New Report on European Market for Remote Patient Monitoring Applications

Reportlinker.com announces that a new market research report is available in its catalogue: European Market for Remote Patient Monitoring Applications

Gaining Momentum but Uncertain Times Ahead This study examines and analyses the European Market for Remote Patient Monitoring Applications. The research service presents the market definition and its dynamics. It examines the market in terms of various factors that influence it and also discusses the competitive and the geographical trends prevailing in the market. A detailed revenue forecast is presented for the individual seven geographic markets considered in this study. The base year for this study is 2011, with the forecast running until 2016. The study also provides three major predictions that are likely to shape up the market and these predictions might help the industry participants make informed decisions.Executive Summary • Chronic disease management has been the focus of many recent health and home care innovations, offering a significant opportunity to retain independence, avert health complications, and reduce expenditures.

• Remote Patient Monitoring (RPM) technologies have enabled or supported many of these innovations.
• The RPM applications market in Europe in 2011 was worth $Xmillion.
• About X per cent of this amount was contributed by the telehealth applications as these are usually developed by the original equipment manufacturers (OEM) and limited third-party developers.
• The RPM applications market is estimated to grow at a rate of Xper cent between 2012 and 2016.
• The market is mainly driven by the increasing adoption of these technologies in order to reduce public expenditure on healthcare.
• The current economic scenario prevailing in Europe negatively affects the rapid adoption of technology.
• The struggling economies, such as that of Spain, are now adopting austerity measures to save the economy, which is expected to affect the healthcare market to a large extent.
• Many global companies have set a strong foothold in the European market for RPM technologies.
• There is an increased focus on countries, such as the United Kingdom and Germany due to the growth momentum in their economies, as well as the government's encouragement for these healthcare IT devices and solutions.