U.S. Remote Patient Monitoring Devices Market Size & Outlook
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U.S. remote patient monitoring devices market highlights
- The U.S. remote patient monitoring devices market generated a revenue of USD 1,791.7 million in 2023 and is expected to reach USD 5,839.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 18.4% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Remote patient monitoring devices market data book summary
Market revenue in 2023 | USD 1,791.7 million |
Market revenue in 2030 | USD 5,839.7 million |
Growth rate | 18.4% (CAGR from 2023 to 2030) |
Largest segment | Specialized monitors |
Fastest growing segment | Vital Sign Monitors |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Vital Sign Monitors, Specialized Monitors |
Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, U.S. accounted for 34.6% of the global remote patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. remote patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,839.7 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
Name | Profile | # Employees | HQ | Website |
---|---|---|---|---|
CareValidate | View profile | 11-50 | Atlanta, Georgia, United States, North America | https://www.carevalidate.com/ |
Vital Farms Inc Ordinary Shares | View profile | 447 | 3601 South Congress Avenue, Suite C100, Austin, TX, United States, 78704 | https://www.vitalfarms.com |
American Well Corp Ordinary Shares - Class A | View profile | 1104 | 75 State Street, 26th Floor, Boston, MA, United States, 02109 | https://business.amwell.com |
shenzhen mindray automation equipment co. | View profile | 101-250 | Baoan, Guangdong, China, Asia | https://www.mindray-ele.com |
BioTelemetry | View profile | 1001-5000 | Malvern, Pennsylvania, United States, North America | https://www.gobio.com |
OSI Systems Inc | View profile | 6423 | 12525 Chadron Avenue, Hawthorne, CA, United States, 90250 | https://www.osi-systems.com |
Masimo Corp | View profile | 3796 | 52 Discovery, Irvine, CA, United States, 92618 | https://www.masimo.com |
Welch Allyn | View profile | 1001-5000 | Skaneateles Falls, New York, United States, North America | https://www.welchallyn.com/en.html |
BIOTRONIK | View profile | 5001-10000 | Berlin, Berlin, Germany, Europe | https://www.biotronik.com/de-de |
Draegerwerk AG & Co KGaA | View profile | 16476 | Moislinger Allee 53–55, Lubeck, Germany, 23542 | https://www.draeger.com |
Nihon Kohden Corp | View profile | 6325 | 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 | http://www.nihonkohden.co.jp |
Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
Roche Holding AG ADR | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
U.S. remote patient monitoring devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.54% in 2023. Horizon Databook has segmented the U.S. remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. remote patient monitoring devices market is expected to showcase significant growth over the forecast period owing to advancements in technology. Increasing geriatric population is one of the major factors driving market growth in the country.
For instance, according to the Population Reference Bureau, the number of Americans aged 65 years or above is expected to increase from 52.0 million in 2018 to 95.0 million by 2026, and this age group’s share of the overall population is likely to rise from 16% to 23%.
As elderly people prefer home healthcare services, the increasing geriatric population is expected to boost the demand for remote monitoring devices in the country during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. remote patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into U.S. remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. remote patient monitoring devices market size, by end use, 2018-2030 (US$M)
U.S. Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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