Strong Growth Ahead: Remote Patient Monitoring Devices And Equipment Market Size To Grow At Arecord 15% Cagr By 2029

The Remote Patient Monitoring Devices And Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Remote Patient Monitoring Devices And Equipment Market Size Expected to Be by 2034?
The remote patient monitoring devices and equipment market has expanded rapidly in recent years. It will increase from $1.66 billion in 2024 to $1.9 billion in 2025, reflecting a CAGR of 14.6%. This growth is attributed to the aging population, the need for chronic disease management, the adoption of telehealth, and efforts to reduce healthcare costs.

The remote patient monitoring devices and equipment market is forecasted to expand rapidly, hitting $3.33 billion by 2029 with a CAGR of 15.0%. Growth is expected due to digitized healthcare systems, favorable regulations, personalized care models, and value-based healthcare. Leading trends involve integration with remote monitoring platforms, AI and ML applications, broader telemonitoring use, and wearable tech.

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What Are the Emerging Segments Within the Remote Patient Monitoring Devices And Equipment Market?
The remote patient monitoring devices and equipment market covered in this report is segmented -

1) By Type Of Device: Heart Monitors, Breath Monitors, Haematology Monitors, Multi-Parameter Monitors
2) By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Monitoring And Fitness Monitoring, Other Applications
3) By End User: Home Care Settings, Clinics, Hospitals

Subsegments:
1) By Heart Monitors: ECG Monitors, Event Monitors, Implantable Loop Recorders, Mobile Cardiac Telemetry Devices
2) By Breath Monitors: Spirometers, Peak Flow Meters, Capnographs, Pulse Oximeters
3) By Haematology Monitors: Blood Glucose Monitors, Coagulation Monitors, Hemoglobin Monitors
4) By Multi-Parameter Monitors: Portable Multi-Parameter Monitors, Fixed Multi-Parameter Monitors

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What Long-Term Drivers Are Shaping Remote Patient Monitoring Devices And Equipment Market Trends?
The growing shortage of skilled healthcare professionals is driving the remote patient monitoring (RPM) devices market. As chronic diseases rise, the demand for monitoring devices is increasing, especially with a projected shortfall in healthcare workers. By 2025, the U.S. will need 2.3 million new healthcare workers, and the WHO predicts a deficit of 14.5 million healthcare professionals globally by 2030, further accelerating the demand for RPM devices.

Who Are the Top Competitors in Key Remote Patient Monitoring Devices And Equipment Market Segments?
Major companies operating in the remote patient monitoring devices and equipment market include Philips Healthcare, Honeywell International Inc., GE Healthcare, Medtronic plc, Boston Scientific Corporation, Johnson & Johnson, Biotronik, Robert Bosch GmbH, COVIDien Plc., American Telecare Inc., Intel Corporation, Welch Allyn Inc., Health Anywhere Inc., Global Media Group LLC, AMD Global Telemedicine Inc., Bayer Healthcare AG, IBM Watson, accenture* plc, Telesofia Medical Ltd., Boehringer Ingelheim GmbH, Eliza Corporation, Natus Medical Inc., Nihon Kohden Corporation, Compumedics, DexCom Inc., Abbott Laboratories, Aerotel Medical Systems Ltd., GYANT Health, Vitls Inc., Medopad, Polso

What Are the Major Trends Shaping the Remote Patient Monitoring Devices And Equipment Market?
Manufacturers of remote patient monitoring devices are integrating IoT and wireless technology to enhance diagnosis and treatment. These devices, such as biosensors, enable healthcare professionals to monitor critical health parameters like blood pressure and glucose levels remotely. Companies like Xsensio, InSilixa, and 1Drop Diagnostics are leading this trend by offering advanced monitoring devices for real-time health data collection.

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Which Regions Are Becoming Hubs for Remote Patient Monitoring Devices And Equipment Market Innovation?
Asia-Pacific was the largest region in the global remote patient monitoring devices and equipment market in 2023. North America was the second-largest region in the remote patient monitoring devices and equipment market. The regions covered in the remote patient monitoring devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Remote Patient Monitoring Devices And Equipment Market?
2. What is the CAGR expected in the Remote Patient Monitoring Devices And Equipment Market?
3. What Are the Key Innovations Transforming the Remote Patient Monitoring Devices And Equipment Industry?
4. Which Region Is Leading the Remote Patient Monitoring Devices And Equipment Market?

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