Remote Therapeutic Monitoring Market

Global Remote Therapeutic Monitoring Market Size, Trends & Analysis - Forecasts to 2028 By Application (Therapeutic Data [Therapy/Medication Adherence, Therapy/Medication Response], Non-Physiological Data), By Region (North America, Asia Pacific, Central & South America, Europe, Middle East & Africa), End-User Landscape Analysis, Company Market Share Analysis, and Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 19 2024 with the latest and most recent market numbers

Global Remote Therapeutic Monitoring Market Size

The global remote therapeutic monitoring market is projected to grow at a CAGR of 17.4% from 2023 to 2028.

Remote therapeutic monitoring systems help in monitoring chronic diseases and managing them efficiently while being away from the patient. Remote monitoring systems help in digitizing and automating systems that eliminate critical tasks as well as reduces hospital administrative tasks while increasing efficiency. During the pandemic, hospitals across the world started using online systems to avoid physical visits of patients and to avoid high-threat of getting infected by the virus.

Furthermore, remote therapeutic monitoring helps in collecting therapeutic as well as non-psychological data from patients. Patient registry services, clinical data, and patients’ current health status can be monitored using digital technologies. Such information can be acquired from patients while they are home which saves money on hospitalization and turnaround time of the treatment or consultation. Most of the developing countries have been witnessing a massive jump in their geriatric patient population, along with the rising disposable income. These factors together act strong to promote the market’s growth.

Remote therapeutic monitoring also provides significant insights in terms of patient’s post consultation or treatment satisfactory status as well as degree of adherence to future protocols. This also helps in improving patient rapport, engagement, and activation. The advanced patient data sets offered via RTM can improve the decision-making process and thus enable healthcare providers with patient centric treatment protocol. Hence, these advantages are expected to drive the growth of the market.

Developing countries, have witnessed a major paradigm shift from diagnosis & treatment’s offline protocol to online or bed side diagnosis & treatment methods in order to bridge the gap between optimum healthcare infrastructure and increasing patient population. Moreover increasing investment strategies by the government and private organizations to launch RTM related services, clubbed with growing patient population are some of the other factors driving the growth of the market.

However, the market is currently facing constraints in terms of rapidly changing government regulations related to over the counter medicine delivery, lack of awareness and reach of RTM’s services across the rural region, and high costs associated with the remote monitoring technology.

global remote therapeutic monitoring market

Global Remote Therapeutic Monitoring Market: By Application

The therapeutic data segment is expected to witness the largest share in the global remote therapeutic monitoring market during the forecast period of 2023-2028. Therapeutic data provides insights related to pain levels and medication/therapy adherence of patients. Such information are collected via using remote therapeutic monitoring CPT codes. CPT codes are extremely crucial for remote therapeutic monitoring. Monitoring via codes has helped in therapy adherence as well as timely interventions with patients. This also improves functional ability. The therapeutic data segment helps in the independent self-management of the chronic condition by the patients. The segment provides data-driven decisions and these factors are expected to drive the overall market too.

The non-physiologic data segment is expected to grow the fastest during 2023-2028. Remote therapeutic monitoring has helped physicians to monitor and manage patients in a non-traditional healthcare setting regardless of the patient being close to the caregiver or not. The collection of data irrespective of location has helped various caregivers to track down patient’s medical history and the high accessibility due to the electronic transmission of the data has also helped them share information to other healthcare settings for advanced care services.

asia pacific remote therapeutic monitoring market

Global Remote Therapeutic Monitoring Market: By Region

The North American segment is expected to have the largest share in the global remote therapeutic monitoring market during the forecast period of 2023-2028. North America is home to various skilled technicians along with advanced remote patient monitoring equipments. The main drivers of this market include an increase in the prevalence of chronic diseases, rising demand for wireless and portable systems, and the presence of supportive reimbursement schemes designed to reduce out-of-pocket costs.

Asia-Pacific is expected to grow the fastest during 2023-2028. This growth can primarily be attributed to the rapid expansion of healthcare infrastructure as well as the development of advanced technology in remote patient monitoring space. For instance, in India, post COVID-19, the protocol of therapeutic monitoring has helped in updating records for chronic diseases as well as transformed treatment plans and limited the visits to hospitals. Furthermore, in 2021, Medtronic India released an article about the company’s remote monitoring product that had helped 60% of the diabetic patients across tier 1 cities to manage their glucose levels.

Moreover, Europe, particularly the Western European nations, is anticipated to continue to rank second in terms of revenue sales. The increased mortality rate and growing need for affordable therapy are the primary reasons for this rank. Increasing internal monitoring need, helpful central data management solutions, and improving RPM accuracy & efficiency are the key growth factors for the region.

Global Remote Therapeutic Monitoring Market Share and Competitor Analysis

Medsien, Intellihinc, Zimmer Biomet, Owlytics Healthcare, Limber Health, Medistics, RxCap, Propeller Health, HealthArc, CENSON Health, and B Castle Smith & Co. among others are some of the key players in the remote therapeutic monitoring market.

Please note: This is not an exhaustive list of companies profiled in the report.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics on Feed Stocks

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL REMOTE THERAPEUTIC MONITORING MARKET, BY APPLICATION

4.1 Introduction

4.2 Remote Therapeutic Monitoring Market: Application Scope Key Takeaways

4.3 Revenue Growth Analysis, 2023 & 2028

4.4 Therapeutic Data

4.4.1 Therapeutic Data Market Estimates and Forecast, 2020-2028 (USD Million)

4.4.2 Therapy/Medication Adherence

4.4.2.1 Therapy/Medication Adherence Market Estimates and Forecast, 2020-2028 (USD Million)

4.4.3 Therapy/Medication Response

4.4.3.1 Therapy/Medication Response Market Estimates and Forecast, 2020-2028 (USD Million)

4.5 Non-Physiological Data

4.5.1 Non-Physiological Data Market Estimates and Forecast, 2020-2028 (USD Million)

5 GLOBAL REMOTE THERAPEUTIC MONITORING MARKET, BY REGION

5.1 Introduction

5.2 North America Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.2.1 By Application

5.2.2 By Country

5.2.2.1 U.S. Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.2.2.1.1 By Application

5.2.2.2 Canada Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.2.2.2.1 By Application

5.2.2.2 Mexico Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.2.2.3.1 By Application

5.3 Europe Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.1 By Application

5.3.2 By Country

5.3.2.1 Germany Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.1.1 By Application

5.3.2.2 U.K. Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.2.1 By Application

5.3.2.3 France Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.3.1 By Application

5.3.2.4 Italy Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.4.1 By Application

5.3.2.5 Spain Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.5.1 By Application

5.3.2.6 Netherlands Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.6.1 By Application

5.3.2.7 Rest of Europe Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.3.2.7.1 By Application

5.4 Asia Pacific Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.1 By Application

5.4.2 By Country

5.4.2.1 China Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.1.1 By Application

5.4.2.2 Japan Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.2.1 By Application

5.4.2.3 India Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.3.1 By Application

5.4.2.4 South Korea Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.4.1 By Application

5.4.2.5 Singapore Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.5.1 By Application

5.4.2.6 Malaysia Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.6.1 By Application

5.4.2.7 Thailand Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.7.1 By Application

5.4.2.7 Indonesia Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.7.1 By Application

5.4.2.9 Vietnam Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.9.1 By Application

5.4.2.10 Taiwan Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.10.1 By Application

5.4.2.11 Rest of Asia Pacific Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.4.2.11.1 By Application

5.5 Middle East & Africa Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.5.1 By Application

5.5.2 By Country

5.5.2.1 Saudi Arabia Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.5.2.1.1 By Application

5.5.2.2 U.A.E. Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.5.2.2.1 By Application

5.5.2.3 Israel Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.5.2.3.1 By Application

5.5.2.4 South Africa Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.5.2.4.1 By Application

5.5.2.5 Rest of Middle East & Africa Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.5.2.5.1 By Application

5.6 Central & South America Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.6.1 By Application

5.6.2 By Country

5.6.2.1 Brazil Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.6.2.1.1 By Application

5.6.2.2 Argentina Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.6.2.2.1 By Application

5.6.2.3 Chile Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.6.2.3.1 By Application

5.6.2.4 Rest of Central & South America Remote Therapeutic Monitoring Market Estimates and Forecast, 2020-2028 (USD Million)

5.6.2.4.1 By Application

6 COMPETITIVE LANDCAPE

6.1 Company Market Share Analysis

6.2 Four Quadrant Positioning Matrix

6.2.1 Market Leaders

6.2.2 Market Visionaries

6.2.3 Market Challengers

6.2.4 Niche Market Players

6.3.4 Rest of the World

6.4 Company Profiles

6.4.1 Medsien

6.4.1.1 Business Description & Financial Analysis

6.4.1.2 SWOT Analysis

6.4.1.3 Products & Services Offered

6.4.1.4 Strategic Alliances between Business Partners

6.4.2 Intellihinc

6.4.2.1 Business Description & Financial Analysis

6.4.2.2 SWOT Analysis

6.4.2.3 Products & Services Offered

6.4.2.4 Strategic Alliances between Business Partners

6.4.3 Zimmer Biomet

6.4.3.1 Business Description & Financial Analysis

6.4.3.2 SWOT Analysis

6.4.3.3 Products & Services Offered

6.4.3.4 Strategic Alliances between Business Partners

6.4.4 Owlytics Healthcare

6.4.4.1 Business Description & Financial Analysis

6.4.4.2 SWOT Analysis

6.4.4.3 Products & Services Offered

6.4.4.4 Strategic Alliances between Business Partners

6.4.5 Limber Health

6.4.5.1 Business Description & Financial Analysis

6.4.5.2 SWOT Analysis

6.4.5.3 Products & Services Offered

6.4.5.4 Strategic Alliances between Business Partners

6.4.6 MEDISTICS

6.4.6.1 Business Description & Financial Analysis

6.4.6.2 SWOT Analysis

6.4.6.3 Products & Services Offered

6.4.6.4 Strategic Alliances between Business Partners

6.4.7 RxCap

6.4.7.1 Business Description & Financial Analysis

6.4.7.2 SWOT Analysis

6.4.7.3 Products & Services Offered

6.4.7.4 Strategic Alliances between Business Partners

6.4.7 Propeller Health

6.4.7.1 Business Description & Financial Analysis

6.4.7.2 SWOT Analysis

6.4.7.3 Products & Services Offered

6.4.7.4 Strategic Alliances between Business Partners

6.4.9 HealthArc

6.4.9.1 Business Description & Financial Analysis

6.4.9.2 SWOT Analysis

6.4.9.3 Products & Services Offered

6.4.9.4 Strategic Alliances between Business Partners

6.4.10 CENSON Health

6.4.10.1 Business Description & Financial Analysis

6.4.10.2 SWOT Analysis

6.4.10.3 Products & Services Offered

6.4.10.4 Strategic Alliances between Business Partners

6.4.11 Other Companies

6.4.11.1 Business Description & Financial Analysis

6.4.11.2 SWOT Analysis

6.4.11.3 Products & Services Offered

6.4.11.4 Strategic Alliances between Business Partners

7 RESEARCH METHODOLOGY

7.1 Market Introduction

7.1.1 Market Definition

7.1.2 Market Scope & Segmentation

7.2 Information Procurement

7.2.1 Secondary Research

7.2.1.1 Purchased Databases

7.2.1.2 GMEs Internal Data Repository

7.2.1.3 Secondary Resources & Third Party Perspectives

7.2.1.4 Company Information Sources

7.2.2 Primary Research

7.2.2.1 Various End Use of Respondents for Primary Interviews

7.2.2.2 Number of Interviews Conducted throughout the Research Process

7.2.2.3 Primary Stakeholders

7.2.2.4 Discussion Guide for Primary Participants

7.2.3 Expert Panels

7.2.3.1 Expert Panels Across 30+ Industry

7.2.4 Paid Local Experts

7.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

7.3 Market Estimation

7.3.1 Top-Down Approach

7.3.1.1 Macro-Economic Indicators Considered

7.3.1.2 Micro-Economic Indicators Considered

7.3.2 Bottom Up Approach

7.3.2.1 Company Share Analysis Approach

7.3.2.2 Estimation of Potential Product Sales

7.4 Data Triangulation

7.4.1 Data Collection

7.4.2 Time Series, Cross Sectional & Panel Data Analysis

7.4.3 Cluster Analysis

7.5 Analysis and Output

7.5.1 Inhouse AI Based Real Time Analytics Tool

7.5.2 Output From Desk & Primary Research

7.6 Research Assumptions & Limitations

7.6.1 Research Assumptions

7.6.2 Research Limitations

LIST OF TABLES

1 Global Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

2 Therapeutic Data Market, By Region, 2020-2028 (USD Mllion)

3 Non-Physiological Data Market, By Region, 2020-2028 (USD Mllion)

4 Regional Analysis, 2020-2028 (USD Mllion)

5 North America Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

6 U.S. Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

7 Canada Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

8 Mexico Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

9 Europe Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

10 Germany Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

11 U.K. Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

12 France Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

13 Italy Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

14 Spain Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

15 Netherlands Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

16 Rest Of Europe Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

17 Asia Pacific Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

18 China Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

19 Japan Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

20 India Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

21 South Korea Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

22 Singapore Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

23 Thailand Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

24 Malaysia Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

25 Indonesia Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

26 Vietnam Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

27 Taiwan Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

28 Rest of APAC Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

29 Middle East & Africa Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

30 Saudi Arabia Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

31 UAE Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

32 Israel Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

33 South Africa Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

34 Rest Of Middle East & Africa Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

35 Central & South America Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

36 Brazil Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

37 Chile Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

38 Argentina Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

39 Rest Of Central & South America Remote Therapeutic Monitoring Market, By Application, 2020-2028 (USD Mllion)

40 Medsien: Products & Services Offering

41 Intellihinc: Products & Services Offering

42 Zimmer Biomet: Products & Services Offering

43 Owlytics Healthcare: Products & Services Offering

44 Limber Health: Products & Services Offering

45 MEDISTICS: Products & Services Offering

46 RxCap : Products & Services Offering

47 Propeller Health: Products & Services Offering

48 HealthArc, Inc: Products & Services Offering

49 CENSON Health: Products & Services Offering

50 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Remote Therapeutic Monitoring Market Overview

2 Global Remote Therapeutic Monitoring Market Value From 2020-2028 (USD Mllion)

3 Global Remote Therapeutic Monitoring Market Share, By Application (2022)

4 Global Remote Therapeutic Monitoring Market, By Region (Asia Pacific Market)

5 Technological Trends In Global Remote Therapeutic Monitoring Market

6 Four Quadrant Competitor Positioning Matrix

7 Impact Of Macro & Micro Indicators On The Market

8 Impact Of Key Drivers On The Global Remote Therapeutic Monitoring Market

9 Impact Of Challenges On The Global Remote Therapeutic Monitoring Market

10 Porter’s Five Forces Analysis

11 Global Remote Therapeutic Monitoring Market: By Application Scope Key Takeaways

12 Global Remote Therapeutic Monitoring Market, By Application Segment: Revenue Growth Analysis

13 Therapeutic Data Market, By Region, 2020-2028 (USD Mllion)

14 Non-Physiological Data Market, By Region, 2020-2028 (USD Mllion)

15 Regional Segment: Revenue Growth Analysis

16 Global Remote Therapeutic Monitoring Market: Regional Analysis

17 North America Remote Therapeutic Monitoring Market Overview

18 North America Remote Therapeutic Monitoring Market, By Application

19 North America Remote Therapeutic Monitoring Market, By Country

20 U.S. Remote Therapeutic Monitoring Market, By Application

21 Canada Remote Therapeutic Monitoring Market, By Application

22 Mexico Remote Therapeutic Monitoring Market, By Application

23 Four Quadrant Positioning Matrix

24 Company Market Share Analysis

25 Medsien: Company Snapshot

26 Medsien: SWOT Analysis

27 Medsien: Geographic Presence

28 Intellihinc: Company Snapshot

29 Intellihinc: SWOT Analysis

30 Intellihinc: Geographic Presence

31 Zimmer Biomet: Company Snapshot

32 Zimmer Biomet: SWOT Analysis

33 Zimmer Biomet: Geographic Presence

34 Owlytics Healthcare: Company Snapshot

35 Owlytics Healthcare: Swot Analysis

36 Owlytics Healthcare: Geographic Presence

37 Limber Health: Company Snapshot

38 Limber Health: SWOT Analysis

39 Limber Health: Geographic Presence

40 MEDISTICS: Company Snapshot

41 MEDISTICS: SWOT Analysis

42 MEDISTICS: Geographic Presence

43 RxCap : Company Snapshot

44 RxCap : SWOT Analysis

45 RxCap : Geographic Presence

46 Propeller Health: Company Snapshot

47 Propeller Health: SWOT Analysis

48 Propeller Health: Geographic Presence

49 HealthArc, Inc.: Company Snapshot

50 HealthArc, Inc.: SWOT Analysis

51 HealthArc, Inc.: Geographic Presence

52 CENSON Health: Company Snapshot

53 CENSON Health: SWOT Analysis

54 CENSON Health: Geographic Presence

55 Other Companies: Company Snapshot

56 Other Companies: SWOT Analysis

57 Other Companies: Geographic Presence

The Global Remote Therapeutic Monitoring Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Remote Therapeutic Monitoring Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the remote therapeutic monitoring market?

The Remote Therapeutic Monitoring market is projected to grow at a CAGR of 17.4% from 2023 to 2028.

Who are the major vendors in the remote therapeutic monitoring market?

Medsien, Intellihinc, Zimmer Biomet, Owlytics Healthcare, Limber Health, Medistics, RxCap, Propeller Health, HealthArc, CENSON Health, and B Castle Smith & Co. among others, are some of the key players in the remote therapeutic monitoring market.

What are the opportunities prevailing in the global remote therapeutic monitoring market?

The opportunities prevailing in the global market are increasing investment strategies by the government and private organizations to launch RTM related services, clubbed with growing patient population.

What are the major drivers in the remote therapeutic monitoring market?

RTM helps in collecting therapeutic as well as non-psychological data from patients. Patient registry services, clinical data, and patients’ current health status can be monitored using digital technologies. Such information can be acquired from patients while they are home which saves money on hospitalization and turnaround time of the treatment or consultation. Most of the developing countries have been witnessing a massive jump in their geriatric patient population, along with the rising disposable income. These factors together act strong to promote the market’s growth.