Remote Health Monitoring Market Report 2025

The remote health monitoring market size has grown rapidly in recent years. It will grow from $5.66 billion in 2024 to $6.54 billion in 2025 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to aging population and chronic diseases, telemedicine adoption, government initiatives and regulations, patient preference for home-based care, cost-efficiency in healthcare delivery.

The remote health monitoring market size is expected to see rapid growth in the next few years. It will grow to $11.36 billion in 2029 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to rapid expansion of IoT in healthcare, integration of artificial intelligence, pandemic preparedness and response, remote patient monitoring in clinical trials, increasing focus on preventive healthcare. Major trends in the forecast period include rise of wearable technology, chronic disease management, IoT connectivity, data security and privacy, remote patient monitoring in elderly care.

The growing global elderly population is significantly contributing to the expansion of the remote health monitoring market in the future. The elderly population refers to individuals aged 65 and older. The increase in this demographic can be attributed to declining fertility rates and improved life expectancy, leading to a demographic shift where a larger portion of the population is older. Remote health monitoring is employed to oversee the health of elderly individuals from a distance, helping to identify relapses in conditions early and facilitating timely intervention by tracking a person's physiological data. For example, in July 2024, the UK Parliament's House of Commons Library reported that in 2022, approximately 12.7 million residents in the UK were aged 65 and over, accounting for 19% of the total population. By 2072, this number is expected to rise to 22.1 million, comprising 27% of the population. Thus, the growing global elderly population will drive the remote health monitoring market.

The rising demand within hospitals is expected to propel the growth of the remote health monitoring market in the future. Hospitals are large and complex healthcare institutions designed to provide a wide array of medical services, treatment, and care to individuals who are ill or injured. Implementing remote health monitoring in hospitals can lead to more patient-centered, efficient, and proactive healthcare, enabling timely interventions, continuous monitoring, reduced hospital readmissions, early disease detection, and enhanced data accuracy, all of which contribute to improved patient outcomes. For instance, in October 2023, the Institute of Government, a UK-based charitable organization, reported that during the 2022/23 period, hospitals recorded 3.3 million admitted cases and 13.2 million non-admitted cases, reflecting increases of 11% and 7.8%, respectively, compared to the 2021/22 period. Therefore, the rising demand in hospitals is driving the growth of the remote health monitoring market.

Technological advancement is a significant trend gaining traction in the remote health monitoring market. Leading companies in this sector are focusing on integrating new technologies, such as cloud computing and artificial intelligence (AI), into remote health monitoring systems to enhance their accuracy. AI and machine learning utilize mathematical data models to enable computers to learn without direct supervision. This transformation improves how healthcare organizations manage remote patient monitoring at scale and enhances patient outcomes. For example, in November 2023, Royal Philips, a Netherlands-based health technology company, launched Philips HealthSuite Imaging, which focuses on providing a cloud-based picture archiving and communication system (PACS) designed to optimize radiology and imaging workflows. This system emphasizes high-speed remote access for diagnostic readings, integrated reporting, and AI-driven workflow orchestration. By leveraging advanced technologies, HealthSuite Imaging improves the interpretation and reporting of studies, enhances operational efficiency, and boosts patient care.

Major players in the remote health monitoring market are also focusing on product innovation to drive revenue growth. Innovative products, such as the IronMed digital health platform, offer a comprehensive digital healthcare system that incorporates remote patient monitoring (RPM). IronMed RPM, launched by Iron Bow Healthcare Solutions in August 2023, provides patient-centric software solutions for monitoring acute or chronic diseases outside of clinical settings. The platform aims to enhance the quality of life for patients, promote independence, and ensure caregivers can supervise and intervene appropriately.

In September 2022, Medicare Inc., a healthcare services company, acquired VRI Intermediate Holdings LLC for $315 million. This acquisition expands Medicare's portfolio by adding remote health monitoring services. VRI Intermediate Holdings LLC is a provider of remote health monitoring technology and solutions based in the United States.

Major companies operating in the remote health monitoring market include Nihon Kohden Corporation, Koninklijke Philips NV, Omron Corporation, F. Hoffmann-La Roche Ltd., American Telecare Inc., GE Healthcare Company, Masimo Corporation, Abbott Laboratories, Biotronik SE & Co. KG, Athelas Inc., Capterra Inc., Dexcom Inc., Senseonics Holdings Inc., Medtronic plc, Health Recovery Solutions Inc., Babyscripts Inc., TytoCare Ltd., Accuhealth Inc., Vivify Health Inc., Get Well Network Inc., VitalTech Holdings Inc., Rimidi Inc., SeamlessMD Inc., Raziel Health Inc., Conversa Health Inc.

North America was the largest region in the remote health monitoring market in 2024. The regions covered in the remote health monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the remote health monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Remote health monitoring involves utilizing technology to monitor patients in non-clinical settings, such as their homes. This healthcare delivery approach is advantageous for patients, physicians, caregivers, and the healthcare system as a whole, as it makes use of technological advancements to collect patient data outside traditional healthcare facilities.

The primary types of devices used for remote health monitoring include respiratory monitoring, blood glucose monitoring, cardiac monitoring, and multi-parameter monitoring. Respiratory monitoring involves tracking the respiratory process by monitoring parameters such as blood gases, brain and organ oxygenation, perfusion, and hemodynamics. These devices find applications in various healthcare areas, including cancer treatment, cardiovascular diseases, diabetes treatment, sleep disorders, weight management, fitness monitoring, among others. They are used in diverse settings such as home care, hospitals/clinics, and others.

The remote health monitoring market research report is one of a series of new reports that provides remote health monitoring market statistics, including remote health monitoring industry global market size, regional shares, competitors with a remote health monitoring market share, detailed remote health monitoring market segments, market trends, and opportunities, and any further data you may need to thrive in the remote health monitoring industry. This remote health monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The remote health monitoring market includes revenues earned by entities by providing health monitoring services through homecare telehealth, supports diagnosis, heath risk assessment, data storage and analysis, clinical decision support, disease surveillance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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