North America Remote Patient Monitoring Systems Market Size (2024 - 2029)

North America Remote Patient Monitoring Market Analysis

The North America Remote Patient Monitoring Systems Market size is estimated at USD 1.5 billion in 2024, and is expected to reach USD 3.56 billion by 2029, growing at a CAGR of 18.83% during the forecast period (2024-2029).

The remote patient monitoring market in the North America region is growing at a good pace and certain factors that are driving this growth include rising incidence of chronic diseases due to the lifestyle changes in the region, an increase in the aging population and growing demand for home-based monitoring devices.

The United States, being the largest economy in this region, the country's population trend largely affects the growth of the market studied in both, positive and negative manner. For instance, the rising geriatric population in the United States is acting as a growth factor for the use of patient monitoring devices. According to the United States Bureau data, the number of Americans aged 65 years and above is projected to become more than double (from 46 million in 2016 to over 98 million by 2060), and the 65-and-older age group's share of the total population is likely to rise to nearly 24% from 15%. The growing geriatric population is more prone to diseases, which increases the usage of remote monitoring devices. Thus, the increase in the aging population is expected to boost the remote patient monitoring market in the North America region.

North America Remote Patient Monitoring Industry Segmentation

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, by using a software application installed on the patient's internet-capable computer, smartphone, or tablet.