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North America Remote Patient Monitoring Market

2021

North America Remote Patient Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Software, Devices, and Services) and End User (Providers, Payers, Patients, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025808 | No. of Pages: 155 | Category: Medical Device | Status: Published

Market Insights

North America Remote Patient Monitoring Market to Grow at a CAGR of 31.1% to reach US$ 76,657.92 million Million from 2021 to 2028

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The remote patient monitoring market in North America is expected to grow from US$ 11,540.64 million in 2021 to US$ 76,657.92 million by 2028; it is estimated to grow at a CAGR of 31.1% from 2021 to 2028.


With a rise in cases of chronic illnesses such as diabetes and hypertension, there has been a rise in health awareness among population. Also, in recent days, there has been a significant rise in the number of individuals suffering from heart related disorders. These factors have led to increase in the importance of maintaining health among the population in the developed and developing nations. The demand for various health monitoring devices for tracking 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 countries such as the US and Canada. Also, due to an increase in the disposable income as well as the rate of urbanization in the economies such as Mexico the market is expected to experience growth opportunities. The use of handheld and wearable devices for monitoring vital signs has been increased 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.

North America has experienced a rising number of cases of COVID-19 since its outbreak. The clinical and product development engine has experienced profound disruption as colleagues adjust to remote work environments and lab capacity is reduced. Clinical trials are also severely affected by disruptions in both new enrollment and in keeping existing patients on therapies. The impact of COVID-19 has placed many biomedical sensors companies under pressure. However, it also has had a positive impact on the medical device industry, wherein the demand for R&D activity is increasing, leading to a rise in medical device assistance for the detection of COVID-19. For instance, the researchers of the University Of Illinois Grainger College Of Engineering developed an ultrasensitive test using a paper-based electrochemical sensor that can detect the presence of the coronavirus in five minutes. Furthermore, the Government of Canada is invested $25.8M in COVID-19 research to contribute to the global efforts for research on medical countermeasures against COVID-19. For instance, a research project on “Rapid, Ultrasensitive Clinical Detection of 2019 Novel Coronavirus (nCOVID-19) by Novel Microfluidic Electrochemical Nano-Biosensors” was funded US$ 0.79 million. The Government of Canada provided the funding ($26.8M) for the first wave of COVID-19 research projects through the CIHR, the Natural Sciences and Engineering Research Council of Canada (NSERC), the Social Sciences and Humanities Research Council (SSHRC), the International Development Research Centre (IDRC), the Canada Research Coordinating Committee (CRCC) through the New Frontiers in Research Fund (NFRF), and Genome Canada (GC). Thus, increasing funding by the government in research and development activities anticipated the growth of the remote patient monitoring market.

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 North America remote patient monitoring market. The North America remote patient monitoring market is expected to grow at a good CAGR during the forecast period.
North America remote patient monitoring market

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North America Remote Patient Monitoring Market Segmentation

North America 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

North America Remote Patient Monitoring Market – By End User

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

North America Remote patient monitoring market – By Country

  • US
  • Canada
  • Mexico

North America 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
  • VitalConnect
  • Cerner Corporation

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Remote Patient Monitoring Market – By Type

1.3.2 North America Remote Patient Monitoring Market – By End User

1.3.3 North America Remote Patient Monitoring Market – By Country

2. North America Remote Patient Monitoring Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Remote Patient Monitoring Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Expert Opinions

5. North America Remote Patient Monitoring Market – Key Market Dynamics

5.1 Drivers

5.1.1 Up-scaling Prevalence of Chronic Diseases

5.1.2 Surging Awareness Regarding Healthcare

5.1.3 Boosting Demand for Home-Based Treatments

5.2 Restraints

5.2.1 Security and Privacy Concerns

5.2.2 Unaddressed Regulatory Problems

5.3 Opportunity

5.3.1 Extension of Healthcare Facilities in Remote Locations

5.4 Future Trend

5.4.1 Growing Monitoring to Replace Patients’ Routine Visits

5.5 Impact Analysis

6. North America Remote Patient Monitoring – Market Analysis

6.1 North America Remote Patient Monitoring Market Revenue Forecast and Analysis

7. North America Remote Patient Monitoring Market Analysis – By Type

7.1 Overview

7.2 Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)

7.3 Software

7.3.1 Overview

7.3.2 Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.3.2.1 Cloud Software

7.3.2.1.1 Overview

7.3.2.1.2 Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.3.2.2 On-Premise Software

7.3.2.2.1 Overview

7.3.2.2.2 On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Devices

7.4.1 Overview

7.4.2 Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.1 Cardiac Monitoring Devices

7.4.2.1.1 Overview

7.4.2.1.2 Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.2 Neurological Monitoring Devices

7.4.2.2.1 Overview

7.4.2.2.2 Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.3 Respiratory Monitoring Devices

7.4.2.3.1 Overview

7.4.2.3.2 Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.4 Multiparameter Monitoring Devices

7.4.2.4.1 Overview

7.4.2.4.2 Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.5 Blood Glucose Monitoring Devices

7.4.2.5.1 Overview

7.4.2.5.2 Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.6 Fetal and Neonatal Monitoring Devices

7.4.2.6.1 Overview

7.4.2.6.2 Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.7 Weight Monitoring Devices

7.4.2.7.1 Overview

7.4.2.7.2 Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.8 Other Monitoring Devices

7.4.2.8.1 Overview

7.4.2.8.2 Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Services

7.5.1 Overview

7.5.2 Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

8. North America Remote Patient Monitoring Market – By End User

8.1 Overview

8.2 North America Remote Patient Monitoring Market, by End User (2021 and 2028) (%)

8.3 Providers

8.3.1 Overview

8.3.2 Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.1 Hospitals

8.3.2.1.1 Overview

8.3.2.1.2 Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.2 Home Care Settings

8.3.2.2.1 Overview

8.3.2.2.2 Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.3 Ambulatory Care Centers

8.3.2.3.1 Overview

8.3.2.3.2 Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.4 Others

8.3.2.4.1 Overview

8.3.2.4.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Payers

8.4.1 Overview

8.4.2 Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Patients

8.5.1 Overview

8.5.2 Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Remote Patient Monitoring Market – Country Analysis

9.1 Overview

9.1.1 North America Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Country (%)

9.1.1.1 US

9.1.1.1.1 US Remote Patient Monitoring Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.2 US Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Type (US$ Million)

9.1.1.1.2.1 US Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Software (US$ Million)

9.1.1.1.2.2 US Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Devices (US$ Million)

9.1.1.1.3 US Remote Patient Monitoring Market, Revenue and Forecast to 2028, By End User (US$ Million)

9.1.1.1.3.1 US Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Provider (US$ Million)

9.1.1.2 Canada

9.1.1.2.1 Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.2 Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Type (US$ Million)

9.1.1.2.2.1 Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Software (US$ Million)

9.1.1.2.2.2 Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Devices (US$ Million)

9.1.1.2.3 Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028, By End User (US$ Million)

9.1.1.2.3.1 Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Provider (US$ Million)

9.1.1.3 Mexico

9.1.1.3.1 Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.2 Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Type (US$ Million)

9.1.1.3.2.1 Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Software (US$ Million)

9.1.1.3.2.2 Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Devices (US$ Million)

9.1.1.3.3 Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028, By End User (US$ Million)

9.1.1.3.3.1 Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Provider (US$ Million)

10. Impact of COVID-19 Pandemic on North America Remote Patient Monitoring Market

10.1 North America: Impact Assessment of COVID-19 Pandemic

11. North America Remote Patient Monitoring Market– Industry Landscape

11.1 Overview

11.2 Organic Developments

11.2.1 Overview

11.3 Inorganic Developments

11.3.1 Overview

12. Company Profiles

12.1 Medtronic

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Koninklijke Philips N.V.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Cerner Corporation

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Boston Scientific Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Abbott

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 OMRON Corporation

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Siemens Healthineers AG

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Nihon Kohden Corporation

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 VitalConnect

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 General Electric Company

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. US Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2. US Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 3. US Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 4. US Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5. US Remote Patient Monitoring Market, by Providers – Revenue and Forecast to 2028 (USD Million)

Table 6. Canada Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Canada Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 9. Canada Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 10. Canada Remote Patient Monitoring Market, by Providers – Revenue and Forecast to 2028 (USD Million)

Table 11. Mexico Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 12. Mexico Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 13. Mexico Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 14. Mexico Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 15. Mexico Remote Patient Monitoring Market, by Providers – Revenue and Forecast to 2028 (USD Million)

Table 16. Organic Developments Done By Companies

Table 17. Inorganic Developments Done By Companies

Table 18. Glossary of Terms, Remote Patient Monitoring Market

LIST OF FIGURES

Figure 1. North America Remote Patient Monitoring Market Segmentation

Figure 2. North America Remote Patient Monitoring Market Segmentation, By Country

Figure 3. North America Remote Patient Monitoring Market Overview

Figure 4. Devices Segment Held Largest Share of Remote Patient Monitoring Market, By Type

Figure 5. The US to Show Significant Growth During Forecast Period

Figure 6. North America Remote Patient Monitoring Market, Industry Landscape

Figure 7. North America PEST Analysis

Figure 8. North America Remote Patient Monitoring Market Impact Analysis of Driver and Restraints

Figure 9. North America Remote Patient Monitoring Market – Revenue Forecast and Analysis – 2021 - 2028

Figure 10. Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)

Figure 11. Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12. Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13. On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14. Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15. Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 16. Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 17. Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18. Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 19. Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 20. Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21. Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22. Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 23. Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 24. North America Remote Patient Monitoring Market, by End User (2021 and 2028) (%)

Figure 25. Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. North America Remote Patient Monitoring geographic overview, By Country — 2021 (US$ Million)

Figure 34. North America Remote Patient Monitoring Market, Revenue and Forecast to 2028, By Country (%)

Figure 35. US Remote Patient Monitoring Market, Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada Remote Patient Monitoring Market, Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico Remote Patient Monitoring Market, Revenue and Forecast to 2028 (US$ Million)

Figure 38. Impact of COVID-19 Pandemic in North American Country Markets

  1. Medtronic
  2. Koninklijke Philips N.V.
  3. Boston Scientific Corporation
  4. Abbott
  5. OMRON Corporation
  6. Siemens Healthineers AG
  7. Nihon Kohden Corporation                                    
  8. General Electric Company
  9. VitalConnect  
  10. Cerner Corporation                                       
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America remote patient monitoring market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America remote patient monitoring market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the remote patient monitoring market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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