The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s remote health monitoring market report forecasts the remote health monitoring market size to grow to $0.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 15%.

Learn More On The Remote Health Monitoring Market Report 2023 – https://www.thebusinessresearchcompany.com/report/remote-health-monitoring-global-market-report

Remote Health Monitoring Market Size Forecast
The global remote health monitoring market is expected to grow from $4.15 billion in 2022 to $4.84 billion in 2023 at a compound annual growth rate (CAGR) of 16.65%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global remote health monitoring market size is expected to reach $0.49 billion in 2027 at a CAGR of 15.1%.

North America held the largest remote health monitoring market share.

Key Remote Health Monitoring Market Driver ­– Rise In Global Old Age Population
For example, the world population over 60 is expected to double from 1 billion in 2020 to 2.1 billion in 2050, according to data published by the World Health Organisation (WHO), a Switzerland-based international intergovernmental organisation focused on international public health. Between 2020 and 2050, the number of persons aged 80 and more is expected to triple, reaching 426 million. As a result, the growing worldwide elderly population will propel the remote health monitoring market.

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Key Remote Health Monitoring Market Trend – Technological Advancement
Major players in the remote health monitoring market are focused on incorporating new technologies, such as cloud computing and artificial intelligence (AI), into remote health monitoring systems in order to improve the accuracy of remote health monitoring systems. Machine learning and artificial intelligence (AI) use mathematical data models to assist a computer in learning without direct instruction. It contributes to the transformation of how healthcare organisations undertake remote patient monitoring at scale in order to enhance patient outcomes. For example, Honeywell International Inc., a US-based technology business, will debut the Real-Time Health Monitoring System (RTHMS) in October 2021. This is a smart edge-to-cloud communication system that allows for remote and real-time patient monitoring. The system combines hardware and software to improve healthcare worker productivity and process efficiency.

Remote Health Monitoring Market Segment
1) By Devices: Respiratory monitoring, Blood glucose monitoring, Cardiac monitoring, Multi Parameter monitoring
2) By Application: Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management and Fitness Monitoring, Other Applications
3) By End-User: Home Care Settings, Hospitals/Clinics, Other End-Users

Remote Health Monitoring Market Major Players and Strategies
Major players in the remote health monitoring market are Nihon Kohden Corporation, Koninklijke Philips N.V., Omron Corporation, F. Hoffmann-La Roche Ltd, American Telecare, Welch Ally, Boston Scientific Corporation, GE Healthcare, Masimo, Vitals Inc, Abbott, Biotronik, LifeWatch, Athelas, and Capterra.

Medicare Inc., a US-based healthcare services firm, paid $315 million for VRI Intermediate Holdings LLC in September 2022. The acquisition expands Medicare’s providing portfolio with remote health monitoring services. VRI Intermediate Holdings LLC is a provider of remote health monitoring technologies and solutions situated in the United States.

The Remote Health Monitoring Global Market Report 2023 covers regional data on remote health monitoring market size, remote health monitoring market trends and drivers, opportunities, strategies, and remote health monitoring market competitor analysis. The countries covered in the remote health monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The use of technology to monitor patients in non-clinical settings, such as the home, is referred to as remote health monitoring. By exploiting technological advancements to collect patient data outside of traditional healthcare institutions, this healthcare delivery strategy helps patients, physicians, carers, and the healthcare system.

View More Reports Related To The Remote Health Monitoring Market –
Remote Patient Monitoring Devices And Equipment Global Market Report 2023
Healthcare Personal Protective Equipment Global Market Report 2023
Vital Parameter Monitoring Devices And Equipment Global Market Report 2023

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