Stringent government policies and favorable regulations
by WHO in Germany regarding usage of remote patient monitoring devices are
encouraging companies to develop drugs for treatment of chronic diseases. These
diseases include cardiovascular diseases (CVDs), cancer, diabetes mellitus
(DM), and chronic respiratory diseases. Penetration of remote patient
monitoring devices in the German market supports local clinical research
organizations (CROs) in their clinical research trials and ensures ease of
monitoring, which facilitates drug discovery process.
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Thus, growing cases of chronic disorders are expected to
serve as a high impact rendering factor for the Germany remote patient
monitoring device industry. Cancer, CVDs, sleep disorder, and weight management
and fitness monitoring are the key application segments analyzed in the Germany
remote patient monitoring devices industry. Cardiovascular diseases segment is
one of the largest application segments. This is mainly due to increasing
number of patients suffering from diseases such as cardiac hypertension as they
need regular blood pressure monitoring due to frequent fluctuations.
The use of remote patient monitoring devices in
post-acute care aids in self-health management. Increasing demand for
self-management skills and tools is projected to propel the market growth in
the next few years. Escalating demand for independent care, especially in
post-operative care is further anticipated to be a major factor driving the
industry growth. Growing geriatric population, as they are highly susceptible
to chronic conditions, such as diabetes and CVDs is also expected to fuel
industry demand.
Cancer patients need continuous monitoring for evaluating
their progress with regard to the prescribed treatment plan. Continuous
monitoring enables doctors to evaluate and vary the dosage to eradicate tumor
cells. Government initiatives such as various campaigns, health insurance
policies, and reimbursement policies for medical devices present growth
opportunities for the market, thereby augmenting the product demand. Moreover,
advancements in technology, introduction of affordable and efficient devices,
and improving healthcare infrastructure due to rapid economic growth would also
propel market expansion.
The Germany remote patient monitoring device market is
highly competitive and led by Medtronic Plc and St. Jude Medical, Inc. Other
key companies are Boston Scientific Corporation, Covidien Ltd., and Philips
Healthcare. Mergers and acquisitions are the key strategies undertaken by most
of these companies to diversify their product portfolio and gain market share
in the coming years.
Hexa Research has segmented the Germany remote patient
monitoring devices market report based on product type, application and end
use:
Segmentation
by Product Type
• Vital Sign
Monitors
• Specialized
Monitors
Segmentation
by Application
• Cancer
•
Cardiovascular Diseases
• Diabetes
• Sleep
Disorder
• Weight
Management
• Fitness
Monitoring
Segmentation
by End Use
•
Hospital-based Patients
• Ambulatory
Patients
• Home
Healthcare
Key
players analyzed:
• Shenzhen
Mindray Bio-Medical Electronics Co., Ltd.
• Nihon Kohden
Corporation
• Omron
Corporation
• OSI Systems,
Inc.
• Koninklijke
Philips N.V.
• Welch Allyn,
Inc.
• ALTEN Calsoft
Labs
• Smiths
Medical, Inc.
• Abbott
Laboratories
• American
TeleCare, Inc.
• Boston
Scientific Corporation
• Dräger
Medical
• GE Healthcare
• Honeywell
Life Care Solutions
• Johnson &
Johnson Services, Inc.
• LifeWatch AG
• Masimo
• Medtronic PLC
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