Remote Patient Monitoring (RPM), a technology used to collect patients medical and health information from health monitoring and diagnostic devices at one location and transfer it to the physician or doctor at another location. Remote patient monitoring (RPM) remotely monitors and analyzes physiological parameters such as heart rate, pulse rate, blood pressure, blood oxygen levels, blood sugar, vital signs. Due to which, it helps to reduce the patient hospitalization time and reduces hospital visits. This further improves patient’s care and quality of life.
Koninklijke Philips N.V. and Medtronic – Notable Market Players in Remote Patient Monitoring Market
The remote patient monitoring market majorly consists of the players such as Koninklijke Philips N.V., NIHON KOHDEN CORPORATION, Medtronic, General Electric, Cerner Corporation, Siemens Healthineers AG, Boston Scientific Corporation, Omron Healthcare, Abbott, and VitalConnect among others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have adopted several inorganic and organic strategies to accelerate their growth and improve their market position.
Below is the list of the growth strategies done by the players operating in the remote patient monitoring market:
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Year |
News |
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February, 2021 |
BioTelemetry, Inc., a leading provider of remote cardiac diagnostics and monitoring in the United States, was acquired by Philips. As of February 9, 2021, BioTelemetry’s financial results will be consolidated as part of Philips’ Connected Care business segment. |
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November, 2020 |
VitalConnect, a leader in remote and in-hospital wearable biosensor technology, announced today that its VitalPatch RTM cardiac monitoring solution is now available for patients who need extended Holter monitoring. |
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June, 2020 |
Philips launched the Avalon CL Fetal and Maternal Pod and Patch in the US, Europe, Australia, New Zealand, and Singapore for remote monitoring. |
