The global remote patient monitoring systems market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2022-2028). The market is anticipated to grow due to various new technologies developments, adoption, and launches in the market such as balloon wearables, glucometers, blood pressure cuffs, and others are factors that are propelling the remote patient monitoring systems market growth. Furthermore, key companies operating in the industry are highly inclined towards the adoption of various new technology-based products.
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Moreover, companies are also adopting different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance,
- In February 2022, Apollo Hospitals launched – Automaid, a smart in-patient room automation system for remote patient monitoring and triaging. It is an AI-powered triaging system that allows health staff to track all patients’ conditions on a single monitor or in a mobile app.
- In October 2021, Honeywell International Inc., launched Real-Time Health Monitoring System (RTHMS), to enhance healthcare worker productivity, improve care delivery, and enable process efficiency. This RTHMS in development has used advanced sensing technology to capture the vital parameters of patients and transmits them to the health analytics dashboard.
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- in August 2021, Qardio has launched end-to-end remote patient monitoring (RPM) and telehealth service that is named as QardioDirect which offers RPM service to patients as well as doctors and with it helps patients can record and measure a wide range of physiological parameters.
- In April 2021, OMRON Healthcare launched “Hypertension Plus” in Uk it is developed to help NHS clinicians in managing patients’ medication plan remotely. It is remote patient monitoring (RPM) platform for hypertension to reduce blood pressure through self-management and remote adjustment and helps in relieving pressure on the healthcare systems.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Device Type
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Boston Scientific Corp., Caretaker LLC., General Electric Co., Honeywell International Inc., Koninklijke Philips N.V., Qualcomm Technologies, Inc., Siemens Healthcare GmbH, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Remote Patient Monitoring Systems Market Report Segment
By Device Type
- Heart Monitors
- Breath Monitors
- Hematology Monitors
- Multi-parameter Monitors
- Other
By Application
- Cancer Treatment
- Cardiovascular Diseases
- Diabetes Treatment
- Sleep Disorder
- Weight Management and Fitness Monitoring
- Other
By End-User
- Home Care Settings
- Hospitals/Clinics
- Other
