Remote Patient Monitoring Market: Growth, Size, Share, and Trends

Report Code HIT 7776
Published in Feb, 2025, By MarketsandMarkets™
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Remote Patient Monitoring (RPM) Market by Offering (Software, integrated device), Device (Wearable, implants, handheld), Function (Cardiac, Glucose, Multiparameter), Application (Diabetes, Cardio, Neuro), End user, & Region - Global Forecast to 2030

Overview

The global remote patient monitoring market, valued at US$24.39 billion in 2023, is forecasted to grow at a robust CAGR of 12.7%, reaching US$27.72 billion in 2024 and an impressive US$56.94 billion by 2030. The key drivers behind this growth include increasing chronic diseases, home healthcare preferences, advances in wearable technology, and the digital transformation of healthcare. Government programs, such as the FCC's COVID-19 Telehealth Program and Rural Health Care Program, are bridging gaps in broadband access in underserved and rural areas. It is making it easier for healthcare providers to offer remote care. The pandemic did push telehealth forward, but infrastructure, digital literacy, and reimbursement issues are among the many hurdles that have to be overcome for widespread adoption.

Remote Patient Monitoring (RPM) Market – Global Forecast and Key Opportunities to 2030

Attractive Opportunities in the Remote Patient Monitoring (RPM) Market

Asia Pacific

High growth in the Asia Pacific market is attributed to the increasing geriatric population and chronic illness, improving healthcare infrastructure, rapid economic growth, and the rising standards of living.

Rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth and remote patient monitoring, and increasing investments in telehealth and RPM are the major factors driving the market growth.

The role and impact of AI in remote patient monitoring and the high utility of RPM in combating infectious diseases & epidemics are factors expected to offer significant growth opportunities for players operating in this market

The European remote patient monitoring market is expected to be worth USD 11.03 billion by 2030, growing at CAGR of 10.5% during the forecast period.

Data accessibility issues are expected to pose a challenge to the growth of this market

Global Remote Patient Monitoring (RPM) Market Dynamics

DRIVER: Transforming patient care through digital innovation

Remote patient monitoring is transforming healthcare delivery by using digital technologies to track and relay patient data to healthcare providers, significantly enhancing disease management and patient outcomes. This is especially valuable for individuals with chronic conditions and limited access to care. Widespread adoption of RPM is supported by Medicare, most state Medicaid programs, and private health insurers. RPM usage among Medicare beneficiaries increased more than sixfold from 2018 to 2021, with 594 monthly claims per 100,000 enrolees in 2021. As of March 2023, 34 state Medicaid programs covered RPM, though some impose restrictions. The rise of AI-powered diagnostic tools, including 103 devices for conditions such as sleep apnea, atrial fibrillation, and epilepsy, is accelerating RPM’s growth, with 75 FDA-approved AI/ML-enabled tools now available in the US.

The rapid advancement of mHealth software is fueling this market, combining wearables, sensors, and telehealth to collect real-time health data. In the US, billing for remote physiological monitoring jumped five-fold over three years, while new codes for remote therapeutic monitoring almost quadrupled in 2023. Digital health solutions focused on obesity, mental health, and musculoskeletal care are also gaining ground, with leading companies such as Accuhealth, Biofourmis, Teladoc Health, and Omron Healthcare driving innovation. As consumers demand more continuous care, these advancements, along with new reimbursement pathways, are making remote monitoring a critical component of modern healthcare systems.

RESTRAINT: High investments and lack of IT expertise

Healthcare providers struggle to use remote patient monitoring systems because they need better IT infrastructure for technology systems and data storage. A full RPM implementation demands large money expenditures to build data handling systems and maintain electronic platforms. Organizations often spend more money on running their remote monitoring systems than they do on their software purchases. Approximately one-third of ownership costs passes through support updates. When healthcare organizations don't employ experts in information technology, they need to send their staff for training at an extra expense to use Remote Patient Monitoring solutions. Small healthcare providers and organizations struggling with limited funds find it hard to adopt RPM technology because they must invest heavily in IT systems and staff training. Moving to cloud systems demands IT architecture modifications mainly in hospitals that depend on intricate network connections between labs and physicians. It becomes difficult to expand cloud-based Care Management services in large healthcare networks because they lack proper IT infrastructure connections.

 

OPPORTUNITY: Growing shift toward outpatient care environments

As the healthcare industry continues its shift toward outpatient care, Remote Patient Monitoring solutions have a huge opportunity to step forward and be the key to improving patient outcomes. The cost of outpatient procedures runs anywhere from 30-60% less than inpatient treatments, for example, making it popular due to affordability and convenience. With more than 6,300 Medicare-certified ambulatory surgery centers (ASCs) in the US as of 2024 and a 29% increase in Medicare payments for ASC procedures between 2014 and 2020, the demand for outpatient services is only rising. The trend goes hand in hand with the adoption of RPM and clinical informatics within healthcare systems, positioning them better to offer improved monitoring and care coordination-a source of improved patient experiences.

Government incentives are also encouraging this change. In 2021, public health informatics received a 80 million US dollar investment in the US, accelerating the rate at which RPM technology is embraced into outpatient care delivery. Other adjustments also made regarding the Medicare reimbursements, which even increased to a 3.8% in its ASC procedure and promotes more efficient use of innovation monitoring solution that will provide much better proactive patient care while achieving timely intervention leading to lesser cases of hospital readmission. As RPM becomes a critical part of outpatient care, it presents a valuable opportunity for growth, offering more accessible, patient-centered healthcare for the future.

CHALLENGES: Incorporation of social determinants of health (SDOH) factors into RPM Programs

Remote Patient Monitoring programs have the potential to significantly improve health outcomes, particularly for people managing chronic conditions such as diabetes, hypertension, and heart disease. However, these programs face challenges that prevent them from reaching their full potential, especially for underserved populations. Social factors such as language barriers, limited internet access, low digital health literacy, and geographic location create major obstacles. For instance, a study at NYU Langone Health found that 28.3% of those not using RPM for blood pressure monitoring were Spanish speakers. In addition, over 8.3 million US homes still lack broadband, and rural areas, particularly those with lower-income households, face even greater difficulty accessing RPM technologies. Rural hospitals near these communities are 33.5% less likely to adopt RPM for chronic care management.

The impact of these barriers is felt most acutely by racial and ethnic minorities. Hispanic and Black patients often fail to fully engage with RPM programs, which exacerbates health disparities. A 2021 study revealed that Hispanic patients were less likely to transmit data in diabetes RPM programs, and a 2023 study identified technical challenges and mistrust of healthcare systems among Black patients as major hurdles. These differences in access and engagement make it difficult for RPM to reach all who could benefit. Addressing these obstacles is critical to make sure that RPM can be used to help improve health outcomes for all, regardless of race, location, or socioeconomic status.

Global Remote Patient Monitoring (RPM) Market Ecosystem Analysis

The ecosystem of remote patient monitoring comprises telecommunications companies, i.e., network, connectivity, and hardware providers; CT tools and electronics manufacturers, i.e., the infrastructure service providers; and service & medical device providers. Healthcare providers (hospitals, health systems, physicians, ACSs, and clinics), Payers, patients/customers, health retailers, senior living/post-acute/hospice centers, start-ups, and governments and regulatory bodies are also stakeholders of this market.

Remote Patient Monitoring (RPM) Market Ecosystem
 

The hospital segment held the largest share of the healthcare providers end user market in 2023

Based on healthcare providers end-user segment, the remote patient monitoring market is segmented into hospitals; ambulatory surgical centers, ambulatory care centers, and other outpatient settings; long-term care, & assisted living facilities; home healthcare, and other healthcare providers. In 2023, the hospitals segment is accounted to hold the largest share of the remote patient monitoring market. Some of the key growth factors driving the segment are rising rates of chronic conditions such as diabetes, heart disease, and obesity, necessitating ongoing medical care and management, legislative reforms such as the Affordable Care Act, expanded access to healthcare, increasing the number of insured patients. Hospitals generate millions of data from monitoring devices. This places a huge demand for adequate data management, storage, and analysis, thus propelling the remote patient monitoring market. For instance, PainChek (Australia) partnered with InterSystems Corporation (US) in November 2022 to enhance its mobile-based pain assessment application. They integrated the app into electronic medical record systems, as that would make it of use to hospitals and eventually to new markets.

The synchronous segment is expected to see the fastest growth in transmission type of the remote patient monitoring market in 2023

The remote patient monitoring market is divided into two segments based on transmission type: synchronous and asynchronous. The synchronous segment is expected to see the fastest growth in the coming years, mainly because more patients and healthcare providers are seeking real-time monitoring and quick medical intervention. This is because advancement in telemedicine as well as in wearable devices is also driving the asynchronous remote patient monitoring. This trend is fuelled by improving patient outcomes, reduced hospital readmissions, and decreasing healthcare costs. As chronic diseases become more common and the global population ages, the need for continuous, real-time monitoring is increasing to make sure patients get timely care. The integration of AI and ML into healthcare tools is expected to make synchronous remote monitoring even more effective and efficient.

Asia Pacific is registered the highest growth during the forecast period with significant CAGR in 2023.

The remote patient monitoring market (RPM) is segmented into five major regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific is expected to register highest growth during the forecast period. These factors include high adoption of digital health technologies, increasing healthcare expenditure, a large population, and growing age, and continuous improvements in healthcare infrastructure in this region. The researchers at the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) have recently discovered an important innovation: they have designed a wearable device capable of detecting stress based on how a body reacts naturally to pain. The flexible, silver-wired device is set up in a way that feels strain and can change its electric response with time, similar to how a human body reacts repeatedly to discomfort. It could provide real-time detection and tracking of stress or discomfort, thus giving doctors a lot of data to assess a patient's condition from a distance, thereby being more proactive and personalized in care. Such innovations are likely to transform the RPM market into how we manage health, improve outcomes, and make healthcare more responsive to individual needs.

HIGHEST CAGR MARKET IN 2023
US FASTEST GROWING MARKET IN THE REGION
Remote Patient Monitoring (RPM) Market Region

Recent Developments of Remote Patient Monitoring (RPM) Market

  • In January 2025, Medtronic (Ireland) announced the FDA approval and launch of the MyCareLink Smart Monitor, the world’s first app-based remote monitoring system for pacemaker patients.
  • In September 2024, GE HealthCare (US) launched the Venue Sprint, a portable ultrasound system offering advanced AI-driven capabilities, wireless probe integration, and enhanced workflow features.
  • In July 2024, Koninklijke Philips N.V. (Netherlands) and Bon Secours Mercy Health (US) announced a 10-year partnership to implement and scale a new patient monitoring platform across its 49 hospitals and 1,200 care sites.
  • In April 2024, OMRON Healthcare, Inc. (Japan) acquired Luscii healthtech B.V. (Netherlands), to enhance its integrated care solutions. This move aims to accelerate the adoption of remote patient monitoring and support OMRON's "Going for Zero" vision to reduce cardiovascular and cerebrovascular events.

Key Market Players

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Scope of the Report

Report Metric Details
Market size available for years 2022-2030
Base Year Considered 2023
Forecast period 2024-2030
Forecast units Million/Billion (USD)
Segments covered Component, Indication, and End-user
Geographies covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

 

Key Questions Addressed by the Report

Which are the top industry players in the global Remote patient monitoring?
The top market players in the global Remote patient monitoring include Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), OMRON Corporation (Japan), GE Healthcare (US), Oracle (US), Boston Scientific Corporation (US), Abbott (US), NIHON KOHDEN CORPORATION (Japan), Siemens Healthineers AG (Germany), Baxter (US), Biobeat (Israel), Biotronik (Germany), VitalConnect (US), VivaLNK, Inc (US), Clear Arch, Inc (US), Optum, Inc (Vivifyhealth) (US), Blue Spark Technologies, Inc (US), Lightbeam (US), Cloud Diagnostics Canada ULC (Canada), Teladoc Health, Inc (US), and Guangdong Transtek Medical Electronics Co., Ltd (China).
Which component type has been included in the Remote patient monitoring report?
This report contains the following components:
  • Devices
    • By Function
      • Cardiac monitoring devices
      • Neurological monitoring devices
      • Respiratory monitoring devices
      • Blood glucose monitoring devices
      • Fetal & neonatal monitoring devices
      • Weight monitoring devices
      • Multiparameter monitoring devices
      • Pulse oximeter devices
      • Thermometers
      • Other monitoring devices (rehabilitation and physical therapy devices, fall detection devices, and others)
    • By Product type
      • Wearable devices
      • Implantable devices
      • Handheld & portable devices
      • Others (stationary devices, and others)
  • Software
    • By deployment model
      • On-premise model
      • Cloud-based model
    • By transmission type
      • Synchronous
      • Asynchronous
  • Services
Which region dominates the global Remote patient monitoring?
The global Remote patient monitoring is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America holds a substantial share, and the Asia Pacific is expected to register the highest growth rate during the forecast period.
Which end users have been included in the Remote patient monitoring report?
The report contains the following industry segments:
  • Healthcare Providers
    • Hospitals
    • Ambulatory surgical centers, ambulatory care centers, and other outpatient settings
    • Long-term care & assisted living facilities 
    • Home healthcare
    • Other healthcare providers (diagnostics & imagining centers, rehabilitation centers, behavioural health centers, and others)
  • Healthcare payers
  • Patients
  • Pharmaceutical & biotechnology companies
  • MedTech companies
  • Other end users (employer groups, government organizations, academic institutes, research centers, and others)
What is the total CAGR expected to be recorded for the Remote patient monitoring during 2024-2030?
The market is expected to record a CAGR of 12.7% from 2024–2030.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
1
RESEARCH METHODOLOGY
34
EXECUTIVE SUMMARY
56
PREMIUM INSIGHTS
78
MARKET OVERVIEW
92
  • 5.1 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.3 INDUSTRY TRENDS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - WEARABLE DEVICES AND SENSORS
    - ARTIFICIAL INTELLEGENCE & MACHINE LEARNING
    - CLOUD COMPUTING
    - PATIENT ENGAGEMENT TOOLS
    - ELECTRONIC HEALTH RECORDS (EHR) INTEGRATION
    - VOICE ASSISTANTS
    COMPLEMENTARY TECHNOLOGY
    - 5G CONNECTIVITY
    - MOBILE HEALTH (MHEALTH) APPS
    - DIGITAL THERAPEUTICS (DTX)
    - TELEHEALTH PLATFORMS
    ADJACENT TECHNOLOGIES
    - POINT-OF-CARE DIAGNOSTICS
    - SMART HOME HEALTH DEVICES
  • 5.7 TARIFF AND REGULATORY LANDSCAPE
    TARIFF DATA (HS CODE 9018, 9021, 9022)
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY ANALYSIS
    - NORTH AMERICA
    - EUROPE
    - ASIA PACIFIC
    - LATIN AMERICA
    - MIDDLE EAST & AFRICA
  • 5.8 TRADE ANALYSIS
  • 5.9 PRICING ANALYSIS
    INDICATIVE PRICE FOR REMOTE PATIENT MONITORING SOLUTIONS, BY COMPONENT (2023)
    INDICATIVE PRICE FOR REMOTE PATIENT MONITORING SOLUTIONS, BY REGION (2023)
  • 5.10 PORTER’S FIVE FORCES ANALYSIS
  • 5.11 PATENT ANALYSIS
    PATENT PUBLICATION TRENDS FOR THE REMOTE PATIENT MONITORING MARKET
    INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.13 END-USER ANALYSIS
    UNMET NEEDS
    END-USER EXPECTATIONS
  • 5.14 KEY CONFERENCES & EVENTS IN 2025-2026
  • 5.15 CASE STUDY ANALYSIS
  • 5.16 REMOTE PATIENT MONITORING MARKET: INVESTMENT AND FUNDING SCENARIO
  • 5.17 REMOTE PATIENT MONITORING MARKET: BUSINESS MODELS
  • 5.18 IMPACT OF AI/GEN AI IN THE REMOTE PATIENT MONITORING MARKET
  • 5.19 REIMBURSEMENT ANALYSIS
REMOTE PATIENT MONITORING MARKET, BY COMPONENT
145
  • 6.1 INTRODUCTION
  • 6.2 DEVICES
    BY FUNCTION
    - CARDIAC MONITORING DEVICES
    - NEUROLOGICAL MONITORING DEVICES
    - RESPIRATORY MONITORING DEVICES
    - BLOOD GLUCOSE MONITORING DEVICES
    - FETAL & NEONATAL MONITORING DEVICES
    - WEIGHT MONITORING DEVICES
    - MULTIPARAMETER MONITORING DEVICES
    - PULSE OXIMETER DEVICES
    - THERMOMETERS
    - OTHER MONITORING DEVICES (REHABILITATION AND PHYSICAL THERAPY DEVICES, FALL DETECTION DEVICES, AND OTHERS)
    BY PRODUCT TYPE
    - WEARABLE DEVICES
    - IMPLANTABLE DEVICES
    - HANDHELD & PORTABLE DEVICES
    - OTHERS (STATIONARY DEVICES, AND OTHERS)
  • 6.3 SOFTWARE
    BY DEPLOYMENT MODEL
    - ON-PREMISE MODEL
    - CLOUD-BASED MODEL
    BY TRANSMISSION TYPE
    - SYNCHRONOUS
    - ASYNCHRONOUS
  • 6.4 SERVICES
REMOTE PATIENT MONITORING MARKET, BY INDICATION
183
  • 7.1 INTRODUCTION
  • 7.2 ONCOLOGY
  • 7.3 CARDIOLOGY
  • 7.4 NEUROLOGY
  • 7.5 DIABETES
  • 7.6 SLEEP DISORDERS
  • 7.7 RESPIRATORY DISEASES
  • 7.8 WELLNESS IMPROVEMENT (WEIGHT MANAGEMENT, FITNESS MONITORING, HYDRATION MONITORING, NUTRITIONAL TRACKING & MONITORING, ETC)
  • 7.9 MENTAL HEALTH
  • 7.10 OTHERS (OBSTETRICS & GYNECOLOGY, IMMUNOLOGY, INFECTIOUS DISEASES, METABOLIC DISORDERS, OPHTHALMOLOGY, GASTROENTEROLOGY, NEPHROLOGY & UROLOGY, HEMATOLOGY, ENDOCRINOLOGY, MUSCULOSKELETAL DISORDERS, AND OTHERS)
REMOTE PATIENT MONITORING MARKET, BY END-USER
199
  • 8.1 INTRODUCTION
  • 8.2 HEALTHCARE PROVIDERS
    HOSPITALS
    AMBULATORY SURGICAL CENTERS, AMBULATORY CARE CENTERS, AND OTHER OUTPATIENT SETTINGS
    LONG TERM CARE & ASSISTED LIVING FACILITIES
    HOME HEALTHCARE
    OTHER HEALTHCARE PROVIDERS (DIAGNOSTICS & IMAGINING CENTERS, REHABILITATION CENTERS, BEHAVIOURAL HEALTH CENTERS, AND OTHERS)
  • 8.3 HEALTHCARE PAYERS
  • 8.4 PATIENTS
  • 8.5 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
  • 8.6 MEDTECH COMPANIES
  • 8.7 OTHER END USERS (EMPLOYER GROUPS, GOVERNMENT ORGANIZATIONS, ACADEMIC INSTITUTES, RESEARCH CENTERS, AND OTHERS)
REMOTE PATIENT MONITORING MARKET, BY REGION
219
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    CANADA
  • 9.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    GERMANY
    FRANCE
    UK
    ITALY
    SPAIN
    REST OF EUROPE
  • 9.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    JAPAN
    INDIA
    REST OF ASIA PACIFIC
  • 9.5 LATIN AMERICA
    MACROECONOMIC OUTLOOK FOR LATIN AMERICA
    BRAZIL
    MEXICO
    REST OF LATIN AMERICA
  • 9.6 MIDDLE EAST & AFRICA
    MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA
    GCC COUNTRIES
    REST OF MIDDLE EAST & AFRICA
COMPETITIVE LANDSCAPE
238
  • 10.1 OVERVIEW
  • 10.2 STRATEGIES ADOPTED BY KEY PLAYERS
  • 10.3 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
  • 10.4 MARKET SHARE ANALYSIS
  • 10.5 BRAND/PRODUCT COMPARATIVE ANALYSIS
  • 10.6 VALUATION AND FINANCIAL METRICS OF KEY REMOTE PATIENT MONITORING VENDORS
  • 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT, KEY PLAYERS, 2023
    - COMPANY FOOTPRINT
    - REGION FOOTPRINT
    - COMPONENT FOOTPRINT
    - INDICATION FOOTPRINT
  • 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - DETAILED LIST OF STARTUPS/SMES
    - COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 10.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
301
  • 11.1 KEY PLAYERS
    KONINKLIJKE PHILIPS N.V.
    MEDTRONIC
    OMRON CORPORATION
    GE HEALTHCARE
    ORACLE
    BOSTON SCIENTIFIC CORPORATION
    ABBOTT
    NIHON KOHDEN CORPORATION
    SIEMENS HEALTHINEERS
    BAXTER INTERNATIONAL
    BIOBEAT
    BIOTRONIK
    VITALCONNECT
    VIVALNK, INC.
    CLEARARCH, INC.
    OPTUM, INC.
    BLUE SPARK TECHNOLOGIES, INC
    LIGHTBEAM
    19 CLOUD DX
    TELADOC HEALTH, INC.
    GUANGDONG TRANSTEK MEDICAL ELECTRONICS CO., LTD.
  • 11.2 OTHER PLAYERS
    CARESIMPLE INC.
    TIMEDOC HEALTH
    MD REVOLUTION INC.
    OPTIMIZE HEALTH, INC.
    HEALTH RECOVERY SOLUTIONS
APPENDIX
333
  • 12.1 DISCUSSION GUIDE
  • 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.3 AVAILABLE CUSTOMIZATIONS
  • 12.4 RELATED REPORTS
  • 12.5 AUTHOR DETAILS

 

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 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

The following is a breakdown of the primary respondents:

Remote Patient Monitoring (RPM) Market

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 2023. 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:

Remote Patient Monitoring (RPM) Market

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.

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 and investments, partnerships, collaborations, acquisitions, expansions, funding, grant, agreements, sales contracts, product testing, FDA approval, product approval, and alliances in the remote patient monitoring market during the forecast period.

 

Previous Versions of this Report

Remote Patient Monitoring Market by Product (Software, Services, Devices, Cardiology, Neurological, BP Monitors, Neonatal, Weight, Temperature, Neuro), End User (Providers, Hospitals, Clinics, Homecare, Patients, Payers) & Region - Global Forecast to 2027

Report Code HIT 7776
Published in Nov, 2023, By MarketsandMarkets™

Remote Patient Monitoring (RPM) Market by Product (Software, Services, Devices, Cardiology, Neurological, BP Monitors, Neonatal, Weight, Temperature, Neuro), End user (Providers, Hospitals, Clinics, Homecare, Patients, Payers) - Global Forecast to 2027

Report Code HIT 7776
Published in Mar, 2022, By MarketsandMarkets™

Remote Patient Monitoring (RPM) Market by Product (Software, Services, Devices, Cardiology, Neurological, BP Monitors, Neonatal, Weight, Temperature, Neuro), End user (Providers, Hospitals, Clinics, Homecare, Patients, Payers) - Global Forecast to 2027

Report Code HIT 7776
Published in Nov, 2020, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Remote Patient Monitoring (RPM) Market

Chad

Nov, 2021

Can you explain your reasoning around the projection of the $72.8 Billion Mkt for RPM in North America? Thanks.

Amber

Mar, 2022

Which are growth driving factors for the global growth of Remote Patient Monitoring Market?.

Willie

Mar, 2022

What will be the size of the Remote Patient Monitoring Market for the European region?.

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