Remote Patient Monitoring Market Introduction

Remote patient monitoring market is predicted to value over US$ 2 billion by the end of 2027 and record at a CAGR of over 12% during the forecast period of 2020-2027.

Remote patient monitoring (RPM) system also referred as home care telehealth is a type of ambulatory healthcare that allows a patient to use a remote (mobile) medical device to perform a routine test and send the test data to health care professional in real time. Data can be transfer to a physician’s office by using special telehealth computer system by using software application installed on the patient's remote devices (mobile/ PC’s). Remote monitoring techniques allow these patients and their physicians to closely monitor the medical condition and if need be intervene. These systems will be cost-effective, flexible and robust solution supporting a unique remote based computational platform.

Rising demand for home healthcare services for better management of patient fuelled the growth of the market. Remote patient monitoring increases patient compliance and decreases the out of pocket expenditure. Further, increasing the healthcare responsibility on government bodies led to the reformulation of existing healthcare policies to support the smart technologies to contain the burden of healthcare cost. It led to the rapid evolution of the remote patient monitoring market and boosted the growth of the market. Remote patient monitoring provides real-time data and it allows continuous monitoring of patient well being. All these factors led to the burgeoning growth of the market. Remote patient monitoring market is expected to witness strong growth throughout the forecast period. 

North America remained dominant in global remote patient monitoring market due to high adoption among the general population and end-user segment. It was followed by the European region due to high awareness. Further, changing lifestyle patterns in the Asia Pacific are expected to create opportunistic market space for international players. Latin America and Rest of World remained less significant market space for service providers. 

Remote Patient Monitoring market players include:

Boston Scientific Corporation, Medtronic Plc, Aerotel Medical Systems Ltd., Nihon Kohden Corporation, Biotronik SE & Co. KG, Masimo Corporation, General Electric Company. 


                                       Global Remote Patient Monitoring Market


Remote Patient Monitoring Market Segmentation :

By Device Type

  • Cardiac Rhythm Monitoring Devices
  • Pulse Oximeter
  • Respiratory Monitoring Devices
  • Blood Pressure Measuring Devices
  • Others

By End User

  • Hospitals
  • Long Term Care Center
  • Homecare Settings

By Region

  • Europe  
  • North America  
  • APAC  
  • Latin America
  • Rest of World

Competitive Landscape:  

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants  

FutureWise Takeaways  

  • Growth prospects  
  • SWOT analysis 
  • Key trends 
  • Key data-points affecting market growth  

Objectives of the Study:

  • To provide with an exhaustive analysis on global remote patient monitoring market by device type, end-user and region 
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market  
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies 


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics