Implantable Remote Patient Monitoring Devices Market Growth Accelerates: Strategic Forecast Predicts $22.59 Billion by 2029

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What Will the Implantable Remote Patient Monitoring Devices Industry Market Size Be by 2025?
The market for implantable remote patient monitoring devices has experienced a substantial increase in size recently. It's predicted to escalate from $8.39 billion in 2024 to $10.26 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 22.2%. The expansion in the preceding period is due to a boom in chronic and cardiovascular illnesses, a surge in demand for early detection and continuous surveillance, the growth of the elderly population needing long-term assistance, a progressing shift to home-based healthcare, and ballooning healthcare prices promoting preventive supervision.

What's the Long-Term Growth Forecast for the Implantable Remote Patient Monitoring Devices Market Size Through 2029?
In the coming years, the market for implantable remote patient monitoring devices is predicted to witness remarkable growth, reaching $22.59 billion by 2029 with a compound annual growth rate (CAGR) of 21.8%. This expected growth throughout the forecast period can be associated with the increasing government backing and coverage of reimbursement, the rising consciousness regarding personalised and precision medicine, increased investment in digital health and MedTech startups, and a rise in cases of post-surgery complications and rehospitalisations. The expected trends in the forecast period include progress in miniaturization and biocompatible materials, the incorporation of artificial intelligence (AI) and machine learning for anticipative analytics, technological convergence with 5g and Internet of Things (IoT) networks, advancements in implants that do not require batteries and instead harvest energy, along with progress in cybersecurity protocols for medical implants.

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What Are the Key Growth Drivers Fueling the Implantable Remote Patient Monitoring Devices Market Expansion?
The growth of the market for implantable remote patient monitoring devices is anticipated to be driven by the rising acceptance of telehealth services. Telehealth services, which are delivered remotely via phone, video calls, or apps, enable patients to receive medical advice without physically visiting a hospital or clinic. The escalating use of telehealth arises from the surging requirement for constant, real-time tracking of health for patients suffering from chronic diseases, as it creates an opportunity for prompt medical treatment devoid of repetitive hospital admissions. Telehealth services enhance implantable remote patient monitoring devices by facilitating instant data transfer between patients and healthcare providers, aiding in swift medical decisions while lessening the demand for face-to-face appointments. It betters the management of chronic illnesses by providing persistent surveillance and instant intervention, thereby augmenting the efficacy of healthcare and comfort of the patients. For instance, the Australian Digital Health Agency, reveals that from March 2020 to July 2022, above 95,000 professionals had employed telehealth services, and 118.2 million such services were administered to 18 million patients. Consequently, the rising implementation of telehealth services is fuelling the expansion of the implantable remote patient monitoring devices market.

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What Are the Key Trends Driving Implantable Remote Patient Monitoring Devices Market Growth?
Key players in the implantable remote patient monitoring devices market are channeling their efforts into the creation of superior products like implantable cardiac monitors. This strategy aims to improve the precision of monitoring in cases of cardiac arrhythmias. An implantable cardiac monitor (ICM), also referred to as an implantable loop recorder (ILR), is a minuscule device inserted just under the skin, usually on the chest's left side. Its purpose is to monitor and record cardiac electrical activity over an extended period consistently. For instance, Biotronik AG, a medical technology firm based in Switzerland, unveiled the BIOMONITOR IV implantable cardiac monitor in June 2023. This cutting-edge ICM combines BIOTRONIK's SmartECG technology with artificial intelligence, reducing false positive detections by 86% while still catching 98% of true events. The monitor can also differentiate between premature atrial contractions (PACs) and premature ventricular contractions (PVCs), thereby equipping healthcare professionals with superior risk stratification and diagnostic tools.

How Is the Implantable Remote Patient Monitoring Devices Market Segmented?
The implantable remote patient monitoring devices market covered in this report is segmented

1) By Product: Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Weight Monitoring Devices, Other Products
2) By Application: Cardiovascular Diseases, Neurological Disorders, Diabetes, Other Applications
3) By End User: Hospital, Ambulatory Surgery Centers, Home Care Settings, Other End Users

Subsegments:
1) By Blood Glucose Monitoring Systems: Continuous Glucose Monitoring (CGM) Devices, Self-Monitoring Blood Glucose (SMBG) Devices, Lancets And Lancing Devices, Glucose Test Strips, Blood Glucose Meters,
2) By Cardiac Monitoring Devices: Electrocardiogram (ECG) Devices, Implantable Loop Recorders, Holter Monitors, Event Monitors, Mobile Cardiac Telemetry Devices,
3) By Weight Monitoring Devices: Digital Weighing Scales, Smart Body Composition Monitors, Infant Scales, Chair Scales, Bed Scales,
4) By Other Products: Respiratory Monitoring Devices, Multiparameter Monitors, Fetal And Neonatal Monitoring Devices, Temperature Monitoring Devices, Neuromonitoring Devices

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Which Companies Are Leading the Charge in Implantable Remote Patient Monitoring Devices Market Innovation?
Major companies operating in the implantable remote patient monitoring devices market are Abbott Laboratories, Honeywell Life Sciences, Medtronic plc, Siemens Healthineers, Philips Healthcare, GE HealthCare Technologies Inc., Boston Scientific Corporation, Dexcom Inc., Zoll Medical Corporation, Nihon Kohden Corporation, LivaNova PLC, MicroPort Scientific Corporation, iRhythm Technologies Inc., NeuroPace Inc., Profusa Inc., Senseonics Holdings Inc., Xeltis AG, GlySens Inc., Kenzen Inc., Qura Inc.

Which Regions Are Leading the Global Implantable Remote Patient Monitoring Devices Market in Revenue?
North America was the largest region in the implantable remote patient monitoring devices market in 2024. The regions covered in the implantable remote patient monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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