Global Remote Patient Monitoring Software and Services Market Size To Exceed USD 198.98 Billion by 2035| CAGR of 30.06%
Category: HealthcareAccording to a research report published by Spherical Insights & Consulting, The Global Remote Patient Monitoring Software and Services Market Size is Expected To Grow from USD 11.05 Billion in 2024 to USD 198.98 Billion by 2035, at a CAGR of 30.06% during the Forecast Period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Remote Patient Monitoring Software and Services Market Size, Share, and COVID-19 Impact Analysis, By Application (Cancer, Cardiovascular Disease, Diabetes, Sleep Disorder, Neurological Disorders, Respiratory Diseases, Mental Health, and Others), By End-User (Healthcare Providers Hospitals, Ambulatory Care Centers, Long term Care and Assisted Living Facilities, Homecare Settings, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/remote-patient-monitoring-software-and-services-market
Remote patient monitoring software and services are digital technologies that gather health and medical information from patients in one place and securely send it to medical professionals in another location for evaluation and suggestions. Software for remote patient monitoring makes it possible for patients to communicate with medical staff from a distance, increasing patient involvement and achieving better results. For those who have mobility problems as a result of aging or illnesses like paralysis, this is very helpful. In addition to facilitating regular communication between patients and physicians, RPM adoption gives patients more control over their health. Because of the COVID-19 epidemic, hospitals experienced a surge in demand and a scarcity of staff. As a result, RPM was used for early discharge and remote monitoring, which helped to alleviate hospital congestion. By compensating hospitals for home-based treatment, programs such as the Centers for Medicare & Medicaid Services' Acute Hospital Treatment at Home program further facilitated RPM integration and increased RPM's contribution to healthcare delivery. However, the remote patient monitoring software and services' high implementation and integration costs are likely to restrict market expansion.
The cardiovascular disease segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the application, the remote patient monitoring software and services market is divided into cancer, cardiovascular disease, diabetes, sleep disorder, neurological disorders, respiratory diseases, mental health, and others. Among these, the cardiovascular disease segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segment's development is stimulated because it is very common, particularly in older populations. Readmissions to hospitals can be avoided with ongoing monitoring for conditions, including heart failure and arrhythmias. Its leading revenue share is further increased by favorable cardiac device reimbursement systems, rising healthcare expenses, and trends toward remote care models.
The healthcare providers hospitals segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-user, the remote patient monitoring software and services market is divided into healthcare providers hospitals, ambulatory care centers, long term care and assisted living facilities, homecare settings, and others. Among these, the healthcare providers hospitals segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's increase is prompted by the fact that they offer end to end care, they have the infrastructure to manage both inpatients and outpatients, integrate with electronic health records, monitor continuously, and handle high patient volumes, actions that lower readmissions and enhance results.
North America is expected to hold the majority share of the global Remote Patient Monitoring Software and Services market during the forecast period.
North America is expected to hold the majority share of the global remote patient monitoring software and services market during the forecast period. The remote patient monitoring software and services market is encouraged because of its robust regulatory frameworks, large prevalence of chronic diseases, sophisticated healthcare infrastructure, and early reimbursement policies that support digital health and remote treatment.
Asia Pacific is anticipated to grow at the fastest pace in the global remote patient monitoring software and services market during the forecast period. The remote patient monitoring software and services market in the Asia Pacific is bolstered by the need for home-based monitoring, the aging population, the rise in chronic illnesses, and initiatives to reduce healthcare costs through digital health solutions are some of the factors driving this trend.
Major vendors in the global remote patient monitoring software and services market are Teladoc Health, Inc., Medtronic Plc., GE Healthcare, Siemens Healthineers, Philips Healthcare, Caretaker Medical, OMRON Healthcare, BioIntelliSense, ScienceSoft USA Corporation, Athelas, Biofourmis, iHealth Labs, Oracle, ResMed, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2024, Royal Philips announced a strategic collaboration with smartQare to integrate their advanced solution, viQtor, with Philips’ leading clinical patient monitoring platforms. This partnership aims to advance continuous patient monitoring both in-hospital and at home, initially focusing on Europe.
- In September 2022, Watertown Regional Medical Center (WRMC) introduced a new remote care management program for patients suffering from chronic conditions such as heart failure and hypertension.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the remote patient monitoring software and services market based on the below-mentioned segments:
Global Remote Patient Monitoring Software and Services Market, By Application
- Cancer
- Cardiovascular Disease
- Diabetes
- Sleep Disorder
- Neurological Disorders
- Respiratory Diseases
- Mental Health
- Others
Global Remote Patient Monitoring Software and Services Market, By End-User
- Healthcare Providers Hospitals
- Ambulatory Care Centers
- Long term Care and Assisted Living Facilities
- Homecare Settings
- Others
Global Remote Patient Monitoring Software and Services Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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