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About The Report
DOWNLOAD SAMPLE“The Remote Patient Monitoring Market Size By Component (Services and Devices & Software), Application (Cardiovascular Diseases, Respiratory Diseases, Diabetes, Musculoskeletal Diseases, and Others), End-User (Hospitals, Home Healthcare Settings, Ambulatory Care Settings, and Long-term Care Centers& Geographical Analysis, Growth, Insights, Forecast 2024–2029.”
MARKET INSIGHTS
The global remote patient monitoring market was valued at USD 39.54 billion in 2023 and is expected to reach USD 77.90 billion by 2029, growing at a CAGR of 11.96% during the forecast period. Robust growth characterizes the global RPM market, fueled by the rising incidence of chronic diseases and an aging demographic. With chronic diseases dominating healthcare expenditures, remote patient monitoring devices are poised to transform healthcare. As a component of home telehealth, RPM enables patients to use technology to collect and transmit health data, such as vital signs and blood pressure, to healthcare providers. This data transfer, facilitated by telehealth systems or mobile applications, aligns with the post-pandemic shift towards virtual and home-based care.
MARKET TRENDS & DRIVERS
AI-Driven Innovations in Remote Patient Monitoring
The remote patient monitoring market has experienced significant growth, with widespread use of devices for monitoring vital signs. Regulatory initiatives, including CMS's CPT codes and RTM expansion, have bolstered this trend. The pandemic spurred the integration of IoT devices, enhancing RPM capabilities. AIoT is improving healthcare outcomes through advanced data analytics and early detection. The evolution of wireless networks and the demand for user-friendly, less invasive monitoring solutions, such as the Argos monitor, are fueling the development of telehealth platforms. These innovations are driving increased clinical adoption of patient monitors.
Increased Application of Mobile Technologies and Smart Devices in RPM
The integration of mobile technologies and smart devices is revolutionizing RPM, creating a more patient-centric healthcare model. Smartphones and connected devices empower patients to monitor vital health metrics through user-friendly apps, enabling continuous at-home monitoring. Real-time data sharing facilitates timely clinical interventions, enhancing chronic disease management and minimizing the need for physical consultations, ultimately optimizing healthcare delivery.
INDUSTRY RESTRAINTS
Integrating RPM Devices with Existing Healthcare Systems
The integration of remote patient monitoring devices into healthcare systems, notably EHRs, is significantly challenged by the absence of uniform standards. The proliferation of RPM devices and platforms, each employing proprietary data formats and communication protocols, creates interoperability obstacles. This lack of standardization obstructs the effective exchange of data between RPM devices and EHR systems, thereby restricting healthcare providers from achieving a comprehensive understanding of patient health.
SEGMENTATION INSIGHTS
- By Component: The service segment leads the global remote patient monitoring market, capturing the largest share. This growth is driven by RPM services utilizing advanced telemetric technology, revolutionizing patient health data management. Remote sensors enable continuous monitoring of vital signs, allowing healthcare providers to track patients remotely. Real-time alerts for unusual changes facilitate timely interventions, ensuring optimal patient care and potentially improving outcomes.
- By Application: The musculoskeletal diseases segment is the fastest-growing application in the global remote patient monitoring market. This growth is driven by the global rise in musculoskeletal disorders, which include a wide range of joint, muscle, and bone conditions. Factors such as an aging population, sedentary lifestyles, and obesity contribute to this increase. These disorders, major causes of disability, limit mobility and quality of life. Common conditions like osteoarthritis and lower back pain are expected to become more prevalent.
- By End-User: Hospitals hold the largest global remote patient monitoring market share, particularly dominating cardiac monitoring. As primary points of contact for cardiovascular patients, hospitals offer advanced technology and 24-hour monitoring by specialized staff. The high staff-to-patient ratio ensures continuous and intensive care, reinforcing hospital dominance in this segment.
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GEOGRAPHICAL ANALYSIS
North America leads the global remote patient monitoring market, driven by key competitor presence and strategic growth initiatives. Increased healthcare spending and a focus on preventative care bolster this market. The rise in cardiac diseases and e-health adoption in rural areas further strengthen RPM dominance. Government telehealth expansion and the presence of large firms also contribute. The North American RPM market is set for continued growth due to chronic disease prevalence, an aging population, and demand for home monitoring.
COMPETITIVE LANDSCAPE
This report provides exclusive data on 49 vendors in the highly competitive global remote patient monitoring market, which includes both established and regional players. Key competitors include Medtronic, ResMed, and Philips. The subscription-based model is prevalent, enabling clinicians to access RPM equipment and platforms. Companies are focused on cost reduction, improved patient outcomes, and reduced readmissions through RPM, home health, and telehealth. Strategic collaborations, such as Dexcom's partnership with Alphabet and Medtronic's COVID-19 monitoring solution, are crucial for market expansion.
Client Oriented Solutions
Arizton provides in-depth market insights and intelligence across various sectors, including Automotive & Mobility, Data Centers, Consumer Goods, and Healthcare & Lifesciences.
Analytical Approach
Arizton focuses on providing information related to key issues facing the industry, Existing market landscape, regulatory concerns, risk & opportunities, technology evolution, future commercial potential.
Comprehensive Data Repository
The reports provide historical and forecast data for 20+ key countries worldwide. We track product approvals/launches, M&A activities, and collaboration/partnership activities.
Publication Analysis
Arizton delivers timely industry updates and customized insights by analyzing peer-reviewed research and business publications.
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Summary
SEGMENTATION & FORECAST
- By Component
- Services
- Devices & Software
- By Application
- Cardiovascular Diseases
- Respiratory Diseases
- Diabetes
- Musculoskeletal Diseases
- Others
- By End-User
- Hospitals
- Home Healthcare Settings
- Ambulatory Care Settings
- Long-term Care Centers
By Geography
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- APAC
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- Saudi Arabia
VENDORS LIST
Key Vendors
- Medtronic
- Business Overview
- Service Offerings
- Philips Healthcare
- ResMed
- AMD Global Telemedicine
- GE HealthCare
- Teladoc Health
- Vivify Health
Other Prominent Vendors
- Resideo Technologies
- Honeywell International
- LST (LifeScience Technologies)
- Coforge
- Withings
- MedM
- iHealth Unified Care
- Qardio
- 100 Plus
- A&D Company
- Abbott
- AltumView Systems
- Biotronik
- Boston Scientific
- Baxter International
- Cardiomo Care
- Cardiologs
- Dragerwerk AG
- F. Hoffmann-La Roche
- GrandCare Systems
- Masimo Corporation
- Modivcare
- Huma
- Nihon Kohden
- OMRON Healthcare
- OSPLabs
- Smiths Medical
- Spacelabs Healthcare
- Senseonics
- TeleMedCare
- VitalConnect
- Vitls
- Hillrom
- ACL Digital
- Dexcom
- iRhythm Technologies
- Vivalink
- Biobeat
- Bioformis
- CAREMINDr
- CareValidate
- Datos Health
Table Of Contents
- Executive Summary
- Key Findings
- GLOBAL: Projected Revenue of Remote Patient Monitoring Market (2020-2029; $Billions)
GLOBAL: Projected Revenue by Component (2020-2029; $Billions)
- Services
- Devices & Software
GLOBAL: Projected Revenue by Application (2020-2029; $Billions)
- Cardiovascular Diseases
- Respiratory Diseases
- Diabetes
- Musculoskeletal Diseases
- Others
GLOBAL: Projected Revenue by End-User (2020-2029; $Billions)
- Hospitals
- Home Healthcare Settings
- Ambulatory Care Settings
- Long-term Care Centers
- North America: Projected Revenue of Remote Patient Monitoring Market (2020-2029; $Billions)
- Projected Revenue of Remote Patient Monitoring Market in US
- Projected Revenue of Remote Patient Monitoring Market in Canada
- Europe: Projected Revenue of Remote Patient Monitoring Market (2020-2029; $Billions)
- Projected Revenue of Remote Patient Monitoring Market in Germany
- Projected Revenue of Remote Patient Monitoring Market in France
- Projected Revenue of Remote Patient Monitoring Market in UK
- Projected Revenue of Remote Patient Monitoring Market in Italy
- Projected Revenue of Remote Patient Monitoring Market in Spain
- APAC: Projected Revenue of Remote Patient Monitoring Market (2020-2029; $Billions)
- Projected Revenue of Remote Patient Monitoring Market in Japan
- Projected Revenue of Remote Patient Monitoring Market in China
- Projected Revenue of Remote Patient Monitoring Market in India
- Projected Revenue of Remote Patient Monitoring Market in South Korea
- Projected Revenue of Remote Patient Monitoring Market in Australia
- Latin America: Projected Revenue of Remote Patient Monitoring Market (2020-2029; $Billions)
- Projected Revenue of Remote Patient Monitoring Market in Brazil
- Projected Revenue of Remote Patient Monitoring Market in Mexico
- Projected Revenue of Remote Patient Monitoring Market in Argentina
- Middle East & Africa: Projected Revenue of Remote Patient Monitoring Market (2020-2029; $Billions)
- Projected Revenue of Remote Patient Monitoring Market in Turkey
- Projected Revenue of Remote Patient Monitoring Market in Saudi Arabia
- Projected Revenue of Remote Patient Monitoring Market in South Africa
- Remote Patient Monitoring Market Opportunities & Trends
- Remote Patient Monitoring Market Drivers
- Remote Patient Monitoring Market Constraints
- Remote Patient Monitoring Market - Competitive Landscape
- Remote Patient Monitoring Market – Key Vendor Profiles
- Remote Patient Monitoring Market – Other Prominent Vendors
- Remote Patient Monitoring Market - Key Strategic Recommendations
- Research Methodology
- Abbreviations
- About Arizton
- Table 1: Projected Revenues of Global Remote Patient Monitoring Market (2020–2029; $ BN)
- Table 2: Global Remote Patient Monitoring Market by Component (2020–2029; %)
- Table 3: Global Remote Patient Monitoring Market by Component (2020–2029; $ BN)
- Table 4: Global Remote Patient Monitoring Market by Application (2020–2029; %)
- Table 5: Global Remote Patient Monitoring Market by Application (2020–2029; $ BN)
- Table 6: Global Remote Patient Monitoring Market by End-User (2020–2029; %)
- Table 7: Global Remote Patient Monitoring Market by End-User (2020–2029; $ BN)
- Table 8: Global Remote Patient Monitoring Market by Geography (2020–2029; %)
- Table 9: Global Remote Patient Monitoring Market by Geography (2020–2029; $ BN)
- Exhibit 1: Projected Revenues of Global Remote Patient Monitoring Market (2020–2029; $ BN)
- Exhibit 2: Market Size & Forecast – Services (2020–2029; $ BN)
- Exhibit 3: Market Size & Forecast –Devices & Software (2020–2029; $ BN)
- Exhibit 4: Market Size & Forecast – Cardiovascular Diseases (2020–2029; $ BN)
- Exhibit 5: Market Size & Forecast – Respiratory Diseases (2020–2029; $ BN)
- Exhibit 6: Market Size & Forecast – Diabetes (2020–2029; $ BN)
- Exhibit 7: Market Size & Forecast – Musculoskeletal Diseases (2020–2029; $ BN)
- Exhibit 8: Market Size & Forecast – Others (2020–2029; $ BN)
- Exhibit 9: Market Size & Forecast – Hospitals (2020–2029; $ BN)
- Exhibit 10: Market Size & Forecast – Home Healthcare Settings (2020–2029; $ BN)
- Exhibit 11: Market Size & Forecast – Ambulatory Care Settings (2020–2029; $ BN)
- Exhibit 12: Market Size & Forecast – Long-Term Care Centers (2020–2029; $ BN)
- Exhibit 13: Projected Revenues of Remote Patient Monitoring in North America (2020–2029; $ BN)
- Exhibit 14: Projected Revenues of Remote Patient Monitoring in the US (2020–2029; $ BN)
- Exhibit 15: Projected Revenues of Remote Patient Monitoring in Canada (2020–2029; $ BN)
- Exhibit 16: Projected Revenues of Remote Patient Monitoring in Europe (2020–2029; $ BN)
- Exhibit 17: Projected Revenues of Remote Patient Monitoring in Germany (2020–2029; $ BN)
- Exhibit 18: Projected Revenues of Remote Patient Monitoring in France (2020–2029; $ BN)
- Exhibit 19: Projected Revenues of Remote Patient Monitoring in the UK (2020–2029; $ BN)
- Exhibit 20: Projected Revenues of Remote Patient Monitoring in Italy (2020–2029; $ BN)
- Exhibit 21: Projected Revenues of Remote Patient Monitoring in Spain (2020–2029; $ BN)
- Exhibit 22: Projected Revenues of Remote Patient Monitoring in APAC (2020–2029; $ BN)
- Exhibit 23: Projected Revenues of Remote Patient Monitoring in Japan (2020–2029; $ BN)
- Exhibit 24: Projected Revenues of Remote Patient Monitoring in China (2020–2029; $ BN)
- Exhibit 25: Projected Revenues of Remote Patient Monitoring in India (2020–2029; $ BN)
- Exhibit 26: Projected Revenues of Remote Patient Monitoring in South Korea (2020–2029; $ BN)
- Exhibit 27: Projected Revenues of Remote Patient Monitoring in Australia (2020–2029; $ BN)
- Exhibit 28: Projected Revenues of Remote Patient Monitoring in Latin America (2020–2029; $ BN)
- Exhibit 29: Projected Revenues of Remote Patient Monitoring in Brazil (2020–2029; $ BN)
- Exhibit 30: Projected Revenues of Remote Patient Monitoring in Mexico (2020–2029; $ BN)
- Exhibit 31: Projected Revenues of Remote Patient Monitoring in Argentina (2020–2029; $ BN)
- Exhibit 32: Projected Revenues of Remote Patient Monitoring in the MEA (2020–2029; $ BN)
- Exhibit 33: Projected Revenues of Remote Patient Monitoring in Turkey (2020–2029; $ BN)
- Exhibit 34: Projected Revenues of Remote Patient Monitoring in Saudi Arabia (2020–2029; $ BN)
- Exhibit 35: Projected Revenues of Remote Patient Monitoring in South Africa (2020–2029; $ BN)
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