Remote Patient Monitoring Software Market Analysis, Demand, Growth, Technology Trends, Key Findings and Forecast to 2029

Remote Patient Monitoring Software Market research report has been prepared with the systematic gathering and assessment of market information for Healthcare industry. Moreover, it highlights both qualitative and quantitative techniques of market analysis where focus groups or in-depth interviews and customer survey or analysis of secondary data has been conducted respectively. While preparing this Remote Patient Monitoring Software Market document, research and analysis has been performed with one step or the combination of several steps depending upon the business and client requirements. Market shares of the major industry players in the key areas of the globe such as Europe, North America, Asia Pacific, South America, Middle East and Africa are also conducted.

Remote patient monitoring (RPM) allows healthcare providers to use apps and wireless devices to monitor and collect medical and health data. It is linked to a slew of advantages. For instance, RPM improves adherence because 45% of people with chronic conditions consistently forget to take medications without assistance. Apps, Bluetooth devices, and wearable monitors are increasingly being used to connect patients to their doctors and help them stay on top of their health. According to Insider Intelligence, 30 million patients in the United States will use remote patient monitoring tools by 2024. Remote patient monitoring is convenient and effective now that everyone has a mobile device, allowing people to take control of their health.

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Remote patient monitoring (RPM) is a method of healthcare delivery that uses information technology innovations to allow for the streamlined collection of patient data outside of the traditional healthcare setting. Remote patient management, remote health monitoring, and remote physiologic monitoring are other terms for the same thing. Health data can be collected manually and entered into a remote patient monitoring system, or it can be collected automatically or continuously using biosensors, fitness trackers, and other wellness devices. The data is then securely transmitted to healthcare providers in another location for real-time monitoring, assessment, and intervention. A patient's heart rate, vital signs, sleep patterns, and glucose levels, among other things, may be measured by providers. Clinicians can continue to care for their patients remotely using this system.

Some of the major players operating in the remote patient monitoring software market are:

NIHON KOHDEN CORPORATION (Japan)
Capsule Technologies, Inc. (U.S.)
Honeywell International Inc. (U.S.)
Welch Allyn (U.S.)
Medtronic (Ireland)
Abbott (U.S.)
Intelesens Ltd. (U.K.)
BIOTRONIK SE & Co. KG (Germany)
Aerotel Medical Systems Ltd. (Israel)
General Electric (U.S.)
Boston Scientific Corporation (U.S.)
Koninklijke Philips N.V. (Netherlands)
AMD Global Telemedicine (U.S.)
Mindray Medical India Pvt. Ltd.  (China)
LifeWatch AG (Switzerland)
Teladoc Health, Inc. (U.S.)
Siemens Healthineers AG (Germany)
Caretaker Medical LLC (U.S)
OMRON Healthcare Inc. (Japan)
BioIntelliSense Inc. (U.S.)

Global Remote Patient Monitoring Software Market Dynamics

Drivers

Increasingly wearable patient monitoring devices is a determinant

Wearable patient monitoring devices, biosensors and smart implants are used for a wide range of applications, including continuous glucose monitoring, temperature monitoring, blood pressure monitoring, and pulse oximetry. Next-generation wearable devices incorporate internet of things technology. Wearable biosensors collect vital signs such as blood pressure, weight, blood sugar, and electrocardiography (ECG), which are then transmitted via mobile wireless networks to a central server. These are the certain factors which drives the growth of the market.

Quality healthcare at home is driving the growth

RPM technologies come into play, detecting minute changes in the patient's physiological data and encouraging self-monitoring. As a result, readmissions and avoidable hospitalizations are reduced. Furthermore, these technologies reduce the number of unnecessary doctor's office visits as well as the travel-related costs associated with receiving quality medical care. When properly implemented, RPM technologies can increase access to quality healthcare while saving time and money in the short and long term.

Recent developments

In July 2020, Philips and BioIntelliSense announced a strategic collaboration to improve remote patient monitoring solutions. Philips added the BioSticker device from the latter to its portfolio of remote patient monitoring (RPM) devices, which monitor chronic conditions.
In July 2020, BioTelemetry acquired the On.Demand remote patient monitoring (RPM) platform run by Envolve People Care Inc., a Centene Corporation subsidiary. This acquisition expands BioTelemetry's current portfolio of acute care connected health products and services to include chronic remote patient monitoring solutions, with a focus on diabetes, hypertension, and chronic heart failure.

Global Remote Patient Monitoring Software Market Scope

The remote patient monitoring software market is segmented on the basis of types, application and end- use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Types

Cloud-Based
On-Premises

Application

Medical Personnel
Guardian

 End- Use

Hospital Based Patients
Ambulatory Patients
Home Healthcare

Core Objective of Remote Patient Monitoring Software Market:

Every firm in the  Remote Patient Monitoring Software Market  has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

Remote Patient Monitoring Software Market Size and growth rate factors.
Important changes in the future Remote Patient Monitoring Software Market.
Top worldwide competitors of the Market.
Scope and product outlook of Remote Patient Monitoring Software Market.
Developing regions with potential growth in the future.
Tough Challenges and risk faced in Market.
Remote Patient Monitoring Software top manufacturers profile and sales statistics.

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