According to the new market research report “Remote Patient Monitoring Market by Product (Software, Services, Devices, Cardiology, Neurological, Blood Glucose, Neonatal, Weight, Temperature, Neuro) End User (Providers, Hospitals, Clinics, Home Care, Patients, Payers) – Global Forecast to 2025″, published by MarketsandMarkets™, the global RPM Market size is projected to reach USD 117.1 billion by 2025 from USD 23.2 billion in 2020, at a CAGR of 38.2% between 2020 and 2025.
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149 – Tables
34 – Figures
189 – Pages
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The rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth and remote patient monitoring, benefits of RPM to reduce the burden on medical resources, advancements in telecommunications, growing incidences of chronic diseases, and increasing investments in telehealth and RPM are the major factors driving the growth of this market. However, the regulatory variations across regions, healthcare fraud, and informal usage of social media practices is expected to restrain the market growth during the forecast period.
Software and services to dominate the remote patient monitoring market in 2019
Based on the product, the RPM Market is segmented into software & services and devices. The software and services segment accounted for the largest share of the global market in 2019. The large share of this segment is mainly due to the increasing reimbursement for RPM programs and the rising number of chronic illnesses, thus leading to the growing adoption of RPM services across the globe.
Providers segment accounted for the largest share of the remote patient monitoring market, by end user, in 2019
Based on end users, the global market is broadly segmented into providers, payers, patients, and other end users. The providers’ segment accounted for the largest share of the global market in 2019. This can be attributed to the increased adoption of remote monitoring in chronically ill and old aged patients, advancements in RPM monitoring devices, and the increasing number of RPM services offered by providers.
North America is the largest regional market for remote patient monitoring in 2019
In 2019, North America accounted for the largest share of the remote patient monitoring market, followed by Europe. The large share of North America in the RPM Market can be attributed to the rising prevalence of chronic conditions, the need to reduce healthcare expenditure, and the increasing overall & geriatric population.
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Prominent players in the remote patient monitoring market are BioTelemetry Inc. (US), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers AG Germany, OMRON Healthcare (Japan), Boston Scientific Corporation (US), Abbott Laboratories (US), Resideo Life Care Solutions (US), Vivify Health, Inc. (US), ALTEN Calsoft Labs (France), Preventice Solutions (US), Bio-Beat Technologies (Israel), VitalConnect (US), Welch Allyn (US), Teladoc Health Inc. (US), Dexcom Inc. (US), iRhythm Technologies, Inc. (US), and VivaLNK Inc. (US).
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Remote Patient Monitoring Market worth $117.1 billion by 2025
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.
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.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3234The 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 suggestThe remote heart rate monitor gives information on heart rate and sends results to the webserver.
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.
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.Browse Complete Report “Remote Patient Monitoring Market Market” @ https://www.reportsanddata.com/report-detail/remote-patient-monitoring-marketFor 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 MonitorsPulse OximetersTemperature MonitorBrain Monitoring (EEG)Blood Pressure MonitorsHeart Rate Monitor (ECG)Respiratory Rate MonitorSpecial MonitorsBlood Glucose MonitorsRespiratory MonitorAnesthesia MonitorsCardiac Rhythm MonitorFetal Heart MonitorsMulti-Parameter Monitors (MPM)Prothrombin MonitorsOthersApplication Outlook (Revenue, USD Billion; 2017-2027)Cardiovascular DiseasesCancerSleep DisordersDiabetesWeight management and Fitness MonitoringInfectionsBronchitisDehydrationVirusHypertensionEnd-Use Outlook (Revenue, USD Billion; 2017-2027)Hospital-based patientsHome HealthcareAmbulatory PatientThe 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.
According to IMARC Group’s latest report, titled “Remote Patient Monitoring Market Share: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” Looking forward, IMARC Group expects the global remote patient monitoring market to continue its strong growth during the next five years.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.
This information is then sent to healthcare professionals with the help of telehealth software applications installed on computers, smartphones or other hand-held devices to monitor the condition and improve the quality of care given to patients.Request for a free sample copy of this report: https://www.imarcgroup.com/remote-patient-monitorning-market/requestsampleMarket Trends:The market is primarily driven by the sudden outburst of the highly contagious coronavirus disease (COVID-19).
Healthcare providers worldwide are using RPM systems to track patients with moderate COVID-19 symptoms and offer prompt hospital-based care.
This helps to free up hospital resources for treating more critical patients.
Besides this, the rising incidences of cardiovascular diseases, along with the increasing geriatric population, which is more susceptible to chronic conditions, is also boosting the demand for RPM.
Furthermore, the introduction of innovative devices, improving healthcare infrastructure and rapid technological advancements are expected to create a significant impact on the market growth in the coming years.Remote Patient Monitoring Market 2020-2025 Analysis and Segmentation:The report has segmented the market on the basis of device type, application, end-use and region.Breakup by Device Type:Blood Pressure MonitorGlucose MonitorHeart Rate MonitorPulse OximetersRespiratory MonitorOthersBreakup by Application:Cancer TreatmentCardiovascular Diseases Treatment and MonitoringDiabetes TreatmentSleep Disorder TreatmentWeight Management and Fitness MonitoringOthersBreakup by End-Use:Hospitals and ClinicsHomecare SettingsOthersExplore full report with table of contents: https://www.imarcgroup.com/remote-patient-monitorning-marketBreakup by Region:North AmericaUnited StatesCanadaAsia PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and AfricaCompetitive Landscape:The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these key players include:Abbott LaboratoriesAMD Global Telemedicine Inc.BIOTRONIK SE & Co. KGBoston Scientific CorporationDexcom, Inc.GE Healthcare Inc. (Danaher Corporation)Honeywell International Inc.Koninklijke Philips N.V.Medtronic Inc.Nihon Kohden CorporationOSI Systems Inc.Roche Holding AGBrowse Related Report:https://www.imarcgroup.com/artifical-intelligence-healthcare-markethttps://www.imarcgroup.com/positron-emission-tomography-marketAbout UsIMARC Group is a leading market research company that offers management strategy and market research worldwide.
The new research report titled "Remote Patient Monitoring Products Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the remote patient monitoring products market include 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.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Remote Patient Monitoring Products Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/remote-patient-monitoring-products-market/download-sampleMarket DynamicsRemote patient monitoring offers ease and comfort to the patient, helps in continuous monitoring of the patient, and offers provides real-time data; hence the demand remote patient monitoring products is augmenting rapidly.
The prominent factors that are fuelling the market include growing adoption for telehealth due to the COVID-19 pandemic and increasing the application of smart technology in the healthcare system.
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.
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.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3234The 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 suggestThe remote heart rate monitor gives information on heart rate and sends results to the webserver.
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.
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.Browse Complete Report “Remote Patient Monitoring Market Market” @ https://www.reportsanddata.com/report-detail/remote-patient-monitoring-marketFor 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 MonitorsPulse OximetersTemperature MonitorBrain Monitoring (EEG)Blood Pressure MonitorsHeart Rate Monitor (ECG)Respiratory Rate MonitorSpecial MonitorsBlood Glucose MonitorsRespiratory MonitorAnesthesia MonitorsCardiac Rhythm MonitorFetal Heart MonitorsMulti-Parameter Monitors (MPM)Prothrombin MonitorsOthersApplication Outlook (Revenue, USD Billion; 2017-2027)Cardiovascular DiseasesCancerSleep DisordersDiabetesWeight management and Fitness MonitoringInfectionsBronchitisDehydrationVirusHypertensionEnd-Use Outlook (Revenue, USD Billion; 2017-2027)Hospital-based patientsHome HealthcareAmbulatory PatientThe 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.
According to IMARC Group’s latest report, titled “Remote Patient Monitoring Market Share: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” Looking forward, IMARC Group expects the global remote patient monitoring market to continue its strong growth during the next five years.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.
This information is then sent to healthcare professionals with the help of telehealth software applications installed on computers, smartphones or other hand-held devices to monitor the condition and improve the quality of care given to patients.Request for a free sample copy of this report: https://www.imarcgroup.com/remote-patient-monitorning-market/requestsampleMarket Trends:The market is primarily driven by the sudden outburst of the highly contagious coronavirus disease (COVID-19).
Healthcare providers worldwide are using RPM systems to track patients with moderate COVID-19 symptoms and offer prompt hospital-based care.
This helps to free up hospital resources for treating more critical patients.
Besides this, the rising incidences of cardiovascular diseases, along with the increasing geriatric population, which is more susceptible to chronic conditions, is also boosting the demand for RPM.
Furthermore, the introduction of innovative devices, improving healthcare infrastructure and rapid technological advancements are expected to create a significant impact on the market growth in the coming years.Remote Patient Monitoring Market 2020-2025 Analysis and Segmentation:The report has segmented the market on the basis of device type, application, end-use and region.Breakup by Device Type:Blood Pressure MonitorGlucose MonitorHeart Rate MonitorPulse OximetersRespiratory MonitorOthersBreakup by Application:Cancer TreatmentCardiovascular Diseases Treatment and MonitoringDiabetes TreatmentSleep Disorder TreatmentWeight Management and Fitness MonitoringOthersBreakup by End-Use:Hospitals and ClinicsHomecare SettingsOthersExplore full report with table of contents: https://www.imarcgroup.com/remote-patient-monitorning-marketBreakup by Region:North AmericaUnited StatesCanadaAsia PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and AfricaCompetitive Landscape:The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these key players include:Abbott LaboratoriesAMD Global Telemedicine Inc.BIOTRONIK SE & Co. KGBoston Scientific CorporationDexcom, Inc.GE Healthcare Inc. (Danaher Corporation)Honeywell International Inc.Koninklijke Philips N.V.Medtronic Inc.Nihon Kohden CorporationOSI Systems Inc.Roche Holding AGBrowse Related Report:https://www.imarcgroup.com/artifical-intelligence-healthcare-markethttps://www.imarcgroup.com/positron-emission-tomography-marketAbout UsIMARC Group is a leading market research company that offers management strategy and market research worldwide.
The new research report titled "Remote Patient Monitoring Products Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the remote patient monitoring products market include 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.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Remote Patient Monitoring Products Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/remote-patient-monitoring-products-market/download-sampleMarket DynamicsRemote patient monitoring offers ease and comfort to the patient, helps in continuous monitoring of the patient, and offers provides real-time data; hence the demand remote patient monitoring products is augmenting rapidly.
The prominent factors that are fuelling the market include growing adoption for telehealth due to the COVID-19 pandemic and increasing the application of smart technology in the healthcare system.