The global Remote Patient Monitoring Market is expected to grow at a rate of 26.7% over the 2022-2028 forecast period.
Remote patient monitoring (RPM), a technology that allows patient monitoring in remote locations, other than in typical clinical settings. This technology could increase access and reduce healthcare costs. RPM is a continuous remote care model where a patient’s doctor monitors their health and provides ongoing support. RPM is a way for patients to maintain their independence and avoid complications. It also allows them to pay as little as possible for their care, which can significantly improve their quality-of-life. RPM can help patients achieve these goals by offering care via telephony. This type of patient monitoring is crucial for patients who are undergoing complex self-care procedures such as home hemodialysis. RPM has the primary benefit of early detection of disease, which reduces hospitalizations and hospital stays. Trend analysis of physiological parameter data, remote monitoring and other key benefits are also important. Doctors can still use basic communication tools such as Zoom, Snapchat and even landline phones, despite the fact that new technology is being developed to improve this type of healthcare. Remote Patient Monitoring technology has been shown to have better outcomes for patients and higher patient satisfaction. Telehealth ecosystems allow doctors to offer recommendations and provide care, while receiving health information. Experts point out that Remote patient monitoring will be more important as healthcare shifts away from a volume-focused to a value-focused approach.
Remote Patient Monitoring (RPM), a report that examines market segments by type, application, end user and region, provides forecasts for the future. This report provides detailed information about the industry’s profit and offers a SWOT analysis to analyze market trends, major rivals, as well as a study of the market geographically.
Key Market Participants:
BioTelemetry Inc. Koninklijke Philips N.V. Medtronic., GE Healthcare. Cerner Corporation. Siemens. Healthineers AG Germany. OMRON Healthcare. Boston Scientific Corporation. Abbott Laboratories.
Resideo Life Care Solutions, Vivify Health, Inc., ALTEN Calsoft Labs, Preventice Solutions, BioBeat, Technologies, VitalConnect, Welch Allyn.
(Note: For a complete list of important players, please visit the report page.
The Remote Patient Monitoring Market (RPM), which is based in North America, Europe and Latin America, has a regional overview.
The key factors driving regional market growth include the rising prevalence of chronic diseases, the demand for portable and wireless systems, as well as complex reimbursement schemes that can be used to lower out-of-pocket costs. Europe, especially the Western European countries, will continue to earn the second highest income over the forecast period. This can be attributed to the rising mortality rate and increasing demand for affordable medical care. The growth of the region is driven by several factors that have high impact, such as an increase in internal monitoring and central data management systems. RPM accuracy has also increased. The Asia Pacific region will see the highest projected CAGR due to India’s growing markets and China’s untapped potential.
Objectives for the Study:
- This report provides a detailed analysis on the Remote Patient Monitoring Market (RPM), by type, application, end user, region, and geography.
- To provide detailed statistics and data points about market-moving elements (drivers and opportunities)
- To assess and forecast micro-markets, as well as the whole market.
- Forecast market trends, size and overview in key regions, including North America, Europe and Asia Pacific.
- To keep up to date with the competitive environment (including new product launches and mergers and acquisitions) and to evaluate them.