South America Remote Patient Monitoring Market Growth Drivers and Forecast by 2028

The remote patient monitoring market in South America is expected to grow from US$ 1,217.71 million in 2021 to US$ 7,085.71 million by 2028; it is estimated to grow at a CAGR of 28.6% 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. Brazil is anticipated to offer significant growth opportunity during the forecast period, owing to increasing 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 South America region includes countries like Brazil and Argentina with the rest of South American countries such as Chile, Colombia and Peru these countries have registered many positive coronavirus infection cases. These regions are developing in terms of the healthcare and medical service industry. The countries in these regions are highly dependent on medical devices and pharmaceutical products imported from developed countries. Therefore, countries have faced several challenges with their requirements for patient monitoring devices due to severe disruption in supply chains. The COVID-19 treatment and health monitoring procedures have been developed and are efficiently used to reduce the death rate due to COVID-19. The respiratory and cardiac monitoring remote devices is readily available on online retail platforms such as the online pharmacy and other online retail outlets. The governments in the world are upgrading patient monitoring systems to tackle the challenges during COVID-19 patients. Thus, availability and use of advanced patient monitoring devices in the developing countries and regions are expected to have a positive impact on the markets in rest of the world countries.

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

South America Remote Patient Monitoring Market Segmentation

South 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

South America Remote Patient Monitoring Market – By End User

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

South America Remote patient monitoring market – By Country

• Brazil
• Argentina
• Rest of South America

South 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

South America Remote Patient Monitoring Report Scope