Press release
Global Remote Patient Monitoring Market is anticipated to be an over $18 billion opportunity by 2026 and is poised to witness a healthy CAGR of 25% by 2026
Healthcare is a segment which is growing rapidly and is marked by consistent advancements in technology and services. A healthy development in this segment is remote monitoring of patients which offers multiple benefits in a quickly growing aging population with further increasing health complications.
The global remote patient monitoring market is driven by the growing cases of chronic diseases, the introduction of new CPT reimbursement codes by CMS, the Covid-19 pandemic-driven surge to move hospital care into home healthcare and technological advancements in RPM hardware, software and patient care capabilities.
Covid-19 Pandemic Lends a Positive Spin to the Growth of the Remote Patient Monitoring Market
Covid-19 pandemic had a positive impact on the growth of the global remote patient monitoring market as the demand of RPM services has grown significantly. The next phase of the RPM market growth is anticipated to be driven by the adoption and utilization of remote patient monitoring services in the ongoing pandemic and the need to reduce medical costs and improve medical results for patients with chronic diseases. Patient demand and financial incentives for healthcare providers and health systems are driving the demand for post-acute care in segments such as cardiology, orthopedics amongst others.
Global Remote Patient Monitoring Market - A Highly Fragmented Market
The global remote patient monitoring market is highly fragmented with over 200 companies trying to grab a share of this ever-growing market and it is essential for RPM companies to deploy a well-researched pricing and go-to-market strategies. Companies from the Telehealth market and PERS market are also trying to gain entry into the remote patient monitoring market as seen by the acquisition of Livongo by Teladoc.
Major Growth Drivers for Remote Patient Monitoring Market Companies are as following:
• Offering market solutions which are comprehensive, integrated and tailored to chronic diseases such as diabetes, COPD, hypertension.
• Incorporation of AI and ML into RPM solutions to increase the overall patient engagement & compliance.
• Going beyond capturing the data and helping physicians to manage the patient's portfolio in order to improve the patient's outcomes and reduce medical costs.
Competitive Landscape Analysis: Global Remote Patient Monitoring Market
In terms of the competitive landscape analysis, the remote patient monitoring market is marked by the presence of both established market players and many new players. Some of the well-established industry players operating in the remote patient monitoring market are Vivify Health, Health Recovery Solutions, Teladoc-Livongo, Amwell, AMC Health, Careclix, Ontrak, Accuhealth, iHealth Labs and many others.
Innovative companies operating in the RPM market are differentiating from their competitors by fine-tuning their business models, refining their product and service offerings and tailoring their pricing strategies based on the type of customer segment, geographic coverage, population health metrics & continuum of care offered.
Future Outlook of the Remote Patient Monitoring Market
The future growth prospects of the global remote patient monitoring market looks very promising. The global remote patient monitoring market is projected to gain a consistent momentum in the upcoming years due to the growing investments in RPM and Telehealth segments, an increasing focus on post-acute care, multiple advantages of RPM such as the reduced risk of disease transmission, quicker access to patient data, improved patient health results, freeing up of resources to address most serious issues and cost savings, entry of new players in the remote patient monitoring market, technological advancements, growing cases of artificial intelligence (AI) in remote patient monitoring market and rising aging population.
Today, there is an unique window of opportunity to tap into this rapidly growing remote patient monitoring market by developing the most efficient business strategies and leveraging industry acumens.
Get Detailed Insights on Remote Patient Monitoring Market with a Sample Report PDF @ https://meditechinsights.com/remote-patient-monitoring-market/
Ruta Halde
Associate, Medi-Tech Insights
Tel No: +32 498 86 80 79
Email: info@meditechinsights.com
Website: https://meditechinsights.com/
Twitter: https://twitter.com/MediTechInsight
LinkedIn: https://www.linkedin.com/company/medi-tech-insights/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip Investors & hyper-growth Start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry leading CXO, VPs and key demand/supply side decision-makers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Remote Patient Monitoring Market is anticipated to be an over $18 billion opportunity by 2026 and is poised to witness a healthy CAGR of 25% by 2026 here
News-ID: 2834908 • Views: …
More Releases from Medi-Tech Insights
Sterilization Equipment Market Shows Strong Investment Potential with 7-9% CAGR …
The global sterilization equipment market is set to experience significant growth, with an expected CAGR of 7-9% over the next 5 years. This growth is driven by increasing demand for sterilization in healthcare facilities, stringent infection control regulations, rising surgical procedures, necessity to curb hospital-acquired infections (HAIs), and advancements in sterilization technologies.
Sterilization equipment plays a critical role in ensuring the safety and hygiene of medical instruments, devices, and environments. These…
Global Biologics Market Set to Expand at 10-12% CAGR from 2024 to 2029: Medi-Tec …
The global biologics market is set to witness a growth rate of 10-12% in the next 5 years. Rising prevalence of chronic diseases; continued advancements in biotechnology; growing investment in biopharmaceutical R&D; and growing strategic partnerships between biotech firms & larger pharmaceutical companies are some of the key factors driving the biologics market.
Biologics are a class of medications derived from living organisms, including proteins, sugars, and nucleic acids among others.…
Telemedicine Market to Grow at 16-18% CAGR By 2029, Fueled by Tech Advancements …
The global telemedicine market is set to witness a robust growth rate of 16-18% over the next five years. This growth is driven by the increasing adoption of digital healthcare solutions, a rise in chronic disease prevalence, an aging population demanding more accessible care, technological advancements in telehealth platforms, growing government support, and the shift toward remote patient monitoring and virtual care solutions.
Telemedicine refers to the remote diagnosis, treatment, and…
High Flow Oxygen Therapy Market Set to Grow at 7% CAGR by 2029 Driven by Rising …
The high flow oxygen therapy (HFOT) market is growing at a projected compound annual growth rate (CAGR) of around 7% in the forecast period. Key drivers include the rising prevalence of respiratory diseases such as COPD, pneumonia, and acute respiratory failure, along with increased adoption of non-invasive treatments. Technological advancements in HFOT devices and the growing elderly population further support market growth. However, high device costs and limited reimbursement in…
More Releases for Patient
Patient Portal Market: Empowering Patient-Centric Healthcare
In recent years, the global Patient Portal Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Patient Portal Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including…
Patient Portal Market: Empowering Patient-Centric Healthcare
In recent years, the global Patient Portal Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Patient Portal Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including…
Future Growth: Patient Advocacy Solutions Market Sees Promising Growth in 2024 | …
The latest research study released by Worldwide Market Reports on "Patient Advocacy Solutions Market 2024" holds tons of experience in offering comprehensive and accurate analysis of global as well as regional markets. The analysts and researchers authoring the report have provided a deeper competitive analysis of the Patient Advocacy Solutions market along with exhaustive company profiling of leading market players. This research study of the Patient Advocacy Solutions Market involved…
Factors Influencing Global Digital Patient Empowerment Services Market through 2 …
The worldwide "Digital Patient Empowerment Services Market" 2023 Research Report presents a professional and complete analysis of the Global Digital Patient Empowerment Services Market in the current situation. This report includes development plans and policies along with Digital Patient Empowerment Services manufacturing processes and price structures. the reports 2023 research report offers an analytical view of the industry by studying different factors like Digital Patient Empowerment Services Market growth, consumption…
Growing Demand For Patient Handling Equipment & Patient Positioning Devices To A …
As per Fact.MR, a market research and competitive intelligence provider, the global patient lateral transfer devices market is anticipated to top US$ 500 Mn by 2031, progressing at a CAGR of 7% over the forecast period of 2021 to 2031.
Lateral transfer is a repositioning aid or equipment that reduces friction and makes it easier and safer to transfer patients laterally.
Patient lateral transfer devices are designed to stay with the…
Patient Perspectives - Patient Reported Outcomes Drive Drug Development, But Imp …
GBI Research, the leading business intelligence provider, has released its latest research, Patient Perspectives Patient Reported Outcomes Drive Drug Development, but Improving Patient Involvement Remains a Challenge. The report examines the role of patients in changing the research agenda and helping pharma companies to bring effective medicines that meet real unmet medical needs into the market place. It explores the use of patient reported outcomes in drug development, with a…
