The report "Remote Patient Monitoring (RPM) Market by Product (Software, Services, Devices, Cardiology, Neurological, BP Monitors, Neonatal, Weight, Temperature, Neuro) End user (Providers, Hospitals, Clinics, Home care, Patients, Payers) - Global Forecast to 2028

 Remote Patient Monitoring (RPM) market in terms of revenue was estimated to be worth $14.0 billion in 2023 and is poised to reach $41.7 billion by 2028, growing at a CAGR of 20.1% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The growth of the telehealth and remote patient monitoring (RPM) market is being driven by the increasing need for healthcare access, the cost benefits of telehealth and RPM, advancements in telecommunications, the growing prevalence of chronic diseases, and rising investments in telehealth and RPM. However, market growth during the forecast period is likely to be constrained by regulatory variations across regions and the informal use of social media practices.

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Remote Patient Monitoring (RPM) Market Scope:

On the basis of product, the remote patient monitoring market is bifurcated into software & services and devices. The software and services segment held the largest share of the global remote patient monitoring (RPM) market in 2022. This is because RPM programs are being reimbursed more often and there are more people with chronic illnesses, which is leading to more people using RPM services around the world.

Based on application, the global remote patient monitoring market is broadly segmented into oncology, cardiovascular diseases, diabetes, sleep disorders, weight management and fitness monitoring. The diabetes segment accounted for the largest share of the global market in 2022. This can be attributed to the prevalence and chronic nature of diabetes, continuous monitoring requirements, and technological advancements.

Based on end users, the global remote patient monitoring market is fragmented into providers, payers, patients, and other end users. The healthcare providers segment held the largest share of the global remote patient monitoring market in 2022. This is because more chronically ill and elderly patients are using remote monitoring, RPM monitoring devices are improving, and healthcare providers are offering more RPM services.

The global remote patient monitoring market is segmented into North America, the Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is expected to have the largest share of the global remote patient monitoring (RPM) market in 2022. This is owed to factors such as rising geriatric population, increasing healthcare expenditure combined with rising prevalence of cheonic conditions.

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Remote Patient Monitoring (RPM) market major players covered in the report, such as:

• Boston Scientific Corporation (US)
• Clear Arch, Inc (US)
• TytoCare Ltd. (US)
• GE Healthcare (US)
• Abbott Laboratories (US)
• Alten Calsoft Labs (France)
• Teledoc Health Inc. (US)
• Vivify Health, Inc. (US)
• Koninklijke Philips N.V. (Netherlands)
• Brook Inc. (US)
• Blue Spark Technology (US)
• Oracle (US)
• Siemens Healthineers AG (Germany)
• Omron Healthcare (Japan)
• Welch Allyn (US)
• Health Beats (Singapore)
• Medtronic (Ireland)
• Bio-Beat (Israel)
• VitalConnect (US)
• VivaLNK Inc. (US)
• Bardy Diagnsotics, Inc. (US)
• Biotronik SE & Co. KG (Germany)
• Alive Cor, Inc. (US)
• iRhythm Technologies (US).
• and Among Others

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The study categorizes the remote patient monitoring market into the following segments and subsegments:

Remote Patient Monitoring Market, By Component

• Services & Software
• Devices
  • Cardiac Monitoring Devices
  • Neurological Monitoring Devices
  • Respiratory Monitoring Devices
  • Multiparameter Monitoring Devices
  • Blood Glucose Monitoring Devices
  • Fetal & Neonatal Monitoring Devices
  • Weight Monitoring Devices
  • Other Monitoring Devices

Remote patient monitoring Market, By Application

• Oncology
• Cardiovascular Diseases
• Diabetes
• Sleep Disorders
• Weight Management & Fitness Monitoring

Remote patient monitoring Market, By End-user

• Providers
  • Hospitals and Clinics
  • Home Care Settings and Long Term Care Centers
  • Ambulatory Care Centers
  • Other End Users
  • Passive Exoskeletons
• Payers
• Patients
• Other End Users

Remote patient monitoring Market By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (LATAM)
• Middle East & Africa

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Report Objectives:

• To define, describe, and forecast the remote patient monitoring market based on type, application, end user, and region.
• To provide detailed information regarding the major factors influencing the growth of this market (such as drivers, restraints, opportunities, and challenges)
• To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall remote patient monitoring market
• To analyze opportunities for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of market segments with respect to five main regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
• To profile key players and analyze their market shares and core competencies2
• To track and analyze competitive developments such as product launches & approvals, partnerships, agreements, and collaborations, in the overall remote patient monitoring market