The global remote patient monitoring market is expected to grow at a CAGR of ~34% from 2020 to reach ~177 billion by 2027. The growth of this market is primarily attributed to growing geriatric population, prevalence of chronic diseases, demand for expansion of healthcare access, reduction in healthcare costs & burden on medical resources and increasing investments. However, variations in regulatory framework and healthcare frauds are expected to hinder the growth of the market. High utility of remote patient monitoring in containing the contagious diseases provide with growth opportunities.

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The global remote patient monitoring market study provides market data for-by type (software, services and devices), by end user (providers, payers, patients and other end users). The study also evaluates industry competitors and analyses the market at a regional and country level.

By type, device segment accounted for largest share of remote patient monitoring market in 2020. The large share of this market segment can be attributed to demand surge for remote monitoring devices for tracking vitals in various countries. This high demand of connected devices is further fuelled by COVID-19 outbreak. 

By end users, providers segment dominated the remote patient monitoring market in 2020. The large share of this segment is mainly attributed to growing adoption of remote patient monitoring in geriatric and chronically ill patients, technological advancements and improving remote monitoring services. 

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This research report analyses major geographies and provides a comprehensive analysis of North America (US, Canada), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, and RoAPAC), Rest of the world (Latin America, and Middle East & Africa). North America commanded largest market share of remote patient monitoring market, by region. The largest share is attributed to prevalence of chronic diseases, growing geriatric population and initiatives to curb healthcare expenditure. APAC is expected to register highest CAGR. Increasing awareness on remote patient monitoring services, growing focus on connected devices by patient, and rapidly expanding patient pool are expected to drive the growth of this regional segment.