Remote Patient Monitoring Devices Market Share, Size, Growth and Forecast Report, 2022 to 2030

Remote Patient Monitoring Devices Market Overview

The report is titled as ‘Remote Patient Monitoring Devices Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Remote Patient Monitoring Devices market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

The remote patient monitoring devices market is estimated to reach at a value of US$ 25.1 Bn by the end of 2022 and expected to reach at a value of US$ 93.8 Bn by 2030 with a significant CAGR of 17.9%.

Remote Patient Monitoring Devices Introduction

Remote patient monitoring (RPM) can be perceived as a healthcare delivery approach that employs technology to keep track of patient health outside of a conventional clinical atmosphere. RPM alludes to the specialized technology employed to electronically transfer information between patients and practitioners, and it is just one delivery system within the comprehensive telemedicine industry. Some of the few examples of remote health monitoring devices comprise uninterrupted glucose monitors that alert diabetes patients to take their insulin, whilst enabling their medical practitioner to check upon the disease, digital blood pressure monitors that allow patients to distantly send physicians their blood oxygen levels and blood pressure.

Remote patient monitoring devices strike digital technology in order to transmit communications between providers and patients. Patients keep a check on themselves to gather data about their condition and overall well-being at different points throughout the day, and then further transfer secure data in messages electronically to their technicians or clinicians. Moreover, RPM systems carry an enormous potential for propagating savings by avoiding more costly and severe health outputs from setting down roots. The growing prevalence of chronic ailments among the population is primarily projected to drive the growth of the global remote patient monitoring devices market in the following years.

Remote Patient Monitoring Devices Market Segmentation

The global remote patient monitoring devices market is segmented on the basis of product, application, modality, end use, and region.

By Product

Vital Sign Monitors

Pressure Monitors

Hemodynamic Monitors

Blood Pressure Monitors

Disposables

Cardiac Monitoring Devices

ECG Devices

Implantable Loop Recorders

Event Monitors

Mobile Cardiac Telemetry Monitors

Temperature Monitor

Fetal and Neonatal Monitoring Devices

Respiratory Rate Monitor

Pulse Oximeters

Spirometers

Capnographs

Peak Flow Meters

Brain Monitoring (EEG)

Specialized Monitors

Anesthesia Monitors

Blood Glucose Monitors

Self-monitoring Blood Glucose Systems

Continuous Glucose Monitoring Systems

Prothrombin Monitors

Multi Parameter Monitors (MPM)

Low-acuity Monitoring Devices

Mid-acuity Monitoring Devices

High-acuity Monitoring Devices

Others

By Modality

Handheld

Benchtop

Wearable

Invasive

By Application

Cancer

Cardiovascular Diseases

Diabetes

Sleep Disorder

Weight management and Fitness Monitoring

Bronchitis

Infections

Virus

Dehydration

Hypertension

By End-use

Hospital Based Patients

Ambulatory Patients

Home Healthcare

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Remote Patient Monitoring Devices Market Key Players

Some of the key participating players in global Remote Patient Monitoring Devices market are:

BioTelemetry Inc.

Koninklijke Philips N.V.

Medtronic

GE Healthcare

Cerner Corporation

Siemens Healthineers AG

OMRON Healthcare

Boston Scientific Corporation

Abbott Laboratories

Resideo Life Care Solutions

Vivify Health, Inc.

ALTEN Calsoft Labs

Preventice Solutions

Bio-Beat Technologies

VitalConnect

Welch Allyn

Teladoc Health Inc.

Dexcom Inc.

iRhythm Technologies, Inc.

VivaLNK Inc.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Current product compliance

Reimbursement

Concerns for use of Remote Patient Monitoring Devices

Advantages of Remote Patient Monitoring Devices

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.