This report considers the present scenario of the U.S. remote patient monitoring market and its market dynamics for 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyses leading companies and several other prominent companies operating in the market.
The US remote patient monitoring market is expected to grow at a CAGR of 12.63%.
Market Growth Enablers
Increasing Innovations in Wearable Medical Devices
Growing Use of Mobile Technologies & Smart Devices for Remote Patient Monitoring
Aging Population Vulnerable to Chronic Diseases
Market Segmentation
The Devices and Software segment accounts for the largest share than that of the Services segment in the U.S. remote patient monitoring market. The increasing adoption of wearable medical devices, technological advancements in IoT, the rise in the adoption of home healthcare systems are expected to boost the adoption of device & software segment in the remote patient monitoring market.
The hospitals and specialty clinics accounted for the largest share in the U.S. remote patient monitoring market and the Homecare setting is anticipated to be the fastest-growing end-user. With the increased demand for hospital beds and the challenge of delivering care with staff shortages, some health care centers prefer remote patient monitoring solutions. Moreover, technological advancements have made it viable to monitor patients remotely while at home or in skilled nursing facilities.
Segmentation by Component
Devices & Software
Services
Segmentation by Devices
Cardiac Monitoring Devices
Respiratory Monitoring Devices
Blood Glucose Monitors (Includes CGM)
Fetal & Neonatal Monitoring Devices
Other Rpm Devices
Segmentation by Application
Cardiology Remote Patient Monitoring
Pulmonology Remote Patient Monitoring
Endocrinology Remote Patient Monitoring?
Others
Segmentation by End-User
Hospitals & Specialty Clinics
Homecare Settings
Ambulatory Surgical Centers
Long Term & Acute Care Centers
Other End Users
Competitive Landscape
Manufacturers and providers are rapidly approaching the RPM technology to limit costs, improve patient outcomes, and cut down on using more expensive services for a share of this growing market.
The major competitors in the industry are focusing their efforts on reducing the size of remote patient monitoring devices. These companies are also attempting to increase their market share by launching new goods and forming collaborations with other industry participants. As a result, these factors are expected to increase the remote patient monitoring market size.
Key Vendors
Medtronic
Philips Healthcare
ResMed
Other Prominent Vendors
100-Plus
A&D Company
Abbott
AltumView Syste
BIOTRONIK
Boston Scientific
Bardy Diagnostics
Cardiomo Care
Cardiologs
Dragerwerk
Hoffmann-La Roche
GE Healthcare
GrandCare Systems
Honeywell International
iHealthUnifiedcare
Qardio
MedM
Masimo Corporation
Medopad
Nihon Kohden
Omron Healthcare
OSPLabs
Resideo Technologies
Smiths Medical
Spacelabs Healthcare
Senseonics
TeleMedCare
VitalConnect
Vitls
Modivcare
Hill-Rom
Vivify Health
ACL Digital
Dexcom
iRhythm Technologies
Vivalink
Biobeat
CareValidate
Biofourmis
CAREMINDr
Datos Health
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage 4.1 Market Definition 4.1.1 Inclusions 4.1.2 Exclusions 4.1.3 Market Estimation Caveats 4.2 Base Year 4.3 Scope of the Study 4.3.1 Market Segmentation by Component 4.3.2 Market Segmentation by Application 4.3.3 Market Segmentation by End-User 4.3.4 Market Segmentation by Geography
8 Market Opportunities & Trends 8.1 Technological Advancements, Improved Connectivity, & Remote Monitoring 8.2 Telemedicine Ushering New Opportunities for Remote Monitoring 8.3 Increasing Role of Internet of Things (Iot) in Remote Monitoring & Healthcare
9 Market Growth Enablers 9.1 Increasing Innovations in Wearable Medical Devices 9.2 Growing Use of Mobile Technologies & Smart Devices for Remote Patient Monitoring 9.3 Aging Population Vulnerable to Chronic Diseases 9.4 Growing Use of Rpm to Monitor & Improve Patient Engagement
10 Market Growth Restraints 10.1 Regulatory Variations Across Country 10.2 Lack of Data Accuracy
11 Market Landscape 11.1 Market Overview 11.2 Market Size & Forecast 11.2.1 Market Share by Component 11.2.2 Market Share by Devices & Software 11.2.3 Market Share by Application 11.2.4 Market Share by End-User 11.3 Five Forces Analysis 11.3.1 Threat of New Entrants 11.3.2 Bargaining Power of Suppliers 11.3.3 Bargaining Power of Buyers 11.3.4 Threat of Substitutes 11.3.5 Competitive Rivalry
