Global Remote Patient Monitoring Market Size, Share and Trends – 2021 to 2026

Global Remote Patient Monitoring Market Size, Share and Trends - 2021 to 2026

Remote patient monitoring (RPM) is an ambulatory healthcare system that uses digital technology to acquire medical and other health data about patients outside healthcare establishments.

Market Overview

The Market report has segmented the market on the basis of device type, application, end-use and geography.

Segmentation

• Breakup by Device Type
• Blood Pressure Monitor
• Glucose Monitor
• Heart Rate Monitor

Breakup by Application

• Cardiovascular Diseases Treatment and Monitoring
• Diabetes Treatment
• Sleep Disorder Treatment

Breakup by End-Use

• Hospitals and Clinics
• Research Center
• Home Care

Breakup by Geography

• North America (U.S. & Canada)
• Europe
• Asia Pacific
• Middle East & Africa

The global Remote Patient Monitoring (RPM) market size was valued at US$ 23.6 Billion in 2021 and is projected to reach US$ 118.5 Billion by 2027

Key Market Trends

• According to the Center for Disease Control and Prevention (CDC), chronic diseases account for 90% of the total healthcare costs in the United States annually.
• Heart diseases and stroke cost the healthcare system approximately $199 billion per year in the United States.
• According to the Federal Communications Commission (FCC), the healthcare industry could save $700 billion in the next 15 to 20 years with the use of remote patient monitoring technology.
• A near real-time Health Monitoring System for Remote Cardiac Patients Using Smartphone and Wearable Sensors.

Growth Factors

Reduction in expenditure

Remote patient monitoring enhances the overall reach and access of healthcare while reducing unnecessary visits to the hospitals for diagnosis, treatment, and admission.

Restraints

Resistance and Fraud

Many healthcare professionals are resisting the remote patient monitoring system as the dependency of the patients on them will reduce which may affect their professional growth.

Competitive Insights

The players in the Remote Patient Monitoring Market are implementing various growth strategies to gain a competitive advantage over their competitors in this market.

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