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Comprehensive 2025 Remote Health Monitoring Market Overview: Trends, Forecasts, and Growth Drivers
Remote Health Monitoring
What Is the Expected CAGR for the Remote Health Monitoring Market Through 2025?
The market size of remote health monitoring has expanded expeditiously in the last few years. Its value is expected to rise from $5.66 billion in 2024 to $6.54 billion in 2025, marking a significant compound annual growth rate (CAGR) of 15.6%. The remarkable growth observed in the historical period is primarily attributed to factors such as an increase in the aging population and chronic diseases, widespread adoption of telemedicine, government initiatives and regulatory policies, a preference for home-based care among patients, and the cost-effectiveness of healthcare delivery.
What's the Projected Size of the Global Remote Health Monitoring Market by 2029?
The market size for remote health monitoring is set to experience significant growth in the coming years, reaching a value of $11.36 billion in 2029, with a compound annual growth rate (CAGR) of 14.8%. This anticipated expansion within the forecasted period can be linked to factors such as the rapid integration of the Internet of Things (IoT) in healthcare, the implementation of artificial intelligence, readiness and response to pandemics, remote patient observation in clinical trials, and an increased emphasis on preventive healthcare. The future trends expected during this forecast period are the evolution of wearable technology, management of chronic diseases, IoT connectivity, data security and confidentiality, and remote patient monitoring in elderly care.
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Top Growth Drivers in the Remote Health Monitoring Industry: What's Accelerating the Market?
The increasing number of elderly individuals worldwide is significantly fueling the expansion of the remote health monitoring sector. The term "old age population" pertains to those who are 65 years or older. The growth in this demographic is due to reduced fertility rates and better longevity, leading to a demographic transformation with a larger portion of the population becoming elderly. Remote health monitoring is a method utilized to keep track of the health conditions of the elderly from afar, thus, aiding in the early detection of any health worsening by monitoring their physiological data. To illustrate, the UK Parliament's House of Commons Library, a government administration based in the UK, reported in July 2024 that approximately 12.7 million UK residents, or 19% of the total population, were 65 years and older in 2022. This number is projected to rise to 22.1 million by 2072, which will represent 27% of the population. Hence, the surge in the global old age population is set to propel the growth of the remote health monitoring market.
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What Trends Will Shape the Remote Health Monitoring Market Through 2029 and Beyond?
The surge in technological innovations is currently shaping the remote health monitoring market's key trends. Most top-tier firms in this market are intent on incorporating emerging technologies like cloud computing and artificial intelligence (AI) into their remote health monitoring systems for more accuracy. AI and machine learning rely on complex data models to allow a computer to learn indirectly. This facilitates significant changes in the scale at which healthcare companies handle remote patient monitoring, thereby enhancing patient results. Case in point, in November 2023, the health technology firm from the Netherlands, Royal Philips, initiated its HealthSuite Imaging specialty. This specialty focuses on offering a cloud-based picture archiving and communication system (PACS) designed to streamline radiology and imaging processes. The emphasis is on offering fast remote access for diagnostic readings, amalgamated reporting, and AI-based workflow coordination. With the use of groundbreaking technologies, HealthSuite Imaging improves the study interpretation and reporting, uplifts operational competence, and increases the quality of patient care.
What Are the Main Segments in the Remote Health Monitoring Market?
The remote health monitoring market covered in this report is segmented -
1) By Devices: Respiratory Monitoring, Blood Glucose Monitoring, Cardiac Monitoring, Multi-Parameter Monitoring
2) By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management And Fitness Monitoring, Other Applications
3) By End-User: Home Care Settings, Hospitals Or Clinics, Other End-Users
Subsegments:
1) By Respiratory Monitoring: Spirometers, Pulse Oximeters, Capnometers, Respiratory Rate Monitors
2) By Blood Glucose Monitoring: Glucometers, Continuous Glucose Monitors (CGMs), Smart Insulin Pens
3) By Cardiac Monitoring: ECG Monitors, Holter Monitors, Implantable Cardiac Monitors, Blood Pressure Monitors
4) By Multi-Parameter Monitoring: Vital Sign Monitors, Telemetry Systems, Wearable Health Monitors
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Which Top Companies are Driving Growth in the Remote Health Monitoring Market?
Major companies operating in the remote health monitoring market include Nihon Kohden Corporation, Koninklijke Philips NV, Omron Corporation, F. Hoffmann-La Roche Ltd., American Telecare Inc., GE Healthcare Company, Masimo Corporation, Abbott Laboratories, Biotronik SE & Co. KG, Athelas Inc., Capterra Inc., Dexcom Inc., Senseonics Holdings Inc., Medtronic plc, Health Recovery Solutions Inc., Babyscripts Inc., TytoCare Ltd., Accuhealth Inc., Vivify Health Inc., Get Well Network Inc., VitalTech Holdings Inc., Rimidi Inc., SeamlessMD Inc., Raziel Health Inc., Conversa Health Inc.
Which Regions Will Dominate the Remote Health Monitoring Market Through 2029?
North America was the largest region in the remote health monitoring market in 2024. The regions covered in the remote health monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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