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Artificial Intelligence (AI) In Remote Patient Monitoring Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Artificial Intelligence (AI) In Remote Patient Monitoring
What Is the Current Artificial Intelligence (AI) In Remote Patient Monitoring Market Size and Its Estimated Growth Rate?
The market size for artificial intelligence (AI) in remote patient monitoring has seen significant expansion in the last few years. The market is projected to increase from $2.23 billion in 2024 to $2.81 billion in 2025, showing a compound annual growth rate (CAGR) of 26.0%. The upswing seen in the historical period can be linked to a rise in chronic disease cases, advancements in data security, patient involvement through AI-oriented applications, consolidation with electronic health records (EHR), and the pressure to mitigate healthcare expenses.
The size of the remote patient monitoring market powered by artificial intelligence (AI) is projected to undergo substantial growth in the forthcoming years, escalating to $6.58 billion by 2029 with a compound annual growth rate (CAGR) of 23.7%. This projected growth during this forecast period is primarily due to global health challenges, regulatory backing, ongoing advancements in the domain of AI-enabled diagnosis tools, the take-up of telehealth, and expected evolution in predictive analytics. Prominent tendencies expected during this period encompass wearable technology, AI algorithm enhancements, cybersecurity and data privacy measures, as well as personalized healthcare and treatment approaches.
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How Are Emerging Segments Shaping the Artificial Intelligence (AI) In Remote Patient Monitoring Market Landscape?
The artificial intelligence (AI) in remote patient monitoring market covered in this report is segmented -
1) By Solution: Software, Hardware, Services
2) By Product: Vital Monitors, Special Monitors, Other Products
3) By Technology: Natural Language Processing, Machine Learning, Querying Method, Speech Recognition
4) By Application: Diabetes, Respiratory Issues, Weight Management And Fitness Monitoring, Cancer, Dehydration, Cardiovascular Diseases, Sleep Disorder, Viral Infection, Other Applications
Subsegments:
1) By Software: Predictive Analytics, Data Management, Monitoring Platforms, Mobile Applications
2) By Hardware: Wearable Devices, Sensors, Medical Devices
3) By Services: Implementation Services, Training And Education Services, Support And Maintenance Services
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Which Growth Factors Are Influencing Artificial Intelligence (AI) In Remote Patient Monitoring Market Expansion?
Anticipated growth in the artificial intelligence (AI) sector of the remote patient monitoring market is being propelled by the increasing acceptance of telemedicine. Telemedicine, which relies on telecommunications technology including video and phone calls or online messaging, allows for medical services to be provided from afar. With AI integrated into remote patient monitoring, these data streams can be analysed in real-time. This allows for early detection of minor changes, enabling healthcare professionals to intervene before a situation becomes critical. In February 2023, Rock Health, a US-based non-profit, disclosed that according to a 2022 survey, 80% of individuals had used telemedicine services at some juncture, an increase of eight percentage points from 72% in the previous year. Consequently, the growing appeal and usage of telemedicine is expected to fuel the growth of AI within the remote patient monitoring market.
Who Are the Dominant Players Across Different Artificial Intelligence (AI) In Remote Patient Monitoring Market Segments?
Major companies operating in the artificial intelligence (AI) in remote patient monitoring market report are 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
What Are the Latest Developing Trends in the Artificial Intelligence (AI) In Remote Patient Monitoring Market?
Key players in the AI in remote patient monitoring sector are concentrating on merging artificial intelligence with wearable technology, such as an AI-equipped ambulatory linked patient monitoring system, as a strategic move to achieve an edge in the marketplace and improve healthcare services. A patient monitoring system powered by AI and connected ambulatory is essentially a healthcare approach that incorporates artificial intelligence with ambulatory monitoring tools to consistently track and interpret a patient's health indicators and vital signs in real time. For example, in October 2023, Dozee, a medical instrument manufacturing company from India, unveiled its innovation 'Dozee Pro Ex,' an ambulatory patient monitoring system connected internationally. This product, developed in India, includes wireless wearable sensors for nonstop observation of crucial aspects like ECG rhythm, blood pressure, pulse rate, oxygen levels, respiration frequency, and body temperature. Importantly, 'Dozee Pro Ex' has an AI-enabled proactive warning system that monitors significant parameter trends, providing prompt notifications for probable clinical deterioration. The aim of this new-age product is to transform the norms of traditional healthcare by facilitating round-the-clock patient monitoring, regardless of whether they are in a hospital bed, away from the bed, at a healthcare center, or at home.
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Which Geographic Regions Are Expected to Dominate the Artificial Intelligence (AI) In Remote Patient Monitoring Market in the Coming Years?
North America was the largest region in the artificial intelligence (AI) in remote patient monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in remote patient monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) In Remote Patient Monitoring Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) In Remote Patient Monitoring Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) In Remote Patient Monitoring Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) In Remote Patient Monitoring Market?
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