Remote Patient Monitoring Market 2022-2027 Size, Share, Growth, Trends and Forecast

According to IMARC Group's latest report, titled "Remote Patient Monitoring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global remote patient monitoring market reached a value of US$ 1.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2027, exhibiting at a CAGR of 16.1% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Remote patient monitoring (RPM) is an ambulatory healthcare system that uses digital technology to acquire medical and other health data about patients outside healthcare establishments. This information is then sent to healthcare professionals with the help of telehealth software applications installed on computers, smartphones or other hand-held devices to monitor the condition and improve the quality of care given to patients.

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Market Trends:

The market is primarily driven by the sudden outburst of the highly contagious coronavirus disease (COVID-19). Healthcare providers worldwide are using RPM systems to track patients with moderate COVID-19 symptoms and offer prompt hospital-based care. This helps to free up hospital resources for treating more critical patients. Besides this, the rising incidences of cardiovascular diseases, along with the increasing geriatric population, which is more susceptible to chronic conditions, is also boosting the demand for RPM. Furthermore, the introduction of innovative devices, improving healthcare infrastructure and rapid technological advancements are expected to create a significant impact on the market growth in the coming years.

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List of Key Companies Covered in this Market Report:

Abbott Laboratories (NYSE: ABT)
AMD Global Telemedicine Inc.
Boston Scientific Corporation (NYSE: BSX)
Dexcom, Inc. (NASDAQ: DXCM)
GE Healthcare Inc. (Danaher Corporation) (NYSE: GE)
Honeywell International Inc. (NYSE: HON)
Koninklijke Philips N.V. (AMS: PHIA)
Medtronic Inc. (NYSE: MDT)
Nihon Kohden Corporation (TYO: 6849)
OSI Systems Inc. (NASDAQ: OSIS)
Roche Holding AG (SWX: RO)
The report has segmented the market on the basis of device type, application, end-use and geography.

Breakup by Device Type:

Blood Pressure Monitor
Glucose Monitor
Heart Rate Monitor
Pulse Oximeters
Respiratory Monitor
Others

Breakup by Application:

Cancer Treatment
Cardiovascular Diseases Treatment and Monitoring
Diabetes Treatment
Sleep Disorder Treatment
Weight Management and Fitness Monitoring
Others

Breakup by End-Use:

Hospitals and Clinics
Homecare Settings
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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