North America Remote Patient Monitoring Market Trends, Sales, Supply, Demand and Analysis by Forecast to 2028

Market Introduction
North America is largest market for remote patient monitoring with the US holding the largest market share followed by Canada. U.S. is the largest market for the remote patient monitoring. The growth of market is due to the factors such as increase in the demand of remote patient monitoring devices from hospitals & clinics, rise prevalence in the cardiovascular disease, and home healthcare in the US and the rise in the geriatric population in U.S. In addition, the country is far ahead from the other developed and developing countries in terms of technology. The advancement in the technology has forced to develop various remote patient monitoring devices and technologies that are used for its applications However, the veterans in healthcare industry are reluctant to the adoption of remote patient monitoring systems which is restraining the remote patient monitoring devices market. The companies in the region are growing due to the adoption of the strategic steps such as agreements, collaboration, product launches and many more. For instance, in Jan 2019, NewYork-Presbyterian Hospital and Philips team up for remote patient monitoring. NewYork-Presbyterian Hospital has planned to expand its virtual care capabilities with remote monitoring services from Philips. The doctors at Weill Cornell Medicine will utilize the Philips eCareCoordinator and eCareCompanion solutions under hospital affiliation. The use of remote patient monitoring devices can help to cut the chronic disease treatment cost and duration. For instance, coronary artery disease is among the leading cause of the morbidity and mortality in the well matured countries. As per the Center of Disease Control report, one out of four deaths are attributed to coronary artery disease. The coronary artery diseases cost human, productivity, more than US$ 100 billion per year in US. In addition, the recently published report by the American Heart Association in 2018 states that one of every three deaths are caused due to cardiovascular diseases. Approximately 2,300 Americans die of cardiovascular disease per year and an average of one death is recorded in every 38 seconds.

Exploring the Growth of the North America Remote Patient Monitoring Market

The North America Remote Patient Monitoring Market has witnessed significant growth over the past few years, driven by the rising need for efficient and real-time healthcare solutions. Remote patient monitoring (RPM) refers to the use of digital technologies to collect medical data from patients outside traditional healthcare settings, such as in the home, and electronically transmit that information to healthcare providers for assessment and recommendations. This approach not only enhances patient care but also reduces the burden on healthcare systems. One of the primary factors fueling the expansion of the North America Remote Patient Monitoring Market is the increasing prevalence of chronic diseases, including diabetes, hypertension, and cardiovascular conditions. With a growing aging population, the demand for continuous health monitoring has increased, encouraging the adoption of RPM technologies. These tools allow healthcare professionals to monitor vital signs and symptoms remotely, thereby improving patient outcomes and preventing complications.

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In addition, the growing integration of advanced technologies such as artificial intelligence, wearable devices, and Internet of Things (IoT) solutions has further strengthened the North America Remote Patient Monitoring Market. These innovations have made it possible to gather accurate and real-time health data, enabling proactive medical intervention. Wearables like smartwatches and biosensors are becoming increasingly popular among patients, promoting greater engagement in personal health management.

The COVID-19 pandemic played a crucial role in accelerating the development of the North America Remote Patient Monitoring Market. During the crisis, hospitals and clinics were overwhelmed with patient loads, making remote monitoring an essential component of care delivery. As healthcare providers sought to minimize in-person contact, RPM emerged as a safe and effective alternative to manage patients with mild symptoms and those with chronic conditions requiring ongoing care.

Furthermore, government support and favorable reimbursement policies have helped boost the North America Remote Patient Monitoring Market. Public and private healthcare systems are investing in digital health infrastructure to meet the rising demand for remote care services. These efforts are aimed at reducing hospital readmissions, lowering healthcare costs, and enhancing the overall quality of care.

The increasing awareness among patients about the benefits of remote monitoring is also playing a pivotal role in the growth of the North America Remote Patient Monitoring Market. Patients appreciate the convenience, safety, and empowerment that comes with being able to monitor their health from the comfort of their homes. This shift in patient preference is encouraging healthcare systems to adopt and integrate RPM solutions into their service offerings.

Despite the positive trends, the North America Remote Patient Monitoring Market still faces certain challenges. Data privacy concerns, lack of standardization, and the need for robust connectivity infrastructure in rural areas are some of the barriers to widespread adoption. However, with continued investment in digital health and increased awareness of its benefits, these challenges are expected to diminish over time. In conclusion, the North America Remote Patient Monitoring Market is poised for continued expansion as healthcare moves toward more personalized, data-driven, and technology-enabled models of care. By enhancing access, improving patient outcomes, and reducing costs, remote patient monitoring is shaping the future of healthcare in North America.

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The List of Companies

Medtronic

Koninklijke Philips N.V.

Boston Scientific Corporation

Abbott

OMRON Corporation

Siemens Healthineers AG

Nihon Kohden Corporation

General Electric Company

VitalConnect

Cerner Corporation

Market Overview and Dynamics

The remote patient monitoring market in North America is expected to grow from US$ 11,540.64 million in 2021 to US$ 76,657.92 million by 2028; it is estimated to grow at a CAGR of 31.1% from 2021 to 2028. Various developing and under-developed countries still do not have access to healthcare facilities. The patients from these places must travel a long way to get their routine checkups done from healthcare professionals. Remote patient monitoring and IoT enabled healthcare devices can help these patients to communicate as well as get diagnosed and monitored with the healthcare professionals from their homes, thus saving the time and cost involved in travelling. The expansion of IoT and connected healthcare services in such locations can be a prospective taken into consideration by the major companies operating in the remote patient monitoring devices in healthcare market.

One of the primary drivers of the market is the rising burden of chronic diseases such as diabetes, hypertension, cardiovascular ailments, and respiratory disorders. These conditions require continuous monitoring and management to prevent complications. RPM allows patients to remain in the comfort of their homes while healthcare providers can monitor their health metrics in real-time. This not only enhances the quality of care but also reduces the cost associated with frequent hospital visits and long-term stays.

The aging population across North America also significantly contributes to the growth of this market. As people age, they become more susceptible to chronic illnesses and often require regular monitoring. Remote patient monitoring technologies offer a non-intrusive and convenient way to manage the health of elderly patients. Devices like wearable sensors, pulse oximeters, blood pressure monitors, and glucose meters have made it easier to track vital health parameters. These tools are increasingly being integrated into comprehensive healthcare plans, allowing for a proactive approach to patient care.

Technological advancements play a critical role in propelling the RPM market forward. Innovations in wireless connectivity, artificial intelligence, data analytics, and cloud computing have vastly improved the accuracy, usability, and reliability of monitoring systems. These technologies enable real-time data transmission, sophisticated analysis, and timely alerts, all of which support better clinical decision-making. The integration of RPM systems with electronic health records allows for seamless data exchange and enhances continuity of care.

The healthcare system in North America is increasingly shifting toward value-based care, where the focus is on patient outcomes and cost efficiency rather than the volume of services provided. Remote patient monitoring fits perfectly into this model by emphasizing prevention, early intervention, and continuous care. With RPM, healthcare providers can identify potential health issues before they become serious, intervene promptly, and personalize treatment strategies. This approach not only improves patient satisfaction but also contributes to overall healthcare cost savings.

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