openPR Logo
Press release

Remote Patient Monitoring Market Vital Role in Healthcare Evolution

05-10-2024 12:01 PM CET | Health & Medicine

Press release from: MarketsandMarkets

Remote Patient Monitoring Market

Remote Patient Monitoring Market

The global Remote Patient Monitoring (RPM) market is poised for robust growth as healthcare technology continues to advance, enabling more efficient and patient-centered care. RPM solutions, which allow for the remote monitoring of patients' health and vital signs, have gained significant traction in recent years, driven by the growing need for continuous health monitoring and the widespread adoption of digital health technologies.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77155492&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral

The global remote patient monitoring market is projected to reach USD 175.2 Billion by 2027 from USD 53.6 Billion in 2022, at a CAGR of 26.7% during the forecast period. The rising geriatric population and the growing need to expand healthcare access, cost benefits of telehealth 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 telehealth and RPM are the major factors driving the growth of this market.

Key Highlights:

Technological Advancements: The RPM market is benefiting from significant technological advancements in wearable devices, connected health platforms, and data analytics.

Chronic Disease Management: RPM plays a vital role in the management of chronic diseases such as diabetes, hypertension, and heart disease.

Telehealth Integration: RPM is increasingly integrated with telehealth solutions, allowing for remote consultations between patients and healthcare providers.

Cost Savings: Healthcare organizations are embracing RPM to reduce costs associated with hospital readmissions and emergency room visits.

Regulatory Compliance: As the RPM market expands, regulatory compliance becomes paramount. Ensuring data privacy, security, and adherence to telehealth reimbursement regulations is crucial for healthcare providers and technology companies.

Global Growth: The RPM market is experiencing rapid global growth, driven by the aging population, the desire for seniors to age in place, and the COVID-19 pandemic, which accelerated the adoption of telehealth and remote monitoring solutions.

Despite its immense potential, the RPM market faces challenges related to data security, interoperability, and equitable access. Industry stakeholders are actively addressing these challenges to ensure the widespread adoption of RPM solutions and their benefits for all patient populations.

Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=77155492&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral

Key Market Players

The prominent players operating in the remote patient monitoring market 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)., among others

Koninklijke Philips N.V. (Netherlands) is the leading player in the remote patient monitoring market. The company's expertise, experience, and comprehensive capabilities in various industries and business functions enable it to maintain its leading position in the market. The company has a wide global presence with North America, the Asia Pacific, the Middle East, Africa, Latin America, and Europe. The company focuses on achieving sustainable growth by enhancing its operating base and launching competitive technologies.

Medtronic (Ireland) held the second position in the global remote patient monitoring market. The company has a wide geographic base-it operates in more than 350 locations in over 150 countries, with subsidiaries in Ireland, Israel, and the US. The company markets many products and care management services, including remote monitoring platforms and patient-centered software. Medtronic focuses on long-term growth strategies of therapy innovation, globalization, and economic value to increase its market share.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=77155492&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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 Remote Patient Monitoring Market Vital Role in Healthcare Evolution here

News-ID: 3492138 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for RPM

Fluorescent Pigment Market Size Registering 5.6% of CAGR Reach USD 697 Million b …
Fluorescent Pigment Market Summary - According to QYResearch New Study Report 'Fluorescent Pigment Market 2025' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to the
Fluorescent Pigment Market Driving Sustainable Growth with a 9.7% CAGR by 2031 | …
NEW YORK, (UNITED STATES) - The global Fluorescent Pigment Market has emerged as a pivotal sector, driving innovation and economic growth across industries. This in-depth market analysis delves into the evolving landscape of the Fluorescent Pigment industry, highlighting key trends, growth drivers, challenges, and opportunities shaping its future. The report provides a holistic view of market dynamics, competitive strategies, and regional insights, offering stakeholders a comprehensive understanding of the sector.
Remote Patient Monitoring (RPM): Transforming Healthcare Delivery
Remote Patient Monitoring (RPM) is revolutionizing healthcare by enabling real-time tracking of patient health metrics through advanced technologies. In 2024, the global RPM market is valued at approximately $60.8 billion, projected to grow at a compound annual growth rate (CAGR) of 22.4%, reaching $381.1 billion by 2033., driven by the increasing prevalence of chronic diseases, an aging population, and advancements in wearable and telehealth technologies. Download a Free sample PDF (Use
Organic Fluorescent Pigment Market Size, Share and Forecast By Key Players-Day-G …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Organic Fluorescent Pigment market is anticipated to grow at a compound annual growth rate (CAGR) of 12.19% between 2024 and 2031. The market is expected to grow to USD 9.59 Billion by 2024. The valuation is expected to reach USD 21.45 Billion by 2031. The organic fluorescent pigment market is expected to grow significantly, driven by its increasing
RPM 3.0 Review: Is It Worth the Investment? Rapid Profit Machine Review - RPM 3. …
Introduction: RPM 3.0 is a brand new affiliate marketing platform that claims that it will help you earn more money on the internet. RPM 3.0 claims to have an average conversion rate of 60 this means that for every 100 customers that visit your affiliate link 60 percent of them buy something. RPM 3.0 provides the opportunity to participate in a contest every month with big prize pools, giving you the
Remote Patient Monitoring (RPM) Market is driven by growing demand for RPM servi …
Global Remote Patient Monitoring (RPM) report from Global Insight Services is the single authoritative source of intelligence on Remote Patient Monitoring (RPM) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by