Remote Patient Monitoring Market Analysis and Projection, Application, and Region - Global Forecast to 2027

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2027. T

An improvement in the healthcare sector in developing nations and advancement in technology, along with support from the government, has driven the demand for the market.

Market Size – USD 786.4 Million in 2019, Market Growth - CAGR of 14.1%, Market Trends –Surge in incidence of coronavirus.

 The global Remote Patient Monitoring Market is forecast to reach USD 2.14 Billion by 2027, according to a new report by Reports and Data. The market in the past few years has witnessed an increase in demand owing to the growing penetration of the internet and the emergence of advanced technologies in the healthcare sector. Digital health has developed into a successful business, attracting several industries from the outside of healthcare.

Various factors have contributed to the growth of the industry. One of the major drivers for growing demand has been rapid technological advancements in different industries like artificial intelligence, which has, in turn, contributed to the growth of this industry. Apart from technological advancements, applicability, and convenience associated with the use of this service, have also acted as a significant contributing factor for this industry.

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The report provides a complete analysis of the global Remote Patient Monitoring Market market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.

Further key findings from the report suggest

  • The remote heart rate monitor gives information on heart rate and sends results to the webserver. From the web, anyone can monitor the physical status of the patient. The system can monitor heart rates from remote places. With tools like the Apple Watch and Fitbit, people are able to monitor vital health data from anywhere in the world.
  • The expansion of remote cardiac monitoring has been boosted due to various driving factors. One of the significant reasons for the adoption of this system is the increase in the rate of obesity, which results in cardiovascular diseases [CVD]. Due to the rise in the rate of occurrence of CVD, remote cardiac monitoring services are becoming increasingly relevant for the healthcare sector, which is turning out to be a significant driving factor for this industry.
  • A vast majority, approximately 88% of hospitals have invested in remote patient monitoring technologies as part of their transition to a value-based care model. The hospitals are unable to deal with the increasing number of patients suffering from coronavirus, and remote patient monitoring can help doctors monitor more patients as compared otherwise.
  • Nearly 1800 hospitals use mobile applications to treat patients. Less than 25% of hospitals in the country currently leverage mobile applications to interact and monitor the patients, whereas more than 80% or 6400 hospitals report using patient portal software. North America dominated the market, with a share of 38.3% in the year 2019.

The key companies profiled in the market are:

Abbott Laboratories, GE Healthcare, Omron Corporation, Medtronic PLC, Boston Scientific Corporation, Biotronik SE Co. KG, Nihon Kohden Corporation, General Electric Company, Masimo Corporation, and Johnson and Johnson.

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For the purpose of this report, Reports and Data have segmented the global Remote Patient Monitoring Market on the basis of product, application, end-use, and region:

 Product Outlook (Revenue, USD Billion; 2017-2027)

  • Vital Sign Monitors
    • Pulse Oximeters
    • Temperature Monitor
    • Brain Monitoring (EEG)
    • Blood Pressure Monitors
    • Heart Rate Monitor (ECG)
    • Respiratory Rate Monitor
  • Special Monitors
    • Blood Glucose Monitors
    • Respiratory Monitor
    • Anesthesia Monitors
    • Cardiac Rhythm Monitor
    • Fetal Heart Monitors
    • Multi-Parameter Monitors (MPM)
    • Prothrombin Monitors
    • Others

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Cardiovascular Diseases
  • Cancer
  • Sleep Disorders
  • Diabetes
  • Weight management and Fitness Monitoring
  • Infections
  • Bronchitis
  • Dehydration
  • Virus
  • Hypertension

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  • Hospital-based patients
  • Home Healthcare
  • Ambulatory Patient

The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Remote Patient Monitoring Market market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East Africa.

In-depth regional analysis covers:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • BENELUX
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East Africa
  • Saudi Arabia
  • A.E.
  • Rest of MEA

The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.

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Highlights of the TOC:

  1. Report Overview

1.1 Research Scope

1.2 Key Remote Patient Monitoring Market market segments

1.3 Major players

1.4 Market analysis by product

1.5 Market analysis by application

1.6 Report timeline

  1. Global Growth Trends

2.1 Global Remote Patient Monitoring Market market size

2.2 Latest Remote Patient Monitoring Market market trends

2.3 Key growth trends

  1. Competitive Landscape

3.1 Global Remote Patient Monitoring Market market key players

3.2 Global Remote Patient Monitoring Market size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Remote Patient Monitoring Market market

3.5 Mergers, acquisitions, joint ventures, and strategic alliances

About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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