The IMARC Group recently published a new research study entitled “Remote Patient Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027”, provides a detailed analysis of market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

What are the growth prospects for the remote patient monitoring industry?

The global market for remote patient monitoring reached US$1.1 billion in 2021. Looking ahead, IMARC Group expects the market to reach $2.7 billion by 2027 with a CAGR of 16.1% in the period 2022-2027.

What is remote patient monitoring?

RPM is an ambulatory healthcare system that uses digital technology to collect medical and other healthcare data from patients outside of healthcare facilities. This data is then transmitted to healthcare professionals via telemedicine software applications installed on computers, smartphones, or other handheld devices to monitor the patient’s condition and improve the quality of care provided.

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Market Trends:

The market is primarily being driven by the sudden outbreak of the highly contagious coronavirus disease (COVID-19). Healthcare providers around the world use RPM systems to track patients with moderate COVID-19 symptoms and provide immediate hospital care. This helps free hospital resources to treat more critical patients. In addition, the rise in cardiovascular diseases along with the increasing geriatric population, which is more susceptible to chronic diseases, are increasing the demand for RPM. Moreover, the introduction of innovative devices, improvement of healthcare infrastructure and rapid technological advancement are expected to significantly impact the market growth in the coming years. Looking ahead, IMARC Group expects…