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Remote Patient Monitoring Devices Market Trends

  • Report ID: GMI5563
  • Published Date: Aug 2024
  • Report Format: PDF

Remote Patient Monitoring Devices Market Trends

Technological advancements in remote patient monitoring (RPM) devices have revolutionized healthcare in developed nations, enhancing both patient care and management. Innovations in IoT and artificial intelligence (AI) in healthcare, along with improvements in wearable technology, sensor accuracy, and telehealth integration, have led to more effective and personalized monitoring solutions.
 

  • Modern RPM devices are increasingly integrated with the Internet of Things (IoT) and AI. These technologies enable real-time data collection, analysis, and automated decision-making. AI algorithms can predict potential health issues by analyzing data trends, improving early diagnosis and personalized care.
     
  • Advances in wearable technology, such as smartwatches and fitness trackers, have enhanced RPM capabilities. These devices can continuously monitor vital signs such as heart rate, blood pressure, and glucose levels, providing valuable data for both patients and healthcare providers.
     
  • Additionally, innovations in biosensor technology have led to more accurate and reliable monitoring devices. New sensors can track a wide range of physiological parameters with high precision, including blood oxygen levels, respiratory rates, and even sleep patterns, thus propelling the growth of the market.
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Remote patient monitoring devices industry size was valued USD 15.8 billion in 2023 and will expand at 11.7% CAGR between 2024 and 2032, owing to the increasing prevalence of chronic diseases, aging populations, and the rising demand for home-based healthcare solutions.

The cardiac devices segment will reach USD 9.8 billion by 2032, fueled by the high prevalence of cardiovascular diseases globally.

U.S. remote patient monitoring devices industry will garner USD 14.8 billion by 2032 due to advanced healthcare infrastructure, high prevalence of chronic diseases, and strong adoption of telehealth solutions.

Key players operating in the remote patient monitoring devices industry are Abbott Laboratories, Cerner Corporation, Baxter International Inc., Boston Scientific Corporation, DexCom, Inc., F. Hoffmann-La Roche Ltd, General Electric Company, Johnson & Johnson, Koninklijke Philips N.V, Medtronic plc, OMRON Corporation, Siemens Healthineers AG, and VitalConnect, among others.

Remote Patient Monitoring Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 298
  • Countries covered: 31
  • Pages: 210
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