Remote Patient Monitoring Devices and Equipment Market Report 2025

This Remote Patient Monitoring Devices and Equipment market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The remote patient monitoring devices and equipment market size has grown rapidly in recent years. It will grow from $1.66 billion in 2024 to $1.9 billion in 2025 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to aging population, chronic disease management, telehealth adoption, healthcare cost reduction.

The remote patient monitoring devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $3.33 billion in 2029 at a compound annual growth rate (CAGR) of 15%. The growth in the forecast period can be attributed to increased healthcare digitization, regulatory support, personalized medicine, value-based healthcare. Major trends in the forecast period include remote monitoring integration, artificial intelligence (ai) and machine learning, telemonitoring expansion, wearable technology.

The remote patient monitoring (RPM) devices and equipment market is being driven by the impending shortage of skilled healthcare professionals, such as doctors and nurses. With a growing number of patients suffering from chronic diseases, there's an increasing need for monitoring their health. However, operational constraints and cost-related issues make it difficult to provide continuous care. The rising prevalence of chronic diseases, coupled with the projected shortage of healthcare workers, is fueling the demand for remote patient monitoring devices and equipment. For instance, a report from Mercer indicates that the US will require 2.3 million new healthcare workers by 2025, including nurses, physicians, lab technicians, and other healthcare personnel. The Bureau of Labor Statistics also projects a need for an additional 203,700 registered nurses every year by 2026, but only 438,100 are expected to be added by that time, falling short of the demand. The World Health Organization (WHO) predicts a deficit of 14.5 million healthcare professionals in low- and middle-income countries by 2030.

The increasing demand for telehealth is expected to drive the growth of the remote patient monitoring devices and equipment market. Telehealth involves the use of telecommunications technology, such as videoconferencing, phone calls, and secure messaging, to deliver healthcare services remotely. Telehealth facilitates the seamless transmission of patient data collected by RPM devices to healthcare providers, allowing for real-time monitoring of vital signs, health metrics, and disease-specific data. For instance, in April 2023, telehealth use in the US rose by 7.3%, with a 7.3% national increase in telehealth usage, accounting for 5.9% of medical claim lines in January 2023, up from 5.5% in December 2022. Therefore, the growing demand for telehealth is propelling the growth of the remote patient monitoring devices and equipment market.

The adoption of advanced remote patient monitoring devices and equipment faces limitations due to healthcare professionals' resistance to embracing new technologies. While these technologies are designed to reduce patients' hospitalization costs for follow-up care, they may lead to a reduction in hospital revenues. As a result, hospitals and healthcare professionals have been hesitant to adopt remote patient monitoring systems, which is constraining the market's growth. For example, a UK case study highlights that various organizational barriers, including technical, social, ethical, financial, and legal factors, have hindered investment, implementation, and the use of advanced patient monitoring systems.

The manufacturers of remote patient monitoring devices are increasingly integrating IoT and wireless technology, which enable the efficient diagnosis and treatment of medical conditions. These technologies include wireless sensor systems, such as biosensor monitoring devices, which can be implanted or embedded into the skin and transmit real-time patient data for monitoring. IoT technology allows healthcare service providers to remotely monitor patients' health parameters. These miniaturized multi-sensor devices help healthcare professionals monitor critical health metrics, such as blood pressure and blood glucose levels, and recommend appropriate treatments. Major companies offering IoT and wireless sensor technology integrated patient monitoring devices include Xsensio, InSilixa, 1Drop Diagnostics, and Kenzen.

Leading companies in the remote patient monitoring devices and equipment market are focused on creating advanced diagnostic solutions, such as the Pylo 900-LTE blood pressure monitor, to improve patient engagement and streamline healthcare delivery. The Pylo 900-LTE blood pressure monitor provides wireless connectivity and accurate readings, allowing for smooth integration into remote health management systems. For example, in January 2024, Pylo Health, a US-based healthcare technology company specializing in innovative mental health and wellness solutions, launched new remote patient monitoring devices. The Pylo 900-LTE blood pressure monitor features roaming 4G/5G connectivity with a 2G fallback and a "triple measurement mode" for enhanced accuracy. The Pylo 200-LTE weight scale delivers precise weight readings and easy cellular connectivity with no patient setup required. Both devices are clinically validated and compatible with the Prevounce care management platform and other health apps.

Remote patient monitoring devices and equipment enable patients to use mobile medical devices for routine tests and transmit the data to healthcare professionals in real-time. These devices are used to track vital signs and health metrics in real-time, allowing for prompt interventions and enhancing patient outcomes.

The primary types of remote patient monitoring devices and equipment include heart monitors, breath monitors, haematology monitors, and multi-parameter monitors. A heart monitor is a device designed to record the electrical activity of the heart and is typically the size of a pager. These devices have a wide range of applications, including cancer treatment, cardiovascular diseases, diabetes management, sleep disorders, weight monitoring, fitness tracking, and various other healthcare applications. The end-users of these devices can be found in home care settings, clinics, and hospitals.

The remote patient monitoring devices and equipment market research report is one of a series of new reports that provides remote patient monitoring devices and equipment market statistics, including remote patient monitoring devices and equipment industry global market size, regional shares, competitors with a remote patient monitoring devices and equipment market share, detailed remote patient monitoring devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the remote patient monitoring devices and equipment industry. This remote patient monitoring devices and equipment 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.

In May 2024, WearLinq Inc., a US-based company focused on developing cutting-edge health monitoring technologies, acquired AMI Cardiac Monitoring LLC for an undisclosed amount. This acquisition allows WearLinq Inc. to broaden its clinical services nationwide and increase patient access to its newly FDA-approved eWave 6-lead wearable ECG monitor. By combining their strengths and shared vision, this collaboration aims to enhance comprehensive cardiac diagnostics and solidify their position as leaders in healthcare for cardiac patients. AMI Cardiac Monitoring LLC is a US-based company specializing in providing remote patient monitoring devices and equipment tailored for cardiac care.

Major companies operating in the remote patient monitoring devices and equipment market include Philips Healthcare, Honeywell International Inc., GE Healthcare, Medtronic PLC, Boston Scientific Corporation, Johnson & Johnson, Biotronik, Robert Bosch GmbH, COVIDien Plc., American Telecare Inc., Intel Corporation, Welch Allyn Inc., Health Anywhere Inc., Global Media Group LLC, AMD Global Telemedicine Inc., Bayer Healthcare AG, IBM Watson, Accenture PLC, Telesofia Medical Ltd., Boehringer Ingelheim GmbH, Eliza Corporation, Natus Medical Inc., Nihon Kohden Corporation, Compumedics, DexCom Inc., Abbott Laboratories, Aerotel Medical Systems Ltd., GYANT Health, Vitls Inc., Medopad, Polso.

Asia-Pacific was the largest region in the global remote patient monitoring devices and equipment market in 2024. 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 countries covered in the remote patient monitoring devices and equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The remote patient monitoring devices and equipment market consists of sales of instruments such as heart monitors, breath monitors, and multi-parameter monitors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

This product will be delivered within 3-5 business days.