Europe Remote Patient Monitoring Market Size, Share & Growth 2023-2030

Europe Remote Patient Monitoring Market Report Size

Europe Remote Patient Monitoring Market Thrives, Projected to Reach US$ 39,847.26 Million by 2030

Europe's remote patient monitoring (RPM) sector demonstrated robust growth, registering a valuation of US$ 14,301.89 million in 2022. The market is poised to escalate at a remarkable CAGR of 14.1%, anticipating an impressive valuation of US$ 39,847.26 million by 2030.

Remote patient monitoring, a pivotal healthcare delivery innovation leveraging information technology, extends healthcare beyond traditional environments. Facilitating a patient-centric approach, RPM fosters increased patient engagement and accountability for personal health. It addresses challenges in accessibility to caregivers in certain regions, augmenting physicians' capacity to extend care efficiently.

Europe Remote Patient Monitoring Market Dynamics

The European RPM market witnesses a surge propelled by advancements in technology, supportive regulations, a growing geriatric populace, and an increase in age-associated chronic diseases. Notably, market developments such as product launches, collaborations, and partnerships contribute significantly. Edevice SA, for instance, has embraced the distribution of Boston Scientific's TwoCan Pulse in France, an advanced telecardiology monitoring system. MicroPort CRM introduced Bluetooth-enabled Alizea and Borea pacemakers in Europe, providing efficient remote monitoring capabilities. OMRON Healthcare, Inc. launched Hypertension Plus in the UK, a remote patient monitoring service integrating blood pressure monitors and an advanced mobile app.

However, ethical concerns surrounding data privacy and security pose challenges, potentially restraining market growth during the forecast period.

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Europe Remote Patient Monitoring Segment Analysis

The diabetic remote patient monitoring segment is expected to dominate the European market from 2023 to 2030. This dominance is attributed to the aging population and the increasing prevalence of diabetes in Europe. The region hosts over 61 million adults living with diabetes, emphasizing the need for robust monitoring solutions.

Europe Remote Patient Monitoring Geographical Analysis

Germany is anticipated to lead the European RPM market, driven by an increasing number of overweight individuals and a growing geriatric population. Statistics from the Statistisches Bundesamt (Destatis) estimate a rise in retirement-age individuals, contributing to the region's market growth.

Europe Remote Patient Monitoring Competitive Landscape

The competitive landscape features key players, including Abbott Laboratories, GE Healthcare, Medtronic, Masimo Corporation, Boston Scientific, Omron Healthcare, Hill-Rom Services, Inc., BIOTRONIK, Inc., Nihon Kohden Corporation, and Koninklijke Philips N.V. These industry leaders employ strategies like product launches, mergers & acquisitions, partnerships, and collaborations to bolster market presence. For instance, GE Healthcare introduced a software solution in April 2020 to aid clinicians in treating COVID-19 patients.

In summary, Europe's remote patient monitoring market is poised for substantial growth, fueled by technological innovations and strategic initiatives from key players. Despite ethical concerns, the market anticipates a flourishing trajectory, addressing the evolving healthcare landscape

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