Asia Pacific Remote Patient Monitoring Devices Market Size & Outlook
Asia Pacific remote patient monitoring devices market, 2018-2030 (US$M)
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Asia Pacific remote patient monitoring devices market highlights
- The Asia Pacific remote patient monitoring devices market generated a revenue of USD 1,231.2 million in 2023.
- The market is expected to grow at a CAGR of 20% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,231.2 million |
| Market revenue in 2030 | USD 4,403.7 million |
| Growth rate | 20% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.8% of the global remote patient monitoring devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,403.7 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific remote patient monitoring devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.55% in 2023. Horizon Databook has segmented the Asia Pacific remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to witness exponential growth over the forecast period. Major factors boosting market growth are favorable government initiatives supporting the adoption of advanced medical devices, a growing geriatric population, and increasing healthcare expenditure.
The demand for these services is expected to increase owing to the growing need for reducing healthcare expenditure. In addition, China is the leading producer of low-cost electronic chips and products, which is expected to attract investors to the country as well as other Asian countries.
The ease of doing business in the Asia Pacific region is high due to low manufacturing costs and the easy availability of labor. This important factor is expected to aid regional market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific remote patient monitoring devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific remote patient monitoring devices market size, by country, 2018-2030 (US$M)
Asia Pacific Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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