Remote Patient Monitoring Market to Be Worth $116.84 Billion by 2031 - Exclusive Report by Meticulous Research - Seite 2

Market players have started incorporating artificial intelligence into their remote patient monitoring devices to create automated and efficient monitoring systems for older adults and chronic and post-surgery patients, allowing them to keep track of their vitals along with the doctors.

Some of the recent developments in the RPM market are as follows:

• In March 2023, Zephyr AI (U.S.) partnered with KangarooHealth, Inc. (U.S.) to provide clinicians insights into treatment decisions for patients with chronic conditions. This partnership aims to help doctors address the needs of patients in health emergencies, assist post-surgery patients, and improve health outcomes by providing personalized treatments.
• In May 2023, Sensi.AI (Israel) developed an audio-based software to enable healthcare providers to remotely monitor patients receiving home care and detect or predict physical, cognitive, and emotional care-related anomalies to create a positive health impact.

Thus, the integration of AI in remote patient monitoring is expected to improve patient experience, boosting the adoption of remote patient monitoring solutions.  

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The global remote patient monitoring market is segmented by Product (Monitoring Devices {By Functionality [Blood Glucose Monitoring, Cardiac Monitoring, Neurological Monitoring, Respiratory Monitoring, Multiparameter Monitoring, Blood Pressure Monitoring, Fetal and Neonatal Monitoring, Weight Monitoring, and Other Monitoring Devices] by Type [Wearables, Portable, and Benchtop Monitoring Devices]}, Software, Services), Application (Diabetes, Cardiovascular Diseases, Neurological Disorders, Respiratory Diseases, Oncology, Other Applications), End User (Home-care Settings, Hospitals, Long-term Care Facilities, Other End Users) and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, in 2024, the monitoring devices segment is expected to account for the largest share of 46% of the remote patient monitoring market. Remote patient monitoring devices are used to monitor, analyze, and report the patient's health conditions outside the hospital or clinical settings. These devices transmit the patient's health data to the healthcare provider remotely. The rising prevalence of chronic diseases, the increasing awareness and utilization of telehealth and RPM technologies, the rising consumer awareness regarding the importance of monitoring chronic diseases, the rising demand for personalized healthcare, and the integration of artificial intelligence (AI) and machine learning (ML) in monitoring devices are the factors contributing to the large market share of this segment.