Published by Coherent Market Insights
Posted on September 17, 2021
6 min readLast updated: February 5, 2026
The Remote Patient Monitoring market is rapidly growing, expected to reach $1.7 Billion by 2027, driven by technological advancements and increased demand for patient care management.
Remote Patient Monitoring Devices Market Size And Forecast
The global Remote Patient Monitoring Devices market was valued at US$ 917.6 million in 2018 and is projected to reach US$ 1.7 Billion by 2027, growing At a CAGR of 7.1% from 2020 to 2027.
According to new informative report by Coherent Market Insights an analytical data of Remote Patient Monitoring Devices market has recently added to its massive database. The research report covers various business verticals. It was added based on various dynamic aspects of the business. This statistical report has been prepared using primary and secondary research methods. Well explained Porter’s five analysis and SWOT analysis have been used to examine the strength, weaknesses, threats and opportunities.
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What are Remote Patient Monitoring Devices?
Remote patient monitoring devices tap digital technology to send communications between patients and providers. Patients monitor themselves to collect data about their health at various points throughout the day, then electronically transmit secure data in messages to their clinicians or technicians. Remote patient monitoring devices tap digital technology to send communications between patients and providers. Patients monitor themselves to collect data about their health at various points throughout the day, then electronically transmit secure data in messages to their clinicians or technicians.
Key players are focused on getting approvals for new products from regulatory bodies to expand their product offerings. For instance, in April 2019, Current Health, a healthcare company, received Class II clearance for an artificial intelligence (AI)-based wearable remote patient monitoring platform (RPM), from the U.S. Food and Drug Administration (FDA) for post-acute care. It can be used in both hospital setting and home care setting. Key players are focused on collaborations to offer innovative remote patient monitoring devices. For instance, in July 2019, three telehealth vendors such as Henry Schein Medical, Medpod, and Uber Health teamed up, to provide a new technology to hospitals and health systems for carrying out diagnosis, and examination on remote patients and accessing their data anytime anywhere. This will help healthcare providers to diagnose their patients in any emergency situations such as natural disasters, accidents, and battlefields, or locations like oil rigs, cruise ships, island communities, and others. Moreover, manufacturers are focusing on increasing customer reach for generating more revenue, which is expected to drive global remote patient monitoring devices market growth.
For instance, in July 2019, NavCare, a division of US CareNet have begun testing My Sophi Remote Patient Monitoring devices, in a direct selling business model (Business to Customer) in the Central Savannah River (CSRA), Augusta, Georgia area. The retail website, MySophi.com is offering 24/7 health monitoring services. Increasing demand for technologically advanced healthcare products in medical care for enhancing patient care management is expected to boost global remote patient monitoring devices market growth over the forecast period. For instance, in August 2019, Atlanta-based Emory University launched remote patient monitoring study to determine whether a mHealth wearable (an ECG patch) can help in improving patient care management for patients suffering from coronary artery disease. The wearable ECG patch is developed by California-based VivaLNK Company. Moreover, according to the Stanford Center for Sleep Sciences and Medicine 2017, around 30 million people suffer from sleep deprivation and sleep disorders called, sleep apnea. Sleep apnea can cause serious health consequences by increasing the risk of diabetes, hypertension, and heart attack if left untreated. In July 2019, Healthcare providers such as ResMed, SRETT, and Philips Respironics are focused on adopting mHealth technology and using it for making continuous positive airway pressure (CPAP) therapy to help doctors and patients to monitor breathing problems such as obstructive sleep apnea (OSA).
Detailed Segmentation
Detailed Segmentation:
By Product Type:
By Application:
By End User:
Remote Patient Monitoring Devices Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Remote Patient Monitoring Devices Market
The “Global Remote Patient Monitoring Devices Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Abbott Laboratories, GE Healthcare, Omron Healthcare, Medtronic PLC., Nihon Kohden, Smiths Medical, Philips Healthcare, F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., and St. Jude Medical.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post sales analyst support
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The post Remote Patient Monitoring Devices Market new product developments is rapidly growing as Key Industry | Abbott Laboratories, GE Healthcare, Omron Healthcare, Medtronic PLC appeared first on Gatorledger.
The article discusses the growth and innovations in the Remote Patient Monitoring Devices market.
These devices use digital technology to transmit health data from patients to healthcare providers.
Technological advancements, increased demand for patient care, and strategic collaborations are key drivers.
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