Description
Telehealth and remote patient monitoring have become integral to improving health conditions and preventing health complications. The transformations observed during the pandemic have bolstered telemedicine and, consequently, remote patient monitoring, instilling confidence in virtual patient assessment and access to advanced technological monitoring. Since January 2019, remote patient monitoring has experienced a significant surge, and current telehealth systems are leveraging key technologies increasingly prevalent in the health industry to foster further growth. Kalorama Information analyzes these trends and more in Remote Patient Monitoring and Telehealth Markets, 13th Edition. This latest edition extends its coverage to include the consumer-grade segment and on-demand telehealth services.
Globally, the patient monitoring and telehealth market continue to expand in both institutional and home segments of the health market, with the United States and many European countries leading the way. This report focuses on global patient monitoring and telehealth market numbers, with specific market coverage for countries such as the United States, Japan, China, Germany, the United Kingdom, Canada, France, Italy, Brazil, and Mexico. Additionally, regional coverage includes North America, Europe, Middle East, Africa (EMEA), Asia Pacific, and Latin America. Sales figures are presented at the manufacturers’ level in U.S. dollars, offering a close comparison to retail levels in many instances.
This 13th edition builds on its predecessor by providing comprehensive coverage in the consumer-grade segment and on-demand telehealth services. The consumer segment has emerged as a significant aspect of the industry in recent years, prompting professional-grade device manufacturers to adapt their product designs and marketing strategies to tap into this new growth opportunity. This shift has impacted various segments, including glucose monitors, heart rate monitors, fetal and pregnancy monitors, pulse oximeters, sleep apnea devices, weight monitoring devices, and other similar product offerings.
While previous editions extensively explored the impact of COVID-19 in 2020 and 2021, the current edition integrates COVID-19 sales into the total revenues for remote patient monitoring and telehealth market segments. This adjustment reflects changes in the way companies report COVID-19 revenues in 2022 and 2023.
The market specifically includes equipment and devices with wireless and remote technologies, patient data processing applications, and features. Basic and manual patient monitoring devices are excluded, as are obsolete glucose monitors incapable of forwarding data to a telehealth record and standard hospital patient monitoring equipment that does not transmit data to a central station.
Key components of the report include:
- Advanced Monitors and Devices: These involve wireless and remote technologies that monitor and transmit data either within an institution via wireless or intranet or at a remote location using wireless transmissions. The covered devices can provide monitoring information beyond a patient room and can offer data for an Electronic Medical Record (EMR) system or are expected to add such features in the forecast period.
- Patient Data Processing Applications and Equipment: This category includes equipment and devices that use algorithms to evaluate monitoring measurements for a patient’s specific condition(s). Typically, physicians can customize these, with reports sent to them. In the market for advanced/remote patient monitoring systems, the applications and equipment are either integrated into the patient monitoring system or added on to the measuring systems.
The base year for the report is 2023, with forecasts provided for each year through 2028. The evaluation of the market considers 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.
Table of Contents
Chapter 1: Executive Summary
Introduction
Scope and Methodology
Markets by Component
Equipment and Devices
Services
- Table 1-1: Telemedicine, Telehealth, and Advanced and Remote Patient Monitoring Component Descriptions
Markets by End Users
- Table 1-2: End User Groups in Patient Monitoring, Telehealth and Telemedicine Markets
Markets by Region
- Table 1-3: Top 100 Countries by Population and Region, 2020
Market Summary
- Figure 1-1: Global Market for Patient Monitoring and Telehealth Equipment, Devices and Services, 2018 – 2028 (millions)
Competitors
Chapter 2: Introduction to Remote Monitoring & Telehealth Markets
Industry Overview
End Users
The Impact of Population, Life Expectancy and Healthcare Efficiency
Population Trends
- Figure 2-1: The Global Population, 2005-2050
Impact of Aging Populations
- Figure 2-2: Global Population Trends, Total Population vs. Age 65+ Population, 2000-2050
Increasing Life Expectancy and the Demand for Advanced Healthcare Delivery Options
Increase in Chronic Disease
- Figure 2-3: Global Prevalence of Disease, 2000, 2015 and Projected 2030
- Figure 2-4: Mortality: Chronic vs. Acute, 2000, 2010, 2020
Healthcare Efficiency
Barriers to Telehealth Implementation
Telehealth Security: Hacking Threats
Telemedicine Aids in Physician Shortage
Unique Opportunities in Telehealth/Telemedicine
Mental Health Assessment through Telemedicine
Telehealth in Schools
e-Consults Gaining Ground
Chapter 3: Advanced Monitoring & Telehealth Products and Technologies
Overview
New Technologies
Wireless Technologies
Wearable Medical Devices
Smartphones in Healthcare
Benefits of Healthcare Smartphones
Challenges in the Implementation of Smartphones in Healthcare Settings
Remote Monitoring
Telehealth Clinical Trials
- Figure 3-1: Monitoring, Telemedicine & Telehealth Clinical Trials by Condition, April 2022
- Figure 3-2: Monitoring, Telemedicine & Telehealth Clinical Trials by Country, April 2022
Applications by Disease State
Impact of Chronic Disease
- Figure 3-3: Global Number of Diabetes Cases by Country, 2021
Death: The Ultimate Consequence of Chronic Disease
Challenges in Detecting Sepsis
Cloud-Based Mobile Healthcare
Cloud Connectivity and Compatibility
Technology Achievements
Implantable Medical Devices
Technology for Drug Adherence, Targeted Delivery, and Monitoring
Using Technology to Address Behavioral Health
Managing Obesity with Telemedicine
Mobile Medical Applications and Patient Monitoring
Smart Beds
Nanobots in Medicine
Telehealth Presence Growing in Traditional Retail Outlets
Walgreens
Amazon
Chapter 4: Telehealth Regulation and Reimbursement
Overview
Regulatory and Reimbursement Updates
- Table 4-1: US National Telehealth Laws and Reimbursement Structure, Medicaid/Medicare (Live Video, Store-and-Forward, Remote Patient Monitoring (RPM), Email/Phone/Fax, Transmission/Facility Fee)
- Figure 4-1: Number of US States with Telehealth Reimbursement Programs
United States: Interstate Licensure Medical Compact
Europe: Country Cross-Border Telemedicine
Reimbursement for Telehealth Services in United States
- Table 4-2: CY 2024 Medicare Telehealth Services
Reimbursement for Telehealth in Europe
Chapter 5: Market Segments by Component
Introduction
- Figure 5-1: Patient Monitoring Market by Segment (Equipment/Devices, Services), 2018-2028 ($millions)
Equipment and Devices
- Table 5-1: Global Patient Monitoring/Telehealth Equipment and Device Market Value by Facility Application, 2023, 2028 ($ millions)
- Figure 5-2: Global Patient Monitoring/Telehealth Equipment and Device Market Value by Facility Application, 2018-2028
- Figure 5-3: Distribution of Revenues for Hospital/Acute Care Telehealth/Remote Monitoring Equipment and Devices, 2023
- Figure 5-4: Distribution of Revenues for Home Health/Consumer Telehealth and Remote Monitoring Equipment and Devices, 2023
- Figure 5-5: Summary: Telehealth and Remote Monitoring Equipment and Devices, Revenues by Product Type, 2018-2028 (millions)
Blood Pressure Monitor
- Figure 5-6: Blood Pressure Monitor Market Performance, 2018-2028 $ millions
Glucose Monitor
- Figure 5-7: Glucose Testing Monitor Market Performance, 2018-2028 $ millions
Prothrombin Time (PT) Monitor
- Figure 5-8: PT/INR Monitor Market Performance, 2018-2028 $ millions
Cardiac Rhythm/Event Monitor
- Figure 5-9: Cardiac Rhythm Monitor Market Performance, 2018-2028 $ millions
EKG/ECG Monitoring
- Figure 5-10: EKG/ECG Monitor Market Performance, 2018-2028 $ millions
Fetal Heart Monitor
- Figure 5-11: Fetal Heart Monitor Market Performance, 2018-2028 $ millions
Neurological Event and Function Monitor
- Figure 5-12: Neurological Event and Function Monitor Market Performance, 2018-2028 $ millions
Anesthesia Monitor
- Figure 5-13: Anesthesia Monitor Market Performance, 2018-2028 $ millions
Capnograph
- Figure 5-14: Capnograph Monitor Market Performance, 2018-2028 $ millions
Pulse Oximeters
- Figure 5-15: Pulse Oximeter Market Performance, 2018-2028 $ millions
Sleep Monitor
- Figure 5-16: Sleep Monitor Market Performance, 2018-2028 $ millions
Services
Networked Solutions
Cloud Services
Ascom Holding AG (Ascom US Inc.)
ForaHealthyMe, Inc.
Spruce Health
VSee Lab
Remote Monitoring Centers
Direct to Consumer/On-Demand Telehealth
- Table 5-2: Select Telehealth Service Providers – Direct to Consumer – Summary of Cost and Features
- Figure 5-17: Global Remote Monitoring and Telehealth Service Market Value, 2018-2028
- Figure 5-18: Distribution of Revenues for Telehealth/Telemonitoring Services by Source, 2023
Telehealth/Telemonitoring Services by Application
ESRD and Home Dialysis Monitoring
ESRD Home Management: Baxter International
- Table 5-3: Global Telehealth/Telemonitoring Service Market by Application, 2023
Chapter 6: Markets by World Region
Regional Market Summary
- Table 6-1: Global Market for Patient Monitoring and Telehealth by Region, 2018-2028 (in millions)
- Figure 6-1: Global Market for Patient Monitoring and Telehealth by Region, 2018-2028 (in millions)
- Figure 6-2: Global Market for Patient Monitoring and Telehealth by Country, 2023
- Figure 6-3: Distribution of Patient Monitoring and Telehealth by Country/Region, 2023 ($ billions)
North America
- Table 6-2: North America Market for Patient Monitoring and Telehealth (United States, Canada), 2023, 2028 (in millions)
- Figure 6-4: North America: Patient Monitoring and Telehealth Market by Country, 2018-2028 (in millions)
- Figure 6-5: North America Patient Monitoring/Telehealth Market Value by Facility Application, 2018-2028 (millions)
United States
- Figure 6-6: United States Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
Canada
- Figure 6-7: Canada Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
Europe, Middle East, Africa (EMEA)
- Table 6-3: EMEA Market for Patient Monitoring and Telehealth (Germany, United Kingdom, France, Italy), 2023, 2028 (in millions)
- Figure 6-8: EMEA: Patient Monitoring and Telehealth Market by Country, 2018-2028 (in millions)
- Figure 6-9: EMEA Patient Monitoring/Telehealth Market Value by Facility Application, 2018-2028 (millions)
Germany
- Figure 6-10: Germany Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
United Kingdom
- Figure 6-11: United Kingdom Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
France
- Figure 6-12: France Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
Italy
- Figure 6-13: Italy Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
Asia Pacific
- Table 6-4: Asia Pacific Market for Patient Monitoring and Telehealth (Japan, China), 2023, 2028 (in millions)
- Figure 6-14: Asia Pacific: Patient Monitoring and Telehealth Market by Country, 2018-2028 (in millions)
- Figure 6-15: Asia Pacific Patient Monitoring/Telehealth Market Value by Facility Application, 2018-2028 (millions)
Japan
- Figure 6-16: Japan Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
China
- Figure 6-17: China Patient Monitoring and Telehealth Market Landscape, 2023-2028 (in millions)
Latin America
- Table 6-5: Latin America Market for Patient Monitoring and Telehealth (Brazil, Mexico), 2023-2028 (in millions)
- Figure 6-18: Latin America: Patient Monitoring and Telehealth Market by Country, 2018-2028 (in millions)
- Figure 6-19: Latin America Patient Monitoring/Telehealth Market Value by Facility Application, 2018-2028 (millions)
Brazil
- Figure 6-20: Brazil Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
Mexico
- Figure 6-21: Mexico Patient Monitoring and Telehealth Market Landscape, 2018-2028 (in millions)
Chapter 7: Patient Monitoring & Telehealth Market Leaders
Introduction
- Figure 7-1: Major Player Participation in Patient Monitoring and Telehealth – 2023 Market Share
Abbott
- Table: 7-1: Corporate Profile – Abbott
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-2: Abbott Financial Review, 2019-2023 ($billions)
Boston Scientific
- Table 7-3: Corporate Profile – Boston Scientific
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-4: Boston Scientific Financial Review, 2019-2023 ($billions)
Dexcom
- Table 7-5: Corporate Profile – Dexcom
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-6: Dexcom Financial Review, 2019-2023 ($millions)
Drager
- Table 7-7: Corporate Profile – Drager
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-8: Drager Financial Review, 2019-2023 ($millions)
GE Healthcare
- Table 7-9: GE Healthcare Corporate Summary
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-10: GE Healthcare Financial Review, 2018-2023 ($ billions)
Insulet
- Table 7-11: Corporate Profile – Insulet
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-12: Insulet Financial Review, 2019-2023 ($millions)
Masimo Corporation
- Table 7-13: Corporate Profile – Masimo
Company Overview
Product Portfolio
Financial Performance
- Table 7-14: Masimo Financial Review, 2019-2023 ($ millions)
Medtronic
- Table 7-15: Corporate Profile – Medtronic
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-16: Medtronic Financial Review, Fiscal 2019-2023 ($billions)
Mindray Bio-Medical Electronics Co., Ltd.
- Table 7-17: Corporate Profile – Mindray
Company Background and Overview
Product Portfolio
Financial Performance
LifeScan
- Table 7-18: Corporate Profile – LifeScan
Company Background and Overview
Product Portfolio
Nihon Kohden
- Table 7-19: Corporate Profile – Nihon Kohden
Company Background and Overview
Product Portfolio
Financial Performance
OMRON
- Table 7-20: Corporate Profile – OMRON
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-21: OMRON Financial Review, FY 2019-2023 ($millions)
Philips
- Table 7-22: Corporate Profile – Philips
Company Background and Overview
Product Portfolio
Financial Performance
BioTelemetry
- Table 7-23: Philips Financial Review, 2019-2023 ($millions)
Roche
- Table 7-24: Corporate Profile – Roche
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-25: Roche Financial Review, 2019-2023 ($billions)
Teladoc Health
- Table 7-26: Corporate Profile – Teladoc Health
Company Background and Overview
Product Portfolio
Financial Performance
- Table 7-27: Teladoc Health Financial Review, 2019-2023 ($millions)
AMD Global Telemedicine, Inc.
American Well Corporation (amwell)
Athena GTX, Inc.
AViTA Corporation
Baxter International
Biomedix
Biotronik SE & Co. KG
Cardiomedix, Inc.
Compumedics
Contec Medical Systems Co., Ltd.
eDevice SA
Eko Devices, Inc.
GeaCom
General Devices (GD)
E-bridge
CAREpoint
GlobalMed Group LLC
Notal Vision
OSI Systems, Inc.
Remote Medical International
swyMed, Inc.
Thinklabs
TytoCare Ltd.
VSee Lab, Inc.
