Remote Patient Monitoring Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Remote Patient Monitoring Market in 2025 is evaluated at USD 9.86 billion. The global market size was worth more than USD 8.53 billion in 2024 and is poised to witness a CAGR of over 19.5%, crossing USD 86.44 billion revenue by 2037. North America leads, backed by major key players and growing chronic disease prevalence.
The market growth can primarily be ascribed to escalating cases of non-communicable diseases (NCDs) across the globe, the lack of space in hospitals for storage, and 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.
Additionally, remarkable rise in government initiatives and spending and increasing cases of COPD are set to fuel the market growth. 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 will boost the market size. 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.
