Remote Patient Monitoring Devices Market Size, Share, Trends and Analysis by Region, Device Type, Key Players and Segment Forecast, 2023-2033

Remote Patient Monitoring Devices Market Size, Share, Trends and Analysis by Region, Device Type, Key Players and Segment Forecast, 2023-2033

Summary

Global Remote Patient Monitoring Devices market size was valued at $14,575 million in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.29% during 2022-2033. The key to the growth has been the rising incidence of chronic ailments and the focus on patient-centered medical services like personalized treatment strategies and enhanced patient involvement, combined with the progress in remote monitoring technologies, the market is anticipated to witness expansion. Moreover, the market is expected to experience accelerated growth due to strategic partnerships, mergers, and acquisitions.

In 2022, North America held the largest market share, contributing 44% of the revenue. This was due to the strong presence of key market players, a significant number of product launches, increased investment in R&D, growing acceptance of remote patient monitoring applications in the region. As the global burden of chronic diseases, such as diabetes, cardiovascular diseases, respiratory disorders, and hypertension, is on the rise, remote patient monitoring devices enable healthcare providers to remotely monitor patients with chronic diseases, ensuring timely intervention, reducing complications, and optimizing resource utilization.

Emphasis on patient-centric healthcare is a crucial as it reflects the growing trend in the healthcare industry to shift the focus from a one-size-fits-all approach to personalized and patient-centered care. RPM plays a significant role in achieving patient-centric healthcare by empowering individuals to actively participate in managing their health and well-being.

This market intelligence report “Remote Patient Monitoring Devices Market Size, Share, Trends and Analysis by Region, Device, Key Players and Segment Forecast to 2033” offers a thorough, forward-looking analysis of the global Remote Patient Monitoring Devices market by Device Type (Implantable remote patient monitoring device-ICD (Implantable cardioverter defibrillators) and Pacemaker, and External remote patient monitoring devices- Specialized monitoring devices- Blood glucose meters, External cardiology remote monitors, Portable capnographs, Portable polysomnography systems, Vital signs monitoring devices- Thermometers, Wrist pulse oximeters, Peak flow meters, Portable and handheld spirometers) & by region up to 2033 along with key drivers in a concise format to help executives build proactive and profitable growth strategies.

Scope

• This report provides overview and service addressable market for Remote Patient Monitoring Devices market
• It identifies the key trends impacting growth of the Remote Patient Monitoring Devices market over the next 12 to 24 months.
• It includes global market forecasts for the Remote Patient Monitoring Devices market and analysis of M&A deals
• It contains details of M&A deals in the Remote Patient Monitoring Devices space and a timeline highlighting milestones in the development of Remote Monitoring Devices Market

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global remote patient monitoring devices market by Device Type (Implantable remote patient monitoring device-ICD (Implantable cardioverter defibrillators) and Pacemaker , and External remote patient monitoring devices- Specialized monitoring devices- Blood glucose meters, External cardiology remote monitors, Portable capnographs, Portable polysomnography systems, Vital signs monitoring devices- Thermometers, Wrist pulse oximeters, Peak flow meters, Portable and handheld spirometers) & by region, and key drivers in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in the remote patient monitoring devices market.
• There are many charts and tables in the report that is designed for an executive-level audience, enhancing presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in remote patient monitoring devices market.
• The broad perspective of the report coupled with comprehensive, actionable detail will help medical device stakeholders, remote patient monitoring devices providers, and other intermediaries succeed in growing the remote patient monitoring devices market globally.