Latest News- Remote Patient Monitoring Market: Vital signs is expected to lead the Product segment during 2025-2029

The Remote Patient Monitoring Market is being driven by Focus on chronic disease management

The Remote Patient Monitoring Market is expected to grow at a CAGR of 23.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2784.4 million. The remote patient monitoring market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) technology and connected medical devices in the healthcare sector. IoT infrastructure bridges the gap between physical and digital data sources, enabling real-time patient monitoring and improving accessibility to healthcare services. This trend is particularly relevant in the context of connected hospital infrastructure, which is gaining popularity among healthcare organizations for delivering timely and effective care. IoT applications in healthcare extend beyond inpatient services, offering immense potential for outpatient services as well. By reducing operational burdens on healthcare facilities and fostering digital ecosystems, IoT is transforming the healthcare landscape and driving the growth of the remote patient monitoring market. 

Get more information on Remote Patient Monitoring Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Vital signs
  • Implantable
• End-user
  • Hospitals
  • ASCs
  • Home care
• Type
  • Software & Services
  • Devices
• Application
  • Oncology
  • Cardiovascular Diseases
  • Diabetes
  • Sleep Disorders
  • Weight Management & Fitness Monitoring
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Focus on chronic disease management
• Cost benefits of remote patient monitoring
• Emergence of digital healthcare services and healthcare 4.0

However, the market also witnesses some limitations, which are as follows:

• Lack of reimbursement policies for remote monitoring
• Complexities associated with deployment of smart healthcare solutions
• Lack of standardization

Benefits of Buying Global Remote Patient Monitoring Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Remote Patient Monitoring Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Remote patient monitoring (RPM) is a patient-centered care approach that utilizes digital platforms and RPM technologies to enable personalized medicine and enhance patient engagement. Regulatory variations, social media practices, and the geriatric demographic drive the growth of this market. Chronic ailments such as hypertension and neurological disorders, along with aging in place and mobility constraints, contribute to rising healthcare expenditures. Medical practitioners and hospitals employ telemedicine and home-based care settings for chronic disease management. RPM involves collecting and transmitting health data from patients to medical researchers using cloud servers, ensuring Health Insurance Portability and Accountability (HIPAA) compliance. Firms like EPIC Health develop telemedicine apps to facilitate this process. The global disease burden, particularly in chronic conditions, fuels the demand for RPM solutions.

Market Research Overview

The Remote Patient Monitoring (RPM) market encompasses the income generated from the sales of healthcare applications, IT systems, internet-based healthcare tools including monitoring devices, telehealth technologies, digital health technologies, and IT consulting services to healthcare providers, clinics, hospitals, or businesses within the healthcare sector. According to Technavio, the global healthcare market size is determined by the consolidated revenue generated by manufacturers/providers of medical equipment, supplies, pharmaceuticals, biotechnology, healthcare technology players, and life sciences tools and services. The expansion of the healthcare technology market will be fueled by factors influencing both the healthcare industry and IT spending market. Key drivers include the demand for cost reduction in healthcare across developed and developing economies, the shift towards patient-centered care and personalized medicine, increasing patient engagement, regulatory variations, evolving social media practices, the growing geriatric demographic, and the prevalence of chronic ailments. Furthermore, the aging in place trend, mobility constraints, and the need to combat healthcare fraud and fraud detection are additional factors contributing to market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/