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Remote Patient Monitoring Market Will Grow at a CAGR of 38.2% by 2025| Product, End User, Regional Outlook, Competitive Landscape

02-11-2022 10:10 AM CET | Health & Medicine

Press release from: ReportsnReports

The Remote Patient Monitoring Market research report classifies the market trends relevant to the supply, requirement, and arrangement, at any rate, the new events. The report highlights huge drivers, restrictions, and positive chances to give a definite image of the market. The Remote Patient Monitoring Market research report gives complete details about the profitable emerging markets and examines insights over the developing section of the markets. Furthermore, the Remote Patient Monitoring Market research report gives a complete evaluation of market shares, approaches, products, verification, regulatory approvals, copyright aspect, manufacturing proficiency of the leading players.

The Remote Patient Monitoring Market report also evaluates the patterns in the main market, besides the usual factors and market shares by different parts. The Remote Patient Monitoring Market report also estimates the effect of different industry characteristics available in market sections and landscapes. The evaluation also recognizes the innovative other options and requesting conditions of the global market. It then examines aggressive enhance like new product launches, positioning, expansions, and investment in the market.

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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 key players operating in this Remote Patient Monitoring 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 rising geriatric population and the growing need to expand healthcare access, cost benefits of tele health 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 tele health and RPM are the major factors driving the growth of 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.

Remote Patient Monitoring Market Segmentation by Product:

Software,
Services,
Devices,
Cardiology,
Neurological,
Blood Glucose,
Neonatal,
Weight,
Temperature,
Neuro

Remote Patient Monitoring Market Segmentation by End User:

Providers,
Hospitals,
Clinics,
Home Care,
Patients,
Payers

“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%)

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The objective of the Remote Patient Monitoring Market Report

1. To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the Remote Patient Monitoring Market.
2. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Remote Patient Monitoring Market.
3. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Remote Patient Monitoring Market.
4. The key findings and recommendations highlight crucial progressive industry trends in the Remote Patient Monitoring Market, thereby allowing players to develop effective long term strategies
5. To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
6. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

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

5 Market Overview

6 Remote Patient Monitoring Market, By Product

7 Remote Patient Monitoring Market, By End User

8 Remote Patient Monitoring Market, By Region

9 Competitive Landscape

10 Company Evaluation Matrix

11 Company Profiles

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