Patient Telemonitoring System Market, Global Outlook and Forecast 2024-2030
The global Patient Telemonitoring System market size was valued at US$ 4.56 billion in 2024 and is projected to reach US$ 8.92 billion by 2030, at a CAGR of 11.8% during the forecast period 2024-2030.
The United States Patient Telemonitoring System market size was valued at US$ 1.45 billion in 2024 and is projected to reach US$ 2.76 billion by 2030, at a CAGR of 11.3% during the forecast period 2024-2030.
Patient Telemonitoring Systems are healthcare technologies that enable remote monitoring of patients' vital signs and health conditions, facilitating continuous care and early intervention.
The global market is growing rapidly, driven by telemedicine adoption and chronic disease management needs. In 2023, active monitoring devices reached 12 million units globally, with cardiac monitoring accounting for 35% of applications. The market saw a 40% increase in AI-enabled system adoption in 2023. Real-time monitoring solutions dominate with a 70% market share, while store-and-forward systems are growing at 15% annually. North America leads with a 45% market share, while Asia Pacific is the fastest-growing region at 13.2% CAGR. The industry is focusing on developing cloud-based platforms, with a 45% growth in R&D investments for advanced analytics capabilities.
Report Overview
Patient Telemonitoring System is the system to measure vital signs remotely, and to manage escalation strategies based on pre-determined rules applied on the measured data.
Data transfer can be achieved via wireless communication means and or data transfer over other media, such as a telephone or computer network or via an optical link.
Patient Telemonitoring System improves patient visibility and interaction, which is beneficial at any point of the care continuum.
Data of Remote Patient Monitoring Products include equipment and software in the report.
This report provides a deep insight into the global Patient Telemonitoring System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Patient Telemonitoring System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Patient Telemonitoring System market in any manner.
Global Patient Telemonitoring System Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Medtronic
Philips Healthcare
Boston Scientific Corporation
Abbott
GE Healthcare
Biotronik
Nihon Kohden
Abbott
Honeywell
SHL Telemedicine
TeleMedCare
Market Segmentation (by Type)
COPD
Diabetes
Cardiopathy
Others
Market Segmentation (by Application)
Home Care
Long-term Care Centers
Hospice Care
Geographic Segmentation
