Remote Patient Monitoring Market Scope, Size, Share, Trends, Forecast By 2026

Posted by aartimurkute on January 12th, 2022

In line with unprecedented expansion of the home healthcare segment, remote patient monitoring technologies are likely to gather continued traction. With the onset of global COVID-19 pandemic, hospitals witnessed an abrupt plunge in daily footfall at non-emergency departments. In addition to telemedicine, and telehealth, demand for remote patient monitoring also exhibited a dramatic rise on the back of this scenario. Global remote patient monitoring market is poised for a robust growth outlook for the course of 2021 – 2026 as suggested by a new ongoing market intelligence report of Fairfield Market Research. However, the reimbursement scenario will continue to be a challenge facing the participants in remote patient monitoring market.

To Read Complete Report of Remote Patient Monitoring Market: https://www.fairfieldmarketresearch.com/report/remote-patient-monitoring-market

Market Gains a Push from COVID-19 Outbreak

Growing need for continuous health monitoring of patients suffering chronic conditions is pushing adoption of remote patient monitoring technologies, services, and products. Demand reached new heights when it came to addressing the critically growing need for at-home monitoring of COVID-19 patients. Given the level of improvement in patient outcome at a far reduced cost that can be achieved with RPM adoption, the report says that an increasing number of healthcare providers are now considering inclusion of remote patient monitoring products, and services in their existing portfolios. The list of popularly adopted RPM devices is thus all set to extend beyond heart rate monitor, continuous glucose monitor, weight scale, blood pressure monitor, pulse oximeter, and spirometer.

A Host of Advantages to Lure Both Patients, and Healthcare Providers toward RPM

Adoption of remote patient monitoring as one of the mainstream healthcare delivery models would enable both healthcare providers, and patients to reap certain unique benefits. It facilitates collection, and compilation of critical patient data by allowing real-time remote patient monitoring. The process plays an important role in early diagnosis, and regulation of signs and symptoms. It has the capability to completely eliminate the need for a virtual, or in-person meeting with a physician, and eventually contribute toward the ultimate objective of preventing the disease progression. It helps healthcare providers to avoid unnecessary admissions at their facilities and allows patients to rely on home healthcare rather than spending on hospital admission/readmission. The easier, efficient, and high-quality healthcare delivery that would come at affordable costs is likely to drive demand for remote patient monitoring in future.

Key Players Actively Competing in Global Remote Patient Monitoring Market

Abbott Laboratories, General Electric Company, Philips Healthcare, Medtronic Plc, Honeywell Life Sciences, Boston Scientific Corporation, Dexcom, Senseonics, Biotronik SE & Co. KG, Omron Corporation, Aerotel Medical Systems Ltd., Johnson and Johnson, Masimo Corporation, ResMed, and Nihon Kohden Corporation are some of the leading companies driving competition in global remote patient monitoring market space.

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