Remote Patient Monitoring Market Size, Share, 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- Trends, Analysis and Forecast till 2034

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

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 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:

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.

Remote Patient Monitoring Market Report Scope:

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

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.

• In May 2023, Telemedicine and remote patient monitoring are transforming healthcare. New approaches are extending the reach of services to those in rural or remote areas and improving continuing care to those with chronical illnesses.
• In July 2023, Use of latest technological advancements providing non-invasive heart monitoring to patients with chronic heart failure. Modern technological advances have accelerated the advancement of technology and services in the healthcare sector. Remote patient monitoring is a recent development in this area that has several advantages as the world’s population grows and health problems become more prevalent.
• In June 2021, Remote Monitoring - Redefining the doctor-patient relationship. Remote care technology has enhanced existing treatments by facilitating greater communication and delivery of care to patients. Significant breakthroughs in the acquisition of data, research, and treatments have given medical providers and doctors more effective tools and additional ways.

• 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.