Remote Patient Monitoring Market Size

Remote Patient Monitoring Market size was over USD 8.53 billion in 2024 and is set to cross USD 88.88 billion by the end of 2037, growing at more than 19.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of remote patient monitoring is estimated at USD 9.87 billion.The growth of the market can primarily be ascribed to the escalating cases of non-communicable diseases (NCDs) across the globe, the lack of space in hospitals for storage, and the increasing number of patients suffering from chronic diseases. World Health Organization (WHO) released a set of data demonstrating that nearly 41 million people lose their lives every year due to non-communicable diseases.

Global remote patient monitoring market trends such as a remarkable rise in government initiatives and spending and increasing cases of COPD are projected to influence the growth of the market positively over the forecast period. For instance, chronic obstructive pulmonary disease (COPD) accounted for approximately 3 million deaths across the globe in 2019. Moreover, improvement in lifestyle, growing awareness toward early diagnosis, and ongoing development of medical technology are some of the major factors that are expected to flourish the growth of the market over the forecast period. As of 2019, the spending on medical technology was estimated to be nearly USD 30 billion while the revenue generated by the technology was anticipated to be around USD 450 billion. Hence, all these factors are forecasted to hike the market growth over the forecast period.