How is the Artificial Intelligence (AI) In Remote Patient Monitoring Market Poised for Growth: Trends and Opportunities Through 2034
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How has the artificial intelligence (ai) in remote patient monitoring market grown over the years?
Recent years have seen a substantial expansion of the artificial intelligence (AI) in remote patient monitoring market. Projections suggest an increase from $2.23 billion in 2024, to $2.81 billion in 2025, marking a compound annual growth rate (CAGR) of 26.0%. This historic growth trend relates to various factors including escalated rates of chronic diseases, advancements in data security, AI-powered applications stimulating patient participation, incorporation with electronic health records (EHR), and the necessity for healthcare cost reduction.
What Is the forecasted market size and growth rate for the artificial intelligence (ai) in respiratory diseases market?
Expectations have been etched out for a significant upsurge in the size of the artificial intelligence (AI) in remote patient monitoring market in the coming years. It is predicted to expand to a hefty sum of $6.58 billion by 2029, with a compound annual growth rate (CAGR) of 23.7%. This anticipated growth during the forecast period can be ascribed to a slew of factors such as global health crises, regulatory reinforcement, steady advances in AI-powered diagnostic applications, the increment in telehealth adoption, and prospective progress in predictive analytics. Looking at the forthcoming trends for the forecast period, they are likely to be wearable technology, advancements in AI algorithms and machine learning strategies, cybersecurity and data privacy measures, and the customization of medicine and treatment procedures.
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What are the major factors driving growth in the artificial intelligence (ai) in remote patient monitoring market?
The anticipated surge in telemedicine usage is predicted to fuel the expansion of artificial intelligence (AI) in the remote patient monitoring market in the forthcoming years. Telemedicine involves the application of telecommunication tools, including video calls, telephone calls, and internet messaging, to offer medical services from a distance. When fused with telemedicine, AI in remote patient monitoring examines these data continuously, identifies minor adjustments, and signals medical staff about potential complications before they escalate into crises. For example, Rock Health, a non-profit entity situated in the US, stated that as per a 2022 survey, 80% of respondents have at some point availed of telemedicine services, which represents an 8 percentage-point rise from 72% in 2021. As such, it can be concluded that telemedicine’s increasing acceptance will stimulate the expansion of AI in the remote patient monitoring market.
What key areas define the segmentation of the global artificial intelligence (ai) in remote patient monitoring Market?
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
Subsegments:
1) By Software: Predictive Analytics, Data Management, Monitoring Platforms, Mobile Applications
2) By Hardware: Wearable Devices, Sensors, Medical Devices
3) By Services: Implementation Services, Training And Education Services, Support And Maintenance Services
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What are the top market players propelling the growth of the artificial intelligence (ai) in remote patient monitoring industry?
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
What are the key trends shaping the future of the artificial intelligence (ai) in remote patient monitoring market?
Leading businesses in the AI in remote patient monitoring market are emphasizing the merger of AI with wearable tools like AI-driven ambulatory connected patient monitoring systems to gain a competitive edge and enhance healthcare provision. This type of system pertains to a health solution that merges AI with ambulatory monitoring technology to constantly monitor and examine a patient’s vital statistics and health data in real time. For example, in October 2023, Dozee, a medical equipment firm based in India, introduced ‘Dozee Pro Ex’, a novel ambulatory connected patient monitoring system produced for worldwide markets. This product, manufactured in India, comes with wireless wearable sensors for constant supervision of crucial parameters, encompassing ECG rhythm, blood pressure, heart rate, oxygen saturation, respiration rate, and temperature. Importantly, ‘Dozee Pro Ex’ has an AI-driven early warning system that reviews vital parameter trends and provides early warnings for potential clinical deterioration. This advanced product seeks to transform traditional healthcare limits by facilitating 24/7 patient monitoring, irrespective of whether they are in a hospital bed, away from the bed, at a healthcare establishment, or at their homes.
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What regions are dominating the artificial intelligence (ai) in remote patient monitoring market growth?
North America was the largest region in the artificial intelligence (AI) in remote patient monitoring market in 2024. 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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