Europe Remote Patient Monitoring Market Key Players and Forecast by 2028

The remote patient monitoring market in Europe is expected to grow from US$ 9,442.34 million in 2021 to US$ 59,123.15 million by 2028; it is estimated to grow at a CAGR of 30.0% from 2021 to 2028.

With a rise in cases of chronic illnesses such as diabetes and hypertension, there has been a rise in awareness regarding one’s health. Also, in recent days, there has been a significant rise in the number of individuals suffering from heart related disorders. These factors have enhanced the importance of maintaining health among the population in the developed as well as the developing nations. The demand for various health monitoring devices for maintaining a track of health status has increased significantly in the recent years. Also, there has been a rise in number of specialty clinics and home healthcare business in the region. The UK is anticipated to offer significant growth opportunity during the forecast period, owing to higher disposable income as well as the rate of urbanization in the region. The use of handheld and wearable devices for monitoring vital signs has been high among the old age population as well as millennial. Owing to the growth in awareness regarding health, the market for remote patient monitoring devices is anticipated to witness significant growth during the forecast period.

The European region is highly affected by the outbreak of the COVID-19 pandemic. Countries like Italy, Spain, the UK, Germany, France, and other European counties such as Russia, Switzerland are highly affected. Most of the deaths were registered in these countries in the initial phases of the pandemic onset. The European countries are currently facing the second wave of the pandemic. Therefore, to control the spread of coronavirus, governments of various countries have implemented lockdown. Reliable and timely COVID-19 observation of vital signs is an integral part of the monitoring, prevention, touch recording, and control of infections, and clinical management of COVID-19. For instance, an ERDF-funded project is helping to tackle the COVID-19 crisis in Italy. New sensing devices created by the MEDIWARN project allow healthcare staff to monitor patients suffering from the disease at a distance. The remote patient monitoring solutions can monitor a patient’s vital signs such as heartbeat, respiratory rate, blood pressure and body temperature. It is difficult and dangerous for medical and nursing staff to monitor COVID-19 patients in person. Patients infected and symptomatic need to be isolated in rooms with negative pressure. The new and advanced devices allow staff to monitor such patients more easily from another room. Thus, COVID-19 pandemic resulted in increasing demand of healthcare monitoring and awareness boosting the remote patient monitoring market in the forecasted period.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe remote patient monitoring market. The Europe remote patient monitoring market is expected to grow at a good CAGR during the forecast period.

Europe Remote Patient Monitoring Market Segmentation

Europe Remote Patient Monitoring Market – By Type

• Software
  • Cloud
  • On-Premise
• Devices
  • Cardiac Monitoring Devices
  • Neurological Monitoring Devices
  • Respiratory Monitoring Devices
  • Multiparameter Monitoring Devices
  • Blood Glucose Monitoring Devices
  • Fetal and Neonatal Monitoring Devices
  • Weight Monitoring Devices
  • Other Monitoring Devices
• Services

Europe Remote Patient Monitoring Market – By End User

• Providers
  • Hospitals
  • Home Care Settings
  • Ambulatory Care Centers
  • Others
• Payers
• Patients
• Others

Europe Remote patient monitoring market – By Country

• Germany
• France
• United Kingdom
• Italy
• Spain
• Rest of Europe

Europe Remote patient monitoring market – Companies Mentioned

• Medtronic
• Koninklijke Philips N.V.
• Boston Scientific Corporation
• Abbott
• OMRON Corporation
• Siemens Healthineers AG
• Nihon Kohden Corporation                                     
• General Electric Company
• Cerner Corporation            

Europe Remote Patient Monitoring Report Scope