Artificial Intelligence In Remote Patient Monitoring Market Size, Share, Analysis, Trends, Growth Report, 2032

Artificial Intelligence In Remote Patient Monitoring Market Insights

According to a report from Zion Market Research, the global Artificial Intelligence In Remote Patient Monitoring Market was valued at USD 1.94 Billion in 2023 and is projected to hit USD 20.77 Billion by 2032, with a compound annual growth rate (CAGR) of 26.8% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Artificial Intelligence In Remote Patient Monitoring Market industry over the next decade.

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The report offers valuation and analysis of Artificial Intelligence In Remote Patient Monitoring market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Million).

Artificial Intelligence In Remote Patient Monitoring Market: Overview

Massive utility of AI in remote patient monitoring activities can be termed as one of the major advancements in healthcare sector. In addition to this, AI-driven health bots help in identifying patient symptoms along with facilitating virtual visits of doctors. Apart from this, AI integrates with IoT for delivering proficient remote patient monitoring services. Additionally, artificial intelligence helps doctors in serving the patients from distant locations. Citing an instance, physicians make use of virtual agents for carrying out consultation with patients and separate or bifurcate those patients who are not required to be treated by physician through virtual mode. Reportedly, healthcare industry is projected to invest nearly USD 2 billion yearly on AI systems for remote patient monitoring activities.

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Artificial Intelligence In Remote Patient Monitoring Market: Growth Dynamics

The rapid spread of COVID-19 along with the need for AI-driven healthcare activities will drive the market trends. Moreover, fast-track execution of AI-driven remote patient monitoring tools will assist physicians in enhancing patient outcomes along with minimizing the spread of COVID. This, in turn, will steer the expansion of artificial intelligence in remote patient monitoring industry over the anticipated timespan. Furthermore, the need for reducing the infection threat and the necessity of offering authentic patient readings to medical staff pertaining to inner and outer healthcare settings is likely to translate into the growth of artificial intelligence in the remote patient monitoring industry over the assessment period.

Furthermore, the surge in the incidences of chronic ailments including heart ailments, diabetes, and cancer requiring updated information pertaining to patient treatment will trigger the growth of artificial intelligence in remote patient monitoring industry. Beneficial features such as enhancement of patient engagement, reduction of errors, determining of activity patterns, real-time monitoring activities, and minimizing of hospital stays & hospital readmissions will elevate the growth of the industry over the forecast timeline.

The requirement of improving patient experience as well as increasing profits & offering comfort to patients in the home environment will embellish the business growth over the forecast timeframe. The surge in the patient population base and low availability of healthcare service providers will create massive penetration of artificial intelligence in remote patient monitoring industry over the anticipated period.

Artificial Intelligence In Remote Patient Monitoring Market: Report Scope

Artificial Intelligence In Remote Patient Monitoring Market: Regional Landscape

North American Market To Register Highest Growth Over 2024 – 2032

The growth of artificial intelligence in remote patient monitoring industry in North America over the forecast timeframe is subject to favorable government norms as well as the introduction of new reforms in the healthcare sector due to the COVID epidemic. Apart from this, rise in the smartphone penetration and the need for real-time patient information & monitoring will spearhead the regional market growth. In addition to this, the surge in the use of AI systems in the U.S. for providing high-quality medical care to patients at home from distant or far-away locations will open new vistas of growth for artificial intelligence in remote monitoring industry over the projected timeline.

Artificial Intelligence In Remote Patient Monitoring Market: Competitive Landscape

Key players profiled in the report include 

• Atomwise.Inc.
• International Business Machines Corporation
• Berg LLC
• Zebra Medical Vision Ltd.
• Modernizing Medicine. Inc.
• Caption Health. Inc.
• Sense.ly Inc.
• AiCure LLC
• Medasense Biometrics Ltd.
• Nuance Communications.

The global Artificial Intelligence In Remote Patient Monitoring Market is segmented as follows:

By Application:

• Cancer
• Heart Disorders
• Diabetes
• Sleep Apnea
• Respiratory Problems
• Viral Fever
• Dehydration

By Technology:

• Machine Learning
• NLP
• Speech Recognition
• Querying Method

By Product:

• Whole Exome
• Whole Genome
• Vital Monitors
• Targeted Sequencing & Resequencing

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa