The Global Remote Patient Monitoring Software and Services Market is poised to value over USD 2.7 billion during the forecast period 2022 to 2028.
Remote patient monitoring enables healthcare professionals to remotely monitor disease and symptom progression and engage with patients virtually to modify care plans and provide self-care education based on changes in the patient’s condition. Remote patient monitoring is becoming more popular as it aids in the management of chronic diseases, reduces the frequency of hospital admissions, and lowers healthcare costs, driving market growth. Furthermore, the RPM software promotes patient engagement by allowing patients to communicate with the care team 24 hours a day, seven days a week, and gives patients more control over their health by sending periodic reminders. It also assists patients in maintaining a balanced health status at every point of care, from initial concerns, preliminary diagnosis, and prompt treatment to post-discharge recovery. Furthermore, the COVID-19 outbreak prompted a significant increase in the interaction of healthcare professionals with patients via RPM solutions, allowing for continued access to timely and needed care. Some of the factors driving the market include rising digitalization and internet penetration around the world. Furthermore, rising healthcare costs and the growing need to accurately and real-time monitor population health are driving the adoption of RPM software solutions and applications. The segment is also expected to be driven by the shift to value-based care models in developed economies, as well as several initiatives by public and private players to further develop various applications and software for remote patient monitoring. Market participants focusing on the development of software specifically used for various diseases such as diabetes, cancer, and cardiovascular disease, among others, are fueling the software’s adoption. For example, the Dexcom Clarity software specifically tracks trends in blood glucose gleaned from the wearable device and provides a visual analysis of the data to the patient. Furthermore, government initiatives to facilitate the use of remote patient monitoring software are boosting the market.
The astute research report on Remote Patient Monitoring Software and Services market provides intricate details for analyzing appropriate parameters and valuable insights. The report offers extensive information about this business to help bring forth the growth potential of the market across various segments and provides the clients with a comprehensive analysis of factors like market size, market growth trends, competitive landscape, product utilization, regional growth prospects, and application potential, etc. The data provided in the report has been gathered from a wide variety of sources by using primary and secondary research. This Remote Patient Monitoring Software and Services research report also provides crucial insights into consumer behaviour, brand positioning, pricing analysis, and key player strategies. The market overview included in the Remote Patient Monitoring Software and Services research report incorporates critical factors procured from industry analysts, prominent players as well as trade and industrial organizations.
The report on Remote Patient Monitoring Software and Services market offers up-to-date information on the factors impeding the market growth which shall provide vendors with crucial insights into understanding the market dynamics thereby aiding the clients to sketch out a better business strategy. These factors will help them identify market growth opportunities. Furthermore, FutureWise research analysts provide timely assistance to their customers in understanding eccentric market parameters more effectively thereby leading to better decision-making.
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The Remote Patient Monitoring Software and Services market research report is segmented – by type, by application, by end user, and by region. It also consists of insights regarding the revenue value and sales volume during the forecasted timeframe of 2022 to 2028.
Remote Patient Monitoring Software and Services Market Segmentation:
By Type
Software
Services
By Application
Cancer Treatment
Cardiovascular Diseases
Diabetes Treatment
Sleep Disorder
Weight Management and Fitness Monitoring
Other
By End user
Healthcare Providers
Healthcare Payers & Patients
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Remote Patient Monitoring Software and Services Market Regional Analysis:
The report provides a complete evaluation of the potential amplification of the Remote Patient Monitoring Software and Services Market in pivotal geographic regions such as North America, Asia Pacific, Europe, Latin America and Middle East & Africa.
Competitive Landscape:
Some of the key market players are
OSPLabs
Wipro Ltd.
MedM Inc.
LeewayHertz
Taazaa
Medtronic PLC
Welkin Health, Inc.
Resideo Life Care Solutions
Koninklijke Philips N.V.
FutureWise Key Takeaways:
Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth
Objectives of the Study:
To provide an extensive analysis of the global Remote Patient Monitoring Software and Services market by type, by application, by end user, and by region
To carter complex data and information on the characteristics influencing the market growth (drivers, restraints, opportunities, and industry-specific restraints)
To predict and assess micro-markets and the overall market
To anticipate the market size, in key geographical regions (along with countries)— North America, Europe, Asia Pacific, Latin America and the Middle East and Africa
To estimate and inspect competitive landscape mapping- technological advancements, product launches, mergers and expansions
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