The global patient monitoring and telehealth market has continued its expansion in both the institutional and home segments of the health market with the United States and many European countries at the forefront of implementation.
Building on the previous edition, Remote Patient Monitoring provides a range of coverage in the consumer-grade segment and on-demand telehealth services. In recent years, the consumer segment has become an undeniable segment of this industry and many professional-grade device manufacturers have had to change product design and marketing efforts to reach this new opportunity for growth. The segments largely affected by the consumer device market are glucose monitors, heart rate monitors, fetal and pregnancy monitors, pulse oximeters, sleep apnea devices, weight monitoring devices and other similar areas of product offering.
Also, new for this edition of the report, the market addresses the impact of COVID-19 on telehealth markets, including both devices and services. Includes COVID-19 Impact, COVID-19 Recovery Year Estimates, the result of detailed analysis of secondary information and conversations with vendors.
This market specifically includes equipment and devices with wireless and remote technologies, patient data processing applications and features, applications that transfer patient monitoring results to electronic medical records (EMRs) and services for patient monitoring by third-party providers. This does not include EMR applications and equipment. Basic and manual patient monitoring devices are also not included. Among products not included are obsolete glucose monitors that are not equipped to be part of a system to forward data to a telehealth record and standard hospital patient monitoring equipment that does not forward data to a central station. Many of these older devices can no longer be purchased from the manufacturer directly and are often purchased as a refurbished item.
The base year is 2020, with forecasts provided for each year through 2025. The market was evaluated via a combination of disease prevalence trends, population trends, device innovations, federal and industry standards and regulations, global penetration, economic influences and other macro and micro indicators. Both primary and secondary sources were consulted in developing market estimates.
The market is expected to climb during the forecast period, with North America leading the global market and the United States providing the largest individual market. Emerging markets continue as well to impact sales. The report provides regional market summaries for North America; Europe, Middle East, Africa (EMEA); Asia Pacific; and Latin America; as well as country market information for United States, Canada, Germany, United Kingdom, France, Italy, Japan, China, Brazil, and Mexico.
The market for remote patient monitoring and telehealth is segmented into two basic component groups, which may be integrated components or standalone systems: equipment and devices, and services. Equipment and devices for remote diagnosing, monitoring and treating patients are divided into four major product segments: blood management and function monitors, cardiac event and function monitors, neurological event monitors, and respiratory function monitors.
Market numbers discussed in this report are focused on the global patient monitoring and telehealth market with special market coverage of the specific regions and countries, including:
- North America (the United States, Canada, Mexico)
- Europe (the United Kingdom, Germany, France, Italy)
- Middle East (Iran, Iraq)
- Africa (EMEA)
- Asia Pacific (China, Japan)
- Latin America (Brazil)
Building on the previous edition, Remote Patient Monitoring provides a range of coverage in the consumer-grade segment and on-demand telehealth services. In recent years, the consumer segment has become an undeniable segment of this industry and many professional-grade device manufacturers have had to change product design and marketing efforts to reach this new opportunity for growth. The segments largely affected by the consumer device market are glucose monitors, heart rate monitors, fetal and pregnancy monitors, pulse oximeters, sleep apnea devices, weight monitoring devices and other similar areas of product offering.
Also, new for this edition of the report, the market addresses the impact of COVID-19 on telehealth markets, including both devices and services. Includes COVID-19 Impact, COVID-19 Recovery Year Estimates, the result of detailed analysis of secondary information and conversations with vendors.
This market specifically includes equipment and devices with wireless and remote technologies, patient data processing applications and features, applications that transfer patient monitoring results to electronic medical records (EMRs) and services for patient monitoring by third-party providers. This does not include EMR applications and equipment. Basic and manual patient monitoring devices are also not included. Among products not included are obsolete glucose monitors that are not equipped to be part of a system to forward data to a telehealth record and standard hospital patient monitoring equipment that does not forward data to a central station. Many of these older devices can no longer be purchased from the manufacturer directly and are often purchased as a refurbished item.
The base year is 2020, with forecasts provided for each year through 2025. The market was evaluated via a combination of disease prevalence trends, population trends, device innovations, federal and industry standards and regulations, global penetration, economic influences and other macro and micro indicators. Both primary and secondary sources were consulted in developing market estimates.
Markets by World Region, and Country
The market is expected to climb during the forecast period, with North America leading the global market and the United States providing the largest individual market. Emerging markets continue as well to impact sales. The report provides regional market summaries for North America; Europe, Middle East, Africa (EMEA); Asia Pacific; and Latin America; as well as country market information for United States, Canada, Germany, United Kingdom, France, Italy, Japan, China, Brazil, and Mexico.
Total market is provided, as well as market by facility application:
- Global Market for Patient Monitoring and Telehealth by Region, 2016-2023 (in millions) (North America, EMEA, Asia Pacific, Latin America, Global Market)
- Global Market for Patient Monitoring and Telehealth by Country, 2018 (United States, Japan, China, Germany, United Kingdom, Canada, France, Italy, Brazil, Mexico, ROW)
- North America Market for Patient Monitoring and Telehealth by Country, 2016-2023 (in millions) (United States, Canada, North America Market)
- North America Patient Monitoring/Telehealth Market Value by Facility Application, 2016-2023 (millions) (Hospital/Acute Care, Home Health/Consumer)
- United States Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- Canada Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- EMEA Market for Patient Monitoring and Telehealth by Country, 2016-2023 (in millions) (Germany, United Kingdom, France, Italy, Rest of EMEA, EMEA Market)
- EMEA Patient Monitoring/Telehealth Market Value by Facility Application, 2016-2023 (millions) (Hospital/Acute Care, Home Health/Consumer)
- Germany Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- United Kingdom Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- France Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- Italy Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- Asia Pacific Market for Patient Monitoring and Telehealth by Country, 2016-2023 (in millions) (Japan, China, Rest of Asia Pacific, Asia Pacific Market)
- Asia Pacific Patient Monitoring/Telehealth Market Value by Facility Application, 2016-2023 (millions) (Hospital/Acute Care, Home Health/Consumer)
- Japan Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- China Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- Latin America Market for Patient Monitoring and Telehealth by Country, 2016-2023 (in millions) (Brazil, Mexico, Rest of Latin America, Latin America Market)
- Latin America Patient Monitoring/Telehealth Market Value by Facility Application, 2016-2023 (millions) (Hospital/Acute Care, Home Health/Consumer)
- Brazil Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
- Mexico Patient Monitoring and Telehealth Market Landscape, 2016-2023 (in millions) (Hospital/Acute Care, Home Health/Consumer)
Market Segments by Component
The market for remote patient monitoring and telehealth is segmented into two basic component groups, which may be integrated components or standalone systems: equipment and devices, and services. Equipment and devices for remote diagnosing, monitoring and treating patients are divided into four major product segments: blood management and function monitors, cardiac event and function monitors, neurological event monitors, and respiratory function monitors.
Remote Patient Monitoring and Telehealth Market provides the following market data on equipment and devices:
- Global Patient Monitoring/Telehealth Equipment and Device Market Value by Facility Application, 2016-2023 ($ millions) (Hospital/Acute Care Applications, Home Health/Consumer Applications, Total Revenues, Percent Change)
- Distribution of Revenues for Hospital/Acute Care Telehealth/Remote Monitoring Equipment and Devices, 2018 (Respiratory Function, Neurological Event, Cardiac Event and Function, Blood Management and Function, Other)
- Distribution of Revenues for Home Health/Consumer Telehealth and Remote Monitoring Equipment and Devices, 2018 (Cardiac Event and Function, Neurological Event, Respiratory Function, Blood Management and Function, Other)
- Revenues by Product Type, 2013-2023 (millions) (Blood Pressure Monitors, Rhythm Management Devices/monitors, EEG Monitors, Capnographers, Glucose Monitors, EKG Monitors, Other Neurological Monitors, Sleep Monitors, PT/INR Monitors, Fetal Heart Monitors, Anesthesia Monitors, Other Respiratory Monitors, Other Blood Management.
Table of Contents
Chapter 1: Executive Summary
Chapter 2: Introduction to Remote Monitoring & Telehealth Markets
Chapter 3: Advanced Monitoring & Telehealth Products and Technologies
Chapter 4: Telehealth Regulation and Reimbursement
Chapter 5: Market Segments by Component
Chapter 6: Markets by World Region
Chapter 7: Patient Monitoring & Telehealth Market Leaders
Companies Mentioned
- Abbott
- Aerotel Medical Systems (1998) Ltd.
- Amazon
- Amd Global Telemedicine, Inc.
- American Well Corporation (Amwell)
- Apple
- Athena Gtx, Inc.
- Avita Corporation
- Baxter International
- Biomedix
- Biotronik Se & Co. Kg
- Boston Scientific
- Cardiomedix, Inc.
- Compumedics
- Contec Medical Systems Co., Ltd.
- Dexcom
- Drager
- Edevice Sa
- Eko Devices, Inc.
- GE Healthcare
- Geacom
- General Devices (Gd)
- Globalmed Group LLC
- Honeywell International, Inc.
- Insulet
- Lifescan
- Masimo Corporation
- Medtronic
- Mindray Bio-Medical Electronics Co., Ltd.
- Nihon Kohden
- Notal Vision
- Omron
- Osi Systems, Inc.
- Philips
- Remote Medical International
- Roche
- Swymed, Inc.
- Teladoc Health
- Thinklabs
- Tytocare, Ltd.
- Vsee Lab, Inc.
