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Remote patient monitoring, also referred to as remote physiologic monitoring or RPM, is a method of healthcare delivery that uses the latest advances in information technology to gather patient data outside of traditional healthcare settings. RPM can help keep people healthy, allow older and disabled individuals to live at home longer and avoid having to move into skilled nursing facilities. RPM can also serve to reduce the number of hospitalizations, readmissions, and lengths of stay in hospital-all of which help improve quality of life and contain costs. Gen Consulting Company predicts global remote patient monitoring market will grow from USD 2,168 million in 2020 to USD 5,458 million by 2027, achieving a CAGR of 14.1 percent, according to the latest edition of the Global Remote Patient Monitoring Market Report.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global remote patient monitoring market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments.
The remote patient monitoring market is segmented on the basis of component, application, end-user, and region. The remote patient monitoring market is segmented as below:
By component:
- devices (vital sign monitors, special monitors)
- services & software
By application:
- cardiovascular diseases treatment
- cancer treatment
- sleep disorder treatment
- diabetes treatment
- weight management & fitness monitoring
By end-user:
- hospitals and clinics
- ambulance
- homecare
- others
By region:
- region
- Asia Pacific
- Europe
- North America
- Middle East and Africa (MEA)
- South America
The report also provides a detailed analysis of several leading remote patient monitoring market vendors that include A&D Company, Limited, Abbott Laboratories, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Cerner Corporation, GE Healthcare, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden Corporation, OMRON Corporation, Resideo Technologies Inc. (Honeywell International Inc.), Siemens Healthineers AG, Welch Allyn, Inc., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2017 to 2027 considering 2020 to be the base year.
Scope of the Report
- To analyze and forecast the market size of the global remote patient monitoring market.
- To classify and forecast the global remote patient monitoring market based on component, application, end-user, and region.
- To identify drivers and challenges for the global remote patient monitoring market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global remote patient monitoring market.
- To identify and analyze the profile of leading players operating in the global remote patient monitoring market.
Why Choose This Report
- Gain a reliable outlook of the global remote patient monitoring market forecasts from 2021 to 2027 across scenarios.
- Identify growth segments for investment.
- Stay ahead of competitors through company profiles and market data.
- The market estimate for ease of analysis across scenarios in Excel format.
- Strategy consulting and research support for three months.
- Print authentication provided for the single-user license.