Remote Patient Monitoring (RPM) Market: The global market is expected to grow at a CAGR of 16.9% during the forecasted period.

As per the study initiated by Evolve Business Intelligence, the global Remote Patient Monitoring (RPM) Market size accounted for USD 1.9 billion in 2022, growing at a CAGR of 16.9% from 2023 to 2033. The global remote patient monitoring (RPM) market is experiencing significant growth. It is estimated to have a compound annual growth rate (CAGR) of 20.1% and a revenue size of $14.0 billion in 2023, with a projected market size of $41.7 billion by 2028. The market is driven by factors such as the rising geriatric population, the growing need to expand healthcare access, and the increasing incidence of chronic diseases. North America dominates the market, accounting for a significant share, followed by Europe. The key players in the industry include Koninklijke Philips N.V., Honeywell, Abbott Laboratories, and Medtronic. The market is expected to reach $8.5 billion by 2031, with a CAGR of 16.3% from 2022 to 2031, driven by the demand for wireless and portable systems and the presence of a sophisticated reimbursement structure in North America. The leading applications of remote patient monitoring are congestive heart failure, diabetes, chronic obstructive pulmonary disease, blood pressure, and mental health.

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Key Highlights:
• The global Remote Patient Monitoring (RPM) Market size was valued at USD 1.9 billion in 2022 growing at a CAGR of 16.9% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Remote Patient Monitoring (RPM) Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Remote Patient Monitoring (RPM) Market players holding high market shares include Masimo Corporation, Aerotel Medical Systems (1988) Ltd, Nihon Kohden Corporation and Boston Scientific Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Masimo Corporation
• Aerotel Medical Systems (1988) Ltd
• Nihon Kohden Corporation
• Boston Scientific Corporation
• General Electric Company
• Abbott Laboratories
• Omron Corporation
• Medtronic Plc
• Biotronik SE & Co. KG
• Johnson and Johnson.

Segmental Analysis
Market Segment By Condition
• Congestive Heart Failure (CHF)
• Diabetes
• Chronic Obstructive Pulmonary Disease (COPD)
• Blood Pressure
• Mental Health
• Others

Market Segment By Component
• Devices
• Software

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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• Comprehensive insights.
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• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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