Remote Patient Monitoring Market to grow by USD 1,733.81 million between 2022 and 2027| The emergence of digital healthcare services and healthcare 4.0 drives the market
11 Aug 2023
NEW YORK, Aug. 11, 2023 /PRNewswire/ -- Technavio, a leading provider of industry news and insights, is pleased to announce its latest report on the Remote Patient Monitoring Market.
The report highlights the estimated growth and forecast for the market between 2022 and 2027, predicting an increase in market size of USD 1,733.81 million and a rise at a CAGR of 22.22%.
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Source: PRNewswire
Technavio has announced its latest market research report titled Global Remote Patient Monitoring Market 2023-2027
The Key drive such as the emergence of digital healthcare services, the concept of Healthcare 4.0, and the need for healthcare accessibility in remote areas. Integration of electronic devices, smartphones, and advanced medical technology is shaping the healthcare landscape, supported by the adoption of analytics, cloud computing, IoT, and AI. Mobile health is a prominent trend, delivering healthcare through mobile devices and addressing aging populations and chronic diseases.
The report provides a comprehensive insight into the market segmentation by product (vital signs and implantable), end-user (hospitals, ASCs, and home care), and geography (North America, Europe, Asia, and Rest of World (ROW)). This segmentation provides a comprehensive view of the market, encompassing diverse communication solutions and regions. Furthermore, it examines key trends shaping the companies landscape and identifies potential challenges faced by market players. To get insights into the key trends, download the sample report here!
The major Remote Patient Monitoring Market companies include Abbott Laboratories, Advantech Co. Ltd., Alten SA, Boston Scientific Corp., Caretaker Medical NA, Draegerwerk AG and Co. KGaA, Honeywell International Inc., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Napier Healthcare Solutions Pte Ltd. Nihon Kohden Corp. OMRON Corp., OSI Systems Inc. and OSP Labs.
These companies are actively implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches, to enhance their presence and competitiveness in Remote Patient Monitoring Market.
The global remote patient monitoring market is driven by the convergence of digital healthcare services, the emergence of Healthcare 4.0, and the imperative to extend healthcare access to remote areas. The integration of electronic devices, smartphones, and advanced medical technology is reshaping the healthcare landscape through innovations like analytics, cloud computing, IoT, and AI. The rising trend of mobile health addresses the needs of aging populations and those with chronic illnesses.
However, challenges persist due to inconsistent reimbursement policies. North America, with its heightened awareness and accelerated demand due to the COVID-19 pandemic, is set to be a significant contributor to this market's expansion.
Technavio provides a report that includes competitive intelligence, highlighting major players' key developments and growth strategies, enabling stakeholders to make informed decisions and stay competitive in the market. To buy the complete report on Remote Patient Monitoring Market, click here.
Below, are other reports you might be interested with:
Patient Monitoring Equipment Market: The Global Patient Monitoring Equipment Market size is estimated to grow at a CAGR of 8.48% between 2022 and 2027. The market size is forecast to increase by USD 20.39 billion. This report covers clinical mass market segmentation by end-user (hospitals, clinics, and ambulatory care services), type (bed-side patient monitoring equipment and remote patient monitoring equipment), and geography (North America, Europe, Asia, and the Rest of World (ROW)).
Multiparameter Patient Monitoring Equipment Market: The multiparameter patient monitoring equipment market size will decline by USD 1.51 billion during 2020-2024, and the market's growth momentum will decelerate during the forecast period. The report covers artificial intelligence (AI) in social media market segmentation by product (high-acuity monitors, mid-acuity monitors, and low-acuity monitors) and geography (North America, Europe, APAC, and ROW).
About Technavio:
Technavio is a trusted source for industry news and insights that help businesses stay ahead in today's competitive landscape. With a team of experienced analysts and researchers, we continuously scrutinize and evaluate the dynamic landscape of markets across the globe. Our comprehensive coverage, meticulous research methodologies, and pragmatic industry expertise have earned us the trust and reliance of a vast clientele, including over 100 esteemed Fortune 500 organizations.
SOURCE Technavio
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