PUBLISHER: Polaris Market Research | PRODUCT CODE: 1719901
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1719901
The global remote patient monitoring devices market size is expected to reach USD 5,847.36 Million by 2034, according to a new study by Polaris Market Research. The report "Global Remote Patient Monitoring Devices Market Size, Share, Trends, Industry Analysis Report: By Device Type, Application, Control Method (Hospitals, Ambulatory Surgical Centers, and Homecare Settings), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Market Forecast, 2025 - 2034 gives a detailed insight into current market dynamics and provides analysis on future market growth.
Remote patient monitoring (RPM) devices use technology to track patients' health. They allow real-time monitoring of important signs and other health metrics through both wearable and non-wearable devices. The remote patient monitoring devices market growth is fueled by various factors, including the rising incidence of chronic diseases such as diabetes and hypertension, the aging global population, the demand for affordable healthcare solutions, and innovations in IoT, AI, and wearable technology.
The RPM devices market demand is expanding due to medical practitioners' increasing recognition of their benefits and continuous technological advancements. Healthcare providers, including doctors, nurses, and specialists, are leveraging RPM devices to remotely monitor patients' important signs, manage chronic conditions, reduce hospital readmissions, and improve patient outcomes. Also, innovations such as improved sensors, longer battery life, and wireless connectivity are making RPM devices more accessible and effective in managing chronic diseases.
Regulatory support and expanding reimbursement policies also drive the remote patient monitoring devices market expansion, along with the increasing demand for personalized, home-based healthcare services. These factors will be further supported by trends such as enhanced patient engagement, real-time data analytics, and a focus on preventative care, establishing RPM devices as a significant component of modern healthcare systems.
Heart rate monitors are expected to lead the market due to their essential role in tracking cardiovascular health, a key concern for patients with heart diseases, hypertension, and other related conditions.
The cardiovascular disease treatment held the largest RPM devices market share in 2024 due to the widespread prevalence of heart-related conditions worldwide.
North America led the market, driven by its advanced healthcare infrastructure, widespread adoption of digital health technologies, and robust regulatory support.
Asia Pacific is anticipated to register the highest remote patient monitoring devices market CAGR, driven by the region's rapidly growing healthcare sector, large population, and increasing adoption of digital health technologies.
Key players in the market include F. Hoffmann-La Roche Ltd.; AMD Global Telemedicine; Honeywell International Inc.; Omron Healthcare; Smiths Medical; Medtronic; Shenzhen Mindray Bio-Medical Electronics Co., Ltd; Nihon Kohden Corporation; Omron Corporation; GE Healthcare; Xealth; and Stel Life.
Polaris Market Research has segmented remote patient monitoring devices market report based on device type, application, control method, and region: