Dublin, April 17, 2025 (GLOBE NEWSWIRE) -- The "Remote Patient Monitoring (RPM) Market by Offering (Software, Integrated Device), Device (Wearable, Implants, Handheld), Function (Cardiac, Glucose, Multiparameter), Application (Diabetes, Cardio, Neuro), End User, & Region - Global Forecast to 2030" has been added to ResearchAndMarkets.com's offering.
The global remote patient monitoring market is set to expand to USD 56.94 billion by 2030 from USD 27.72 billion in 2024, boasting a CAGR of 12.7% from 2024 to 2030. This impressive growth can be attributed to rising hospital-acquired infections (HAIs) such as bloodstream infections and pneumonia, necessitating solutions that manage risks remotely. Furthermore, an increase in chronic conditions like cardiovascular diseases and diabetes highlights the demand for effective remote monitoring technologies.
In the U.S., healthcare costs push adults to struggle with affording prescription drugs and medical visits, underscoring the potential growth for remote patient monitoring as a cost-efficient alternative. Cloud-based deployment emerges as the fastest-growing segment in the market due to advantages like seamless data integration, accessibility, low maintenance costs, and enhanced security.
North America led the remote patient monitoring market in 2023, driven by the adoption of advanced healthcare technologies and a strong infrastructure. The demand for home healthcare solutions continues to rise, alongside a reported more than tenfold increase in Medicare enrollees using remote patient monitoring from 55,000 in 2019 to 570,000 in 2022.
The research covers detailed analysis on these major players, examining market strategies, company profiles, and recent developments. Participants are classified by company type - Tier 1: 40%, Tier 2: 35%, Tier 3: 25%; designation - C-level: 35%, Director-level: 40%, Others: 25%; and region - North America: 45%, Europe: 30%, Asia Pacific: 20%, Latin America: 3%, Middle East & Africa: 2%.
Research Coverage
This report categorizes the remote patient monitoring market by component, product type, software deployment, transmission type, and services, covering various indications including oncology, cardiology, diabetes, and respiratory diseases. It also evaluates diverse end users like healthcare providers, payers, medTech companies, and more across regions.
The analysis provides insight into market influencers such as drivers, restraints, challenges, and opportunities, alongside a competitive overview of startups entering the market ecosystem. The report serves as a crucial tool for stakeholders to understand market dynamics, improve positioning strategies, and leverage growth opportunities.
Reasons to Buy This Report
- Gain insights on market drivers like digital innovation, telehealth expansion, and the rising prevalence of chronic diseases.
- Understand challenges posed by data security issues, regulatory hurdles, and barriers to healthcare affordability.
- Discover new opportunities in AI, outpatient care, and infection management.
- Stay informed about technological advancements and product developments within the industry.
- Evaluate market shares, strategies, and services of leading companies to refine business strategies.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 396 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $27.72 Billion |
| Forecasted Market Value (USD) by 2030 | $56.94 Billion |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Transformation of Patient Care Through Digital Innovation
- Expansion of Telehealth in Remote Patient Monitoring
- Rising Prevalence of Chronic Diseases
- Increasing Geriatric Population and Rising Uptake of RPM Services
- Growing Need for Cost-Containment Across Healthcare Facilities
- Technological Innovation in Wearables, mHealth Apps, and Connected Devices
Challenges
- High Investments and Lack of IT Expertise
- Behavioral Barriers and Healthcare Affordability Challenges in Remote Patient Monitoring
- Challenges Associated with 2024 CMS Regulations
- Concerns Associated with Data Security
- Data Accessibility Issues
- Incorporation of SDOH Factors into RPM Programs
Opportunities
- Emergence of AI & ML
- Gradual Shift Toward Outpatient Care Environments
- Increasing Utilization for Infectious Disease Diagnostics
- Rising Initiatives for Hospital-At-Home Programs
Industry Trends
- Revenue Shifts and New Revenue Pockets for Remote Patient Monitoring Market
- Gradual Shift to Value-based & Patient-Centric Care
Case Studies
- Remote Patient Monitoring Portal Automation
- Patient Monitoring Portal Automation
Company Profiles
- Koninklijke Philips N.V.
- Omron Healthcare, Inc. (Subsidiary of Omron Corporation)
- Medtronic
- GE Healthcare
- Abbott
- Oracle
- Boston Scientific Corporation
- Nihon Kohden Corporation
- Siemens Healthineers AG
- Baxter
- Biobeat
- Biotronik
- Vitalconnect
- Vivalnk, Inc.
- Cleararch, Inc.
- Optum, Inc. (Vivify Health, Part of Optum)
- Blue Spark Technologies, Inc.
- Lightbeam
- Cloud Diagnostics Canada Ulc
- Teladoc Health, Inc.
- Guangdong Transtek Medical Electronics Co. Ltd.
- Other Players
- Caresimple Inc.
- Timedoc, Inc.
- Md Revolution Inc.
- Optimize Health, Inc.
- Health Recovery Solutions
For more information about this report visit https://www.researchandmarkets.com/r/iusovf
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