Patient Tracking Systems Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Integrated, Standalone), By Product (Real Time Locating Systems (RLTS), Event Driven Solutions), By Mode of the Delivery (Cloud based, Web based, On-premise), By Components (Software, Hardware, Services), By End User (Ambulatory Surgical Centers, Hospitals, Clinics), and Region  

Patient Tracking Systems Market Dynamics

As a result of recent innovations in the patient monitoring device business, consumer services have been redefined. Remote patient monitoring devices are now available to a wide range of end-users thanks to the usage of Internet of Things technologies in continuous glucose monitoring, temperature monitoring, blood pressure monitoring, and pulse oximetry. Fitbits, glucose monitors, wearable heart monitors, Bluetooth-enabled scales, skin patches, shoes, belts, and maternity care trackers are examples of remote patient monitoring equipment. Non-invasive gadgets like this capture, transmit, process, and store patient data so doctors can access it when they need it. In addition, the advancement of wearable devices has expanded the remote monitoring segment of the market, resulting in its expansion. Patient monitoring devices have offered several benefits to the healthcare industry, including reduced re-admissions, self-monitoring, less unnecessary doctor visits, improved diagnosis, quicker vitals monitoring, and more. Around 4 million people will be able to monitor their health conditions remotely by 2020, according to the Information Handling Services. Because a considerable section of the world's population suffers from heart disease and undergoes various surgical treatments, cardiac monitoring devices are in high demand all over the world. "Cardiovascular diseases (CVDs) are the leading cause of death worldwide, affecting an estimated 17.9 million people every year," according to the World Health Organization.