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The Remote Patient Monitoring Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Remote Patient Monitoring Devices And Equipment Global Market Report 2024, The remote patient monitoring devices and equipment market size has grown rapidly in recent years. It will grow from $1.38 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%.  The growth in the historic period can be attributed to aging population, chronic disease management, telehealth adoption, healthcare cost reduction.

The remote patient monitoring devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%.  The growth in the forecast period can be attributed to increased healthcare digitization, regulatory support, personalized medicine, value-based healthcare. Major trends in the forecast period include remote monitoring integration, artificial intelligence (ai) and machine learning, telemonitoring expansion, wearable technology.

The upcoming shortage of skilled healthcare professionals (doctors and nurses), drives the remote patient monitoring (RPM) devices and equipment market. As the number of patients with chronic diseases is increasing, it is getting difficult to monitor the patients due to operational time and cost-related issues. The rising number of patients with chronic diseases, increasing the need for monitoring, and projected shortfall in the number of nurses shortly increase the growth of remote patient monitoring devices and equipment. According to a report by Mercer, the US requires 2.3 million new health care workers by 2025; this includes nurses, physicians, lab technicians, and various other healthcare personnel. According to the Bureau of Labor Statistics, there is an additional need for 203,700 new registered nurses every year by 2026. However, only 438,100 nurses are expected to be added to 2026, which is way less than the demand. World Health Organization (WHO) projected that by 2030, low- and middle-income countries will have a deficit of 14.5 million healthcare professionals.

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The remote patient monitoring devices and equipment market covered in this report is segmented –

1) By Type Of Device: Heart Monitors; Breath Monitors; Haematology Monitors; Multi – Parameter Monitors

2) By Application: Cancer Treatment; Cardiovascular Diseases; Diabetes Treatment; Sleep Disorder; Weight Monitoring And Fitness Monitoring; Other Applications

3) By End User: Home Care Settings; Clinics; Hospitals

The remote patient monitoring devices and equipment market report table of contents includes:

 

1. Executive Summary
2. Remote Patient Monitoring Devices And Equipment Market Characteristics
3. Remote Patient Monitoring Devices And Equipment Market Trends And Strategies
4. Remote Patient Monitoring Devices And Equipment Market – Macro Economic Scenario
5. Global Remote Patient Monitoring Devices And Equipment Market Size and Growth

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31. Global Remote Patient Monitoring Devices And Equipment Market Competitive Benchmarking
32. Global Remote Patient Monitoring Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Remote Patient Monitoring Devices And Equipment Market
34. Remote Patient Monitoring Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix

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