Overview and Scope
Artificial intelligence (AI) in remote patient monitoring (RPM) refers to the integration of AI technologies into systems designed to monitor and manage the health and well-being of patients remotely. AI is employed to enhance the capabilities of remote monitoring solutions, providing advanced analytics, automation, and intelligent insights for healthcare professionals.
Sizing and Forecast
The artificial intelligence (AI) in remote patient monitoring market size has grown exponentially in recent years. It will grow from $1.80 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 24.0%. The growth in the historic period can be attributed to Increased chronic disease rates, data security improvements, ai-driven applications that enhance patient engagement, integration with electronic health records (EHR), and need to reduce healthcare costs.
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Segmentation & Regional Insights
The artificial intelligence (ai) in remote patient monitoring market covered in this report is segmented –
1) By Solution: Software, Hardware, Services
2) By Product: Vital Monitors, Special Monitors, Other Products
3) By Technology: Natural Language Processing, Machine Learning, Querying Method, Speech Recognition
4) By Application: Diabetes, Respiratory Issues, Weight Management And Fitness Monitoring, Cancer, Dehydration, Cardiovascular Diseases, Sleep Disorder, Viral Infection, Other Applications
North America was the largest region in the artificial intelligence (AI) in remote patient monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (ai) in remote patient monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The high adoption of telemedicine is expected to propel the growth of artificial intelligence (AI) in the remote patient monitoring market in the coming years. Telemedicine refers to the use of telecommunications technology, such as video calls, phone calls, and online messaging, to provide medical services remotely. AI in remote patient monitoring integrated with telemedicine analyzes this data in real time, detecting subtle changes and alerting healthcare professionals about potential issues before they become emergencies. For instance, in August 2022, according to the Australian Digital Health Agency, an Australia-based government organization, over 95,000 practitioners utilized telehealth services, and 118.2 million telehealth services were offered to 18 million patients from March 2020 to July 2022. Therefore, the high adoption of telemedicine will drive the growth of artificial intelligence (AI) in the remote patient monitoring market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) in remote patient monitoring market report are Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, DexCom Inc, Cerner Corporation, Infosys BPM, Tunstall Healthcare, Connect America LLC, American Well, Biofourmis, Tempus, Merative L.P., Vivify Health, Clarify Health Solutions, Current Health, BioIntelliSense, Preventice Solutions, AiCure LLC, Orbita, MobileHelp, EarlySense, Gyant, Myia Labs, Sentrian, Biobeat, ChroniSense Medical Ltd., Somatix Inc., Twistle, HealthWatch Technologies
The artificial intelligence (ai) in remote patient monitoring market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) In Remote Patient Monitoring Market Characteristics
3. Artificial Intelligence (AI) In Remote Patient Monitoring Market Trends And Strategies
4. Artificial Intelligence (AI) In Remote Patient Monitoring Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) In Remote Patient Monitoring Market Size and Growth
…
32. Global Artificial Intelligence (AI) In Remote Patient Monitoring Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) In Remote Patient Monitoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) In Remote Patient Monitoring Market
35. Artificial Intelligence (AI) In Remote Patient Monitoring Market Future Outlook and Potential Analysis
36. Appendix
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