Online Patient Observation Market - Global Analysis, Industry Trends and Forecast, 2014 – 2020

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Online Patient Observation Market”. This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Recent advances in technology have resulted into a new healthcare interventional approach and demand for lowering of the overall cost of treatment. This has led to the development of online patient monitoring devices. In online patient monitoring patient are continuously observed and analyzed without being hospitalized. This technique is alternatively known as remote patient monitoring or mobile patient monitoring as well. Healthcare industry across the globe is undergoing great reforms as online patient monitoring devices are dramatically changing the techniques and approach for medical practitioners to track their patients’ wellness and managing chronic conditions. As of October 2012, with the implementation of Medicare Readmission Reduction Program, hospitals may be penalized in United States with high readmission rate and this factor is serving as a considerable driver for online patient monitoring devices and services.

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Government regulation under Affordable Care Act (ACA) and the Centers for Medicare and Medicaid (CMS) which has led to industry wise paradigm shift to perform all medical and surgical procedures within a stipulated budget and that too with best outcomes. In past few years mobile patient monitoring devices along with other online patient monitoring equipments have seen a tremendous acceptance especially in developed economic countries with respect to monitoring and managing chronic conditions such as blood pressure, pulse oximeter, weight checks and glucose levels among others. Some of the novel devices not only monitors...