Remote Patient Monitoring Devices Market : By Type of Device, By Application, By End User and Geography

Remote Patient Monitoring Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type of Device (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, Other Types of Devices), By Application (Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management and Fitness Monitoring, Other Applications), By End User (Home Care Settings, Hospital/Clinics, Other End Users) and Region

Remote Patient Monitoring Devices Market size was valued at US$ 3273.5 million in 2023, expected to reach a value of US$ 8,868.2 million by 2030, growing at a CAGR of 15.3% from 2024 to 2030. The global market provides a detailed overview, which has been segmented by device, application, and end user. By type of device, the market has been segmented into Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Others. The heart monitors component segment is likely the most significant and fastest-growing segment in terms of the type of device.

The market has been segmented into Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management, and Fitness Monitoring, among others. The diabetes treatment segment gains the maximum revenue share in the market. Based on the end user, the remote patient monitoring devices are segmented into Home Care Settings, Hospitals/Clinics, and Others. According to precision business insights, the hospital/clinics segment is predicted to register the fastest growth rate during the forecast period.

Key Developments

  • In 2020, Philips, Launched the Avalon CL Fetal and Maternal Pod and Patched for remote monitoring in the US, Europe, Australia, New Zealand, and Singapore to support fetal and maternal monitoring.

Remote Patient Monitoring Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

15.3%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Remote Patient Monitoring Devices Market Dynamics

Due to the rapidly expanding global population and growth in chronic diseases, there has been an increased need for healthcare infrastructure improvements, telehealth cost savings, and remote patient monitoring technology in recent years.

Remote Patient Monitoring Devices Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 3273.5 million

Market Size in 2030

US$ 8,868.2 million

Market CAGR

15.3%

By Type

  • Heart Monitors,
  • Breath Monitors,
  • Hematology Monitors,
  • Multi-parameter Monitors,
  • Other Types of Devices

By Application

  • Cancer Treatment,
  • Cardiovascular Diseases,
  • Diabetes Treatment,
  • Sleep Disorder,
  • Weight Management and Fitness Monitoring,
  • Other Applications

By End User

  • Home Care Settings,
  • Hospital/Clinics,
  • Other End Users

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Key Features of the Report

  • The remote patient monitoring devices market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Remote patient monitoring devices market size was valued US$ 3273.5 Mn in 2023, set to reach a value US$ 8,868.2 Mn by 2030, growing at a CAGR 15.3%

The major players in the market are Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers AG Germany, OMRON Healthcare (Japan), Boston Scientific Corporation (US), Abbott Laboratories (US), Resideo Life Care Solutions (US), Vivify Health, Inc. (US), and ALTEN Calsoft Labs (France).

Asia Pacific is the fastest-growing region for the market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Remote Patient Monitoring Devices Market Introduction
2.1. Global Remote Patient Monitoring Devices Market - Taxonomy
2.2. Global Remote Patient Monitoring Devices Market -Definitions
2.2.1. By Type of Device
2.2.2. By Application
2.2.3. By End User
3. Global Remote Patient Monitoring Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Remote Patient Monitoring Devices Market Dynamic Factors - Impact Analysis
3.6. Global Remote Patient Monitoring Devices Market - Competition Landscape
4. Global Remote Patient Monitoring Devices Market Analysis, 2019-2023 and Forecast, 2024-2030
4.1. Market Analysis,2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Remote Patient Monitoring Devices Market, By Type of Device, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1. Heart Monitors
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Breath Monitors
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Hematology Monitors
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Multi-parameter Monitors
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Other Types of Devices
5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Remote Patient Monitoring Devices Market Forecast, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Cancer Treatment
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cardiovascular Diseases
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Diabetes Treatment
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Sleep Disorder
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Weight Management and Fitness Monitoring
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Other Applications
6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
7. Global Remote Patient Monitoring Devices Market Forecast, By End User, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
7.1. Home Care Settings
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Hospital/Clinics
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Other End Users
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Remote Patient Monitoring Devices Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Remote Patient Monitoring Devices Market - Opportunity Analysis Index, By Type of Device, By Application, End User and Region, 2024-2030
9. North America Remote Patient Monitoring DevicesMarketAnalysis,2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
9.1. Type of Device Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Heart Monitors
9.1.2. Breath Monitors
9.1.3. Hematology Monitors
9.1.4. Multi-parameter Monitors
9.1.5. Other Types of Devices
9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Cancer Treatment
9.2.2. Cardiovascular Diseases
9.2.3. Diabetes Treatment
9.2.4. Sleep Disorder
9.2.5. Weight Management and Fitness Monitoring
9.2.6. Other Applications
9.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Home Care Settings
9.3.2. Hospital/Clinics
9.3.3. Other End Users
9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Remote Patient Monitoring Devices Market - Opportunity Analysis Index, By Type of Device, By Application, End User and Country, 2024-2030
9.6. North America Remote Patient Monitoring Devices Market Dynamics - Trends
10. Europe Remote Patient Monitoring Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
10.1. Type of Device Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Heart Monitors
10.1.2. Breath Monitors
10.1.3. Hematology Monitors
10.1.4. Multi-parameter Monitors
10.1.5. Other Types of Devices
10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Cancer Treatment
10.2.2. Cardiovascular Diseases
10.2.3. Diabetes Treatment
10.2.4. Sleep Disorder
10.2.5. Weight Management and Fitness Monitoring
10.2.6. Other Applications
10.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Home Care Settings
10.3.2. Hospital/Clinics
10.3.3. Other End Users
10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Remote Patient Monitoring Devices Market - Opportunity Analysis Index, By Type of Device, By Application, End User and Country, 2024-2030
10.6. Europe Remote Patient Monitoring Devices Market Dynamics - Trends
11. Asia-Pacific Remote Patient Monitoring Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
11.1. Type of Device Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Heart Monitors
11.1.2. Breath Monitors
11.1.3. Hematology Monitors
11.1.4. Multi-parameter Monitors
11.1.5. Other Types of Devices
11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Cancer Treatment
11.2.2. Cardiovascular Diseases
11.2.3. Diabetes Treatment
11.2.4. Sleep Disorder
11.2.5. Weight Management and Fitness Monitoring
11.2.6. Other Applications
11.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Home Care Settings
11.3.2. Hospital/Clinics
11.3.3. Other End Users
11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Remote Patient Monitoring Devices Market - Opportunity Analysis Index, By Type of Device, By Application, End User and Country, 2024-2030
11.6. Asia-Pacific Remote Patient Monitoring Devices Market Dynamics - Trends
12. Latin America Remote Patient Monitoring Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
12.1. Type of Device Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Heart Monitors
12.1.2. Breath Monitors
12.1.3. Hematology Monitors
12.1.4. Multi-parameter Monitors
12.1.5. Other Types of Devices
12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Cancer Treatment
12.2.2. Cardiovascular Diseases
12.2.3. Diabetes Treatment
12.2.4. Sleep Disorder
12.2.5. Weight Management and Fitness Monitoring
12.2.6. Other Applications
12.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Home Care Settings
12.3.2. Hospital/Clinics
12.3.3. Other End Users
12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Remote Patient Monitoring Devices Market - Opportunity Analysis Index, By Type of Device, By Application, End User and Country, 2024-2030
12.6. Latin America Remote Patient Monitoring Devices Market Dynamics - Trends
13. Middle East and Africa Remote Patient Monitoring Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) 
13.1. Type of Device Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Heart Monitors
13.1.2. Breath Monitors
13.1.3. Hematology Monitors
13.1.4. Multi-parameter Monitors
13.1.5. Other Types of Devices
13.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Cancer Treatment
13.2.2. Cardiovascular Diseases
13.2.3. Diabetes Treatment
13.2.4. Sleep Disorder
13.2.5. Weight Management and Fitness Monitoring
13.2.6. Other Applications
13.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Home Care Settings
13.3.2. Hospital/Clinics
13.3.3. Other End Users
13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Remote Patient Monitoring Devices Market - Opportunity Analysis Index, By Type of Device, By Application, End User and Country, 2024-2030
13.6. MEA Remote Patient Monitoring Devices Market Dynamics - Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Koninklijke Philips N.V.
14.2.2. GE Healthcare
14.2.3. Boston Scientific Corporation
14.2.4. Omron Healthcare
14.2.5. Medtronic Plc.
14.2.6. Welch Allyn
14.2.7. Abbott Laboratories
14.2.8. Masimo Corporation
14.2.9. Hoffmann-La Roche Ltd.
14.2.10. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • Koninklijke Philips N.V.
  • GE Healthcare
  • Boston Scientific Corporation
  • Omron Healthcare
  • Medtronic Plc.
  • Welch Allyn
  • Abbott Laboratories
  • Masimo Corporation
  • Hoffmann-La Roche Ltd.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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