Key Highlights
• The market for remote patient monitoring has been expanding consistently. One of the key reasons influencing the market for RPM (remote patient monitoring) globally is a movement in healthcare service providers' preferences towards value-based care. RPM provides for the secure communication of patient vital information with the healthcare provider via a mobile app and a Bluetooth-enabled glucose metre and (Blood Pressure Monitor). With the help of these technology, patients may take a far more active role in maintaining their health while saving money on nursing and medical care.
• The market for remote patient monitoring was valued at USD 28.69 Billion in 2022, and by 2032, it is expected to have grown to USD 55.75 Billion, with a 16.11% CAGR during 2023 till 2032.
• In April’22 the Singapore-based company BUZUD, Fosun Trade Medical Device, introduced two new medical products: the BUZUD Multi-Parameter Monitor (MPM), which is intended to simplify medical monitoring and aid healthcare professionals in providing an increased standard of care for their patients, or the BUZUD PulseBit EX, a wearable electrocardiogram (ECG) monitor that makes heart care for heart patients convenient and affordable. Such launches are anticipated to accelerate the market segment's growth.
• The market is primarily being driven by the rising prevalence of chronic diseases as a result of lifestyle modifications, the rise in the number of elderly people, and the rising demand for home monitoring devices with rising demand in Ambulatory healthcare that enables patients to do a routine test on a mobile medical device and transmit the test results to a healthcare professional in real time.
Scope of the Industry Profile
Key Players
• Teladoc Health, Inc.
• Medtronic Plc.
• GE Healthcare
• Siemens Healthineers AG
• Philips Healthcare
• Caretaker Medical
• OMRON Healthcare
• BioIntelliSense
• Shenzhen Mindray
• Bio-Medical Electronics Co., Ltd.
• Nihon Kohden Corporation
• F. Hoffmann-La Roche Ltd
• Welch Allyn
• Smiths Medical
• Abbott
• Boston Scientific Corporation
• Honeywell
• Johnson & Johnson
• LifeWatch
• Medtronic.
Segmentation
By Component
• Services & Software
• Devices
o Cardiac Monitoring Devices
o Neurological Monitoring Devices
o Respiratory Monitoring Devices
o Multiparameter Monitoring Devices
o Blood Glucose Monitoring Devices
o Fetal & Neonatal Monitoring Devices
o Weight Monitoring Devices
o Other Monitoring Devices
By End User
• Providers
o Hospitals and Clinics
o Home Care Settings and Long-Term Care Centres
o Ambulatory Care Centres
o Other End Users
o Passive Exoskeletons
• Payers
• Patients
• Other End Users
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Remote Patient Monitoring market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Remote Patient Monitoring market.
3. Leading company profiles reveal details of key Remote Patient Monitoring market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Remote Patient Monitoring market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Developments
• May’22 - In collaboration with Health Recovery Solutions, Novant Health unveiled a remote patient monitoring system. With ambitions to include additional clinical populations in the upcoming years, the cooperation was initially established with a pilot programme targeted at bariatric patients.
• July’22 - The Sleepiz One+ contactless respiratory & heart rate tracking gadget has been registered with the US Food & Drug Administration (FDA) by the Swiss medical technology company Sleepiz. The FDA listing made it possible for Sleepiz to market its remote patient monitoring & clinical trial solution in the US.
• Sept’22 - A novel remote care management programme has been introduced by Watertown Regional Medical Centre (WRMC) for patients with long-term diseases like heart failure and hypertension.
• Feb’22 - A advanced in-patient room automation programme called Automaid was unveiled by Healthnet Global, an Apollo Hospitals company, and is capable of triaging and monitoring patients remotely.
Segment Insights
• By value share, the services category would rule the market. The COVID-19 pandemic raised the need for remote patient monitoring services, which helped the sales increase. In addition, the dominance for remote patient monitoring solutions for monitoring blood sugar levels, cardiac surveillance, and other vital signs in the worldwide market has been significantly influenced by Innovations in technology & novel product releases by major rivals.
• Due to the company's endeavours in patient-centric techniques to efficiently manage chronic illnesses, the devices category is anticipated to rise significantly during the projected period.
• Due to a bigger population using glucose monitoring devices to measure their daily glucose levels, blood glucose monitoring is anticipated to rise at a quicker CAGR. Global smartphone adoption has increased as a result of gadget upgrades that increase their technological capabilities.
Regional Insights
• In 2022, North America had the largest revenue share globally and dominated the market. Due to factors like the adoption of remote patient monitoring services & the availability of digital infrastructure, the market in the region is anticipated to grow. It is also predicted that the regional government's activities will hasten the adoption of RPM solutions.
• The Middle East & Africa region is anticipated to have a significant increase over the course of the projection period as healthcare costs grow and the prevalence of chronic disorders including type II hypertension and type II diabetes climbs. Furthermore, it is anticipated that the use of RPM to reduce the burden on healthcare institutions and increased spending by public and commercial organisations to improve the virtual healthcare system will speed up industry growth in the region.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH
METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data
Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE
SUMMARY
4 ACROSS
THE GLOBE
4.1 Upcoming Attractive Market
Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET
OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise
license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 REMOTE
PATIENT MONITOING MARKET OVERVIEW, BY END USER
6.1 Global Market Revenue & Share
Analysis, By End User
6.1.1 Providers
6.1.2 Payers
6.1.3 Patients
6.1.4 Other End Users
6.2 Global Market Revenue & Share
Analysis, 2018 – 2022
6.3 Global Market Revenue & Share
Forecast Analysis, 2023 – 2032
6.4 Key Takeaways
7 REMOTE
PATIENT MONITOING MARKET OVERVIEW, BY COMPONENT
7.1 Global Market Revenue & Share
Analysis, By Component
7.1.1 Services & Software
7.1.2 Devices
7.2 Global Market Revenue & Share
Analysis, 2018 – 2022
7.3 Global Market Revenue & Share
Forecast Analysis, 2023 – 2032
7.4 Key Takeaways
8 REMOTE
PATIENT MONITOING MARKET OVERVIEW, BY REGION
8.1 Global Market Revenue & Share
Analysis, By Region
8.1.1 North America
8.1.2 Europe
8.1.3 Asia Pacific
8.1.4 Middle East & Africa
8.1.5 South America
8.2 Global Market Revenue & Share
Analysis, 2018 – 2022
8.3 Global Market Revenue & Share
Forecast Analysis, 2023 – 2032
8.4 Key Takeaways
9 NORTH
AMERICA MARKET ANALYSIS
9.1 North America Market Revenue &
Share Analysis, By End User
9.2 North America Market Revenue &
Share Analysis, By Component
9.3 North America Market Revenue &
Share Analysis, By Country
9.3.1 US
9.3.2 Canada
9.3.3 Mexico
9.4 Key Takeaways
10 EUROPE
MARKET ANALYSIS
10.1 Europe Market Revenue & Share
Analysis, By End User
10.2 Europe Market Revenue & Share
Analysis, By Component
10.3 Europe Market Revenue & Share Analysis,
By Country
10.3.1 UK
10.3.2 Italy
10.3.3 Spain
10.3.4 Germany
10.3.5 France
10.3.6 Rest of Europe
10.4 Key Takeaways
11 ASIA
PACIFIC MARKET ANALYSIS
11.1 APAC Market Revenue & Share Analysis,
By End User
11.2 APAC Market Revenue & Share Analysis,
By Component
11.3 APAC Market Revenue & Share Analysis,
By Country
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Rest of APAC
11.4 Key Takeaways
12 MIDDLE
EAST & AFRICA MARKET ANALYSIS
12.1 MEA Market Revenue & Share Analysis,
By End User
12.2 MEA Market Revenue & Share Analysis,
By Component
12.3 MEA Market Revenue & Share Analysis,
By Country
12.3.1 GCC
12.3.2 South Africa
12.3.3 Rest of MEA
12.4 Key Takeaways
13 SOUTH
AMERICA MARKET ANALYSIS
13.1 SA Market Revenue & Share Analysis,
By End User
13.2 SA Market Revenue & Share Analysis,
By Component
13.3 SA Market Revenue & Share Analysis,
By Country
13.3.1 Brazil
13.3.2 Argentina
13.3.3 Rest of SA
13.4 Key Takeaways
14 COMPETITIVE
SCENARIO
14.1 Overview
14.2 Key Players Market Share Analysis
14.3 Recent Developments & Product
Launches
14.4 Mergers & Acquisitions
14.5 Partnerships, Agreements &
Collaborations
15 COMPANY
PROFILES
15.1 Overview
15.2 Key players
15.2.1 Teladoc Health, Inc.
15.2.1.1 Business Overview
15.2.1.2 Products Offered
15.2.1.3 Financial Insights
15.2.1.4 Strategic Developments
15.2.1.4.1 New Product Launches
15.2.1.4.2 Agreements & Collaborations
15.2.1.5 Business Aspects (NOISE Analysis)
15.2.1.5.1 Key Strengths
15.2.1.5.2 Opportunities
15.2.1.5.3 Weaknesses & Competitive Threats
15.2.1.5.4 Needs & Improvements
15.2.2 Medtronic Plc.
15.2.3 GE Healthcare
15.2.4 Siemens Healthineers AG
15.2.5 Philips Healthcare
15.2.6 Caretaker Medical
15.2.7 OMRON Healthcare
15.2.8 BioIntelliSense
15.2.9 Shenzhen Mindray
15.2.10 Bio-Medical Electronics Co., Ltd.
16 DISCLAIMER
17 APPENDIX
