Canada Remote Patient Monitoring Devices Market Summary, Competitive Analysis and Forecast to 2028
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Remote Patient Monitoring Devices in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
– Remote patient monitoring (RPM) involves the utilization of digital technologies and services to oversee, analyze, and capture patients' health data, which is subsequently transmitted to healthcare professionals for thorough assessment. The primary objective of RPM devices is to precisely gather an extensive array of health information from patients, including blood pressure, heart rate, vital signs (such as temperature, lung capacity, oxygen saturation, and others), weight, and blood sugar levels. By enabling patients to remain remotely instead of visiting healthcare facilities, their health data is relayed to healthcare specialists for ongoing monitoring and evaluation. It is worth noting that RPM encompasses the revenue generated through the sale of peripheral devices but excludes patient data processing applications, equipment, and applications focused solely on integrating data with electronic medical records (EMRs).
– The Canadian remote patient monitoring devices market had total revenues of $504.1 million in 2023, representing a compound annual growth rate (CAGR) of 2.5% between 2018 and 2023.
– The external remote patient monitoring devices segment accounted for the market's largest proportion in 2023, with total revenues of $316 million, equivalent to 62.7% of the market's overall value.
– The COVID-19 pandemic, rising chronic disease incidence, and technological advances in monitoring devices have all contributed to a rise in demand for remote patient monitoring (RPM) devices in Canada.
Scope
– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the remote patient monitoring devices market in Canada
– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the remote patient monitoring devices market in Canada
– Leading company profiles reveal details of key remote patient monitoring devices market players’ global operations and financial performance
– Add weight to presentations and pitches by understanding the future growth prospects of the Canada remote patient monitoring devices market with five year forecasts
Reasons to Buy
– What was the size of the Canada remote patient monitoring devices market by value in 2023?
– What will be the size of the Canada remote patient monitoring devices market in 2028?
– What factors are affecting the strength of competition in the Canada remote patient monitoring devices market?
– How has the market performed over the last five years?
– What are the main segments that make up Canada's remote patient monitoring devices market?
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