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Remote Patient Monitoring Market Forecast Including Growth Factors, Types And Application By Regional Geography 2021

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Marnie Serrano

The global remote patient monitoring market is anticipated to reach a value of USD 1.9 billion by 2026, growing at a CAGR of 12.7% during the forecast period from 2020 to 2026. Remote patient monitoring refers to consistent monitoring of health parameters of patients during and post admission from distant locations. There devices are also often equipped with alert systems for prompt action and assistance to patients and care givers. These devices have been gaining popularity due to their proven capability in efficient management of chronic conditions such as cardiovascular diseases, diabetes, cancer and several other acute conditions. Growing prevalence of chronic diseases and increasing trend of home care of geriatric patients drives the growth of this market.

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Major players operating in the global remote patient monitoring market are Nihon Kohden Corporation, Omron Corporation, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., OSI Systems, Inc., Welch Allyn, F. Hoffmann-La Roche Ltd., Smiths Medical, ALTEN Calsoft Labs, Abbott, Boston Scientific Corporation, American TeleCare, Dräger Medical, Honeywell Life Care Solutions, GE Healthcare, Johnson & Johnson Services, Inc., Masimo, Medtronic Plc and LifeWatch.

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