Remote Patient Monitoring Market is estimated to be US$ 990.5 Billion by 2034 with a CAGR of 27.90% during the forecast period

Published Date: February 2024

Remote Patient Monitoring Market (RPM) is the category of telehealth that allows patients to use technology and mobile medical devices to collect health data and send it to healthcare professionals. Continuous surveillance monitors, blood pressure monitors, and glucose meters are some examples of Remote Patient Monitoring Market technology.

The growing geriatric population, coupled with the prevalence of chronic diseases, has become a significant factor in target market growth. Improved healthcare infrastructure with emerging technological advancements in medical devices will likely propel market growth. Change in lifestyle and growing economic status is expected to fruitful the demand for Remote Patient Monitoring Market growth over the forecast period.Remote Patient Monitoring Market was valued at US$ 84.7Billion in 2024 and is projected to grow at a CAGR of 27.90% to reach US$ 990.5 Billion by 2034.

The report Remote Patient Monitoring Market, By Product (Special Monitors, Vital Sign Monitors, Software, Services), By Application (Diabetes, Cardiovascular Disease, Cancer, Hypertension, and Others), By End-Users (Hospital-based Patients, Home Healthcare, Ambulatory Patients), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

  • In January 2023, Cadence and Ardent Health Services launched new RPM (Remote Patient Monitoring Market) program to Ardent’s patient care facilities across six states which will allow the patients to get remote care at their homes for chronic conditions.
  • In November 2022, LG launched Virtual Care Solution with Amwell to address the hospital workforce shortages. Newly launched ‘Carepoint TV Kit’ by LG and powered by Amwell ‘Converge platform’ helps in leveraging existing LG healthcare TVs in patient rooms which allows providers to remotely monitor, engage, and discharge patients by reducing load of healthcare professionals.

Analyst View:

Remote Patient Monitoring Market allows providers to manage chronic & acute conditions and cut down patients’ costs of traveling and infection risk. The emergence of the COVID-19 pandemic has forced healthcare providers to adopt telehealth & telemedicine solutions by accelerating the adoption of digital health platforms. Increase in acceptance and recognition of remote healthcare by stakeholders, rising expansion of internet & mobile connectivity is all positive steps towards rapidly adopting digital health platforms worldwide, fuelling the demand for Remote Patient Monitoring Market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Remote Patient Monitoring Market, By Product (Special Monitors, Vital Sign Monitors, Software, Services), By Application (Diabetes, Cardiovascular Disease, Cancer, Hypertension, and Others), By End-Users (Hospital-based Patients, Home Healthcare, Ambulatory Patients), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Remote Patient Monitoring Market was valued at US$ 84.7Billion in 2024 and is projected to grow at a CAGR of 27.90% to reach US$ 990.5 Billion by 2034.. The Remote Patient Monitoring Market is segmented based on Product, Application, End-Users and Region:

  • Based on Product, Remote Patient Monitoring Market is segmented into Special Monitors, Vital Sign Monitors, Software, Services.
  • Based on Application, Remote Patient Monitoring Market is segmented into Diabetes, Cardiovascular Disease, Cancer, Hypertension, and Others.
  • Based on End-Users, Remote Patient Monitoring Market is segmented into Hospital-based Patients, Home Healthcare, Ambulatory Patients.
  • By Region, the Remote Patient Monitoring Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Remote Patient Monitoring Market:

The prominent players operating in the Remote Patient Monitoring Market includes, Johnson & Johnson, Honeywell, Philips Healthcare, Biotronik, Roche, American Telecare, Covidien Plc., Bosch, Health anywhere Inc., Welch Allyn and others.

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