South Korea Remote Patient Monitoring (RPM) Market (2026-2031)
The South Korea Remote Patient Monitoring (RPM) Market was valued at $957.8 Million in 2026 and projected to reach to $1543.6 Million by 2031, representing a compound annual growth rate of 10.0%. South Korea's Remote Patient Monitoring market is experiencing robust growth, driven by technological advancement, demographic shifts, and government support for healthcare digitalization.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
South Korea Remote Patient Monitoring (RPM) Market Trends and Insights
- This segment encompasses specialized monitoring equipment beyond traditional vital sign devices, including wearable sensors, activity trackers, and emerging diagnostic tools that enable continuous patient data collection.
- Other Monitoring Devices are driving innovation in RPM by offering clinicians granular insights into patient behavior, mobility, and physiological patterns that inform clinical decision-making. The growth trajectory of Other Monitoring Devices reflects increasing adoption of connected health ecosystems and patient engagement platforms.
- Between 2026 and 2031, Other Monitoring Devices will benefit from technological advances in miniaturization, battery efficiency, and cloud integration.
- Healthcare providers are increasingly deploying Other Monitoring Devices to reduce hospital readmissions, improve chronic disease management, and enhance preventive care capabilities across diverse patient populations. Other Monitoring Devices are positioned as enablers of value-based care models, where reimbursement incentives align with improved patient outcomes.
- The segment's 10.0% CAGR underscores sustained demand for non-invasive, patient-centric monitoring solutions that complement traditional clinical workflows and support remote care delivery..
Key Market Statistics
- CAGR (2026-2031) 10.0% CAGR
- Market Size, 2026 ~USD 957.8 Million
- Forecast, 2031 ~USD 1543.6 Million
- Country South Korea
South Korea Remote Patient Monitoring (RPM) Market Overview
Rapid Digital Health Adoption :
South Korea's advanced healthcare infrastructure and high internet penetration (99.3%) are driving rapid adoption of remote patient monitoring solutions, with government initiatives supporting digital health transformation across the nation.
Aging Population Demand :
With 17.5% of South Korea's population aged 65+, RPM devices are increasingly critical for managing chronic diseases in elderly patients, creating sustained demand for wearable sensors and continuous monitoring technologies.
Strong Tech Manufacturing Base :
South Korea's leading electronics and semiconductor manufacturers are positioning themselves in the RPM market, leveraging expertise in miniaturization and IoT connectivity to develop advanced monitoring devices.
Government Healthcare Investment :
The Korean government's Digital New Deal and healthcare digitalization initiatives are allocating significant resources to RPM infrastructure, creating favorable regulatory conditions and reimbursement pathways for monitoring device providers.
South Korea Remote Patient Monitoring (RPM) Market Dynamics
- The market is projected to grow from $957.8 million in 2026 to $1,543.6 million by 2031, representing a 10% CAGR.
- This growth trajectory reflects increasing adoption of wearable sensors, activity trackers, and specialized diagnostic tools among both healthcare providers and consumers. The South Korean RPM market benefits from a highly educated population, strong digital infrastructure, and a healthcare system increasingly focused on preventive care and chronic disease management.
- Major local technology companies are investing heavily in RPM solutions, while international players are expanding their presence.
- Regulatory support and growing insurance coverage for remote monitoring services are expected to accelerate market penetration across hospitals, clinics, and home-based care settings through 2031..
Related Ecosystem
Cardiovascular Devices
- External Defibrillators
- Implantable Cardioverter Defibrillators
- Pulse Oximeters
- Robotic Systems
- 3-Lead ECG Leadwires
- Medtronic plc
- Boston Scientific Corporation
- Abbott Laboratories
- Terumo Corporation
- KONINKLIJKE PHILIPS N.V.
Diagnostic Imaging
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- CT Scanners
- Nuclear Imaging
- Positron Emission Tomography
- Siemens healthineers
- PHILIPS HEALTHCARE
- CANON INC.
- FUJIFILM Holdings Corporation
- UNITED IMAGING HEALTHCARE CO., LTD.
Healthcare It
- Computed Tomography (CT)
- Machine Learning
- Magnetic Resonance Imaging (MRI)
- Natural Language Processing (NLP)
- Predictive Analytics
- CERNER CORPORATION
- PHILIPS HEALTHCARE
- Oracle Corporation
- GE HealthCare Technologies Inc.
- Siemens healthineers
Key Takeaways
- Other Monitoring Devices will grow from $957.8M (2026) to $1,543.6M (2031), representing a 10.0% CAGR driven by wearable adoption and connected health integration.
- Other Monitoring Devices enable continuous data collection beyond vital signs, supporting behavioral insights and preventive care strategies in RPM ecosystems.
- Technological advances in miniaturization and cloud connectivity are accelerating deployment of Other Monitoring Devices across chronic disease management programs.
- Other Monitoring Devices align with value-based care reimbursement models, incentivizing healthcare systems to invest in remote monitoring infrastructure.
Remote Patient Monitoring (RPM) Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2026 |
| Fastest Growing Segment | ASIA PACIFIC (Indication) |
| Forecast Period | 2026–2031 |
| Growth Rate | CAGR of 12.8% from 2026 to 2031 |
| Largest Segment | DEVICES (Component) |
| Market Size Base Year (Billions) | ~USD 36.32 (2026) |
| Revenue Forecast (Billions) | ~USD 66.33 (2031) |
| Segments Covered | Component, Function, Type, Deployment Model, Transmission Type, Indication, End User, Deployment Type |
South Korea Remote Patient Monitoring (RPM) Market Report Segmentation
8 segment dimensions are covered across the global market.
By Component
- Devices
- Services
- Software
By Function
- Blood Glucose Monitoring
- Blood Glucose Monitoring Devices
- Cardiac Monitoring
- Cardiac Monitoring Devices
- Fetal & Neonatal Monitoring
- Fetal & Neonatal Monitoring Devices
- Multiparameter Monitoring
- Multiparameter Monitoring Devices
- Neurological Monitoring
- Neurological Monitoring Devices
- Other Monitoring Devices
- Pulse Oximeter Devices
- Pulse Oximeters
- Respiratory Monitoring
- Respiratory Monitoring Devices
- Thermometers
- Weight Monitoring
- Weight Monitoring Devices
By Type
- Ambulatory Surgical Centers, Ambulatory Care Centers, And Other Outpatient Settings
- Ascs, Accs, And Other Outpatient Settings
- Handheld & Portable Devices
- Home Healthcare
- Hospitals
- Implantable Devices
- Long-Term Care & Assisted Living Facilities
- Other Devices
- Other Healthcare Providers
- Wearable Devices
By Deployment Model
- Cloud-Based Models
- On-Premise Models
By Transmission Type
- Asynchronous
- Synchronous
By Indication
- Cardiology
- Diabetes
- Mental Health
- Neurology
- Oncology
- Other Indications
- Respiratory Disorders
- Sleep Disorders
- Wellness Improvement
By End User
- Healthcare Payers
- Healthcare Providers
- Medtech Companies
- Other End Users
- Patients
- Pharmaceutical & Biotechnology Companies
By Deployment Type
- Cloud-Based Models
- On-Premise Models
Target Audience
- Medical Device Manufacturers : South Korean and international device makers need market sizing and competitive analysis to develop RPM products aligned with local regulatory requirements and healthcare provider demands.
- Healthcare Providers & Hospitals : Korean hospitals and clinics require market insights to evaluate RPM technology investments, understand reimbursement opportunities, and optimize patient monitoring capabilities for chronic disease management.
- Digital Health Startups : Emerging Korean healthtech companies need detailed market data, growth forecasts, and competitive positioning to secure funding, identify partnerships, and scale RPM solutions across the country.
- Insurance & Payer Organizations : Korean insurance companies and healthcare payers need RPM market analysis to develop coverage policies, assess cost-effectiveness, and plan reimbursement strategies for remote monitoring services.
- Investment & Strategy Consultants : Private equity firms, venture capital investors, and management consultants require South Korea-specific RPM market intelligence to evaluate investment opportunities and advise portfolio companies on market entry.
Key Companies in the South Korea Remote Patient Monitoring (RPM) Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| KONINKLIJKE PHILIPS N.V. | Netherlands | Public Company | Diagnosis & Treatment (Imaging and Image Guided Therapy),Connected Care (Monitoring, Enterprise Informatics, Sleep and Respiratory Care),Personal Health, |
| MEDTRONIC | Ireland | Public Company | Cardiovascular Portfolio,Neuroscience Portfolio,Medical Surgical Portfolio (incl. Diabetes and Monitoring), |
| GE HEALTHCARE | United States | Public Company | Imaging,Advanced Visualization Solutions (AVS),Patient Care Solutions (PCS), |
| ABBOTT | United States | Public Company | Diagnostic Products,Medical Devices,Nutritional Products, |
| ORACLE | United States | Public Company | Cloud Applications (Fusion ERP/EPM/SCM/HCM, NetSuite, CX, Health),Database and Infrastructure Technologies (Oracle DB, MySQL, Autonomous, Middleware, Java),Cloud Infrastructure (Compute, Storage, Networking, AI/ML, Digital Assistant, Blockchain), |
| BOSTON SCIENTIFIC CORPORATION | United States | Public Company | Cardiovascular (structural heart, CRM, LAAC, peripheral interventions),MedSurg – Endoscopy (GI, pancreaticobiliary, infection prevention, single-use scopes),MedSurg – Urology and Pelvic Health, |
| NIHON KOHDEN CORPORATION | Japan | Public Company | Patient monitors and clinical information systems,Physiological measuring equipment (EEG, ECG, EMG, polygraphs),Defibrillators, AEDs, and resuscitation devices, |
| SIEMENS HEALTHINEERS AG | Germany | Public Company | Imaging,Diagnostics,Varian (Oncology), |
| BAXTER | United States | Public Company | Medical Products & Therapies (IV solutions, infusion, parenteral nutrition, renal and related therapies),Healthcare Systems & Technologies (smart beds, monitoring, OR integration, surgical equipment, respiratory devices),Pharmaceuticals (generic and specialty injectables, inhaled anesthetics, compounding services), |
KONINKLIJKE PHILIPS N.V.
Koninklijke Philips N.V. is a Dutch multinational public company founded in 1891 with 64,317 employees, operating across healthcare and technology sectors.
MEDTRONIC
Medtronic is a public medical technology company founded in 1949 in Ireland with 95,000 employees, providing medical devices and healthcare solutions.
GE HEALTHCARE
GE Healthcare is a public healthcare company established in 2022 in the United States with 54,000 employees, offering medical imaging and healthcare technology.
ABBOTT
Abbott is a public healthcare and diagnostics company founded in 1888 in the United States with 115,000 employees.
ORACLE
Oracle is a public software and cloud computing company founded in 1977 in the United States with 141,000 employees.
BOSTON SCIENTIFIC CORPORATION
Boston Scientific Corporation is a public medical device company founded in 1979 in the United States with 59,000 employees.
NIHON KOHDEN CORPORATION
Nihon Kohden Corporation is a Japanese public company founded in 1951 with 6,116 employees, specializing in medical equipment and healthcare technology.
SIEMENS HEALTHINEERS AG
Siemens Healthineers AG is a German public healthcare company founded in 1896 with 72,369 employees, providing medical imaging and diagnostic solutions.
BAXTER
Baxter is a public healthcare company founded in 1931 in the United States with 37,500 employees, specializing in medical devices and pharmaceuticals.
Reasons to Buy this Report
- Market-Specific Growth Projections : Access detailed South Korea RPM market forecasts from $957.8M (2026) to $1,543.6M (2031), enabling accurate business planning and investment decisions tailored to this high-growth Asian market.
- Competitive Landscape Intelligence : Understand the competitive positioning of local Korean tech giants and international players in the South Korean RPM market, identifying partnership and acquisition opportunities specific to this region.
- Regulatory & Reimbursement Insights : Gain comprehensive understanding of South Korea's government healthcare policies, Digital New Deal initiatives, and insurance reimbursement frameworks driving RPM adoption and market expansion.
- Demographic & Healthcare Trends : Leverage data on South Korea's aging population, chronic disease prevalence, and digital health adoption rates to identify target customer segments and market entry strategies.
- Technology & Innovation Mapping : Discover emerging wearable sensor technologies, IoT connectivity solutions, and diagnostic tools being developed by South Korean manufacturers for the RPM market.
Frequently asked questions
What is included in the Other Monitoring Devices segment?
Other Monitoring Devices encompass wearable sensors, activity trackers, specialized diagnostic tools, and emerging connected devices that capture patient data beyond traditional vital signs in RPM applications.
What is the projected market size for Other Monitoring Devices by 2031?
Other Monitoring Devices are forecast to reach $1,543.6 million by 2031, growing from $957.8 million in 2026 at a 10.0% CAGR.
What drives growth in the Other Monitoring Devices segment?
Growth in Other Monitoring Devices is driven by increasing wearable adoption, cloud integration, value-based care incentives, and demand for continuous patient engagement in remote monitoring programs.
How do Other Monitoring Devices improve patient outcomes?
Other Monitoring Devices provide clinicians with granular behavioral and physiological data, enabling early intervention, reduced readmissions, and improved chronic disease management in RPM workflows.
Which healthcare settings are adopting Other Monitoring Devices?
Other Monitoring Devices are being deployed across hospitals, primary care practices, specialty clinics, and home-based care settings to support chronic disease management and preventive care initiatives.
RESEARCH METHODOLOGY
The study involved major activities in estimating the current market size for the remote patient monitoring market.
Exhaustive secondary research was done to collect information on the remote patient monitoring industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the remote patient monitoring market.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for the study of the remote patient monitoring market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.
Primary Research
Extensive primary research was conducted after acquiring basic knowledge about the global remote patient monitoring market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand side (Hospital directors, Hospital Vice Presidents, Department heads, and Critical care specialists ) and supply side (such as C-level and D-level executives, technology experts, product managers, marketing and sales managers, among others) across five major regions—North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This primary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.
BREAKDOWN OF PRIMARY INTERVIEW PARTICIPANTS
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tiers of companies are defined on the basis of their total revenues in 2025. Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the remote patient monitoring market. These methods were also used extensively to estimate the size of various subsegments in the market.
The research methodology used to estimate the market size includes the following:
Data Triangulation
After arriving at the overall market size—using the market size estimation processes—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the remote patient monitoring market.
Market Definition
The remote patient monitoring (RPM) market involves the use of technology to remotely monitor and manage patients' health conditions outside of traditional healthcare settings, as well as in patient settings. It leverages devices such as wearables, sensors, and mobile applications to track vital signs and chronic diseases. RPM allows healthcare providers to access real-time data for better decision-making and personalized care.
Key Stakeholders
- RPM Equipment and devices Manufacturers
- Suppliers and Distributors of RPM Equipment
- RPM software provider
- Healthcare IT Service Providers
- Healthcare Insurance Companies/Payers
- Healthcare Institutions/Providers (Hospitals, Clinics, Medical Groups, Physician Practices, Diagnostic Centers, and Outpatient Clinics)
- Venture Capitalists
- Government Bodies/Regulatory Bodies
- Corporate Entities
- Accountable Care Organizations
- RPM Resource Centers
- Research and Consulting Firms
- Medical Research Institutes
- Clinical Departments
Report Objectives
- To define, describe, and forecast the global remote patient monitoring market based on component, indication, end user, and region.
- To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall remote patient monitoring market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
- To strategically analyze the market structure profile of the key players of the remote patient monitoring market and comprehensively analyze their core competencies.
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
- To track and analyze competitive developments such as product launches and enhancements, investments, partnerships, collaborations, acquisitions, expansions, funding, grants, agreements, sales contracts, product testing, FDA approval, product approval, and alliances in the remote patient monitoring market during the forecast period.
Available customizations:
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company.
- Geographic Analysis: Further breakdown of Latin American remote patient monitoring into specific countries, the Middle East, and Africa remote patient monitoring into specific countries, and further breakdown of European remote patient monitoring into specific countries
Get the Full Remote Patient Monitoring (RPM) Market Report
Full forecast, segment splits, and company analysis for all Remote Patient Monitoring (RPM) Market.
- Canada Remote Patient Monitoring (RPM) Market
- US Remote Patient Monitoring (RPM) Market
- Germany Remote Patient Monitoring (RPM) Market
- UK Remote Patient Monitoring (RPM) Market
- France Remote Patient Monitoring (RPM) Market
- Italy Remote Patient Monitoring (RPM) Market
- Spain Remote Patient Monitoring (RPM) Market
- China Remote Patient Monitoring (RPM) Market
- Japan Remote Patient Monitoring (RPM) Market
- India Remote Patient Monitoring (RPM) Market
- Australia Remote Patient Monitoring (RPM) Market
- Brazil Remote Patient Monitoring (RPM) Market
- Mexico Remote Patient Monitoring (RPM) Market
- Saudi Arabia Remote Patient Monitoring (RPM) Market
- UAE Remote Patient Monitoring (RPM) Market
- South Africa Remote Patient Monitoring (RPM) Market
Need a Tailored Report?
Customize this report to your needs
Get 10% FREE Customization
Customize This Report