Remote Health Monitoring Global Market Report 2024

Description

“Remote Health Monitoring Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on remote health monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for remote health monitoring? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The remote health monitoring market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Devices: Respiratory monitoring; Blood glucose monitoring; Cardiac monitoring; Multi-parameter monitoring
2) By Application: Cancer Treatment; Cardiovascular Diseases; Diabetes Treatment; Sleep Disorder; Weight Management and Fitness Monitoring; Other Applications
3) By End-User: Home Care Settings; Hospitals/Clinics; Other End-Users
Companies Mentioned: Nihon Kohden Corporation; Koninklijke Philips NV; Omron Corporation; F. Hoffmann-La Roche Ltd.; American Telecare Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Remote health monitoring involves utilizing technology to monitor patients in non-clinical settings, such as their homes. This healthcare delivery approach is advantageous for patients, physicians, caregivers, and the healthcare system as a whole, as it makes use of technological advancements to collect patient data outside traditional healthcare facilities.

The primary types of devices used for remote health monitoring include respiratory monitoring, blood glucose monitoring, cardiac monitoring, and multi-parameter monitoring. Respiratory monitoring involves tracking the respiratory process by monitoring parameters such as blood gases, brain and organ oxygenation, perfusion, and hemodynamics. These devices find applications in various healthcare areas, including cancer treatment, cardiovascular diseases, diabetes treatment, sleep disorders, weight management, fitness monitoring, among others. They are used in diverse settings such as home care, hospitals/clinics, and others.

The remote health monitoring market research report is one of a series of new reports from The Business Research Company that provides remote health monitoring market statistics, including remote health monitoring industry global market size, regional shares, competitors with a remote health monitoring market share, detailed remote health monitoring market segments, market trends, and opportunities, and any further data you may need to thrive in the remote health monitoring industry. This remote health monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The remote health monitoring market size has grown rapidly in recent years. It will grow from $4.84 billion in 2023 to $5.63 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth observed in the historical period can be attributed to factors such as an aging population and the prevalence of chronic diseases, increased adoption of telemedicine, government initiatives and regulations, a preference among patients for home-based care, and the pursuit of cost-efficiency in healthcare delivery.

The remote health monitoring market size is expected to see rapid growth in the next few years. It will grow to $9.73 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The anticipated growth in the forecast period can be attributed to the rapid expansion of the Internet of Things (IoT) in healthcare, the integration of artificial intelligence, a focus on pandemic preparedness and response, the utilization of remote patient monitoring in clinical trials, and an increasing emphasis on preventive healthcare. Key trends expected in the forecast period include the rise of wearable technology, advancements in chronic disease management, increased utilization of IoT connectivity, a focus on data security and privacy, and the implementation of remote patient monitoring in elderly care.

The remote health monitoring market is poised for significant growth, driven in large part by the increasing global elderly population. This demographic, encompassing individuals aged 65 and above, has created a substantial demand for remote health monitoring, a technology used to oversee the health of the elderly by remotely tracking their physiological data. As reported by the World Health Organization (WHO) in October 2022, the global population aged over 60 is expected to reach 2.1 billion by 2050, with the number of individuals aged 80 and above projected to triple between 2020 and 2050, reaching 426 million. Hence, the growing elderly population worldwide is anticipated to be a major factor propelling the remote health monitoring market.

Another key factor contributing to the growth of the remote health monitoring market is the increasing demand within hospitals. Hospitals, being comprehensive healthcare institutions providing diverse medical services, have witnessed a surge in the adoption of remote health monitoring. This technology facilitates patient-centered, efficient, and proactive healthcare by enabling continuous monitoring, early intervention, reduced hospital readmissions, and improved data accuracy. The demand for remote health monitoring in hospitals is further substantiated by statistics from Interweave Textiles Limited, revealing 1148 hospitals in the UK alone. Consequently, the rising demand within hospitals is a significant driver for the growth of the remote health monitoring market.

Technological advancement stands out as a prominent trend in the remote health monitoring market, with major companies actively integrating new technologies such as cloud computing and artificial intelligence (AI). These technological innovations enhance the accuracy and effectiveness of remote health monitoring systems. For instance, in October 2021, Honeywell International Inc. launched the real-time health monitoring System (RTHMS), an intelligent edge-to-cloud communication technology designed for remote and real-time patient monitoring. RTHMS utilizes artificial intelligence and machine learning to digitize and automate administrative tasks, thereby improving care delivery and increasing efficiency in healthcare processes.

Major players in the remote health monitoring market are also focusing on product innovation to drive revenue growth. Innovative products, such as the IronMed digital health platform, offer a comprehensive digital healthcare system that incorporates remote patient monitoring (RPM). IronMed RPM, launched by Iron Bow Healthcare Solutions in August 2023, provides patient-centric software solutions for monitoring acute or chronic diseases outside of clinical settings. The platform aims to enhance the quality of life for patients, promote independence, and ensure caregivers can supervise and intervene appropriately.

In September 2022, Medicare Inc., a healthcare services company, acquired VRI Intermediate Holdings LLC for $315 million. This acquisition expands Medicare's portfolio by adding remote health monitoring services. VRI Intermediate Holdings LLC is a provider of remote health monitoring technology and solutions based in the United States.

Major companies operating in the remote health monitoring market report are Nihon Kohden Corporation, Koninklijke Philips NV, Omron Corporation, F. Hoffmann-La Roche Ltd., American Telecare Inc., Welch Allyn Inc., Boston Scientific Corporation, GE Healthcare Company, Masimo Corporation, Vitls Inc., Abbott Laboratories, Biotronik SE & Co. KG, LifeWatch AG, Athelas Inc., Capterra Inc., Dexcom Inc., Senseonics Holdings Inc., AT&T Inc., Medtronic plc, Resideo Technologies Inc., Health Recovery Solutions Inc., Babyscripts Inc., TytoCare Ltd., Accuhealth Inc., Vivify Health Inc., Get Well Network Inc., VitalTech Holdings Inc., Rimidi Inc., SeamlessMD Inc., Raziel Health Inc., Conversa Health Inc., Livongo Health Inc

North America was the largest region in the remote health monitoring market in 2023. The regions covered in the remote health monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the remote health monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The remote health monitoring market includes revenues earned by entities by providing health monitoring services through homecare telehealth, supports diagnosis, heath risk assessment, data storage and analysis, clinical decision support, disease surveillance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11295

1. Executive Summary

2. Remote Health Monitoring Market Characteristics

3. Remote Health Monitoring Market Trends And Strategies

4. Remote Health Monitoring Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Remote Health Monitoring Market Size and Growth

5.1. Global Remote Health Monitoring Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Remote Health Monitoring Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Remote Health Monitoring Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Remote Health Monitoring Market Segmentation

6.1. Global Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Respiratory monitoring
Blood glucose monitoring
Cardiac monitoring
Multi-parameter monitoring
6.2. Global Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cancer Treatment
Cardiovascular Diseases
Diabetes Treatment
Sleep Disorder
Weight Management and Fitness Monitoring
Other Applications
6.3. Global Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Home Care Settings
Hospitals/Clinics
Other End-Users

7. Remote Health Monitoring Market Regional And Country Analysis

7.1. Global Remote Health Monitoring Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Remote Health Monitoring Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Remote Health Monitoring Market

8.1. Asia-Pacific Remote Health Monitoring Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Remote Health Monitoring Market

9.1. China Remote Health Monitoring Market Overview
9.2. China Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Remote Health Monitoring Market

10.1. India Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Remote Health Monitoring Market

11.1. Japan Remote Health Monitoring Market Overview
11.2. Japan Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Remote Health Monitoring Market

12.1. Australia Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Remote Health Monitoring Market

13.1. Indonesia Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Remote Health Monitoring Market

14.1. South Korea Remote Health Monitoring Market Overview
14.2. South Korea Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Remote Health Monitoring Market

15.1. Western Europe Remote Health Monitoring Market Overview
15.2. Western Europe Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Remote Health Monitoring Market

16.1. UK Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Remote Health Monitoring Market

17.1. Germany Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Remote Health Monitoring Market

18.1. France Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Remote Health Monitoring Market

19.1. Italy Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Remote Health Monitoring Market

20.1. Spain Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Remote Health Monitoring Market

21.1. Eastern Europe Remote Health Monitoring Market Overview
21.2. Eastern Europe Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Remote Health Monitoring Market

22.1. Russia Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Remote Health Monitoring Market

23.1. North America Remote Health Monitoring Market Overview
23.2. North America Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Remote Health Monitoring Market

24.1. USA Remote Health Monitoring Market Overview
24.2. USA Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Remote Health Monitoring Market

25.1. Canada Remote Health Monitoring Market Overview
25.2. Canada Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Remote Health Monitoring Market

26.1. South America Remote Health Monitoring Market Overview
26.2. South America Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Remote Health Monitoring Market

27.1. Brazil Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Remote Health Monitoring Market

28.1. Middle East Remote Health Monitoring Market Overview
28.2. Middle East Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Remote Health Monitoring Market

29.1. Africa Remote Health Monitoring Market Overview
29.2. Africa Remote Health Monitoring Market, Segmentation By Devices, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Remote Health Monitoring Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Remote Health Monitoring Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Remote Health Monitoring Market Competitive Landscape And Company Profiles

30.1. Remote Health Monitoring Market Competitive Landscape
30.2. Remote Health Monitoring Market Company Profiles
- 30.2.1. Nihon Kohden Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Koninklijke Philips NV
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Omron Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. F. Hoffmann-La Roche Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. American Telecare Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Remote Health Monitoring Market Competitive Benchmarking

32. Global Remote Health Monitoring Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Remote Health Monitoring Market

34. Remote Health Monitoring Market Future Outlook and Potential Analysis

34.1 Remote Health Monitoring Market In 2028 - Countries Offering Most New Opportunities
34.2 Remote Health Monitoring Market In 2028 - Segments Offering Most New Opportunities
34.3 Remote Health Monitoring Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer