Futuristic Overview of Remote Patient Monitoring Market by Top Company Profiles like Bosch; Honeywell; Roche; Philips Healthcare & More

The increasing burden of chronic diseases and rising awareness about the necessity of early warning signs are fueling the demand for remote patient monitors

The global remote patient monitoring market was valued at USD 975.0 million in 2020, and it is expected to reach USD 3,244.9 million by 2027, with a CAGR of 18.9%, during the forecast period.

Remote patient monitoring technology can monitor patient health outside a healthcare setting. This monitoring can be done at home or at any place where healthcare delivery is not accessible. Rising geriatric population, Covid-19 cases, entry of innovative products, and investment by market players are some of the major drivers of the global remote patient monitor market.

In terms of geography, North America accounted for the largest share of the remote patient monitoring market in 2020 and is expected to maintain its dominance during the forecast period. This can be attributed to high awareness about remote monitoring, supportive reimbursement scenario, and the local presence of monitors manufacturers. Additionally, market players’ initiatives to provide innovative and effective remote monitors and strategic initiatives to reach maximum patients are likely to accelerate the market growth during the forecast period.

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Remote Patient Monitoring Segmentation by Product:

The remote patient monitoring market has been segmented into specialized monitors and vital sign monitors. The maximum share held by the specialized monitor’s segment in the global market. This can be attributed to the presence of advanced features such as iPad connectivity and wireless communication which are responsible for the early diagnosis of diseases. Additionally, the ability of specialized monitors to monitor various symptoms and thereby prevent complications.

Major Players Operating in the market are:

American Telecare; Bosch; Honeywell; Roche; Philips Healthcare; Intel; Health anywhere Inc.; Johnson & Johnson; Welch Allyn; and Covidien Plc.  

Regional Analysis of Remote Patient Monitoring Market:

From a geographic segmentation perspective, the report focuses on the regions that have a material and significant effect on the overall market value. The broad level coverage of the report includes the regions and key countries within the regions of Global, North America, Europe, APAC, MEA

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Drivers For Remote Patient Monitoring Market Are:

Increasing geriatric population

The rise in patients suffering from chronic illnesses.

Rising adoption of remote patient monitoring systems by healthcare facilities 

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