Remote Patient Monitoring System Market Worth $16.9 Billion By 2030

The global remote patient monitoring system market was valued at USD 3.8 billion in 2021 and is projected to reach USD 16.9 billion by 2030 at CAGR of 18.3%. Factors such as the growth in geriatric population, advancements in telecommunications, increasing need for expansion of healthcare access, monetary benefits of telehealth, and RPM benefits to lower the burden on the medical resource, has a significant impact on the remote patient monitoring system market.

The increasing occurrence of chronic diseases with the rapidly growing population, and a demand to improve healthcare infrastructure, contribute to the overall market growth. It is a timesaving and money-saving initiative adopted by hospitals and clinics and is easily accessible from the patient’s home. Chronic illness management along with progress trackers and early warnings that the RPM system provides is expected to widen the demand for remote patient monitoring systems globally.

The COVID-19 pandemic impacted the market significantly with an increase in the demand for remote patient monitoring systems owing to the prevalence of chronic conditions, unavailability of access to hospitals, and demand for health surveillance from within the home, especially for elderly patients. These gadgets are also easy to use, smaller in size, easily portable, providing progress tracking, and early warnings.

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Remote Patient Monitoring System Market Report Highlights

• The market of Asia Pacific is expected to register a significant increase in CAGR during the forecasted period

• Due to the increase in cardiovascular diseases globally, the cardiac rhythm monitor segment is expected to register a highly increasing CAGR over the forthcoming years

• The largest share of the global market was registered by North America in 2021, followed by Europe

Remote Patient Monitoring System Market Report Segments

Remote Patient Monitoring System Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Vital Sign Monitors
        • Blood Pressure Monitors
        • Pulse Oximeters
        • Heart Rate Monitor (ECG)
        • Temperature Monitor
        • Respiratory Rate Monitor
        • Brain Monitoring (EEG)
    • Special Monitors
        • Anesthesia Monitors
        • Blood Glucose Monitors
        • Cardiac Rhythm Monitor
        • Respiratory Monitor
        • Fetal Heart Monitors
        • Prothrombin Monitors
        • Multi-Parameter Monitors (MPM)
        • Others

Remote Patient Monitoring System Application Outlook (Revenue, USD Million, 2018 - 2030)
    • Cancer
    • Cardiovascular Diseases
    • Diabetes
    • Sleep Disorder
    • Weight management and Fitness Monitoring
    • Bronchitis
    • Infections
    • Virus
    • Dehydration
    • Hypertension

Remote Patient Monitoring System End-Use Outlook (Revenue, USD Million, 2018 - 2030)
    • Hospital Based Patients
    • Ambulatory Patients
    • Home Healthcare

Remote Patient Monitoring System Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
    • Asia Pacific
        • China
        • Japan
        • India
        • Thailand
        • South Korea
    • Latin America
        • Mexico
        • Brazil
        • Argentina
        • Colombia
    • MEA
        • South Africa
        • Saudi Arabia
        • UAE

List of Key Players in Remote Patient Monitoring System Market
    • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
    • NIHON KOHDEN CORPORATION
    • Omron Corporation
    • OSI Systems, Inc.
    • Koninklijke Philips N.V.
    • F. Hoffmann-La Roche Ltd
    • Welch Allyn
    • Smiths Medical
    • Abbott
    • Boston Scientific Corporation
    • Dräger Medical
    • GE Healthcare
    • Honeywell
    • Johnson & Johnson
    • LifeWatch
    • Medtronic
    • Masimo
    • Vitls, Inc
    • CareValidate
    • Biotronik
    • American Telecare