assumptions
    • Table Market assumptions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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