PUBLISHER: GlobalData | PRODUCT CODE: 1340788
PUBLISHER: GlobalData | PRODUCT CODE: 1340788
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.