RPM or Remote Patient Monitoring has been inevitable for the last few years. RPM was relied upon extensively during the most challenging days of the pandemic-affected period.
RPM will also be necessary for the current year, say industry experts.
By 2027, the market for RPM systems worldwide is expected to reach over $1.7 billion, up roughly 128% from the $745.7 million opportunity it presently represents.
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Healthcare sector newcomers and long-standing players are showing interest in participating in the rising market as providers increasingly turn to RPM technology to enhance patient outcomes, manage substantial healthcare costs, and reduce the use of more expensive services.
The RPM is a section of healthcare that undergoes continuous experiments. Many trends gain prominence for a while and become less trending later. However, specific directions gain constant traction. Miniaturization is one such trend.
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According to a KLAS Research study of 25 healthcare companies, 38% of those with RPM programs for chronic care management reported fewer admissions, while 17% noted cost savings.
Miniaturization is the next RPM technology trend. Device manufacturers are reducing the size and intrusiveness of their solutions while collaborating with new players to increase their market share.
Miniaturization is the favorite RPM trend for enterprises involved in the field.