Authored By: Sarah
06 Mar 2023

Remote Patient Monitoring Market Size to Grow by USD 1,733.81 Million at a CAGR of 22.22% Between 2022 and 2027

The remote patient monitoring market share is forecast to reach USD 1,733.81 million, after growing at a CAGR of 22.22% during 2023-2027. The emergence of digital healthcare services and healthcare 4.0 is analyzed to boost the remote patient monitoring market growth. Moreover, the increasing popularity of m-health is the major trend enhancing the overall market demand for remote patient monitoring during the forecast period.   

Get a snapshot of the remote patient monitoring market analysis: Unlock the Sample Report The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 566.24 Million.

Browse Technavio's 174-page report and in-depth TOC on "Remote Patient Monitoring Market by Product (vital signs and implantable), end-user (hospitals, ASCs, and home care), and geography (North America, Europe, Asia, and Rest of World (ROW)).

View detailed Table of Contents Here: https://www.technavio.com/report/remote-patient-monitoring-market-industry-analysis

Remote Patient Monitoring Market Size to Grow by USD 1,733.81 Million at a CAGR of 22.22% Between 2022 and 2027

Product: 

  • Vital signs: The market share growth of the vital signs segment will be significant during the forecast period. The availability of customized solutions and warranties on monitoring products is increasing the rate of adoption, which is expected to support the growth of the market during the forecast period.

  • Implantable 

Geography: 

  • North America: 46% of market growth will develop from North America during the forecast period. Growing awareness of the benefits of remote patient monitoring solutions, increasing work pressure across healthcare facilities, growing advances in patient data collection technologies, and the rising prevalence of chronic diseases are propelling the growth of the market in the region.

  • Europe 

  • Asia 

  • Rest of World (ROW) 

End-user: 

  • Hospitals

  • ASCs

  • Home care 

Key Takeaways: 

  • The remote patient monitoring market size will witness a YOY Growth Rate of 21.01% in 2023.  

  • The reimbursement issues will be a major challenge for the remote patient monitoring market during the forecast period. 

  • Major key remote patient monitoring market players include Abbott Laboratories, Advantech Co. Ltd., Alten SA, Boston Scientific Corp., Caretaker Medical NA, Draegerwerk AG and Co. KGaA, Honeywell International Inc., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, MphRx Inc., Napier Healthcare Solutions Pte Ltd., Nihon Kohden Corp., OMRON Corp., OSI Systems Inc., OSP Labs, Shenzhen Mindray BioMedical Electronics, Siemens AG, Smiths Group Plc, and General Electric Co.  

  • The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as North America, Europe, Asia, and the Rest of World (ROW). 

Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth. 

Key data covered in the Remote Patient Monitoring Market report 

  • Precise market size estimation during the forecast period 2023-2027.  

  • CAGR of the remote patient monitoring market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the remote patient monitoring market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the remote patient monitoring market.  

  • Remote patient monitoring industry growth across North America, Europe, Asia, and Rest of World (ROW).

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