Mass technological transformation of the global healthcare industry has left key market participants struggling to traverse the complexities of medical and life sciences. Given the shifting dynamics of the global healthcare sector, pharma and biotech companies are taking measured efforts to improve patient outcomes in an effective manner, while keeping a careful watch on the bottom line.
Much is being said about Artificial Intelligence taking over manual back office and supply chain operations in the healthcare ecosystem, threatening to replace physicians from critical claims processing roles. This might put pressure on pharmaceutical companies to ensure readiness to the new technology.
Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.
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Creating outcome-oriented financial models to maximize reimbursements in value-based healthcare will be a strategic shift from the traditional fees-for-services model. This implies that pharmaceutical companies will need to devise appropriate measures to optimize costs and improve the quality of patient care.
The demand for mobile continuous patient monitors witnessed an incredible rise in 2020 due to rising investments by the government in highly advanced, equipped and upgraded mobile monitoring devices to track patients from home without clinical visits for their safety due to the spread of Covid-19 pandemic. In 2021, further researches are getting conducted to bring continuous developments in this market.
Shifting focus from cinical visits to health tracking from home for avoiding unnecssary spread of Covid-19 in 2021 is adding immense progress to this market.
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At present, mobile patient monitors are allowing the physicians and hospitals to monitor patients outside the conventional clinic settings where the technology can provide 24/7 data sharing between patients and physicians. 24/7 data tracking and patient monitoring is acting as a major trend adding remunerative progress to this market in 2021.
Mobile continuous patient monitors market: Drivers and Restraints
Increasing chronic diseases and heart diseases lead to decreased productivity, and high health care costs. In many countries heart diseases is costly, also diabetes approximately accounts for 15% of the healthcare budgets. With the mobile continuous patient monitoring technology, devices should be used to reduce the cost of health sectors.
The Mobile continuous patient monitors enhance and evaluate by monitoring the patients by continuously assessing the signs and symptoms of disease and analyzing with self-management programs to further prevent the chronic diseases.
These devices are used at home and in hospitals which provide comfort to the patients and hospital staff. Any fluctuations in the device leads to the timely access to health information to the doctors. These factors are driving the Mobile continuous patient monitors market.
Mobile continuous patient monitors Market: Segmentation
Tentatively, the global Mobile continuous patient monitors market can be segmented on the basis of product type, indications, End Users and geography.
Based on types of product, the global Mobile continuous patient monitors Market is segmented as:
- Portable and Compact
- Floor Standing
Based on Indications, the global Mobile continuous patient monitors Market is segmented as:
- Blood Pressure
Based on end users, the global Mobile continuous patient monitors Market is segmented as:
- Intensive Care
- Ambulatory surgical centers
- Home care settings
Based on Region, the global Mobile continuous patient monitors Market is segmented as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan and China
- Middle East & Africa
Key data points covered in report
The report covers exhaustive analysis on:
- Mobile continuous patient monitors Market by types of product, indication type, End Users and region
- Regional level market analysis of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa by end user and country segments
- Mobile continuous patient monitors Market Dynamics & Opportunity Assessment
- Historical Actual Market Size, 2013 – 2017
- Mobile continuous patient monitors Market system market Size & Forecast 2018-2028
- Mobile continuous patient monitors Market Current Trends/Issues/Challenges
- Competition & Companies involved
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