South America Remote Patient Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Software, Devices, and Services) and End User (Providers, Payers, Patients, and Others)
Market Introduction
South America includes Argentina, Brazil and Rest of South America. Brazil is expected to witness significant growth during the forecast period. Brazil is among the fastest growing economies in South America. The urban area of Brazil has well-developed healthcare facilities, which is majorly offered by the private sector. Therefore, it is estimated that the private sector has adopted the automated dispensing machines in their facility centers. Technological advancements, government initiatives for the integration of artificial intelligence in healthcare facilities, and growing geriatric population, incidents of medication errors, number of patent approvals for such machines and prevalence of chronic diseases are the key market growth drivers. Brazil is among the countries which is developing rapidly in terms of offering medical services, the country has large patient flow owing to the medical tourism. The government initiatives for improving healthcare system in the country has led to increase in the Brazil’s IoT in Healthcare market. Some of such initiatives include Brazilian National Telehealth Network Program and Telemedicine University Network Brazil is the broad territory with thousands of isolated, the unequal distribution of medical devices, among other aspects that put the right to universal, comprehensive and equitable healthcare services at risk that provides huge potential for the expansion of telemedicine and remote patient monitoring in the country.
The South America region includes countries like Brazil and Argentina with rest of South American countries such as Chile, Colombia and Peru these countries have registered many positive coronavirus infection cases. These regions are developing in terms of the healthcare and medical service industry. The countries in these regions are highly dependent on medical devices and pharmaceutical products imported from developed countries. Therefore, countries have faced several challenges with their requirements for patient monitoring devices due to severe disruption in supply chains. The COVID-19 treatment and health monitoring procedures have been developed and are efficiently used to reduce the death rate due to COVID-19. The respiratory and cardiac monitoring remote devices is readily available on online retail platforms such as the online pharmacy and other online retail outlets. The governments in the world are upgrading patient monitoring systems to tackle the challenges during COVID-19 patients. Thus, availability and use of advanced patient monitoring devices in the developing countries and regions are expected to have a positive impact on the markets in rest of the world countries.
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Market Overview and Dynamics
The remote patient monitoring market in South America is expected to grow from US$ 1,217.71 million in 2021 to US$ 7,085.71 million by 2028; it is estimated to grow at a CAGR of 28.6% from 2021 to 2028. Various developing and under-developed countries still do not have access to healthcare facilities. The patients from these places must travel a long way to get their routine checkups done from healthcare professionals. Remote patient monitoring and IoT enabled healthcare devices can help these patients to communicate as well as get diagnosed and monitored with the healthcare professionals from their homes, thus saving the time and cost involved in travelling. The expansion of IoT and connected healthcare services in such locations can be a prospective taken into consideration by the major companies operating in the remote patient monitoring devices in healthcare market. Thus development of healthcare facilities in remote locations is expected to drive the market in the coming years.
Key Market Segments
In terms of type, the devices segment accounted for the largest share of the South America remote patient monitoring market in 2021. In term of end user, provider segment held a larger market share of the remote patient monitoring market in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the remote patient monitoring market in South America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Koninklijke Philips N.V.; Nihon Kohden Corporation; Medtronic; General Electric; Siemens Healthineers AG; Boston Scientific Corporation; Omron Healthcare; and Abbott among others.
Reasons to buy report
- To understand the South America remote patient monitoring market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for South America remote patient monitoring market
- Efficiently plan M&A and partnership deals in South America remote patient monitoring market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America remote patient monitoring market
- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
South America Remote Patient Monitoring Market Segmentation
South America Remote Patient Monitoring Market – By Type
- Software
- Cloud
- On-Premise
- Devices
- Cardiac Monitoring Devices
- Neurological Monitoring Devices
- Respiratory Monitoring Devices
- Multiparameter Monitoring Devices
- Blood Glucose Monitoring Devices
- Fetal and Neonatal Monitoring Devices
- Weight Monitoring Devices
- Other Monitoring Devices
- Services
South America Remote Patient Monitoring Market – By End User
- Providers
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
- Others
- Payers
- Patients
- Others
South America Remote patient monitoring market – By Country
- Brazil
- Argentina
- Rest of South America
South America Remote patient monitoring market – Companies Mentioned
- Medtronic
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Abbott
- OMRON Corporation
- Siemens Healthineers AG
- Nihon Kohden Corporation
- General Electric Company
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Remote Patient Monitoring Market – By Type
1.3.2 South America Remote Patient Monitoring Market – By End User
1.3.3 South America Remote Patient Monitoring Market – By Country
2. South America Remote Patient Monitoring Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Remote Patient Monitoring Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. South America Remote Patient Monitoring Market – Key Market Dynamics
5.1 Drivers
5.1.1 Increasing Awareness Regarding Healthcare
5.1.2 Fostering Demand for Home-Based Treatments
5.2 Restraints
5.2.1 Security and Privacy Cases
5.2.2 Unaddressed Regulatory Topics
5.3 Opportunity
5.3.1 Development of Healthcare Facilities in Remote Locations
5.4 Future Trend
5.4.1 Broadening Remote Monitoring to Replace Patients’ Routine Visits
5.5 Impact Analysis
6. South America Remote Patient Monitoring – Market Analysis
6.1 South America Remote Patient Monitoring Market Revenue Forecast and Analysis
7. South America Remote Patient Monitoring Market Analysis – By Type
7.1 Overview
7.2 South America Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Cloud Software
7.3.2.1.1 Overview
7.3.2.1.2 Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 On-Premise Software
7.3.2.2.1 Overview
7.3.2.2.2 On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Devices
7.4.1 Overview
7.4.2 Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Cardiac Monitoring Devices
7.4.2.1.1 Overview
7.4.2.1.2 Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Neurological Monitoring Devices
7.4.2.2.1 Overview
7.4.2.2.2 Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.3 Respiratory Monitoring Devices
7.4.2.3.1 Overview
7.4.2.3.2 Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.4 Multiparameter Monitoring Devices
7.4.2.4.1 Overview
7.4.2.4.2 Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.5 Blood Glucose Monitoring Devices
7.4.2.5.1 Overview
7.4.2.5.2 Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.6 Fetal and Neonatal Monitoring Devices
7.4.2.6.1 Overview
7.4.2.6.2 Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.7 Weight Monitoring Devices
7.4.2.7.1 Overview
7.4.2.7.2 Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.8 Other Monitoring Devices
7.4.2.8.1 Overview
7.4.2.8.2 Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
8. South America Remote Patient Monitoring Market – By End User
8.1 Overview
8.2 Remote Patient Monitoring Market, by End User (2021 and 2028) (%)
8.3 Providers
8.3.1 Overview
8.3.2 Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.1 Hospitals
8.3.2.1.1 Overview
8.3.2.1.2 Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.2 Home Care Settings
8.3.2.2.1 Overview
8.3.2.2.2 Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.3 Ambulatory Care Centers
8.3.2.3.1 Overview
8.3.2.3.2 Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.4 Others
8.3.2.4.1 Overview
8.3.2.4.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Payers
8.4.1 Overview
8.4.2 Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Patients
8.5.1 Overview
8.5.2 Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Remote Patient Monitoring Market – Country Analysis
9.1 Overview
9.1.1 South America: Remote Patient Monitoring Market, by Country, 2021 & 2028 (%)
9.1.1.1 Brazil
9.1.1.1.1 Brazil: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.1.2 Brazil: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Million)
9.1.1.1.2.1 Brazil: Remote Patient Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.1.1.2.2 Brazil: Remote Patient Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.1.1.3 Brazil: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)
9.1.1.1.3.1 Brazil: Remote Patient Monitoring Market, by Provider, 2019–2028 (USD Million)
9.1.1.2 Argentina
9.1.1.2.1 Argentina: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.2.2 Argentina: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Million)
9.1.1.2.2.1 Argentina: Remote Patient Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.1.2.2.2 Argentina: Remote Patient Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.1.2.3 Argentina: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)
9.1.1.2.3.1 Argentina: Remote Patient Monitoring Market, by Provider, 2019–2028 (USD Million)
9.1.1.3 Rest of South America
9.1.1.3.1 Rest of South America: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.2 Rest of South America: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Million)
9.1.1.3.2.1 Rest of South America: Remote Patient Monitoring Market, by Software, 2019–2028 (USD Million)
9.1.1.3.2.2 Rest of South America: Remote Patient Monitoring Market, by Devices, 2019–2028 (USD Million)
9.1.1.3.3 Rest of South America: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)
9.1.1.3.3.1 Rest of South America: Remote Patient Monitoring Market, by Provider, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on South America Remote Patient Monitoring Market
10.1 Impact Assessment of COVID-19 Pandemic
11. Remote Patient Monitoring Market– Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Medtronic
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Koninklijke Philips N.V.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Boston Scientific Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Abbott
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 OMRON Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Siemens Healthineers AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Nihon Kohden Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 General Electric Company
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Brazil Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. Brazil Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. Brazil Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 8. Argentina Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 9. Argentina Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Argentina Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of South America Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of South America Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of South America Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of South America Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of South America Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)
Table 16. Organic Developments Done By Companies
Table 17. Inorganic Developments Done By Companies
Table 18. Glossary of Terms, Remote Patient Monitoring Market
LIST OF FIGURES
Figure 1. South America Remote Patient Monitoring Market Segmentation
Figure 2. South America Remote Patient Monitoring Market Segmentation, By Country
Figure 3. South America Remote Patient Monitoring Market Overview
Figure 4. Devices Segment Held Largest Share of Remote Patient Monitoring Market, By Type
Figure 5. Brazil to Show Significant Growth During Forecast Period
Figure 6. South America Remote Patient Monitoring Market, Industry Landscape
Figure 7. South America PEST Analysis
Figure 8. South America Remote Patient Monitoring Market Impact Analysis of Driver and Restraints
Figure 9. South America Remote Patient Monitoring Market – Revenue Forecast and Analysis – 2021 - 2028
Figure 10. South America Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)
Figure 11. Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Remote Patient Monitoring Market, by End User (2021 and 2028) (%)
Figure 25. Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. South America: Remote Patient Monitoring Market, by Key Country – Revenue (2021) (USD Million)
Figure 34. South America: Remote Patient Monitoring Market, by Country, 2021 & 2028 (%)
Figure 35. Brazil: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Argentina: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Rest of South America: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)
Figure 38. Impact Of COVID-19 Pandemic in South American Market
- Medtronic
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Abbott
- OMRON Corporation
- Siemens Healthineers AG
- Nihon Kohden Corporation
- General Electric Company
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America remote patient monitoring market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America remote patient monitoring market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the remote patient monitoring market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution