Global Remote Patient Monitoring (RPM) Market Research Report Forecast 2030
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Remote Patient Monitoring (RPM) Market : Market Segments: By Type (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Other); By Application (Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management and Fitness Monitoring and Other); By End User (Home Care Settings, Hospital/Clinics and Other); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Remote Patient Monitoring (RPM) is a technology used to collect medical and health-related data from individuals at one location and electronically transmit it to a healthcare provider at another location. RPM is used to remotely monitor and analyze physiological parameters such as blood oxygen levels, vital signs, blood pressure, heart rate, and blood sugar, which improves the quality of care, quality of life, and allows early prediction of aggravations and exacerbations.
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Remote Patient Monitoring (RPM) Market is expected to project a notable CAGR of 38.6% in 2030.
Remote Patient Monitoring (RPM) Market to surpass USD 125.1 Million by 2030 from USD 23.5 Million in terms of value growing at a CAGR of 38.6% throughout the forecast period, i.e., 2019-30. The rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth and remote patient monitoring, benefits of RPM to reduce the burden on medical resources, advancements in telecommunications, growing incidences of chronic diseases, and increasing investments in telehealth and RPM are the major factors driving the growth of this market.
Remote Patient Monitoring (RPM) Market: Segments
Multi Parameter Monitors Segment to grow with the highest CAGR of XX.X% during 2019-30
Remote Patient Monitoring (RPM) Market is segmented by type as Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Other. The Heart Monitor segment is estimated to lead the market with a share of over 80.0% of Remote Patience monitoring market in 2018 and this trend is expected to continue during the forecast period. Heart rate monitor is identified as the dominating product sub-segment due to the increasing incidence of cardiac conditions globally.
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