Press release
Remote Patient Monitoring Market 2024 Projections, Trends and Forecast 2024 - Medtronic Plc, Koninklijke Philips N.V, GE Healthcare.
Remote Patient Monitoring Market || 2024-2031
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The Remote Patient Monitoring market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
The Remote Patient Monitoring (RPM) Market focuses on technologies and services that allow healthcare providers to monitor patients' health data remotely, using devices that collect and transmit data to healthcare professionals. RPM is gaining traction as a crucial component of telehealth services, enabling continuous monitoring, improving patient engagement, and enhancing chronic disease management. The rising prevalence of chronic diseases and the growing demand for healthcare access are key factors driving the market's expansion.
Key Developments:
On May 4, 2023, Milestone Systems, an open platform video management software provider based in Brøndby, Denmark, launched a new video solution called Xprotect Hospital Assist. This innovative tool is designed to enable healthcare providers to remotely monitor multiple patients simultaneously, enhancing the efficiency of medical staff.
Earlier, on January 8, 2023, Philips and Masimo announced an expansion of their partnership aimed at improving telehealth services for patients and clinicians worldwide. The Masimo W1 watch, which is the first of its kind to provide accurate and continuous pulse oximetry measurements along with other valuable health data, plays a key role in this initiative. Utilizing Masimo's secure health data cloud, patient information is seamlessly transmitted to the Philips patient monitoring ecosystem, allowing for remote surveillance by clinicians. This groundbreaking integration of monitoring and connectivity technologies opens up numerous possibilities for supporting early discharge initiatives, hospital-at-home programs, and chronic illness management.
Additionally, on April 26, 2023, Israeli patient-monitoring technology startup Neteera Technologies announced that it had raised approximately $13 million in a Series B funding round, furthering its mission to innovate in the patient monitoring space.
Forecast Growth Projected:
The Global Remote Patient Monitoring Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Remote Patient Monitoring Market:
Medtronic Plc, Koninklijke Philips N.V, GE Healthcare, Abbott Laboratories, BioTelemetry Inc., Siemens Healthineers AG Boston Scientific Corporation, Welch Allyn, OMRON Healthcare Co., Ltd., Transtek.
Segment Covered in the Remote Patient Monitoring Market:
By Product Type: Services & Software, Devices.
By Application: Cardiovascular Diseases.
By End User: Payers, Providers, Patients.
Regional Analysis:
The global Remote Patient Monitoring Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Remote Patient Monitoring Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Remote Patient Monitoring Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Remote Patient Monitoring manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Remote Patient Monitoring in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Remote Patient Monitoring Market?
The Remote Patient Monitoring Market size was USD 48.2 billion in 2023. It is expected to reach USD 338.9 billion by 2031.
How fast is the Remote Patient Monitoring Market growing?
The Remote Patient Monitoring Market will exhibit a CAGR of 28.8% during the forecast period, 2024-2031.
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