According to SPER Market Research, The market for Remote Patient Monitoring Market is anticipated to increase at a CAGR of 34% from 2020 to 2027, reaching 177 billion. This market expansion is primarily attributable to the rising elderly population, the prevalence of chronic diseases, the need for increased healthcare access, the decline in healthcare prices and the strain placed on medical resources, as well as rising investments. Healthcare frauds and different regulatory frameworks, nevertheless, are anticipated to impede market expansion. Growth potential are provided by the high effectiveness of remote patient monitoring in containing contagious diseases.
Market data is provided by type (software, services, and devices) and end user in the global remote patient monitoring market report (providers, payers, patients and other end users). Additionally, the study assesses market rivals and conducts regional and national
Global Remote Patient Monitoring Market Overview (2022-2027)
- Forecast CAGR (2022-2030): 34%
- Forecast Market Size (2030): 177 billion
The market for remote patient monitoring by type was dominated by the device segment in 2020. This market segment’s significant market share can be due to a rise in the demand for remote monitoring devices for tracking vitals in different nations. The COVID-19 epidemic has increased demand for linked gadgets. In terms of end users, providers dominated the market for remote patient monitoring in 2020. The high proportion of this market is primarily ascribed to technical improvements, bettering remote monitoring services, and geriatric and chronically sick patients’ increasing acceptance of remote patient monitoring.
Global Remote Patient Monitoring Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Software and Services
By End User:
- Remote Patient Monitoring Market
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Remote Patient Monitoring Market Key Players:
The Global Remote Patient Monitoring Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; 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.
SPER Market Research
Varsha Shrivastav, Business Consultant – U.S.A.