Remote Patient Monitoring (RPM) - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Remote Patient Monitoring (RPM) Market is accounted for $16.54 billion in 2019 and is expected to reach $195.91 billion by 2027 growing at a CAGR of 36.2% during the forecast period. Advancements in telecommunications and increasing investments in telehealth & remote patient monitoring are the major factors propelling the market growth. However, informal usage of social media practices is hampering the market growth.
Remote patient monitoring (RPM) is a technology used to collect medical and health-related data from individuals at one location and electronically transmit it to a healthcare provider at another location. RPM is used to remotely monitor and analyze physiological parameters such as blood oxygen levels, vital signs, blood pressure, heart rate, and blood sugar, which improves the quality of care, quality of life, and allows early prediction of aggravations and exacerbations. This reduces the number of emergency department visits and the duration of hospitalization.
Based on the condition, the diabetes segment is estimated to have a lucrative growth during the forecast period owing to the increasing prevalence of diabetes and rising awareness over the availability of different treatment procedures for diabetes, even in rural areas. By geography, Asia Pacific is going to have a huge demand during the forecast period due to rising health concerns, increased healthcare investment, growing population, and flourishing medical tourism industry in countries like Japan and India.
Some of the key players profiled in the Remote Patient Monitoring (RPM) Market include Abbott Laboratories, Vitalconnect, Bio-Beat Technologies, Biotelemetry, Inc., Boston Scientific Corporation, Cerner Corporation, Dexcom, Inc., GE Healthcare, Irhythm Technologies, Koninklijke Philips, Medtronic, Vivalnk Inc, Preventice Solutions, Resideo Life Care Solutions, Siemens Healthineers Ag, Teladoc Health Inc., and Vivify Health, Inc.
• Blood Pressure
• Chronic Obstructive Pulmonary Disease (COPD)
• Congestive Heart Failure (CHF)
• Mental Health
• Services & Software
• Cancer Treatment
• Cardiovascular Diseases
• Sleep Disorder and Weight Management
• Fitness Monitoring
• Neurological Disorders
• Respiratory Disorders
• Diabetes Treatment
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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