Remote Patient Monitoring Market Report to 2027: A $2+ Billion Opportunity - IMARCGroup.com

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 collects patient medical and other health data outside of healthcare facilities using digital technologies. In order to monitor the condition and enhance the standard of care provided to patients, this information is subsequently transmitted to healthcare professionals using telehealth software applications installed on PCs, cellphones, or other handheld devices.

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Market Trends:

The unexpected outbreak of the extremely contagious coronavirus disease is the main factor driving the market (COVID-19). RPM systems are being used by healthcare practitioners all around the world to monitor patients who have mild COVID-19 symptoms and give immediate hospital-based therapy. By doing this, hospital resources can be allocated to more seriously ill patients. In addition, the growing geriatric population, which is more vulnerable to chronic diseases, and the rise of cardiovascular disorders are also driving up demand for RPM. In the upcoming years, it is anticipated that the introduction of novel technologies, improved healthcare infrastructure, and swift technical breakthroughs would have a substantial impact on market growth.

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List of Key Companies Covered in this Market Report:

Abbott Laboratories (NYSE: ABT)
AMD Global Telemedicine Inc.
BIOTRONIK SE & Co. KG
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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