Remote Patient Monitoring Devices – Thematic Research
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Remote Patient Monitoring Devices Market Overview
Remote patient monitoring (RPM) technology is the use of digital technologies and services to monitor, analyze, and capture the health data of patients and send this information to healthcare professionals for further evaluation. RPM devices can greatly improve the management of various chronic conditions. The primary goal of RPM devices is to accurately collect a wide range of health data for a patient, such as blood pressure, heart rate, vital signs, weight, and blood sugar levels. The patient’s health information is then transmitted to healthcare specialists for monitoring and evaluation, with patients staying at home rather than visiting healthcare facilities.
The remote patient monitoring devices thematic intelligence report provides a briefing on the theme with a detailed analysis of market opportunity, and factors driving its development and adoption. The report also presents key technology, macroeconomic and regulatory trends impacting the theme. The industry analysis section discusses early COVID-19 use cases of the RPM devices.
RPM Devices Industry Analysis
The RPM devices market size was $548.9 million in 2020. The market is expected to grow at a CAGR of more than 3% over the forecast period. The RPM devices market is driven by several factors, including the need for payers and providers to decrease costs and improve operational efficiency, the increasing ease of use of the home-based RPM devices, the increasing need for improved healthcare in rural areas, the increasing aging population requiring additional healthcare support while having less mobility to leave the house, and the high growth of chronic diseases outside of the US and Europe.
For more RPM industry analysis, download a free report sample
The industry analysis section also covers:
- RPM devices: COVID-19 use cases
- Mergers and acquisitions
- Timeline
Key Trends
The main trends shaping the RPM devices theme are classified into three categories: technology trends, macroeconomic trends, and regulatory trends.
- Technology trends – The key technology trends impacting the RPM devices theme are artificial intelligence (AI)/machine learning (ML), 5G, internet of things, cloud, mobile health apps, wearable devices, cybersecurity, electronic health records (EHR), and telemedicine services.
- Macroeconomic trends – The report analyses macroeconomic trends impacting the RPM devices theme, including COVID-19, increasing prevalence of chronic diseases, and patient consumerism.
- Regulatory trends – The report highlights the key regulatory trends impacting the RPM devices theme, including FDA’s emergency use authorization, software as a medical device, reimbursement, and HIPAA.
For more insights on key trends impacting the RPM devices, download a free report sample
RPM Devices Value Chain Analysis
The key components of RPM systems are similar to the structure of the IoT system. There are five layers, namely devices, connectivity, data, apps, and services.
Devices: RPM devices that are used by medical practitioners and patients themselves to monitor, acquire, transmit, process, and store different kinds of patient biometric data.
Connectivity: RPM devices can transmit patient data via cellular, Bluetooth, Wi-Fi, and RFID connections.
Data: Data from RPM devices must be analyzed, stored, and integrated into EHRs. Data must also be secure and comply with HIPAA requirements.
RPM Devices Value Chain
For more insights on the RPM devices value chain, download a free report sample
Leading Companies in the RPM Devices Theme
Some of the companies making their mark within the RPM devices market are:
- Abbott Laboratories
- AliveCor
- Apple
- Boston Scientific
- DexCom
- GE Healthcare
- iRhythm
- Medtronic
- Nihon Kohden
Medical Devices Sector Scorecard – RPM Devices Theme
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Each sector scorecard has three screens:
- The thematic screen tells us who are the overall leaders in the 10 themes that matter most, based on our thematic engine.
- The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
- The risk screen ranks companies within a particular sector based on overall investment risk.
Medical Devices Sector Scorecard – Thematic Screen
For more insights on the medical devices sector scorecard, download a free report sample
RPM Devices Theme Overview
RPM devices trends | Technology, Macroeconomic, Regulatory |
Report pages | 34 |
Market Size (2020) | $548.9 million |
Regions covered | Global |
Value chain | Devices, Connectivity, Data, Apps, and Services |
Leading companies | Abbott Laboratories, AliveCor, Apple, Boston Scientific, DexCom, GE Healthcare, Google, iRhythm, Medtronic, and Nihon Kohden |
Reasons to Buy
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
- Develop and design your corporate strategies through an in-house expert analysis of Remote Patient Monitoring by understanding the primary ways in which this theme is impacting the medical devices industry.
- Stay up to date on the industry’s major players and where they sit in the value chain.
- Identify emerging industry trends to gain a competitive advantage.
Medtronic
Philips
Panasonic
Welch Allyn
Masimo
Nihon Kohden
Qardio
Bardy Diagnostics
Microlife
Ambio Health
Abbott
DexCom
Senseonics
Bioling
Olympus
Nemaura Medical
Vivify Health
Pkvitality
Eccrine Systems
Apple
Microsoft
Samsung
Garmin
Lepu Medical
Shree Pacetronix
Vitatron Pacemakers
Table of Contents
Frequently asked questions
-
What are RPM devices?
Remote patient monitoring (RPM) is the use of digital technologies and services to monitor, analyze, and capture the health data of patients and send this information to healthcare professionals for further evaluation. The primary goal of RPM devices is to accurately collect a wide range of health data for a patient, such as blood pressure, heart rate, vital signs, weight, and blood sugar levels.
-
What are the key trends shaping the RPM devices theme?
The main trends shaping the RPM devices theme are technology trends, macroeconomic trends, and regulatory trends.
-
What is the market size of the RPM devices?
The RPM devices market size was $548.9 million in 2020.
-
What is the growth rate of the RPM devices market?
The market is expected to grow at a CAGR of more than 3% over the forecast period.
-
What are the segments of the RPM devices value chain?
The key segments of the RPM devices value chain are devices, connectivity, data, apps, and services.
-
Which companies are leading in the RPM devices theme?
Leading companies in the RPM devices theme are Abbott Laboratories, AliveCor, Apple, Boston Scientific, DexCom, GE Healthcare, Google, iRhythm, Medtronic, and Nihon Kohden.
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