- Heart Monitors,
- Breath Monitors,
- Hematology Monitors,
- Multi-parameter Monitors,
- Other Types of Devices
Remote Patient Monitoring Devices Market size was valued at USD 3273.5 million in 2022. It is expected to reach a value of USD 8,868.2 million by 2029, growing at a CAGR of 15.3% during the forecast period 2023 to 2029. 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 remote patient monitoring devices 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.
Remote Patient Monitoring Devices Market 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.
North America Got Significant Share
Remote Patient Monitoring Devices Market Regional Analysis
North America took the lead in the remote patient monitoring devices market, capturing a significant share of 42.57% in the total market. On the other hand, the Asia-Pacific region is poised for rapid growth, projected to be the fastest-growing sector with an impressive Compound Annual Growth Rate (CAGR) of 13.49%. This surge in growth can be attributed to the region's abundant untapped opportunities and the increasing prevalence of chronic diseases, which have been instrumental in driving market expansion.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The 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
Remote Patient Monitoring Devices Market Segmentation
By Type
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
Frequently Asked Questions
The remote patient monitoring devices market growing at a CAGR of 15.3% during 2023-2029
The major players in the global remote patient monitoring devices 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 remote patient monitoring devices market
| 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,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Heart Monitors |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 6.1. Cancer Treatment |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 7.1. Home Care Settings |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 9. North America Remote Patient Monitoring DevicesMarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 9.1. Type of Device Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.6. North America Remote Patient Monitoring Devices Market Dynamics - Trends |
| 10. Europe Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 10.1. Type of Device Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.6. Europe Remote Patient Monitoring Devices Market Dynamics - Trends |
| 11. Asia-Pacific Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 11.1. Type of Device Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.6. Asia-Pacific Remote Patient Monitoring Devices Market Dynamics - Trends |
| 12. Latin America Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 12.1. Type of Device Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 12.6. Latin America Remote Patient Monitoring Devices Market Dynamics - Trends |
| 13. Middle East and Africa Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)Â |
| 13.1. Type of Device Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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.