REMOTE PATIENT MONITORING MARKET: OVERVIEW
As per Roots Analysis, the global remote patient monitoring market is estimated to grow from USD 9.4 billion in the current year to USD 88.0 billion by 2035, at a CAGR of 25% during the forecast period, till 2035.
The market sizing and opportunity analysis has been segmented across the following parameters:
Type of Software
- System as a Software
- System as a Service
Application Area
- Blood Glucose
- Blood Pressure
- Body Temperature
- Electrocardiogram
- Oxygen Saturation
- Respiration Rate
- Others
Therapeutic Area
- Cardiovascular Disorders
- Infectious Diseases
- Metabolic Disorders
- Oncological Disorders
- Respiratory Disorders
- Others
Product / Software Purpose
- Commercial Purpose
- Clinical Purpose
Type of Business Model
Key Geographical Regions
- North America
- Europe
- Asia-Pacific
- Middle East and North Africa
- Latin America
REMOTE PATIENT MONITORING MARKET: GROWTH AND TRENDS
Over the years, the incidence of chronic conditions, such as diabetes, autoimmune diseases, heart diseases, and cancer has risen significantly. In fact, a recent report from the Center for Managing Chronic Disease at the University of Michigan reported that over 50% of the US population is affected by some form of chronic disease. Consequently, there is an urgent need for frequent monitoring to manage disease indications. However, some patients fail to report health issues to healthcare providers in time, which can lead to severe consequences and increased healthcare costs. In this context, remote patient monitoring has emerged as a potential solution for healthcare providers that enables them to monitor vital health signs in home care settings.

The initiation of the concept of remote patient monitoring system (RPM) started nearly 200 years ago in 1800s. However, it wasn't until the introduction of cloud computing that the domain evolved at a significant pace. In fact, remote patient monitoring system solutions were gradually integrated into mainstream healthcare, specifically during the COVID-19 induced lockdown. These advanced tools and software solutions enabled and eased monitoring of patient health significantly during that period. These advanced devices utilize AI and biosensors to monitor vital signs like oxygen levels, blood pressure, heart rate, respiratory rate, blood glucose level, and other key signs in real time. Presently, several companies are focused on the development of remote patient monitoring systems.
REMOTE PATIENT MONITORING MARKET: KEY INSIGHTS
The report delves into the current state of the remote patient monitoring market and identifies potential growth opportunities within industry. Some key findings from the report include:
- At present, more than 170 players claim to have the required capabilities to offer remote patient monitoring solutions for use across a range of application areas.
- Tools / software solutions for remote patient monitoring are being investigated across different types of software and are designed to target different therapeutic areas.

- In order to gain a competitive edge, remote patient monitoring solution developers are actively undertaking initiatives to integrate advanced features in their respective solutions and affiliated offerings.
- Over the years, industry players have established several deals to further advance the development / enable the improvement of their proprietary software solutions.
- To support the ongoing innovation in this field, private and public investors have made substantial capital investments of worth USD 2.5 billion.
- Given the favourable increase in demand for various remote patient monitoring solutions during the COVID-19 pandemic, the overall market is poised to grow at a CAGR of over 25%, till 2030.
- The projected opportunity is expected to be well distributed across different areas of application, types of business model and key geographical regions.
REMOTE PATIENT MONITORING MARKET: KEY SEGMENTS
System as a Software Segment holds the Largest Share of the Remote Patient Monitoring Market
Based on the type of software, the market is segmented into a system as a software and system as a service type of software. At present, the system as a software segment holds the maximum share of the global remote patient monitoring market. Further, the remote patient monitoring market for system as a service segment is expected to show the highest market growth potential during the forecast period owing to the growing demand for cloud-based solutions.
By Application Area, Electrocardiogram is the Fastest Growing Segment of the Global Remote Patient Monitoring Market
Based on the application area, the market is segmented into blood glucose, blood pressure, body temperature, electrocardiogram, oxygen saturation, respiration rate and others. At present, the electrocardiogram segment holds the maximum share of the global remote patient monitoring market. This can be attributed to the growing prevalence of cardiovascular disorders that require constant monitoring of vital health parameters. Moreover, the market for electrocardiogram segment is expected to grow at a higher CAGR during the forecast period.
By Therapeutic Area, Metabolic Disorders Segment Accounts for the Largest Share of the Global Remote Patient Monitoring Market
Based on the therapeutic area, the market is segmented into cardiovascular disorders, infectious diseases, metabolic disorders, oncological disorders, respiratory disorders, and others. Currently, the metabolic disorders segment captures the highest proportion of the global remote patient monitoring market. However, the oncological disorders segment is expected to grow at a higher CAGR during the forecast period.
By Product / Software Purpose, Commercial Purpose Segment is Likely to Dominate the Remote Patient Monitoring Market
Based on the product / software purpose, the market is segmented into commercial purpose and clinical purpose. At present, the commercial purpose segment holds the maximum share of the remote patient monitoring market. However, the clinical purpose segment is expected to show the highest growth potential during the forecast period, growing at a higher CAGR, compared to the other segments.
B2C is the Fastest Growing Segment of the Global Remote Patient Monitoring Market
Based on the type of business model, the global market is segmented into B2C and B2B models. Currently, both B2C and B2B segments hold equal market share. However, the remote patient monitoring for B2C segment is expected to witness substantial growth in the coming years.
Europe Accounts for the Largest Share of the Market
Based on key geographical regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America. Currently, Europe dominates the global remote patient monitoring market and accounts for the largest revenue share. Further, the market in Asia-Pacific is likely to grow at a higher CAGR in the coming future.
Example Players in the Remote Patient Monitoring Market
- BioTelemetry
- Braster
- LeewayHertz
- LifeWatch
- Masimo
- Medtronic
- Siemens Healthineers
- Transtek Medical.
REMOTE PATIENT MONITORING MARKET: RESEARCH COVERAGE
- Market Sizing and Opportunity Analysis: The report features an in-depth analysis of the global remote patient monitoring market, focusing on key market segments, including [A] type of software, [B] application area, [C] therapeutic area, [D] product / software purpose, [E] type of business model and [F] key geographical regions.
- Market Landscape: A comprehensive evaluation of the companies engaged in providing remote patient monitoring consultation tools and software, based on several relevant parameters, such as [A] year of establishment, [B] company size and [C] location of headquarters. Additionally, a comprehensive evaluation of consultation tools and software, based on several relevant parameters, such as [A] type of software, [B] area of application, [C] therapeutic areas, [D] product / software purpose, [E] type of telemedicine operation, [F] type of remote patient monitoring service and [G] type of business model.
- Company Profiles: In-depth profiles of key players that are engaged in the development of remote patient monitoring software, focusing on [A] overview of the company, [B] financial information (if available), [C] product portfolio and [D] recent developments and an informed future outlook.
- Partnerships and Collaborations: An insightful analysis of the deals inked by stakeholders in the remote patient monitoring market, based on several parameters, such as [A] year of partnership, [B] type of partnership, [C] type of partner, [D] type of software, [E] most active players and [F] geographical distribution of the partnership activity.
- Funding and Investments: An in-depth analysis of the fundings raised by remote patient monitoring companies, based on relevant parameters, such as [A] year of funding instances, [B] amount invested, [C] type of funding, [D] geographical analysis, [E] most active players and [F] most active investors.
- Product Competitiveness Analysis: A comprehensive competitive analysis of remote patient monitoring software, examining factors, such as [A] supplier power and [B] key product-related specifications.
- Cost Saving Analysis: A comprehensive analysis of cost saving potential associated with the use of remote patient monitoring consultation tools and software solutions, examining factors, such as [A] number of patient visits and [B] increase in efficiency by adoption of remote patient monitoring software solutions.
- Case Study: An insightful discussion on how the COVID-19 pandemic impacted the remote patient monitoring software market, accompanied by information on the important initiatives that were undertaken by players to overcome the challenges faced due to the pandemic.
- SWOT Analysis: An analysis of industry affiliated trends, opportunities and challenges, which are likely to impact the evolution of remote patient monitoring market; it includes a Harvey ball analysis, assessing the relative impact of each SWOT parameter on industry dynamics.
KEY QUESTIONS ANSWERED IN THIS REPORT
- How many companies are currently engaged in this market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
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