Remote Patient Monitoring Market Summary
As per Market Research Future Analysis, the Remote Patient Monitoring Market was valued at USD 18.23 Billion in 2023 and is projected to reach USD 88.92 Billion by 2032, growing at a CAGR of 19.30% from 2024 to 2032. Key drivers include the increasing geriatric population and rising investments in telemedicine. The market is segmented into devices and services, with services holding the majority share. Cardiovascular diseases dominate application segments, while hospitals lead in end-users. North America accounted for USD 1.00 Billion in 2022, with significant growth expected in the Asia-Pacific region.
Key Market Trends & Highlights
The Remote Patient Monitoring market is witnessing significant growth driven by technological advancements and demographic shifts.
- Market Size in 2023: USD 18.23 Billion.
- Projected Market Size by 2032: USD 88.92 Billion.
- CAGR from 2024 to 2032: 19.30%.
- Majority market share held by services segment in 2022.
Market Size & Forecast
2023 Market Size | USD 18.23 Billion |
2024 Market Size | USD 21.67 Billion |
2032 Market Size | USD 88.92 Billion |
Major Players
Key players include Koninklijke Philips N.V., Medtronic plc, GE Healthcare, Cerner Corporation, Siemens Healthineers AG, OMRON Healthcare, Boston Scientific Corporation, Abbott Laboratories, Nihon Kohden Corporation, OSI Systems, Inc.