MRRSE has announced the addition of the “Global Market Study on Remote Patient Monitoring Devices: Cardiac Monitors Product Type Segment to Account for 50.9% Market Revenue Share by 2024” report to their offering.

1. Remote Patient Monitoring Devices Market is estimated to
increase to US$ 1,502.9 Mn by 2024
Report Description
Remote patient monitoring (RPM) is a device that uses the
digital technologies base in order to gather medical and other
health related information/data from individuals at specific

2. locations and electronically communicate that information
securely to healthcare professionals in a different location for
further valuation and recommendations. The global remote
patient monitoring device market stood at a valuation of US$
845.8 Mn in 2015 and this is estimated to increase to US$
1,502.9 Mn by 2024, registering a CAGR of 6.7% in terms of
value.
Market dynamics
Increasing healthcare expenditure and increasing availability
of effective treatment solutions for chronic diseases is
projected to boost revenue growth of the global remote
patient monitoring device market. Market growth is also

3. driven by a rise in the geriatric population with chronic
diseases that propels the demand for remote patient
monitoring devices. Moreover, increasing awareness regarding
remote patient monitoring devices among physicians and
patients; and opinion based diagnosis of chronic diseases
because of lack of standard diagnostic tests in rural areas is
expected to boost the revenue growth of the global remote
patient monitoring device market in the near future.
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However, lack of trained professionals to help with remote
patient monitoring devices is expected to hinder market

4. growth of the global remote patient monitoring device
market. Insufficiency in maintaining the privacy and security
of the stored data, lack of uniformity in device functionality,
and lack of general awareness on patient monitoring devices
are the key restraints challenging the market.
Segmentation-wise market forecast
The global remote patient monitoring device market is
segmented on the basis of Product Type (Cardiac Monitors,
Respiratory Monitors, Hematological Monitors), Application
(Cardiac Arrhythmia, Diabetes, Ischemic diseases,
Hypertension, Sleep apnea, Chronic respiratory diseases,
Hyperlipidemia), and End User (Hospitals, Homecare Settings,

5. Long-term Care Centers, Others). The Cardiac Monitors
product type segment accounted for 49.8% value share in
2015 and is projected to account for 50.9% share by 2024
end while the Respiratory Monitors segment is expected to
reach US$ 435.0 Mn by 2024.
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The Cardiac Arrhythmia application segment is expected to
account for 20.2% revenue share of the global remote patient
monitoring device market by 2016 end while the Diabetes
segment is expected to account for 14.2% revenue share of
the global remote patient monitoring device market by 2016
end.

6. In the end user category, the Hospitals segment is expected
to account for 46.3% revenue share of the global remote
patient monitoring device market by 2016 end while the
Homecare Settings segment is expected to account for 24.0%
revenue share of the global remote patient monitoring device
market by 2016 end. Revenue from the Hospitals segment in
the global remote patient monitoring device market is
expected to increase 1.6X by 2024 end as compared to that
in 2016.
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industry

7. Key regions
The global remote patient monitoring device market has been
segmented on the basis of region into North America, Latin
America, Europe, APEJ, and MEA. In terms of value, North
America is estimated to dominate the global remote patient
monitoring device market with an estimated 31.4% revenue
share by 2016. By the end of 2024, the North America
regional market is anticipated to reach US$ 558.7 Mn,
expanding at a CAGR of 9.0% over the forecast period. The
Europe market is expected to account for 22.8% revenue
share of the global remote patient monitoring device market
by 2016 end. The Europe remote patient monitoring device

8. market is expected to be the second most lucrative market in
the global remote patient monitoring device market.
Key players
The leading companies operating in the global remote patient
monitoring device market are Boston Scientific Corporation,
Koninklijke Philips N.V., Abbott Laboratories, Nihon Kohden
Corporation, F. Hoffmann-La Roche Ltd., LifeWatch AG,
Medtronic, and St. Jude Medical.
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