Remote Patient Monitoring Market – United States
Remote patient monitoring (RPM) is a type of homecare telehealth in which users use mobile medical equipment and technology to collect and transmit patient-generated health data (PGHD) to healthcare providers. RPM is frequently used to help patients that require chronic, post-discharge or senior care.
Market Size and Forecast
➟ In 2022, the US Remote Patient Monitoring market was valued at $6.70 billion. The market is expected to increase and reach $12.15 billion by 2027.
➟ The US Remote Patient Monitoring market is expected to grow at an approximate CAGR of 13.3% during the forecasted period 2023-2027.
➟ An ageing population and changes in lifestyle mostly drive the demand for remote patient monitoring.
Market Size By Application
Hypertension
➟ In 2022, approximately 86 million adults (≥20 years) in the United States suffered from hypertension.
➟ Therefore, it can be estimated that 26% of the US population is suffering from hypertension.
Weight Loss
➟ According to the CHS National Health and Nutrition Examination Survey, about 48.7% (41.6% for men and 55.4% for women) of the total US population tried to lose weight during 2013–2016.
Respiratory Problems
➟ In 2022, nearly 37 million Americans of the total US population are suffering from respiratory problems (chronic lung diseases, emphysema, and chronic bronchitis).
➟ Therefore, it can be extrapolated that 11.12% of the US population is suffering from respiratory problems.
➟ In 2022, approximately 25 million people in the U.S. had asthma.
➟ A 2022 survey estimated that approximately 40% of Americans reported a COVID-19 infection, of which 19% went on to develop long COVID respiratory problems.
During 2016-2022, the US people who tried to lose weight hold the major share of the market accounting for 48.7%, followed by hypertension (26%) and respiratory problems (11.12%).
US Remote Patient Monitoring Market Dynamics
DRIVERS
➤ Increasing of global aged population
➤ Chronic Diseases as the leading driver of death and disability
➤ Cost Effectiveness of RPM services
CHALLENGES
➤ Lack of data accuracy and increased overhead expenses
➤ Implementation and training staff
Data Sources: Medscape, CDC, AAFA.org, and other sources.
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