The U.S. Remote Patient Monitoring Market to Reach $25 Billion by 2028 - Arizton

According to Arizton's latest research report, the US remote patient monitoring market will grow at a CAGR of 11.167% during 2022-2028.

To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/us-remote-patient-monitoring-market

The healthcare landscape in the United States has undergone significant transformations, from focusing on avoiding re-admissions to preventing admissions and providing remote patient treatment. This shift has resulted in increased efficiency and effectiveness within healthcare settings, ultimately enhancing the value of patient care. Healthcare settings invest in remote patient monitoring, telehealth, and advanced patient monitoring systems to support this model. Technical and software companies are crucial in facilitating this market shift.

Home patient monitoring has become a standard for adult patients requiring long-term alternatives to hospital-based treatment. Wireless patient monitoring systems to track vital signs are a growing trend in healthcare, offering numerous benefits, such as enabling enhanced home care for chronic and acute conditions. Factors related to the COVID-19 pandemic have further highlighted the potential for integrating care at home, while technological advancements have made remote patient monitoring feasible.

Healthcare systems are actively partnering with market vendors and stakeholders to raise awareness about the advantages of remote patient monitoring devices, thereby driving the market growth. Key players in the industry focus on product approval and launch initiatives to expand their product portfolios, foster technological advancements, and meet consumers' demands seeking these monitoring devices.

The COVID-19 pandemic has accelerated the healthcare landscape's shift, compelling healthcare settings to reduce costs and provide value-based treatments. This presents significant opportunities for vendors operating in the vital sign monitoring and remote patient monitoring markets to address the evolving needs of the healthcare sector. As chronic diseases account for a substantial portion of patient treatment and healthcare expenditure in the US, vital signs monitoring and remote patient monitoring devices are poised to play a crucial role in the future of the country's healthcare market.

Looking for More Information? Download the Free Sample Report: https://www.arizton.com/market-reports/us-remote-patient-monitoring-market

Market Opportunities

Impact of AI & IoT Drives RPM Adoption: One of the fastest-growing segments of the IoT market is healthcare devices. While remote patient monitoring, which involves IoT sensors that collect patient data such as heart rate and body temperature, is the most well-known example of IoT in healthcare, there are numerous other applications. When an IoT device captures patient data, it sends it to a software application where healthcare professionals and patients may see it. Algorithms can analyze data to make treatment recommendations or send out alarms. For instance, an IoT sensor that detects a patient's exceptionally low heart rate may send an alarm so medical personnel can intervene.

Health parameters can be self-assessed at home with the help of the remote health monitoring framework, and the information can be shared with a certified doctor who is far away. If a patient suffers from a serious medical condition, the specialist cannot help. These parameters can be communicated remotely to a doctor who can assist them from anywhere. In the worst-case scenario, even if the treatment is unavailable in their country, they can communicate with a specialist in a more technologically sophisticated country and continue the treatment. As a result, by combining remote patient monitoring with IoMT, death rates can be reduced, and improved service quality.

Rising Adoption of Telemedicine Ushering New Opportunities for Remote Monitoring: Telehealth, or healthcare enabled by technology, has begun to revolutionize the home care environment and is expected to increase significantly in the future years. Simple technology (for instance, e-mail, the Internet, and cell phones) can now monitor people's health remotely. Telephone lines or internet connections can send high-resolution visual pictures and audio. Remote monitoring will become much more common in the next years, involving more types of home equipment. Technology such as wireless electronics and digital processing will enable the connection between various devices and remote health care practitioners. Some wireless equipment, particularly meters, and monitors, will be wearable, allowing continuous monitoring or more convenient testing.

Key Highlights

Cardiovascular diseases accounted for the largest share of the application segment and are expected to retain the leading position during the forecast period, with musculoskeletal diseases expected to grow at the highest CAGR.
Hospitals and healthcare providers increasingly invest in remote patient monitoring technologies such as telehealth and connected devices.
The increasing demand for healthcare services, especially from the aging population, and the rising number of home healthcare patients are contributing to the growth of the US remote patient monitoring market.
The high adoption of telehealth and telemedicine solutions significantly contributed to the growth of AI software solutions, which will likely continue for the foreseeable future.
The end-user segments, such as ambulatory and home healthcare settings, will likely grow at healthy rates as patient care monitoring shifts from hospital-centric to patient-centric. The increasing usage and application of advanced remote patient monitoring devices by healthcare professionals in ambulatory care settings and patients in home care settings are projected to drive both segments' growth.
Buy the Report Now: https://www.arizton.com/market-reports/us-remote-patient-monitoring-market

Post-Purchase Benefit

1hr of free analyst discussion
10% of customization
Hospitals Drive US Remote Patient Monitoring Market, Accounting for 34.04% of Market Share in 2022

The hospitals segment emerged as a prominent player in the US remote patient monitoring (RPM) market, capturing a market share of 34.04% in 2022. Healthcare systems and hospitals in the United States are strategically adopting remote patient monitoring technology to enhance patient outcomes and reduce costs. Hospitals particularly dominate the domain of cardiac monitoring equipment, leveraging their position as the primary point of contact for patients facing health challenges. With specialized machines and advanced monitoring technology, hospitals play a vital role in managing cardiovascular diseases (CVDs) and treating patients with a history of cardiac arrhythmia.

Teladoc Health, a notable player in the market, offers a comprehensive range of RPM devices and software tailored for hospitals and clinics. Their product portfolio includes Lite & Lite with Boom Camera, enabling a clear view of local care teams while monitoring precise patient vitals in crowded settings like the Neonatal Intensive Care Unit (NICU). Additionally, their compact virtual care device, the Mini, is specifically designed for behavioral health, providing improved audio and video capabilities for exam rooms and clinics. Teladoc Health's Solo Virtual Care Platform is a clinical and administrative healthcare solution, facilitating a scalable digital intake process and self-service check-in to support care coordination across healthcare networks.

As health systems face an ongoing shortage of clinicians, more hospitals are expected to embrace remote patient monitoring technology in the future. The increasing adoption of telehealth and remote patient monitoring is seen as a viable solution to address this challenge, enabling hospitals to monitor and care for patients remotely efficiently.

Key Company Profiles

AMD Global Telemedicine
GE Healthcare
Koninklijke Philips
Medtronic
ResMed
Teledoc Health
Vivify Health
100-Plus
Abbott
ACL Digital
Altumview
Baxter
Biobeat
Biofourmis
BIOTRONIK
Boston Scientific
Cardiologs
Cardiomo
CAREMINDr
CareValidate
Datos Health
Dexcom
Drägerwerk AG
F.Hoffmann-La Roche
GrandCare Systems
Health Recovery Solutions
Hinge Health
Honeywell International
iHealth Unified Care
Intel
iRhythm Technologies
Limber Health
Masimo
MedM
Medopad
ModivCare
NIHON KOHDEN
OMRON
OSI Systems
OSPLabs
Qardio
Resideo Technologies
Senseonics
TeleMedCare
Ventricle Health
VitalConnect
Vitls
VivaLNK
Market Segmentation

Component

Services
Devices & Software
Application

Cardiovascular Diseases
Respiratory Diseases
Diabetes
Musculoskeletal Diseases
Others
End-User

Hospitals
Home Healthcare Settings
Ambulatory Care Settings
Long-term Care Centers
Region

South
Texas
Florida
Virginia
Oklahoma
New Mexico
West
California
Colorado
Nevada
Montana
Midwest
Michigan
Illinois
Ohio
Northeast
New York
Pennsylvania
Massachusetts
Check Out Some of the Top-Selling Research Reports:

Multiparameter Patient Monitoring Market - Global Outlook & Forecast 2023-2028: The global multiparameter patient monitoring market to reach USD 15.20 billion by 2028.

U.S. Tele-Intensive Care Unit (ICU) Market - Industry Outlook and Forecast 2022-2027: The U.S. Tele-Intensive Care Unit market to reach USD 2.4 billion by 2027.

Interactive Patient Engagement Solutions Market - Global Outlook & Forecast 2022-2027: The interactive patient engagement solutions market to reach USD 393.79 million by 2027.

Home Healthcare Market - Global Outlook and Forecast 2021-2026: The global home healthcare market to reach USD 390 BN by 2026.

Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY COMPONENT

4.3.2 MARKET SEGMENTATION BY APPLICATION

4.3.3 MARKET SEGMENTATION BY END-USER

4.3.4 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 OVERVIEW

7.1.1 COMPONENT INSIGHTS

7.1.2 APPLICATION INSIGHTS

7.1.3 END-USER INSIGHTS

8 INTRODUCTION

8.1 BACKGROUND

8.2 REMOTE PATIENT MONITORING: OVERVIEW

8.3 REMOTE PATIENT MONITORING: GLOBAL OUTLOOK

8.3.1 GLOBAL REMOTE PATIENT MONITORING BY GEOGRAPHY

8.4 REMOTE PATIENT MONITORING: GLOBAL VS US OUTLOOK

9 MARKET OPPORTUNITIES & TRENDS

9.1 ADVANCES IN REMOTE PATIENT MONITORING TECHNOLOGY

9.2 INCREASING DEMAND FOR WIRELESS PATIENT MONITORING AT HOME

9.3 RISE OF VIRTUAL CLINICAL TRIALS

9.4 AI & IOT DRIVES RPM ADOPTION

9.5 TELEMEDICINE USHERING NEW OPPORTUNITIES FOR REMOTE MONITORING

10 MARKET GROWTH ENABLERS

10.1 INCREASING FOCUS ON DEVELOPING SOFTWARE & APPS FOR RPM BY MANUFACTURERS

10.2 AGING POPULATION & CHRONIC DISORDERS AUGMENTING CONTINUOUS MONITORING DEMAND

10.3 INCREASING INNOVATIONS IN WEARABLE TECHNOLOGY

10.4 GROWING USE OF RPM TO MONITOR & IMPROVE PATIENT ENGAGEMENT

10.5 GROWING USE OF MOBILE TECHNOLOGIES & SMART DEVICES IN RPM

11 MARKET RESTRAINTS

11.1 REGULATORY VARIATIONS ACROSS US

11.2 LACK OF DATA ACCURACY

11.3 THREAT FROM HEALTHCARE FRAUDS

11.4 ACCESSIBILITY OR CONNECTIVITY OBSTACLES WITH PATIENTS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.3 MARKET OPPORTUNITIES

12.3.1 MARKET BY COMPONENT

12.3.2 MARKET BY APPLICATION

12.3.3 MARKET BY END-USER

12.4 FIVE FORCES ANALYSIS

12.4.1 THREAT OF NEW ENTRANTS

12.4.2 BARGAINING POWER OF SUPPLIERS

12.4.3 BARGAINING POWER OF BUYERS

12.4.4 THREAT OF SUBSTITUTES

12.4.5 COMPETITIVE RIVALRY

13 COMPONENT

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 SERVICES

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.4 DEVICES & SOFTWARE

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 CARDIOVASCULAR DISEASES

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.4 RESPIRATORY DISEASES

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.5 DIABETES

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.6 MUSCULOSKELETAL DISEASES

14.6.1 MARKET OVERVIEW

14.6.2 MARKET SIZE & FORECAST

14.7 OTHERS

14.7.1 MARKET OVERVIEW

14.7.2 MARKET SIZE & FORECAST

15 END-USER

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 HOSPITALS

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.4 HOME HEALTHCARE SETTINGS

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.5 AMBULATORY SURGICAL CENTERS

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.6 LONG-TERM CARE CENTERS

15.6.1 MARKET OVERVIEW

15.6.2 MARKET SIZE & FORECAST

16 COMPETITIVE LANDSCAPE

16.1 COMPETITION OVERVIEW

16.1.1 VENDORS ACTIVITIES

16.2 MARKET SHARE ANALYSIS

16.2.1 AMD GLOBAL TELEMEDICINE

16.2.2 GE HEALTHCARE

16.2.3 KONINKLIJKE PHILIPS

16.2.4 MEDTRONIC

16.2.5 RESMED

16.2.6 TELADOC HEALTH

16.2.7 VIVIFY HEALTH

17 KEY COMPANY PROFILES

17.1 AMD GLOBAL TELEMEDICINE

17.2 GE HEALTHCARE

17.3 KONINKLIJKE PHILIPS

17.4 MEDTRONIC

17.5 RESMED

17.6 TELADOC HEALTH

17.7 VIVIFY HEALTH

18 OTHER PROMINENT VENDORS

18.1 100-PLUS

18.2 ABBOTT

18.3 ACL DIGITAL

18.4 ALTUMVIEW

18.5 BAXTER

18.6 BIOBEAT

18.7 BIOFOURMIS

18.8 BIOTRONIK

18.9 BOSTON SCIENTIFIC

18.10 CARDIOLOGS

18.11 CARDIOMO

18.12 CAREMINDR

18.13 CAREVALIDATE

18.14 CLEARARCH

18.15 DATOS HEALTH

18.16 DEXCOM

18.17 DRÄGERWERK AG

18.18 F. HOFFMANN-LA ROCHE

18.19 GRANDCARE SYSTEMS

18.20 HEALTH RECOVERY SOLUTIONS

18.21 HINGE HEALTH

18.22 HONEYWELL INTERNATIONAL

18.23 IHEALTH UNIFIED CARE

18.24 INTEL

18.25 IRHYTHM TECHNOLOGIES

18.26 LIMBER HEALTH

18.27 MASIMO

18.28 MEDM

18.29 MEDOPAD

18.30 MODIVCARE

18.31 NIHON KOHDEN

18.32 OMRON

18.33 OSI SYSTEMS

18.34 OSPLABS

18.35 QARDIO

18.36 SENSEONICS

18.37 TELEMEDCARE

18.38 VENTRICLE HEALTH

18.39 VITALCONNECT

18.40 VITLS

18.41 VIVALNK

19 REPORT SUMMARY

19.1 KEY TAKEAWAYS

19.2 STRATEGIC RECOMMENDATIONS

20 QUANTITATIVE SUMMARY

20.1 MARKET BY COMPONENT

20.2 MARKET BY APPLICATION

20.3 MARKET BY END-USER

20.4 HOME HEALTHCARE SETTINGS BY REGION

20.5 HOME HEALTHCARE SETTINGS BY COMPONENT

20.6 HOME HEALTHCARE SETTINGS BY APPLICATION

21 APPENDIX

21.1 ABBREVIATIONS

About Us:

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Contact Us

Call: +1-312-235-2040

+1 302 469 0707

Mail: enquiry@arizton.com

Contact Us: https://www.arizton.com/contact-us

Blog: https://www.arizton.com/blog

Website: https://www.arizton.com/

This release was published on openPR.