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 2034

Report Code: PMI512723 | Publish Date: February 2024 | No. of Pages: 170

Remote Patient Monitoring Market Overview

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.Remote Patient Monitoring Market (RPM) system is a type of patient monitoring system where it uses advanced technologies to interact with patients from any distance and location. Blood pressure monitors, pulse oximeters, weight scales, and blood glucose meters are some examples of RPM devices used to monitor patients.

Advancements in telecommunication technology have had a positive impact on market growth. The growing prevalence of diseases and the geriatric population have further powered the market growth. The cost benefits of the remote patient monitoring in reducing the burden on medical resources have provided lucrative opportunities for Remote Patient Monitoring Market growth

Remote Patient Monitoring Market Dynamics

Growing Prevalence of Chronic Diseases to fuel market growth

The growing prevalence of chronic diseases such as diabetes and heart disease has become a leading factor in the Remote Patient Monitoring Market growth. The benefits of RPM in improving patients' health care have driven the market growth. Remote Patient Monitoring Market technologies are digital health platforms enabling patients to determine outside of typical clinical visits in their home or their community. For example, patients with hypertension who monitored blood pressure at their homes and shared their readings with healthcare providers have achieved significantly better blood pressure control. Meta-analyses have found that monitoring blood glucose at home and sharing their task with healthcare providers has improved glycemic control substantially. According to CDC (Centers for Disease Control and Prevention), around 6 in 10 adults in the United States have chronic diseases, and 4 in 10 adults have two or more chronic conditions. Further, around $4.1 trillion of the nation's cost is spent on Annual Health Care for chronic diseases, which have become a leading cause of death and disability. 

Furthermore, according to the CDC (Centers for Disease Control and Prevention), in the United States, around 697,000 people died from heart disease, and approximately 20.1 million adults aged 20 and older are suffering from coronary artery disease (CAD), which in turn supports the growth of Remote Patient Monitoring Market growth. 

Growing Adoption of Digital Healthcare Technologies to Foster Market Growth

The rising adoption of digital healthcare technologies has significantly influenced the Remote Patient Monitoring Market growth. Spurred COVID-19 pandemic, increasing internet use, smartphones, rapid digitalization, and government initiatives have given rise to digital healthcare technologies. Telemedicine allows a school nurse remote access to specialist medical opinion. Correctional Facilities cater to the healthcare needs of the inmates without the expense and dangers of inmate transportation or the need for a specialist doctor to enter. Mobile Health Clinics provide quick access to a remote physician or medical specialist. Various cutting-edge technologies like telehealth & telemedicine, digital tools, AI (artificial intelligence), electronic medical records, videoconferencing, the Internet, Store-and-Forward Imaging, Streaming Media, and Terrestrial and Wireless Communications have transformed the healthcare sector drastically, which, in turn, is likely to propel Remote Patient Monitoring Market growth over the forecast period. 

Restrains:

Remote Patient Monitoring Market requires broadband internet access, new practice software, and data reliability, which may be affected by improper use. Video consulting technologies may not be available for low-income families and isolated rural areas. Some people, particularly older people, are less comfortable with information technology and have hearing impairments with limited English. However, connectivity issues in isolated and rural areas and troubleshoot issues restrain the Remote Patient Monitoring market growth.

Remote Patient Monitoring Market Segmentation

Remote Patient Monitoring Market - segmentation

Remote Patient Monitoring Market is segmented based on Product, Application, End-Users and Region.

Product Insight

On the basis of Product, Remote Patient Monitoring Market is segmented into Special Monitors, Vital Sign Monitors, Software, Services. Special Monitors product segment is expected to dominate the target market growth owing to its ability to identify early symptoms of diseases and to monitor pre and post-surgery data in patients. Cardiac rhythm monitors a sub-segment of special monitors are in demand due to growing prevalence of cardiac diseases. 

Application Insights

On the basis of Application, Remote Patient Monitoring Market is segmented into Diabetes, Cardiovascular Disease, Cancer, Hypertension, and Others. Diabetes application segment is expected to dominate the target market growth as it has become a leading cause of death and requires continuous monitoring of levels of blood glucose in patients.

For instance, according to CDC (Centers for Disease Control and Prevention), in United States around 37.3 million people have diabetes and around 26.4 million people aged over 65 years and older has pre-diabetes.

End-Users Insights

On the basis of End-Users, Remote Patient Monitoring Market is segmented into Hospital-based Patients, Home Healthcare, Ambulatory Patients. Hospital-based Patients end-user segment is expected to dominate the target market growth as it provides all medical facilities under one roof with presence of skilled professionals. Large number of patient admissions has boost the segment growth.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Remote Patient Monitoring Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, Moreover, rising prevalence of chronic disease, well developed & robust healthcare and research infrastructure, increase in geriatric population, advanced technological development, rising adoption of digital healthcare technologies and government initiative is anticipated to increase demand for Remote Patient Monitoring market in the region.

The Europe market is estimated to witness a significantly fastest revenue share over the forecast period owing to growing demand for low-cost treatment and rising mortality rates of patients. Further, demand for in-house monitoring of patients and benefits of RPM has boost the Remote Patient Monitoring market growth in the region.

Report Scope:

Attribute            

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Remote Patient Monitoring Market report based on Product, Application, End-Users and Region:

Remote Patient Monitoring Market, By Product:

  • Special Monitors
  • Blood Glucose Monitors
  • Anesthesia Monitors
  • Cardiac Rhythm Monitors
  • Fetal Heart Monitors
  • Respiratory Monitors
  • Spirometers
  • Capnographs
  • Multi-Parameter Monitors (MPM)
  • Prothrombin Monitors
  • Fetal Heart Monitors
  • Others
  • Vital Sign Monitors
  • Pulse Oximeters
  • Brain Monitoring (EEG)
  • Blood Pressure Monitors
  • Respiratory Rate Monitor
  • Temperature Monitor
  • Heart Rate Monitor (EEG)
  • Pulse Oximeters
  • Software
  • Services

Remote Patient Monitoring Market, By Application:

  • Diabetes
  • Cardiovascular Disease
  • Cancer
  • Hypertension
  • Infections
  • Sinus Infections
  • Eye Infections
  • Strep Throat
  • Sleep Disorder
  • Bronchitis
  • Weight Management & Fitness Monitoring
  • Dehydration

Remote Patient Monitoring Market, By End-Users:

  • Hospital-based Patients
  • Home Healthcare
  • Ambulatory Patients

Remote Patient Monitoring Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Remote Patient Monitoring Market Key Players

The key players operating 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.

Remote Patient Monitoring Market Company Profile

  • Johnson & Johnson*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell
  • Philips Healthcare
  • Biotronik
  • Roche
  • American Telecare
  • Covidien Plc.
  • Bosch
  • Health anywhere Inc.
  • Welch Allyn

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

  • In May 2023, Milestones Systems launched new Remote Patient Monitoring Market technology which help in assisting healthcare workers and also help in improving patient care. The new launched ‘Xprotect Hospital Assist’ is a video solution which allows medical staff to observe multiple number of patients remotely at once with quick response.
  • In April 2023, Cadence announced its partnership with Providence with launch of Remote Patient Monitoring Market program and responsive virtual care program across the Providence’s clinics. This partnership will provide advanced quality care to patients at home with powerful technology.
  • In February 2023, Sentara RMH launched new ten Remote Patient Monitoring Market system which are placed in patient rooms featured with camera and two way audio. The new launched devices is deemed to be self-alarm and allows the technicians to talk directly with patients when needed.
  • In January 2022, Clear Arch Health has announced the acquisition of Life Care Solutions to expand RPM (remote patient monitoring) market share. With this acquisition, Clear Arch Health will take a big step for solidifying its role in remote patient monitoring market by leveraging ‘Life Care Solutions’ deep experience, extensive customer base, validated LifeStream RPM software platforms.

Remote Patient Monitoring Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Remote Patient Monitoring Market, By Product
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Special Monitors
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Vital Sign Monitors
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Software
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Services
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Remote Patient Monitoring Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Diabetes
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Cardiovascular Disease
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Cancer
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Hypertension
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Remote Patient Monitoring Market, By End-Users, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Hospital-based Patients
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Home Healthcare
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Ambulatory Patients
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Remote Patient Monitoring Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

 

        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Product, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Johnson & Johnson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Philips Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biotronik
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Roche
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • American Telecare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Covidien Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bosch
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Health anywhere Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Welch Allyn
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Remote Patient Monitoring Market is segmented into Product, Application, End-Users and Region.

Remote Patient Monitoring Market is driven by factors like growing prevalence of chronic diseases and growing adoption of digital healthcare technologies.

By region, the Remote Patient Monitoring Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating 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.

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.