Remote Patient Monitoring System Market Size, Share & Trends Analysis Report By Product, By End Use, By Application And Segment Forecasts From 2022 To 2030

Report ID: MN17620353  |  Published: October 2022  |  No of Pages: 172
Format: Electronic (PDF)  |  Industry: Medical Devices

The global remote patient monitoring system market was valued at USD 3.8 billion in 2021 and is projected to reach USD 16.9 billion by 2030 at a CAGR of 18.3%. Predominant factors determining the market growth include the growing geriatric population, advancements in telecommunications, increasing need for expansion of healthcare access, monetary benefits of telehealth, and RPM benefits to lower the burden on the medical resource. The increasing occurrence of chronic diseases with the rapidly growing population, and a demand to improve healthcare infrastructure, contribute to the overall market growth.  

Remote patient monitoring collects extensive health including clinical data, current health status, and patient registry transmitted to the healthcare provider through digital technologies. The increase in disposable income especially in developed and developing countries is a driving factor for the market. Additionally, it saves time and money on hospitalization and care and is easily accessible from the patient’s home.

The COVID-19 pandemic affected the remote patient monitoring system market significantly, amid cost-effective treatment and the increasing prevalence of chronic conditions. The COVID-19 pandemic stimulated the demand for remote patient monitoring devices and services owing to the overflow of infected COVID-19 patients in hospitals. Additional obstructions like constraints on undertaking a few major surgeries enhanced the demand for such devices, ultimately contributing to the market expansion.

A major drawback of the remote patient monitoring system market highlight the growing prevalence of fraud in the healthcare sector, especially in telehealth and telemedicine practices. For instance, the account details of the physicians remains vulnerable to hackers and data thefts. In addition, phishing and scamming such as payment requests for medical billing from unknown sources has been constraining the market growth.

The markets within Asia Pacific include countries like South Korea, China, and Thailand that have witnessed a growing prevalence of chronic diseases due to the changing lifestyle is projected to become a key revenue generator in the forthcoming years. Remote patient monitoring gadgets are portable owing to their smaller and more convenient size, which helps in home-based monitoring, and hence, are highly in demand. The advanced chronic illness management that the remote patient monitoring system provides together with early warning and progress trackers is projected to globally enhance the demand for remote patient monitoring systems.

Remote Patient Monitoring System Market Report Key Takeaways

  • The largest share of the remote patient monitoring system market was registered by North America in 2021, followed by Europe
  • Owing to the growing cardiovascular conditions globally, the cardiac rhythm monitor segment is predicted to register an increasing CAGR during the forecasted period
  • Japan in this region is projected to register a high revenue share due to its large old age (65+) population
  • Medical firms invested hugely during the COVID-19 pandemic by collaborating, acquiring, and partnering with the new startups
  • Smith Medical, US, reported that the monitoring devices demand witnessed a surge during the pandemic
  • Philips and BioIntelliSense, in 2021 formed a collaboration for RPM solutions’ enhancements


Remote Patient Monitoring System Market Segments

  • Remote Patient Monitoring System Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Vital Sign Monitors
      • Blood Pressure Monitors
      • Pulse Oximeters
      • Heart Rate Monitor (ECG)
      • Temperature Monitor
      •  Respiratory Rate Monitor
      •  Brain Monitoring (EEG)
    • Special Monitors
      • Anesthesia Monitors
      • Blood Glucose Monitors
      • Cardiac Rhythm Monitor
      • Respiratory Monitor
      • Fetal Heart Monitors
      • Prothrombin Monitors
      • Multi Parameter Monitors (MPM)
      • Others
  • Remote Patient Monitoring System Application Outlook (Revenue, USD Million, 2018 - 2030)
    • Cancer
    • Cardiovascular Diseases
    • Diabetes
    • Sleep Disorder
    • Weight management and Fitness Monitoring
    • Bronchitis
    • Infections
    • Virus
    • Dehydration
    • Hypertension
  • Remote Patient Monitoring System End-Use Outlook (Revenue, USD Million, 2018 - 2030)
    • Hospital Based Patients
    • Ambulatory Patients
    • Home Healthcare
  • Remote Patient Monitoring System Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
      • Thailand
      • South Korea
    • Latin America
      • Mexico
      • Brazil
      • Argentina
      • Colombia
    • MEA
      • South Africa
      • Saudi Arabia
      • UAE
  • List of Key Players in Remote Patient Monitoring System Market 
    • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
    • Omron Corporation
    • OSI Systems, Inc.
    • Koninklijke Philips N.V.
    • F. Hoffmann-La Roche Ltd
    • Welch Allyn
    • Smiths Medical
    • Abbott
    • Boston Scientific Corporation
    • Dräger Medical
    • GE Healthcare
    • Honeywell
    • Johnson & Johnson
    • LifeWatch
    • Medtronic
    • Masimo
    • Vitls, Inc
    • CareValidate
    • Biotronik
    • American Telecare
What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
Connect With Expert
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service

Get a Free Sample

FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...