Market Size of Asia-Pacific Remote Patient Monitoring Systems Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.86 Billion |
Market Size (2029) | USD 2.06 Billion |
CAGR (2024 - 2029) | 19.28 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Remote Patient Monitoring Market Analysis
The Asia-Pacific Remote Patient Monitoring Systems Market size is estimated at USD 0.86 billion in 2024, and is expected to reach USD 2.06 billion by 2029, growing at a CAGR of 19.28% during the forecast period (2024-2029).
The COVID-19 pandemic placed enormous pressure on hospitals and healthcare systems that were understaffed and overworked. Remote patient monitoring technology helped patients remain safe within their homes while reducing stress on hospitals, emergency rooms, and front-line healthcare workers during the pandemic, thereby positively impacting the market. in February 2022, Sino Group supplied residential care homes handling mild COVID-19 cases with 500 units of a remote monitoring system by Belun Technology Company through its charitable arm, Ng Teng Fong Charitable Foundation. To deliver Belun's remoVital remote monitoring system, the group collaborated with the Social Welfare Department and the Hong Kong Council of Social Service (HKCSS). Companies were expected to invest in RPM devices to adapt to their ready-to-work protocols during the pandemic as most COVID-19 patients were asymptomatic. COVID has boosted the adoption of remote patient monitoring system and although currently COVID-19 cases have been subsidized, the increasing burden of other chronic diseases are expected to lead to stable growth of the market in the next 3-4 years.
Certain factors that are propelling the growth of the market are the rising incidences of chronic diseases due to lifestyle changes, the increase in the aging population, the need to contain healthcare expenditure, the demand for home-based monitoring devices, and ease of use and portability of devices to promote the growth. For instance, according to the United Nations Population Fund, 2022 statistics, in China, 70% of the living population is aged 15-64 in 2022. In addition, as per the same source, 13% of the population is aged 65 years and above in 2022. Thus, the rising geriatric populations are more prone to develop chronic diseases which require proper monitoring and diagnosis which is expected to increase the adoption of remote patient monitoring to regularly monitor their condition and status, thereby propelling the growth of the studied market. Additionally, China carries a heavy burden of chronic diseases, such as cancer, obesity, diabetes, and others, which are expected to drive the growth of the studied market. For instance, as per the 2022 update from the International Diabetic Federation (IDF), approximately 537 million adults (20-79 years) are living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. Such an increase in chronic diseases is expected to drive the demand for remote patient monitoring systems, thereby driving the growth of the market.
Additionally, the increasing product approvals in this region are also expected to contribute to the market's growth. For instance, in March 2021 Dozee launched a contactless remote patient monitoring solution for solutions in India. The Dosee Pro solution featured an AI-powered triaging system that enables remote monitoring of patients outside of the Intensive Care Unit (ICU).
Thus the factors such as the rising incidences of chronic diseases due to lifestyle changes, the increase in the aging population, the need to contain healthcare expenditure, the demand for home-based monitoring devices, and ease of use and portability of devices to promote the growth are expected to drive the growth of the market over the forecast period. However, resistance from healthcare industry professionals and stringent regulatory frameworks is expected to restrain the growth of the market.
APAC Remote Patient Monitoring Industry Segmentation
As per the scope of the report, remote patient monitoring technology comprises day-to-day monitoring devices, such as glucometers for patients with diabetes and heart or blood pressure monitors for patients getting cardiac care. Information can be sent to a physician's workplace by using telehealth communication links, or by using a software application installed on the patient's internet-capable computer, smartphone, or tablet. The Asia-Pacific Remote Patient Monitoring Systems Market is Segmented by Type (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, Other Types) Application (Cancer Treatment5, cardiovascular Disease, Diabetes Treatment, Sleep Disorder, Weight management and Other Applications) End User (Home Healthcare, Hospitals/Clinics and Other End Users), and Geography (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific). The report offers the value (in USD million) for the above segments.
By Type | |
Heart Monitors | |
Breath Monitors | |
Hematology Monitors | |
Multi-parameter monitors | |
Other Types |
By Application | |
Cancer Treatment | |
Cardiovascular Disease | |
Diabetes Treatment | |
Sleep Disorder | |
Weight Management and Fitness Monitoring | |
Other Applications |
By End-users | |
Home Healthcare | |
Hospital/Clinics | |
Other End Users |
Geography | |
China | |
Japan | |
India | |
Australia | |
South Korea | |
Rest of Asia-Pacific |
Asia-Pacific Remote Patient Monitoring Systems Market Size Summary
The Asia-Pacific remote patient monitoring market is poised for significant growth, driven by the increasing prevalence of chronic diseases and a rising geriatric population. The COVID-19 pandemic accelerated the adoption of remote monitoring technologies, as they alleviated pressure on healthcare facilities by allowing patients to receive care at home. This trend is expected to continue, supported by the growing demand for home-based monitoring devices that offer ease of use and portability. The market is further bolstered by the need to manage healthcare costs effectively and the increasing burden of chronic conditions such as diabetes, cancer, and obesity, particularly in countries like China and Japan. The introduction of innovative solutions, such as contactless monitoring systems and AI-powered triaging, is also contributing to market expansion.
In addition to the demand driven by chronic disease management, the market is experiencing growth due to the aging population in the region, which is more susceptible to health issues requiring regular monitoring. The approval of new products and technologies is enhancing the market landscape, with companies like Dozee and CureApp leading the way in developing advanced remote healthcare solutions. Despite challenges such as resistance from healthcare professionals and stringent regulatory frameworks, the market's growth trajectory remains positive. The competitive landscape is characterized by the presence of both global and regional players, including GE Healthcare, Omron Healthcare, and Medtronic PLC, who are actively contributing to the market's development through strategic partnerships and product launches.
Asia-Pacific Remote Patient Monitoring Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Incidences of Chronic Diseases Coupled With Increasing Geriatric Population
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1.2.2 Increasing Demand for Home-based Monitoring Devices
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1.2.3 Ease of Use and Portability Devices to Promote the Growth
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1.3 Market Restraints
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1.3.1 Resistance from Healthcare Industry Professionals
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1.3.2 Stringent Regulatory Framework
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Type
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2.1.1 Heart Monitors
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2.1.2 Breath Monitors
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2.1.3 Hematology Monitors
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2.1.4 Multi-parameter monitors
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2.1.5 Other Types
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2.2 By Application
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2.2.1 Cancer Treatment
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2.2.2 Cardiovascular Disease
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2.2.3 Diabetes Treatment
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2.2.4 Sleep Disorder
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2.2.5 Weight Management and Fitness Monitoring
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2.2.6 Other Applications
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2.3 By End-users
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2.3.1 Home Healthcare
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2.3.2 Hospital/Clinics
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2.3.3 Other End Users
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2.4 Geography
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2.4.1 China
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2.4.2 Japan
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2.4.3 India
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2.4.4 Australia
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2.4.5 South Korea
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2.4.6 Rest of Asia-Pacific
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Asia-Pacific Remote Patient Monitoring Systems Market Size FAQs
How big is the Asia-Pacific Remote Patient Monitoring Systems Market?
The Asia-Pacific Remote Patient Monitoring Systems Market size is expected to reach USD 0.86 billion in 2024 and grow at a CAGR of 19.28% to reach USD 2.06 billion by 2029.
What is the current Asia-Pacific Remote Patient Monitoring Systems Market size?
In 2024, the Asia-Pacific Remote Patient Monitoring Systems Market size is expected to reach USD 0.86 billion.