Artificial Intelligence (AI) In Remote Patient Monitoring Market Overview, Key Leading Players, Trends Analysis, Industry Share And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Artificial Intelligence (AI) In Remote Patient Monitoring Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The artificial intelligence (AI) in remote patient monitoring market size has grown exponentially in recent years. It will grow from $1.80 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 24.0%. The growth in the historic period can be attributed to Increased chronic disease rates, data security improvements, ai-driven applications that enhance patient engagement, integration with electronic health records (EHR), and need to reduce healthcare costs.

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Market Drivers and Trends:

The high adoption of telemedicine is expected to propel the growth of artificial intelligence (AI) in the remote patient monitoring market in the coming years. Telemedicine refers to the use of telecommunications technology, such as video calls, phone calls, and online messaging, to provide medical services remotely. AI in remote patient monitoring integrated with telemedicine analyzes this data in real time, detecting subtle changes and alerting healthcare professionals about potential issues before they become emergencies. For instance, in August 2022, according to the Australian Digital Health Agency, an Australia-based government organization, over 95,000 practitioners utilized telehealth services, and 118.2 million telehealth services were offered to 18 million patients from March 2020 to July 2022. Therefore, the high adoption of telemedicine will drive the growth of artificial intelligence (AI) in the remote patient monitoring market.

Major companies operating in the artificial intelligence (AI) in remote patient monitoring market are focusing on the integration of AI with wearable devices, such as an AI-powered ambulatory connected patient monitoring system, to gain a competitive advantage and optimize healthcare delivery. An AI-powered ambulatory connected patient monitoring system refers to a healthcare solution that combines artificial intelligence (AI) with ambulatory monitoring technology to continuously track and analyze a patient's vital signs and health metrics in real time. For instance, in October 2023, Dozee, an India-based medical equipment manufacturer, launched 'Dozee Pro Ex,' an innovative ambulatory connected patient monitoring system designed for global markets. This made-in-India solution features wireless wearable sensors for continuous monitoring of vital parameters, including ECG rhythm, blood pressure, heart rate, oxygen saturation, respiration rate, and temperature. Notably, 'Dozee Pro Ex' includes an AI-powered early warning system that analyzes vital parameter trends, delivering timely alerts for potential clinical deterioration. This next-generation product aims to redefine traditional healthcare boundaries by enabling 24/7 patient monitoring, whether individuals are in a hospital bed, off the bed, at a healthcare facility, or at home.

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Major Key Players of the Market:

Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, DexCom Inc, Cerner Corporation, Infosys BPM, Tunstall Healthcare, Connect America LLC, American Well, Biofourmis, Tempus, Merative L.P., Vivify Health, Clarify Health Solutions, Current Health, BioIntelliSense, Preventice Solutions, AiCure LLC, Orbita, MobileHelp, EarlySense, Gyant, Myia Labs, Sentrian, Biobeat, ChroniSense Medical Ltd., Somatix Inc., Twistle, HealthWatch Technologies

Artificial Intelligence (AI) In Remote Patient Monitoring Market 2024 Key Insights:

• The artificial intelligence (ai) in remote patient monitoring market is expected to grow to $5.31 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%.
• The Surging Role of Artificial Intelligence in Remote Patient Monitoring Fueled by Telemedicine Adoption
• The Emergence Of AI-Powered Ambulatory Connected Patient Monitoring Systems In Global Healthcare
• North America was the largest region in the artificial intelligence (AI) in remote patient monitoring market in 2023

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