Uploaded on May 20, 2021
The global remote patient monitoring market is anticipated to reach a value of USD 1.9 billion by 2026, growing at a CAGR of 12.7% during the forecast period from 2020 to 2026. Remote patient monitoring refers to consistent monitoring of health parameters of patients during and post admission from distant locations. There devices are also often equipped with alert systems for prompt action and assistance to patients and care givers.
Remote Patient Monitoring Market Insights 2021 Focusing on Key Trends, Business Opportunity and Forecast to 2025
Adroit Market Research
Global Remote Patient Monitoring Market Size
2019
By Product [Vital Signs (Heart Rate, Blood Pressure, Pulse
Oximeters, Respiratory Rate, EEG, Temperature) and Special
Monitors (Blood Glucose, Anesthesia, Cardiac Rhythm,
Respiratory, Prothrombin, Multiparameter, Fetal Heart Rate)],
By Application, By Usage Area, By Region and Forecast 2020
to 2026
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Adroit Market Research
Global Remote Patient Monitoring Market Is Expected Grow At A CAGR
Of 12.7%
• The global remote patient monitoring market is anticipated to reach a value of USD 1.9 billion
by 2026, growing at a CAGR of 12.7% during the forecast period from 2020 to 2026. Remote
patient monitoring refers to consistent monitoring of health parameters of patients during and post
admission from distant locations. There devices are also often equipped with alert systems for
prompt action and assistance to patients and care givers. These devices have been gaining
popularity due to their proven capability in efficient management of chronic conditions such as
cardiovascular diseases, diabetes, cancer and several other acute conditions. Growing prevalence
of chronic diseases and increasing trend of home care of geriatric patients drives the growth of this
market. Moreover, there is a consistently popular trend of moving the general population towards
voluntary weight and fitness management. Growing pool of this population base is further
augmenting the demand for fitness and weight monitors. Therefore, growing incidence of chronic
diseases and preference for healthy and independent living facilitates the remote patient
monitoring market growth.
• Furthermore, rapid development in the healthcare infrastructure, establishment of post-acute care
centers and high demand from developing economies shall open new penetration opportunities for
international players. Additionally, perpetual technological advancements are also anticipated to
lead to introduction of novel technologies and devices with better performance and prompt care
assistance, therefore serving both patients and care givers.
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Adroit Market Research
Global Remote Patient Monitoring Market Is Expected Grow At A CAGR Of
12.7%
• The status of remote patient monitoring is imperative in chronic patient care. These systems efficiently evaluate
and notify the patient’s health status, and therefore effectively assist in deciding the most appropriate treatment
plan. These devices are further beneficial when deployed on patients moved from hospital care to acute care,
home care or assisted living facilities.
• Among the different patient monitoring devices, heart rate monitors is the most prominent device segment in the
global market. Adoption of these devices is significantly high in both home care as well as institutional care
settings. These devices are vital in any healthcare setting and across any disease state or severity of patient
condition. The versatile position of heart rate monitors makes these devices essential in any healthcare setting
and therefore such factors assist in maintaining the dominance of this segment. Heart rate monitors are also
becoming an essential tool for patients with previous heart condition and currently in home care or living
independent life. Reducing prices of these devices is making heart rate monitors is further increasing their
affordability in the general population.
• Between institutional care and home care as the foremost usage areas for remote patient monitoring devices,
institutions form the largest segment for remote patient monitoring devices. Larger patient footfall and greater
affordability for sophisticated devices, make institutions a lucrative segment. However, other patient monitoring
sites such as home healthcare segment is anticipated to progress at the fastest rate during the forecast period.
• Based on the top regions for remote patient monitoring, Asia Pacific will top the charts in terms of annual growth
rate. Presence of large emerging economies such as China and India, with huge population and large unmet
needs will open new growth opportunities for the local and international market players.
• Major players operating in the global remote patient monitoring market are Nihon Kohden Corporation, Omron
Corporation, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., OSI Systems, Inc., Welch
Allyn, F. Hoffmann-La Roche Ltd., Smiths Medical, ALTEN Calsoft Labs, Abbott, Boston Scientific Corporation,
+1 (214A)m 88e4r-i6c0a6n8 T e l e C a sraele,s @Draädgroeitrm Marekedtirceasel,a rHcho.cnoemywell Life Care Swowluwti.oadnrso,i tmGaEr kHetereasletharccah.rceo,m Johnson & Johnson Services,
Inc., Masimo, Medtronic Plc and LifeWatch.
Adroit Market Research
Key Segments of the Global Remote Patient Monitoring Market
Product Overview, 2016-2026 (USD Million)
• Vital Signs Monitors
• Heart Rate Monitors
• Blood Pressure Monitors
• Pulse Oximeters
• Respiratory Rate Monitors
• EEG Equipment
• Temperature Monitors
• Special Monitors
• Blood Glucose Monitors
• Anesthesia Monitors
• Cardiac Rhythm Monitors
• Respiratory Monitors (Spirometers & Capnographs)
• Prothrombin Monitors
• Multiparameter Monitors
• Fetal Heart Monitors
• Others
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Adroit Market Research
Key Segments of the Global Remote Patient Monitoring
Market
• Application Overview, 2016-2026 (USD Million)
• Cardiovascular Diseases
• Diabetes
• Sleep Disorders
• Weight Management anf Fitness Monitoring
• Cancer
• Others
• Usage Area Overview, 2016-2026 (USD Million)
• Institutional Care
• Home Care
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Adroit Market Research
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