GITNUX MARKETDATA REPORT 2024

Remote Patient Monitoring Statistics [Fresh Research]

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The healthcare industry is undergoing a dramatic transformation, and remote patient monitoring (RPM) is playing a major role in this shift. RPM is a technology-driven approach to healthcare that allows medical professionals to monitor a patient’s health remotely, without the need for a physical visit. As technology continues to evolve, it is becoming increasingly popular among healthcare providers.

In this blog post, we’ll take a look at some of the latest remote patient monitoring statistics to get a better understanding of how this technology is being used in the healthcare industry.

Remote Patient Monitoring: The Most Important Statistics

23.4 million US patients used remote patient monitoring services and tools in 2020.
Diabetes is the leading application segment in the Remote Patient Monitoring market, accounting for 12.8% of the market share in 2021.
38% of healthcare organizations reported reduced admissions, 25% reported improved patient satisfaction, and 25% reported cost reductions since implementing an RPM program.

Remote Patient Monitoring: Statistics Overview

The global remote patient monitoring system market size was valued at USD 3.8 billion in 2021 and is expected to register a CAGR of 18.3% over the forecast period due to the COVID-19 outbreak.

The remote patient monitoring system market is growing rapidly due to the COVID-19 outbreak. This growth is likely due to the increased need for remote patient monitoring systems as a result of the pandemic, as well as the increased availability of technology that enables remote patient monitoring. This statistic shows the potential for remote patient monitoring systems to become a more widely used tool in the healthcare industry.

The global remote patient monitoring devices market is expected to grow from USD 30.05 billion in 2021 to USD 101.02 billion in 2028 at a CAGR of 18.9%.

Remote patient monitoring is becoming increasingly popular and is expected to continue to grow in the near future. This growth is likely due to the increasing demand for remote healthcare services, as well as the growing need for more efficient and cost-effective healthcare solutions. This growth is likely to result in more opportunities for healthcare providers to offer remote patient monitoring services and to benefit from the cost savings associated with them.

23.4 million US patients used remote patient monitoring services and tools in 2020.

This statistic shows that remote patient monitoring services and tools are becoming increasingly popular in the US, indicating that more healthcare providers are turning to digital health solutions to provide better care for their patients. This is a positive sign for the future of remote patient monitoring, as it shows that the technology is becoming more widely accepted and adopted.

80% of Americans are in favor of using remote patient monitoring, and nearly 50% are very favorable towards incorporating it into medical care.

The majority of Americans are aware of the potential benefits of remote patient monitoring and are willing to accept it as part of their healthcare. This indicates that remote patient monitoring is a viable option for improving healthcare delivery, and that there is a general acceptance of the technology among the public. Furthermore, the high level of support for remote patient monitoring among Americans shows that healthcare providers should seriously consider incorporating this technology into their practices.

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Remote monitoring clients report a 76% decrease in readmission rates, an average of 89 % patient satisfaction.

The effectiveness of remote patient monitoring in improving patient outcomes. The decrease in readmission rates is a sign that patients are receiving better quality care and that they are responding well to the monitoring. The high patient satisfaction rating indicates that patients are satisfied with the care they are receiving, and that they feel connected to their healthcare team. This data helps to illustrate the positive impact that remote patient monitoring can have on patient care and health outcomes.

About 25% of people stated they would switch to a new physician to access telehealth.

A significant portion of patients is willing to switch to a new physician in order to access telehealth services. This indicates that telehealth services are becoming increasingly popular and that physicians and healthcare providers should consider offering them to their patients in order to remain competitive. Remote patient monitoring services are becoming more widely accepted and patients are willing to switch to a provider who offers them.

Diabetes is the leading application segment in the Remote patient monitoring market, accounting for 12.8% of the market share in 2021.

It shows that diabetes is the most common application for remote patient monitoring, which means that there is a high demand for remote patient monitoring services for diabetes patients. This statistic also shows that remote patient monitoring is becoming increasingly popular for managing diabetes, which is important for healthcare providers to consider when deciding how to best manage their patients’ health.

The cardiovascular disease segment dominated the global remote patient monitoring market in 2020 due to the rising prevalence of chronic diseases and growing patient visits.

Remote patient monitoring is an important tool for managing chronic diseases, which are becoming increasingly prevalent. This highlights the need for healthcare providers to invest in remote patient monitoring technology in order to better manage and monitor their patients’ health.

Remote patient monitoring companies are leading the way in making healthcare more accessible, affordable, and effective.

This information highlights the role that remote patient monitoring companies are playing in improving healthcare. By offering an integrated platform with cellular-enabled RPM devices and other services, these companies are helping to make healthcare more accessible, affordable, and effective for all. This is an important step in improving the quality of healthcare and making it more accessible to those who need it most.

38% of healthcare organizations reported reduced admissions, 25% reported improved patient satisfaction, and 25% reported cost reductions since implementing an RPM program.

It demonstrates the positive impact RPM can have on healthcare organizations. It shows that RPM can help reduce admissions, improve patient satisfaction, and reduce costs, which are all important goals for healthcare organizations.

The hospital-based patient segment accounted for 79.4% of the market share in 2021, due to its large patient pool and increasing number of tests being performed.

Hospitals are a major source of patients for remote patient monitoring, and the demand for remote patient monitoring is increasing. This indicates that hospitals are increasingly relying on RPM to provide better care for their patients.

The provider segment held the dominating share of the Remote Patient Monitoring market in 2020 due to the increasing number of patient visits in hospitals and the pandemic-induced social-distancing norms.

Providers are increasingly adopting remote patient monitoring devices and services in order to provide better care to their patients while still adhering to the social-distancing norms imposed by countries worldwide. This indicates that RPM is becoming increasingly important in the healthcare industry.

Providers using RPM-enabled home health monitoring systems and other telehealth delivery methods are already reducing hospital readmission penalties. For example, the University of Pittsburgh Medical Center reduced the risk of hospital readmissions by 76% — and held patient satisfaction scores over 90% — by equipping patients with tablets and RPM equipment.

This statistic demonstrates the effectiveness of RPM systems in improving patient outcomes. The University of Pittsburgh Medical Center’s results show that RPM systems are an effective and viable way to reduce hospital readmissions and improve patient satisfaction. This data can help healthcare providers make the case for investing in RPM systems, as the potential cost savings and improved patient satisfaction should outweigh the costs of implementation.

The global remote patient monitoring market size is estimated to reach USD 3396.86 million by 2028.

The market for remote patient monitoring is expected to expand significantly over the next few years, indicating that more and more healthcare providers are recognizing the value of this technology in providing better care to their patients. This is an important development that should be highlighted in any blog post about remote patient monitoring statistics.

In 2021, the remote patient monitoring market in North America held a share of more than 84.9%.

The technology is being embraced by healthcare providers and patients alike, as they recognize the potential benefits of this innovative approach to healthcare. This statistic is a clear indication that remote patient monitoring is here to stay and will continue to be a major part of the healthcare landscape in the years to come.

The remote patient monitoring market is expected to grow at a CAGR of 21.29% from 2021 to 2028.

This is an encouraging sign for those interested in the technology, as it suggests that remote patient monitoring is becoming increasingly popular and accepted. It also implies that more resources and investments are being made in the field, which could lead to further advancements and improvements in the technology.

In 2020, the adoption of remote patient monitoring solutions increased by more than 64%.

More and more healthcare providers are recognizing the value of these solutions and are investing in them to improve patient care. This is an important development, as it demonstrates that healthcare providers are taking steps to ensure that their patients receive the best possible care, even when they are not able to be physically present. This statistic is a testament to the effectiveness of remote patient monitoring solutions and the potential they have to revolutionize healthcare.

By 2023, the remote patient monitoring market is expected to reach USD 31.326 billion.

The market is expected to experience a significant surge in the coming years, indicating that remote patient monitoring is becoming increasingly popular and accepted as a viable healthcare solution. This is an encouraging sign for those who are looking to invest in this technology, as it suggests that the demand for remote patient monitoring is only going to increase in the future.

An estimated 88% of healthcare providers invested in remote patient monitoring technology by the end of 2020.

Healthcare providers are recognizing the potential of this technology to improve patient care and are investing in it accordingly. This is a clear indication that remote patient monitoring is becoming an increasingly important part of healthcare delivery.

In 2018, remote patient monitoring technology saved the US healthcare system USD 81 billion.

This technology can have a significant impact on the US healthcare system, saving it a staggering amount of money. This is an important reminder of the importance of investing in this technology and its potential to revolutionize healthcare.

About 74% of US adults are comfortable with digitally sharing their healthcare data with their healthcare providers.

The majority of people are comfortable with the idea of sharing their healthcare data digitally with their healthcare providers, which is a key factor in the successful implementation of RPM. This statistic is a clear indication that RPM is becoming increasingly popular and accepted in the US healthcare system.

Remote Patient Monitoring can help reduce hospital readmission rates by up to 31%.

By reducing hospital readmission rates by up to 31%, Remote Patient Monitoring can help to reduce the financial burden of healthcare costs and improve the quality of care for patients. This statistic is an important reminder of the potential of Remote Patient Monitoring to improve patient outcomes and reduce healthcare costs.

86% of physicians believe that Remote Patient Monitoring can significantly improve patient outcomes.

Majority of physicians recognize the value of this technology and are confident in its ability to make a positive difference in the lives of their patients. This is an important point to make in a blog post about Remote Patient Monitoring Statistics, as it demonstrates the level of trust and confidence that the medical community has in this technology.

The remote patient monitoring market for cardiac monitoring products is expected to reach USD 1,907.7 million by 2028.

This highlights the potential of this technology to revolutionize the way cardiac monitoring is conducted, allowing for more efficient and cost-effective care. As the market for these products continues to expand, it is clear that remote patient monitoring is becoming an increasingly integral part of the healthcare landscape.

RPM solutions lead to a 50% reduction in emergency department visits for chronically ill patients.

By reducing emergency department visits by 50%, RPM solutions are providing a much-needed lifeline to those who need it most. This statistic is a clear indication that RPM solutions are making a real difference in the lives of chronically ill patients, and it should be celebrated as a major success.

The availability of remote patient monitoring services is expected to increase by 28% from 2021 to 2026.

More and more healthcare providers are recognizing the value of this technology and are investing in it to improve patient care. This trend is likely to continue in the coming years, making remote patient monitoring an increasingly important part of healthcare delivery.

The remote patient monitoring market for diabetes is expected to grow at a CAGR of 7.1% until 2026.

Remote patient monitoring is becoming increasingly popular and accepted as a viable solution for managing diabetes. This is an important development for those living with diabetes, as it provides them with more options for monitoring their condition and managing their health.

COPD is the leading illness where remote patient monitoring can reduce hospital readmissions by up to 53%.

By reducing hospital readmissions by up to 53%, remote patient monitoring can help COPD patients stay healthier and more independent, while also reducing the financial burden of frequent hospital visits. This statistic is a testament to the power of remote patient monitoring to improve the quality of life for those with COPD.

Conclusion

In conclusion, remote patient monitoring is a rapidly growing technology that has the potential to revolutionize healthcare. With its ability to provide real-time data and insights, it can help healthcare providers better monitor and manage their patients’ health.

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The statistics presented in this blog post demonstrate the potential of remote patient monitoring and its ability to improve patient outcomes. As the technology continues to evolve, it is likely that remote patient monitoring will become an integral part of healthcare delivery in the near future.

References

1 – https://www.grandviewresearch.com/industry-analysis/remote-patient-monitoring-devices-market

2 – https://www.fortunebusinessinsights.com/remote-patient-monitoring-devices-market-106328

3 – https://blog.prevounce.com/27-remote-patient-monitoring-statistics-every-practice-should-know

4 – https://healthsnap.io/top-7-remote-patient-monitoring-companies-2022/

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6- https://blog.prevounce.com/27-remote-patient-monitoring-statistics-every-practice-should-know

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FAQs

What is Remote Patient Monitoring?

Remote Patient Monitoring (RPM) is a healthcare technology that enables healthcare providers to remotely monitor and collect patient health data, such as vital signs, activity, and sleep. RPM helps providers to better manage patient care, reduce hospital readmissions, and improve patient outcomes.

What are the benefits of Remote Patient Monitoring?

The benefits of Remote Patient Monitoring include improved patient outcomes, better management of chronic conditions, improved patient engagement, reduced hospital readmissions, and cost savings.

What types of conditions can be monitored with Remote Patient Monitoring?

Remote Patient Monitoring can be used to monitor a variety of conditions, such as hypertension, diabetes, heart failure, chronic obstructive pulmonary disease, and depression.

What technology is used for Remote Patient Monitoring?

Remote Patient Monitoring uses a variety of technologies, such as mobile phones, wearables, and internet-connected medical devices, to collect patient data.

What are the challenges of Remote Patient Monitoring?

The challenges of Remote Patient Monitoring include data security, privacy concerns, and cost.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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