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Press Release:

Global Remote Patient Monitoring Market to Witness Strong Growth During 2020-2025, Propelled by Rising Home-Based Healthcare

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Remote Patient Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global remote patient monitoring market reached a value of US$ 964 Million in 2020 The global remote patient monitoring (RPM) is a subset of telehealth that utilizes digital technologies to collect medical and other forms of data about the patient outside the healthcare setting. This data generally comprises weight, blood pressure, blood sugar, blood oxygen levels, heart rate and electrocardiograms, which are transmitted to healthcare providers using a telehealth computer system and software that can be installed on a computer, smartphone and tablet. RPM aids health professionals in monitoring the condition and improving the quality of care given to patients from anywhere around the world.

Global Remote Patient Monitoring Market Report
 

One of the leading factors driving the RPM market is the coronavirus disease (COVID-19) pandemic. On account of the highly infectious nature of the virus, healthcare providers across the globe are utilizing RPM services for monitoring patients with mild symptoms of COVID-19 and providing hospital-based care on a timely basis. This will aid in freeing up hospital resources for treating existing and more critical patients. Additionally, the rising prevalence of cardiovascular diseases, in confluence with the growing geriatric population, which is more susceptible to chronic conditions, represents another key factor fueling the RPM market growth. In addition to this, improving healthcare infrastructure and rapid advancements in wireless technologies, along with the increasing penetration of smartphones, are shifting healthcare services from clinic-centric to patient-centric delivery models, such as RPM. This is escalating the demand for RPM systems across the globe. Other than this, several key players are offering RPM that allows real-time video interaction between the patient and the healthcare provider. They are also introducing product innovations, which are projected to drive the market in the upcoming years. For instance, Dexcom, Inc., a US-based medical device company, launched a G6 CGM device, which is a small sensor that measures glucose levels and sends the data wirelessly to a display device through a transmitter. Looking forward, IMARC Group expects the global remote patient monitoring market to exhibit strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global remote patient monitoring market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, device type, application and end-use.

Breakup by Device Type:

  • Blood Pressure Monitor
  • Glucose Monitor
  • Heart Rate Monitor
  • Pulse Oximeters
  • Respiratory Monitor
  • Others
     

Breakup by Application:

  • Cancer Treatment
  • Cardiovascular Diseases Treatment and Monitoring
  • Diabetes Treatment
  • Sleep Disorder Treatment
  • Weight Management and Fitness Monitoring
  • Others
     

Breakup by End-Use:

  • Hospitals and Clinics
  • Homecare Settings
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, AMD Global Telemedicine Inc., BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Dexcom, Inc., GE Healthcare Inc. (Danaher Corporation), Honeywell International Inc., Koninklijke Philips N.V., Medtronic Inc., Nihon Kohden Corporation, OSI Systems Inc., Roche Holding AG, etc.

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Remote Patient Monitoring Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Device Type
    6.1    Blood Pressure Monitor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Glucose Monitor
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Heart Rate Monitor
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Pulse Oximeters
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Respiratory Monitor
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Application
    7.1    Cancer Treatment
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cardiovascular Diseases Treatment and Monitoring
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Diabetes Treatment
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Sleep Disorder Treatment
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Weight Management and Fitness Monitoring
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by End-Use
    8.1    Hospitals and Clinics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Homecare Settings
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Indicators
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Abbott Laboratories
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials 
           14.3.1.4 SWOT Analysis
        14.3.2    AMD Global Telemedicine Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    BIOTRONIK SE & Co. KG
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials 
           14.3.3.4 SWOT Analysis
        14.3.4    Boston Scientific Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials 
           14.3.4.4 SWOT Analysis
        14.3.5    Dexcom Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials 
           14.3.5.4 SWOT Analysis
        14.3.6    GE Healthcare Inc. (Danaher Corporation)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Honeywell International Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials 
           14.3.7.4 SWOT Analysis
        14.3.8    Koninklijke Philips N.V.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials 
           14.3.8.4 SWOT Analysis
        14.3.9    Medtronic Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Nihon Kohden Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials 
           14.3.10.4 SWOT Analysis
        14.3.11    OSI Systems Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials 
           14.3.11.4 SWOT Analysis
        14.3.12    Roche Holding AG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
           14.3.12.3 Financials 
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Remote Patient Monitoring Market: Major Drivers and Challenges
Figure 2: Global: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Remote Patient Monitoring Market: Breakup by Device Type (in %), 2020
Figure 4: Global: Remote Patient Monitoring Market: Breakup by Application (in %), 2020
Figure 5: Global: Remote Patient Monitoring Market: Breakup by End-Use (in %), 2020
Figure 6: Global: Remote Patient Monitoring Market: Breakup by Region (in %), 2020
Figure 7: Global: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 8: Global: Remote Patient Monitoring (Blood Pressure Monitor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Remote Patient Monitoring (Blood Pressure Monitor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Remote Patient Monitoring (Glucose Monitor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Remote Patient Monitoring (Glucose Monitor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Remote Patient Monitoring (Heart Rate Monitor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Remote Patient Monitoring (Heart Rate Monitor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Remote Patient Monitoring (Pulse Oximeters) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Remote Patient Monitoring (Pulse Oximeters) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Remote Patient Monitoring (Respiratory Monitor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Remote Patient Monitoring (Respiratory Monitor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Remote Patient Monitoring (Other Device Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Remote Patient Monitoring (Other Device Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Remote Patient Monitoring (Cancer Treatment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Remote Patient Monitoring (Cancer Treatment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Remote Patient Monitoring (Cardiovascular Diseases Treatment and Monitoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Remote Patient Monitoring (Cardiovascular Diseases Treatment and Monitoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Remote Patient Monitoring (Diabetes Treatment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Remote Patient Monitoring (Diabetes Treatment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Remote Patient Monitoring (Sleep Disorder Treatment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Remote Patient Monitoring (Sleep Disorder Treatment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Remote Patient Monitoring (Weight Management and Fitness Monitoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Remote Patient Monitoring (Weight Management and Fitness Monitoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Remote Patient Monitoring (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Remote Patient Monitoring (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Remote Patient Monitoring (Hospitals and Clinics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Remote Patient Monitoring (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Remote Patient Monitoring (Homecare Settings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Remote Patient Monitoring (Homecare Settings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Remote Patient Monitoring (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Remote Patient Monitoring (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: United States: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: United States: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Canada: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Canada: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Asia Pacific: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Asia Pacific: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: China: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: China: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Japan: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Japan: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: India: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: India: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: South Korea: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: South Korea: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Australia: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Australia: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Indonesia: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Indonesia: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Others: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Others: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Europe: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Europe: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Germany: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Germany: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: France: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: France: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: United Kingdom: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: United Kingdom: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Italy: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Italy: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Spain: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Spain: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Russia: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Russia: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Latin America: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Latin America: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Brazil: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Brazil: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Mexico: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Mexico: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Others: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Middle East and Africa: Remote Patient Monitoring Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Middle East and Africa: Remote Patient Monitoring Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Global: Remote Patient Monitoring Industry: SWOT Analysis
Figure 87: Global: Remote Patient Monitoring Industry: Value Chain Analysis
Figure 88: Global: Remote Patient Monitoring Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Remote Patient Monitoring Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Remote Patient Monitoring Market Forecast: Breakup by Device Type (in Million US$), 2021-2026
Table 3: Global: Remote Patient Monitoring Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Remote Patient Monitoring Market Forecast: Breakup by End-Use (in Million US$), 2021-2026
Table 5: Global: Remote Patient Monitoring Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Remote Patient Monitoring Market Structure
Table 7: Global: Remote Patient Monitoring Market: Key Players

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Key Question Answered in this Report

The global remote patient monitoring market size was valued at US$ 964 Million in 2020.

According to the estimates by IMARC Group, the global remote patient monitoring market is expected to exhibit strong growth during 2021 to 2026.

The rising prevalence of cardiovascular diseases, particularly among the geriatric population who are more susceptible to chronic conditions, represents one of the key drivers for the global remote patient monitoring market.

Several technological advancements have led to the emergence of next-generation chronic disease RPM systems based on mobile phone platforms like glucometers, blood pressure monitors and weighing scales. This is further expected to propel the global market for remote patient monitoring in the coming years.

Sudden outbreak of the COVID-19 pandemic had led to the increasing adoption of remote patient monitoring services for minimizing hospital visits and reducing the risk of coronavirus infection.

On the basis of the device type, the market has been classified into heart rate monitor, glucose monitor, blood pressure monitor, pulse oximeter, respiratory monitor, and others. Amongst these, heart rate monitor hold the largest market share.

On the basis of the application, the market has been the market has been categorized into cancer treatment, cardiovascular disease treatment and monitoring, diabetes treatment, sleep disorder treatment, weight management and fitness monitoring, and others. Amongst these, cardiovascular disease treatment and monitoring represent the largest application segment.

On the basis of the end use, the market has been classified into hospitals and clinics, homecare settings, and others. Among these, hospitals and clinics hold the majority of the global market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.

The key companies in the global remote patient monitoring market are Abbott Laboratories, AMD Global Telemedicine Inc., BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Dexcom, Inc., GE Healthcare Inc. (Danaher Corporation), Honeywell International Inc., Koninklijke Philips N.V., Medtronic Inc., Nihon Kohden Corporation, OSI Systems Inc., Roche Holding AG, etc.

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