China Remote Patient Monitoring Devices Market Size & Outlook
China remote patient monitoring devices market, 2018-2030 (US$M)
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China remote patient monitoring devices market highlights
- The China remote patient monitoring devices market generated a revenue of USD 122.1 million in 2023 and is expected to reach USD 396.8 million by 2030.
- The China market is expected to grow at a CAGR of 18.3% 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.
Remote patient monitoring devices market data book summary
| Market revenue in 2023 | USD 122.1 million |
| Market revenue in 2030 | USD 396.8 million |
| Growth rate | 18.3% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 2.4% of the global remote patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, South Korea remote patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 452.7 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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China 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 82.56% in 2023. Horizon Databook has segmented the China remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
The Chinese remote patient monitoring devices market is expected to witness lucrative growth over the forecast period owing to the availability of low-cost, skilled labor, a rise in investments in this region, and supportive government initiatives. The market is expected to witness lucrative growth over the forecast period.
The Health Information Standards Professional Committee of the Ministry of Health published guidelines regarding standards for the adoption of IT in healthcare. The Chinese government is undertaking steps to improve access for distant rural parts of the country through Regional Healthcare Information Networks.
These initiatives are expected to aid market penetration in China, boosting the market. In addition, in 2019, the National Healthcare Security Administration (NHSA) launched the electronic medical insurance system.
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Horizon Databook provides a detailed overview of country-level data and insights on the China remote patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into China remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China remote patient monitoring devices market size, by product, 2018-2030 (US$M)
China Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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