Future of the Remote Patient Monitoring Devices And Equipment Market: Strategic Analysis and Forecast to 2034

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Remote Patient Monitoring Devices And Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for remote patient monitoring devices and equipment has seen a fast-paced expansion. It is poised to increase from $1.74 billion in 2024 to $1.98 billion in 2025, projecting a compound annual growth rate (CAGR) of 13.6%. Factors such as an aging population, management of chronic diseases, the widespread implementation of telehealth, and the reduction of healthcare costs, contributed to this growth during the historic period.

Remote Patient Monitoring Devices And Equipment Market Size Forecast: What's the Projected Valuation by 2029?
The market for remote patient monitoring devices and equipment is forecasted to experience significant expansion in the coming years, increasing to a worth of $3.52 billion in 2029, with a compound annual growth rate (CAGR) of 15.4%. The surge in the predicted period is due to the rise in healthcare digitization, regulatory backing, personalized medicine, and value-oriented healthcare. The future period will witness multiple trends like integration of remote monitoring, use of artificial intelligence (AI) and machine learning, expansion of telemonitoring, and wearable technology.

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What Are the Drivers Transforming the Remote Patient Monitoring Devices And Equipment Market?
The looming scarcity of trained healthcare workers, such as doctors and nurses, is fueling the demand for remote patient monitoring (RPM) devices and machinery in the market. With the rise in chronic disease patients, the task of monitoring these individuals becomes challenging due to constraints associated with time and cost. The anticipated shortage of nurses in the future, combined with the escalation in the quantity of chronic disease patients requiring monitoring, contributes to the expansion of the remote patient monitoring devices and equipment market. Mercer's report suggests that by 2025, the US will be in need of 2.3 million fresh healthcare workers, encompassing nurses, physicians, lab technicians, and other healthcare staff. Furthermore, the Bureau of Labor Statistics predicts an additional requirement for 203,700 new registered nurses annually by 2026, yet the supply is forecasted to only be 438,100 nurses up to 2026, substantially less than the demand. According to a projection by the World Health Organization (WHO), by 2030, there will be a shortage of 14.5 million healthcare professionals in low- and middle-income countries.

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What Trends Will Shape the Remote Patient Monitoring Devices And Equipment Market Through 2029 and Beyond?
Manufacturers of remote patient monitoring devices are progressively incorporating IoT and wireless technology into their products to effectively diagnose and manage health conditions. Technologies like wireless biosensor monitoring devices, which are multi-sensor systems placed within or on the skin, allow real-time patient health observation through a transmitting sensor. IoT technology equips healthcare providers with the ability to assess patients' health indicators remotely. These are compact, multi-sensing devices that support healthcare workers in monitoring elements such as blood pressure, blood glucose, and other physiological parameters, thereby prescribing the correct treatment. Among the key companies that provide patient monitoring devices integrated with IoT and wireless sensor technology are Xsensio, InSilixa, 1Drop Diagnostics, Kenzen.

Which Segments in the Remote Patient Monitoring Devices And Equipment Market Offer the Most Profit Potential?
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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Which Firms Dominate the Remote Patient Monitoring Devices And Equipment Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Remote Patient Monitoring Devices And Equipment Market?
Asia-Pacific was the largest region in the global remote patient monitoring devices and equipment market in 2024. 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.

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