Global Remote Patient Monitoring Devices And Equipment Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the Remote Patient Monitoring Devices And Equipment Market from 2024 to 2033?
The remote patient monitoring devices and equipment market has seen rapid growth, rising from $1.38 billion in 2023 to $1.57 billion in 2024, with a CAGR of 14.3%. This growth is driven by the aging population, the management of chronic diseases, the expansion of telehealth services, and efforts to reduce healthcare costs.
The remote patient monitoring devices and equipment market is expected to grow to $2.6 billion by 2028 at a CAGR of 13.4%. This growth is driven by healthcare digitization, personalized medicine, and value-based healthcare. Key trends include AI integration, telemonitoring expansion, and wearable technology.
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What Key Factors Are Fueling the Growth of the Remote Patient Monitoring Devices And Equipment Market?
The need for remote patient monitoring (RPM) devices is rising due to a shortage of skilled healthcare workers. The increasing prevalence of chronic diseases, combined with operational time and cost constraints, is creating a greater need for RPM systems. The US is expected to need 2.3 million new healthcare workers by 2025, and by 2030, there will be a shortfall of 14.5 million healthcare professionals in low- and middle-income countries. This growing demand for healthcare monitoring devices will drive the RPM market.
What Are the Major Segments of the Remote Patient Monitoring Devices And Equipment Market?
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
What New Trends Are Transforming the Remote Patient Monitoring Devices And Equipment Market?
Manufacturers of remote patient monitoring devices are integrating IoT and wireless technology to enhance diagnosis and treatment. Wireless biosensors embedded in the skin enable real-time monitoring of vital health parameters, such as blood pressure and glucose levels. Major companies offering these technologies include Xsensio, InSilixa, and Kenzen.
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Which Regions Are Driving Growth in the Remote Patient Monitoring Devices And Equipment Market?
Asia-Pacific was the largest region in the global remote patient monitoring devices and equipment market in 2023. North America was the second-largest region in the remote patient monitoring devices and equipment market. The regions covered in the remote patient monitoring devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Remote Patient Monitoring Devices And Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the remote patient monitoring devices and equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Remote Patient Monitoring Devices And Equipment Market Include
1. Remote Patient Monitoring Devices And Equipment Market Executive Summary
2. Remote Patient Monitoring Devices And Equipment Market Segments
3. Remote Patient Monitoring Devices And Equipment Market Size And Template Market Growth Rate
4. Key Remote Patient Monitoring Devices And Equipment Market Trends
5. Major Remote Patient Monitoring Devices And Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Remote Patient Monitoring Devices And Equipment Market
26. Top Remote Patient Monitoring Devices And Equipment Companies
27. Remote Patient Monitoring Devices And Equipment Market Opportunities And Strategies
28. Remote Patient Monitoring Devices And Equipment Market, Conclusions And Recommendations
29. Appendix
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