The global Remote Patient Monitoring System Market size is
expected to reach USD 6.7 billion by 2030, according to a new report by Grand
View Research Inc. It is projected to register a CAGR of 20.2% from 2022 to
2030. COVID-19 pandemic has a significant impact on the remote patient
monitoring system. The main drivers for this market are the increasing
geriatric population, cost-effective treatment, and the rising prevalence of
chronic conditions. The breakout of Covid-19 has propelled the demand for
remote patient monitoring devices and services as healthcare facilities were
burdened with Covid-19 infected patients. Key players like Smiths Medical
reported that the demand of their home monitoring devices substantially
increased during the pandemic.
The amalgamation of telehealth with remote
patient monitoring services is expected to further boost market growth. Asia
Pacific is also projected to be a key revenue generator in the coming years.
The region is backed by developing countries such as China, South Korea, and
Thailand which are witnessing an increase in the number of chronic diseases
owing to lifestyle changes. Cardiovascular disease is among the leading cause
of death in these countries. The remote patient monitoring system is expected
to play a key role in the early detection and timely management of these
diseases.
Related Press Release@ Remote Patient Monitoring System Market Report
Remote Patient Monitoring System
Market Report Highlights
- The cardiac rhythm monitor segment is expected to witness a
significant CAGR over the forecast period owing to the increasing
incidence of cardiac conditions globally
- The home healthcare segment is projected to witness a
CAGR of 22.0% over the forecast period owing to a rise in the number of
patients accessing remote monitoring due to the COVID-19 pandemic
- In Asia Pacific, the market is expected to showcase high growth
potential due to the presence of large unmet needs in emerging economies such
as China and India
- This region is also backed by Japan, which has one of the highest
numbers of 65+ year old adults at a global level
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in San Francisco. The company provides syndicated research reports, customized
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relevant and fact-based research across a range of industries including
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