Remote Patient Monitoring Market is set to be an over $18 bn opportunity by 2026 and is expected to witness a significant CAGR of 25% by 2026

Medi-Tech Insight’s latest research report reveals a vast and an untapped growth opportunity in the global remote patient monitoring market. This report on global remote patient monitoring market deep dives into the major growth levers, market pricing intelligence, competitive landscape analysis, segment analysis, product mapping & an untapped growth pockets.

Healthcare is a medical segment which is significantly growing and is marked by consistent advancements and innovations in technology, products and services. A significant technology in this segment is remote monitoring of patients which offers many benefits in a fast-aging and growing world population with an increasing health complications.

The remote patient monitoring market is driven by the growing prevalence of chronic diseases, the introduction of new CPT reimbursement codes by CMS, the Covid-19 pandemic-driven surge to shift hospital care into home healthcare, and technological advancements in the RPM hardware, software and patient care capabilities.

Covid-19 Lends a Positive Spin to the Global Remote Patient Monitoring Market

Covid-19 pandemic had a positive and significant impact on the global remote patient monitoring market as the value of RPM services became apparent. The next phase of market growth is projected to be driven by growing adoption and application of remote patient monitoring services, and the urge to reduce patient medical costs and improve medical results for patients with chronic disorders. Patient demand and financial incentives for providers and health systems are driving the demand for post-acute medical care in segments like cardiology, orthopedics.

Global Remote Patient Monitoring Market – A Highly Fragmented Market

The global remote patient monitoring market is a highly fragmented market with over 200 companies trying to grab a higher share of this ever-growing market and it is very important for RPM market players to deploy well-researched and go-to-market strategies. Companies from the Telehealth market and PERS market are also looking to gain entry into the global remote patient monitoring market as seen by the acquisition of Livongo by Teladoc.

Key Growth Drivers for Remote Patient Monitoring Market Companies are as follows:

• Offering healthcare solutions which are comprehensive, integrated, and tailored to chronic diseases such as diabetes, COPD, hypertension.
• Incorporation of Artificial Intelligence and Machine Learning into Remote Patient Monitoring solutions to increase patient engagement and compliance.
• Going beyond capturing data and helping physicians to manage patient population to improve patient results and reduce medical costs.

Competitive Landscape Analysis: Remote Patient Monitoring Market

In terms of the competitive landscape analysis, the global remote patient monitoring market is marked by the presence of both established industry players and several promising players. Some of the well-established players operating in the remote patient monitoring market are Vivify Health? , healthrecoverysolutions , Teladoc Health , Amwell , AMC Health , CareClix, Inc , Ontrak Health , Accuhealth is Becoming TelliHealth , iHealth Labs and many others.

Future Outlook: Global Remote Patient Monitoring Market

The growth prospects of the global remote patient monitoring market looks quite promising. The remote patient monitoring market is anticipated to gain a consistent momentum in the upcoming years due to an increasing investments in RPM & Telehealth market, rising focus on post-acute care, multiple benefits of RPM such as the decreased risk of disease transmission, quicker access to patient data, improved patient health results, freeing up of limited resources to address serious cases, entry of new market players in the remote patient monitoring market, technological advancements, increasing application of artificial intelligence (AI) in remote patient monitoring market and growing world population.

Get Detailed Insights on Remote Patient Monitoring Market with a Sample Report @ https://meditechinsights.com/remote-patient-monitoring-market/

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