Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1192 Million | USD 2114 Million | 7.45% | 2021 |
FrequentlyAsked Questions
The global remote patient monitoring devices market is projected to grow owing to the rising need and demand for patient independence when it comes to monitoring health signs. This could be driven by the rising number of patients requiring healthcare including the geriatric population, patients suffering from chronic diseases, and others which has subsequently resulted in healthcare being overwhelmed with the growth in patient hospital admission.
According to Zion Market Research, the global remote patient monitoring devices market size was worth around USD 1192 million in 2021 and is predicted to grow to around USD 2114 million by 2028 with a compound annual growth rate (CAGR) of roughly 7.45% between 2022 and 2028.
The global remote patient monitoring devices market is projected to grow owing to the high adoption rate of RPM devices amongst patients as well as more insistence of healthcare providers to deploy RPD devices in their medical units. The regional growth may also be driven by the rising investments in upgrading the technologies associated with RPM devices to cater to multiple medical conditions, along with faster information relays between devices.
The global remote patient monitoring devices market is driven by players like ResMed, Medtronic, 100-Plus, AltumView Systems, Omron Healthcare, Philips Healthcare, Boston Scientific, A&D Company, Cardiomo Care, BIOTRONIK, MedM, Bardy Diagnostics, GE Healthcare, Hoffmann-La Roche, and OSP Labs
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