According to FutureWise analysis, the market for AI in remote patient monitoring in 2023 is USD 1409.03 million, and is expected to reach USD 7038.32 million by 2030, with a CAGR of 25.8%.
Artificial intelligence (AI), enables remote monitoring of patients (RPM), which reduces costs through triaging to optimize hospitalization and avoiding complications. FDA regulates AI for medical devices to ensure transparency, safety, and effectiveness. AI has been gaining popularity as a technology that can be used to guide clinical decisions, diagnose disease conditions at an early stage, and monitor patients with chronic diseases. These value propositions have driven the AI market for remote patient monitoring. The technology has surpassed geographical boundaries and decreased the number of in-person consultations. eHealth powered by AI is a powerful tool for holistic patient care.
Remote patient monitoring has been gaining a lot of attention from its supporters. Payers, providers, and policymakers are exploring the use of AI-powered platforms and tools to deliver better patient experiences. This will expand the market for AI in remote monitoring. AI-powered remote patient monitoring offers many benefits, including improving patient engagement, reducing errors, and detecting patterns of activity, as well as reducing readmissions to hospitals, optimizing utilization, and reducing costs. The technology also helps healthcare providers to gather critical patient data and improve patient care, as well as manage staff efficiently.
FutureWise Market Research has instantiated a report that provides an intricate analysis of AI in Remote Patient Monitoring Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the AI in Remote Patient Monitoring Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.