What is Remote Patient Monitoring Device?
Remote Patient Monitoring Devices (RPM) are collections of equipment designed for continuous monitoring of patients' vital signs, utilizing warning systems to detect and record changes in their well-being. These devices use digital technology to collect and transfer patient health data electronically, supporting healthcare professionals in assessing, diagnosing, and treating health conditions.
Market Outlook:
The Japan Patient Care Monitoring Equipment Market size is estimated at US $2.06 billion in 2024, and is expected to reach US $2.93 billion by 2029.
This growth corresponds to a CAGR of 7.26% during the forecast period (2024-2029).
Key Segments and Applications:
The market is segmented by device type, including hemodynamic, neuromonitoring, cardiac monitoring devices, and more. These devices find applications across various medical fields such as cardiology, neurology, and respiratory care, etc.
Driving factors:
- The COVID-19 pandemic has positively impacted market growth. It has led to an increased demand for wearable and patient monitoring devices due to their tracking and contactless communication capabilities.
- The rising geriatric population and the burden of chronic diseases. Due to the increased risk of chronic diseases among the aged population, which require proper monitoring and diagnosis, this market is expected to grow.
- The growing preference for home and remote monitoring devices. The Japanese government has shown interest in home monitoring devices to enhance outcomes and reduce the burden on the healthcare system. Initiatives and policies supporting the use of digital health solutions may further drive the adoption of these devices.
- Technological advancements such as wearable sensors, telemedicine platforms, and data analytics have enhanced the ability of these devices to provide accurate and timely health data to medical professionals.
Grab the chance:
- Remote Patient Monitoring Devices are expected to show a significant growth rate
The increasing prevalence of chronic diseases such as cardiovascular disease, diabetes, hypertension, respiratory diseases, and neurological diseases has initiated the need for RPM devices (e.g. oximetry and blood pressure monitoring devices) to track users' important indicators.
- Cardiology segment is expected to hold a significant market share
The cardiovascular diseases include heart attack, stroke, cardiac arrhythmia, etc. A high burden of cardiovascular diseases in the country is likely to boost the usage of patient care monitoring equipment for the proper treatment and prevention of the condition, thereby propelling the growth of this segment.
Conclusion
The demand for remote patient monitoring devices in Japan is on an upward trend, driven by an aging population, technological advancements, and a shift towards home-based care. As the market continues to grow, opportunities for medical device manufacturers and regulatory consultants are expanding. However, Japan's regulatory landscape for medical devices is intricate since it is strictly shaped by PMD Act. To effectively bring your RMP devices to the Japanese market, partnering with a local expert, like Qualtech, is essential. Our expertise will navigate approvals and ensure compliance, facilitating successful market penetration.
Contact Qualtech now! We are at your disposal for any further assistance.