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Remote Patient Monitoring (RPM) Market to Witness Huge Growth by 2025|| GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers AG Germany, OMRON Healthcare (Japan), Boston Scientific Corporation (US)

07-07-2021 11:35 AM CET | Health & Medicine

Press release from: ReportsnReports

Remote Patient Monitoring (RPM) Market report has been structured after a thorough study of various key market segments like market size, latest trends, market threats, and key drivers which drive the market. This market study report has been prepared with the use of an in-depth qualitative analysis of the global market. The report displays a fresh market research study that explores several significant facets related to the Remote Patient Monitoring (RPM) Market covering the industry environment, segmentation analysis, and competitive landscape. This global market research report is a proven source to gain valuable market insights and take better decisions about important business strategies.

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International Remote Patient Monitoring (RPM) Market report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. The report also plays a key role in keeping hold of the reputation of the firm and its products. The Remote Patient Monitoring (RPM) Market document contains all the information including market definition, classifications, applications, and engagements while also detailing what the major players are doing in respect of product launches, joint ventures, developments, mergers, and acquisitions and how it is affecting the market in terms of sales, import, export, revenue and CAGR values for the market.

The key players operating in this market include

BioTelemetry Inc. (US),
Koninklijke Philips N.V. (Netherlands),
Medtronic (Ireland),
GE Healthcare (US),
Cerner Corporation (US),
Siemens Healthineers AG Germany,
OMRON Healthcare (Japan),
Boston Scientific Corporation (US),
Abbott Laboratories (US),
Resideo Life Care Solutions (US),
Vivify Health, Inc. (US),
ALTEN Calsoft Labs (France),
Preventice Solutions (US),
Bio-Beat Technologies (Israel),
VitalConnect (US),
Welch Allyn (US),
Teladoc Health Inc. (US),
Dexcom Inc. (US),
iRhythm Technologies, Inc. (US),
and VivaLNK Inc. (US).

The global remote patient monitoring market is projected to reach USD 117.1 billion by 2025 from USD 23.2 billion in 2020, at a CAGR of 38.2% between 2020 and 2025. 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.

Product launches, expansions, collaborations, agreements, partnerships,and acquisitions are the key growth strategies followed by a majority of players in this market.

However, the regulatory variations across regions, healthcare fraud, and informal usage of social media practices is expected to restrain the market growth during the forecast period.

“Software and services segment is expected to grow at the highest rate during the forecast period”

Based on product, remote patient monitoring is segmented into software & services and devices. The software & services segment is projected to register a higher CAGR during the forecast period. The high growth rate of this segment is mainly due to the increased reimbursement for RPM programs and the rising number of chronic illnesses, thus leading to the growing adoption of RPM services across the globe.

“Cardiac monitoring devices segment is estimated to account for the largest share of the RPM devices market in 2020”

On the basis of type, the devices market is further segmented into cardiac monitoring devices, blood glucose monitoring devices, neurological monitoring devices, respiratory monitoring devices, multi-parameter monitoring devices, fetal & neonatal monitoring devices, and other monitoring devices. In 2019, the cardiac monitoring devices segment accounted for the largest share of the market. The rising incidence of hypertension and cardiovascular diseases will give an impetus to the growth of this market.

“North America is expected to dominate the remote patient monitoring market in 2020”

In 2019, North America accounted for the largest share of the remote patient monitoring market, followed by Europe. The large share of North America in the RPM market can be attributed to the rising prevalence of chronic conditions, the need to reduce healthcare expenditure, and the increasing overall & geriatric population.

The market in the Asia Pacific region, on the other hand, is projected to register the highest CAGR during the forecast period. Emerging countries in the APAC region, such as India and China, offer lucrative growth opportunities for market players, primarily due to increasing the geriatric population, improving healthcare infrastructure, rapid economic growth, and rising living standards.

Breakdown of supply-side primary interviews, by company type, designation, and region:

By Company Type: Tier 1 (37%), Tier 2(41%), and Tier 3 (22%)
By Designation: C-level (30%), Director-level (20%), and Others (50%)
By Region: North America (40%), Europe (30%), Asia Pacific(23%), and RoW (7%)
Research Coverage

The report studies the remote patient monitoring market based on product, end user, and region
The report analyzes factors (such as drivers, restraints, opportunities, and challenges) affecting the market growth
The report evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders
The report studies micro-markets with respect to their growth trends, prospects, and contributions to the total remote patient monitoring market
The report forecasts the revenue of market segments with respect to five major regions
Reasons to Buy the Report:

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the remote patient monitoring offered by the key 20 players in the remote patient monitoring market. The report analyzes the remote patient monitoring market byproduct, end user, and region.
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various remote patient monitoring, their adoption, and usage across key geographic regions.
Market Diversification: Exhaustive information about new product launches, untapped geographies, recent developments, and investments in the remote patient monitoring market
Competitive Assessment: In-depth assessment of market ranking and strategies of the leading players in the remote patient monitoring market.
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Table of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Research Methodology Steps
Figure 1 Research Methodology: Remote Patient Monitoring Market
Figure 2 Research Design
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
Figure 3 Primary Sources
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Breakdown Of Primary Sources
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.3 Market Size Estimation
Figure 5 Research Methodology: Hypothesis Building
Figure 6 Estimation Of Market Size For Remote Patient Monitoring Software & Services Through The Adoption-Based Approach
Figure 7 Estimation Of The Global Remote Patient Monitoring Market Size Through The Adoption-Based Approach
2.4 Market Breakdown And Data Triangulation
Figure 8 Data Triangulation Methodology
2.5 Assumptions For The Study
2.6 Covid-19-Specific Assumptions
2.7 Risk Assessment
Table 1 Limitations And Associated Risks

3 Executive Summary
Figure 9 Remote Patient Monitoring Market, By Product, 2020 Vs. 2025 (Usd Million)
Figure 10 Remote Patient Monitoring Market, By End User, 2020 Vs. 2025 (Usd Million)
Figure 11 Geographical Snapshot Of The Remote Patient Monitoring Market

4 Premium Insights
4.1 Remote Patient Monitoring: Market Overview
Figure 12 Rising Geriatric Population And The Cost Benefits Of Telehealth And Remote Patient Monitoring Are Factors Driving Market Growth During The Forecast Period
4.2 Remote Patient Monitoring Market, By End User
Figure 13 Providers Accounted For The Largest Share Of The Rpm Market In 2019
4.3 North America Remote Patient Monitoring Market, By Product & Country (2019)
Figure 14 The Us Accounted For The Largest Share Of The North American Remote Patient Monitoring Market In 2019
4.4 Geographical Snapshot Of The Remote Patient Monitoring Market
Figure 15 Asia Pacific Market To Register The Highest Growth Rate During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Remote Patient Monitoring Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Rising Geriatric Population And The Growing Need To Expand Healthcare Access
Table 2 Global Overview Of The Rise In Aging Population (Million)
5.2.1.2 Cost Benefits Of Telehealth And Remote Patient Monitoring
Table 3 Chronic Diseases And Cost Burden In The Us: Potential For Savings
5.2.1.3 Benefits Of Rpm To Reduce The Burden On Medical Resources
5.2.1.4 Advancements In Telecommunications
5.2.1.5 Increasing Investments In Telehealth & Rpm
5.2.2 Restraints
5.2.2.1 Regulatory Variations Across Regions
Table 4 Us: State-Wise Regulatory Outlook For Telehealth
5.2.2.2 Healthcare Fraud
5.2.2.3 Informal Usage Of Social Media Practices
5.2.3 Opportunities
5.2.3.1 Role And Impact Of Ai In Remote Patient Monitoring
5.2.3.2 High Utility Of Rpm In Combating Infectious Diseases And Epidemics
5.2.4 Challenges
5.2.4.1 Behavioral Barriers, Healthcare Affordability, And The Lack Of Awareness
5.2.4.2 Data Accessibility Issues
5.3 Impact Of Covid-19 On The Remote Patient Monitoring Market
5.4 Value Chain Analysis
Figure 17 Remote Patient Monitoring Market: Value Chain
5.5 Ecosystem
Figure 18 Remote Patient Monitoring Market: Ecosystem
5.6 Technology Analysis
Table 5 Digital Technology Enablers, Their Benefits, And Examples In The Remote Patient Monitoring Market

6 Remote Patient Monitoring Market, By Product
6.1 Introduction
Table 6 Remote Patient Monitoring Market, By Product, 2018–2025 (Usd Million)
6.2 Software And Services
6.2.1 Convenience And High Utility Of Rpm Are Factors Driving The Demand For Remote Monitoring Software And Services
Table 7 Remote Patient Monitoring Market For Software And Services, By Region, 2018–2025 (Usd Million)
Table 8 North America: Remote Patient Monitoring Market For Software And Services, By Country, 2018–2025 (Usd Million)
Table 9 Europe: Remote Patient Monitoring Market For Software And Services, By Country, 2018–2025 (Usd Million)
6.3 Devices
Table 10 Remote Patient Monitoring Market For Devices, By Type, 2018–2025 (Usd Million)
Table 11 Remote Patient Monitoring Market For Devices, 2018–2025 (Usd Million)
Table 12 North America: Remote Patient Monitoring Market For Devices, By Country, 2018–2025 (Usd Million)
Table 13 Europe: Remote Patient Monitoring Market For Devices, By Country, 2018–2025 (Usd Million)
6.3.1 Multiparameter Monitoring Devices
6.3.1.1 The Increasing Prevalence Of Chronic Diseases Is A Major Market Driver For This Segment
Table 14 Remote Patient Monitoring Market For Multiparameter Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 15 North America: Remote Patient Monitoring Market For Multiparameter Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 16 Europe: Remote Patient Monitoring Market For Multiparameter Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.2 Respiratory Monitoring Devices
6.3.2.1 The Growing Adoption Of Pulse Oximeters For Self-Monitoring Purposes Mainly Drives The Market Growth Of This Segment
Table 17 Remote Patient Monitoring Market For Respiratory Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 18 North America: Remote Patient Monitoring Market For Respiratory Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 19 Europe: Remote Patient Monitoring Market For Respiratory Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.3 Cardiac Monitoring Devices
6.3.3.1 Rising Incidence Of Cardiovascular Diseases Drives Demand For Ecg Monitors, Thus Supplementing The Market Growth
Table 20 Remote Patient Monitoring Market For Cardiac Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 21 North America: Remote Patient Monitoring Market For Cardiac Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 22 Europe: Remote Patient Monitoring Market For Cardiac Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.4 Blood Glucose Monitoring Devices
6.3.4.1 Growth In The Global Diabetic Population Will Ensure Strong Demand For Blood Glucose Monitoring Devices
Table 23 Remote Patient Monitoring Market For Blood Glucose Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 24 North America: Remote Patient Monitoring Market For Blood Glucose Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 25 Europe: Remote Patient Monitoring Market For Blood Glucose Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.5 Weight Monitoring Devices
6.3.5.1 Rising Obesity Levels Will Ensure Strong Demand For Weight Monitoring Devices
Table 26 Remote Patient Monitoring Market For Weight Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 27 North America: Remote Patient Monitoring Market For Weight Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 28 Europe: Remote Patient Monitoring Market For Weight Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.6 Fetal & Neonatal Monitoring Devices
6.3.6.1 Increase In The Global Number Of Preterm Births To Ensure The Strong Demand For Rpm Solutions
Table 29 Remote Patient Monitoring Market For Fetal & Neonatal Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 30 North America: Remote Patient Monitoring Market For Fetal & Neonatal Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 31 Europe: Remote Patient Monitoring Market For Fetal & Neonatal Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.7 Neurological Monitoring Devices
6.3.7.1 Growing Prevalence Of Neurological Diseases To Drive The Growth Of This Segment
Table 32 Remote Patient Monitoring Market For Neurological Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 33 North America: Remote Patient Monitoring Market For Neurological Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 34 Europe: Remote Patient Monitoring Market For Neurological Monitoring Devices, By Country, 2018–2025 (Usd Million)
6.3.8 Other Monitoring Devices
Table 35 Remote Patient Monitoring Market For Other Monitoring Devices, By Region, 2018–2025 (Usd Million)
Table 36 North America: Remote Patient Monitoring Market For Other Monitoring Devices, By Country, 2018–2025 (Usd Million)
Table 37 Europe: Remote Patient Monitoring Market For Other Monitoring Devices, By Country, 2018–2025 (Usd Million)

7 Remote Patient Monitoring Market, By End User
7.1 Introduction
Table 38 Remote Patient Monitoring Market, By End User, 2018–2025 (Usd Million)
7.2 Providers
Table 39 Remote Patient Monitoring Market For Providers, By Type, 2018–2025 (Usd Million)
Table 40 Remote Patient Monitoring Market For Providers, By Region, 2018–2025 (Usd Million)
Table 41 North America: Remote Patient Monitoring Market For Providers, By Country, 2018–2025 (Usd Million)
Table 42 Europe: Remote Patient Monitoring Market For Providers, By Country, 2018–2025 (Usd Million)
7.2.1 Hospitals And Clinics
7.2.1.1 Hospitals And Clinics Contribute To The Largest Share Of The Providers Market
Table 43 Remote Patient Monitoring Market For Hospitals And Clinics, By Region, 2018–2025 (Usd Million)
Table 44 North America: Remote Patient Monitoring Market For Hospitals And Clinics, By Country, 2018–2025 (Usd Million)
Table 45 Europe: Remote Patient Monitoring Market For Hospitals And Clinics, By Country, 2018–2025 (Usd Million)
7.2.2 Home Care Settings And Long-Term Care Centers
7.2.2.1 A Rise In The Global Geriatric Population Requiring Long-Term Care Supplements The Growth Of This End-User Segment
Table 46 Remote Patient Monitoring Market For Home Care Settings And Long-Term Care Centers, By Region, 2018–2025 (Usd Million)
Table 47 North America: Remote Patient Monitoring Market For Home Care Settings And Long-Term Care Centers, By Country, 2018–2025 (Usd Million)
Table 48 Europe: Remote Patient Monitoring Market For Home Care Settings And Long-Term Care Centers, By Country, 2018–2025 (Usd Million)
7.2.3 Ambulatory Care Centres
7.2.3.1 The Shift Of Patient Care From Inpatient To Outpatient Settings Is Driving The Growth Of Ascs
Table 49 Remote Patient Monitoring Market For Ambulatory Care Centers, By Region, 2018–2025 (Usd Million)
Table 50 North America: Remote Patient Monitoring Market For Ambulatory Care Centers, By Country, 2018–2025 (Usd Million)
Table 51 Europe: Remote Patient Monitoring Market For Ambulatory Care Centers, By Country, 2018–2025 (Usd Million)
7.2.4 Other Providers
Table 52 Remote Patient Monitoring Market For Other Providers, By Region, 2018–2025 (Usd Million)
Table 53 North America: Remote Patient Monitoring Market For Other Providers, By Country, 2018–2025 (Usd Million)
Table 54 Europe: Remote Patient Monitoring Market For Other Providers, By Country, 2018–2025 (Usd Million)
7.3 Payers
7.3.1 Increasing Reimbursement Scenario Related To Remote Patient Monitoring Will Drive Segment Growth
Table 55 Remote Patient Monitoring Market For Payers, By Region, 2018–2025 (Usd Million)
Table 56 North America: Remote Patient Monitoring Market For Payers, By Country, 2018–2025 (Usd Million)
Table 57 Europe: Remote Patient Monitoring Market For Payers, By Country, 2018–2025 (Usd Million)
7.4 Patients
7.4.1 Cost-Benefits And The Emergence Of Advanced Wearable Monitors To Support The Demand For Rpm Among Patients
Table 58 Remote Patient Monitoring Market For Patients, By Region, 2018–2025 (Usd Million)
Table 59 North America: Remote Patient Monitoring Market For Patients, By Country, 2018–2025 (Usd Million)
Table 60 Europe: Remote Patient Monitoring Market For Patients, By Country, 2018–2025 (Usd Million)
7.5 Other End Users
Table 61 Remote Patient Monitoring Market For Other End Users, By Region, 2018–2025 (Usd Million)
Table 62 North America: Remote Patient Monitoring Market For Other End Users, By Country, 2018–2025 (Usd Million)
Table 63 Europe: Remote Patient Monitoring Market For Other End Users, By Country, 2018–2025 (Usd Million)

8 Remote Patient Monitoring Market, By Region

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