Global artificial intelligence (AI) in remote patient monitoring market overview and statistic for 2024-2033
The Business Research Company's Artificial Intelligence (AI) In Remote Patient Monitoring Global Market Report 2024 – Market Size, Trends & Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 1, 2024 /EINPresswire.com/ -- The artificial intelligence (AI) in remote patient monitoring market has experienced robust growth in recent years, expanding from $1.80 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 24.0%. The growth in the historic period can be attributed to Increased chronic disease rates, data security improvements, ai-driven applications that enhance patient engagement, integration with electronic health records (EHR), and need to reduce healthcare costs.
Strong Future Growth Anticipated
The artificial intelligence (AI) in remote patient monitoring market is projected to continue its strong growth, reaching $5.31 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to global health challenges, regulatory support, continued progress in AI-powered diagnostic applications, telehealth adoption, future developments in predictive analytics.
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Growth driver of the artificial intelligence (AI) in remote patient monitoring market
The high adoption of telemedicine is expected to propel the growth of artificial intelligence (AI) in the remote patient monitoring market in the coming years. Telemedicine refers to the use of telecommunications technology, such as video calls, phone calls, and online messaging, to provide medical services remotely. AI in remote patient monitoring integrated with telemedicine analyzes this data in real time, detecting subtle changes and alerting healthcare professionals about potential issues before they become emergencies.
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Major Players and Market Trends
Key players in the artificial intelligence (AI) in remote patient monitoring market include Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare, DexCom Inc, Cerner Corporation, Infosys BPM, Tunstall Healthcare, Connect America LLC, American Well, Biofourmis, Tempus, Merative L.P., Vivify Health, Clarify Health Solutions, Current Health, BioIntelliSense, Preventice Solutions, AiCure LLC, Orbita, MobileHelp, EarlySense, Gyant, Myia Labs, Sentrian, Biobeat, ChroniSense Medical Ltd., Somatix Inc., Twistle, HealthWatch Technologies.
Major companies operating in the artificial intelligence (AI) in remote patient monitoring market are focusing on the integration of AI with wearable devices, such as an AI-powered ambulatory connected patient monitoring system, to gain a competitive advantage and optimize healthcare delivery. An AI-powered ambulatory connected patient monitoring system refers to a healthcare solution that combines artificial intelligence (AI) with ambulatory monitoring technology to continuously track and analyze a patient's vital signs and health metrics in real time.
Segments:
1) By Solution: Software, Hardware, Services
2) By Product: Vital Monitors, Special Monitors, Other Products
3) By Technology: Natural Language Processing, Machine Learning, Querying Method, Speech Recognition
4) By Application: Diabetes, Respiratory Issues, Weight Management And Fitness Monitoring, Cancer, Dehydration, Cardiovascular Diseases, Sleep Disorder, Viral Infection, Other Applications
Geographical Insights: North America Leading the Market
North America was the largest region in the artificial intelligence (AI) in remote patient monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by expanding healthcare facilities and increasing awareness of the benefits of artificial intelligence (AI) in remote patient monitoring.
Intelligence (AI) In Remote Patient Monitoring Market Definition
Artificial intelligence (AI) in remote patient monitoring (RPM) refers to the integration of AI technologies into systems designed to monitor and manage the health and well-being of patients remotely. AI is employed to enhance the capabilities of remote monitoring solutions, providing advanced analytics, automation, and intelligent insights for healthcare professionals.
Artificial Intelligence (AI) In Remote Patient Monitoring Global Market Report 2024 from TBRC covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Artificial Intelligence (AI) In Remote Patient Monitoring Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on artificial intelligence (AI) in remote patient monitoring market size, artificial intelligence (AI) in remote patient monitoring market drivers and trends, artificial intelligence (AI) in remote patient monitoring market major players, competitors' revenues, market positioning, and market growth across geographies. The artificial intelligence (AI) in remote patient monitoring market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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