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Overview:
About RPM
Remote Patient Monitoring (RPM) has evolved as a revolutionary facet of healthcare, combining technology and patient-centric care to transform the landscape of medical monitoring. The roots of RPM can be traced back to the early 2000s, with the advent of mobile medical devices and the increasing prevalence of telehealth solutions. Over the years, RPM has become a critical component of homecare telehealth, allowing patients to transmit vital health data to healthcare professionals seamlessly.
Remote Patient Monitoring (RPM) has emerged as a transformative approach in healthcare, leveraging mobile medical devices and technology to gather and transmit patient-generated health data (PGHD) to healthcare professionals. This subcategory of homecare telehealth is particularly beneficial for patients requiring chronic, post-discharge, or senior care. The collected data encompasses vital signs, weight, blood pressure, and heart rate, providing a comprehensive snapshot of a patient’s health.
The technology behind RPM encompasses a diverse array of devices and online platforms. Glucose meters assist diabetes patients in managing blood sugar levels, while blood pressure cuffs facilitate the monitoring of hypertension, diabetes, heart failure, and kidney dysfunction. Continuous surveillance monitors, invaluable for patients with conditions like dementia, can alert healthcare professionals of events such as falls. RPM extends its reach to areas such as remote infertility treatment, substance abuse monitoring, and caloric intake tracking.
The functioning of RPM devices typically involves wireless-enabled sensors measuring specific physiological parameters, storing the data, and connecting with healthcare provider databases and applications. Users can access interfaces to track and analyze data, accompanied by treatment recommendations. This real-time data transmission allows healthcare professionals to intervene promptly, ensuring timely and effective care.
RPM encompasses various types of monitoring devices tailored to specific healthcare needs:
Physiological Monitoring Devices: These include blood pressure cuffs, glucometers, pulse oximeters, ECG, and stethoscope devices, enabling real-time tracking of vital signs and cardiac functions.
Surveillance and Tracking Devices: Continuous surveillance monitors are pivotal for patients with conditions like dementia, while wearables such as activity trackers and continuous monitoring devices offer insights into patients’ daily routines.
Specialized Monitoring Devices: RPM extends to specialized areas, such as remote infertility treatment, substance abuse monitoring, and caloric intake tracking, providing tailored solutions for diverse healthcare needs.
Diagnostic Tools: RPM includes Bluetooth thermometers for fever monitoring, crucial in detecting conditions like COVID-19, and Bluetooth scales for tracking weight changes over time, especially significant for managing conditions like congestive heart failure and obesity.
Figure 1 Credits: >>
To strategically position a Remote Patient Monitoring (RPM) product in the market and assess its competitive standing in the short to mid-long term, a thorough comprehension of the development pipeline is imperative. This involves a detailed understanding of the evolving landscape, competitor initiatives, and anticipated advancements in RPM technology and services.
Figure 2 Ongoing technological Research
Stakeholders involved in the development of Remote Patient Monitoring (RPM) solutions are profiled, encompassing details on financials, product portfolios, and recent advancements in the field.
Figure 3 Company Portfolio
In this report, we will conduct a comprehensive patent analysis to assess the intellectual property landscape within the realm of Remote Patient Monitoring (RPM). The analysis aims to uncover significant patents, influential inventors, and emerging technological trends specific to RPM. It offers organizations valuable insights into innovation, competitive dynamics, and potential opportunities for product enhancement or collaboration within the RPM domain.
Figure 4 Top Standardized Current Assignees
In this Remote Patient Monitoring (RPM)-centered market research report, the market forecast section offers a comprehensive outlook on emerging trends, growth opportunities, and influential factors shaping supply and demand dynamics. This segment provides quantitative predictions, offering valuable insights into market size, revenue forecasts, and potential avenues for growth within the RPM domain.
Figure 5 Market Forecast
Figure 6 Yearly Market Growth, 2016-2024 (USD Billion)
(Segmented in terms of the financial growth)
In this market research report concentrating on Remote Patient Monitoring (RPM), the competitive landscape section will offer a succinct overview of key market players. It will outline their market shares and present concise profiles, highlighting strengths, weaknesses, and strategic approaches within the RPM domain.
Figure 7 Navigating the Competitive part of Market landscaping
In order to give the most precise estimations and forecasts, Wissen Research uses an extensive and iterative research approach that is focused on reducing deviation. The company blends top-down and bottom-up methodologies for market segmentation and quantitative estimation. In addition, data triangulation, which examines the market from three separate angles, is a recurrent topic present in all of our research studies. Important components of the approach used for all of our studies include the following:
Preliminary data mining
On a wide scale, unprocessed market data is collected. Continuous data filtering makes sure that only verified and authenticated sources are taken into account. Additionally, data is extracted from a wide range of reports in our repository and from a number of reputable premium databases. We gather information from raw material suppliers, distributors, and purchasers to help with this since understanding the entire value chain is crucial for a thorough understanding of the market.
Surveys, technical symposia, and trade magazines are used to gather information on technical concerns and trends. Technical information focusing on white space and freedom of movement is also obtained from an intellectual property standpoint. Additionally, information on the industry’s drivers, constraints, and pricing patterns is obtained. As a result, a variety of original data are included in the material that is then cross-validated and certified with published sources.
Statistical model
We use simulation models to generate our market projections and estimates. Every study receives a special model that is tailored to it. Data for market dynamics, the technology environment, application development, and pricing patterns are gathered and supplied into the model all at once for analysis. The relative relevance of these factors is investigated, and their impact on the forecast period is assessed, using correlation, regression, and time series analysis. The process of market forecasting combines technological analysis with economic strategies, practical business acumen, and subject expertise.
Econometric models are frequently used for short-term forecasting, but technology market models are typically employed for long-term forecasting. These are based on a confluence of the business environment, regulatory environment, economic projection, and technical landscape. In order to develop global estimates, it is preferable to estimate markets from the bottom up by integrating data from key regional markets. This is required to ensure accuracy and a complete comprehension of the subject. Among the variables taken into account for forecasting are:
Regulations and anticipated developments
We give these criteria weights and use weighted average analysis to assess their market influence in order to calculate the anticipated market growth rate.
Primary research | Secondary research |
· Manufacturers · Technology distributors and wholesalers · End-user surveys · Consumer surveys | · Company reports and publications · Government publications · Independent investigations · Economic and demographic data · Online searches · Research reviews · Reference customers |
1.1 Overview of Remote Patient Monitoring (RPM)
1.2 Key Findings
1.3 Market Insights and Highlights
1.4 Research Background
1.5 Scope and Methodology
2. RPM Overview
2.1 Definition and Classification of RPM
2.2 Scope of RPM Services
2.3 Benefits and Applications
2.4 Current State of RPM Technology
2.5 Key Innovations in Remote Patient Monitoring
3. Technological Landscape of RPM Devices
3.1 Physiological Monitoring Devices
3.2 Surveillance and Tracking Devices
3.3 Specialized Monitoring Devices
3.4 Diagnostic Tools
3.5 Wearables and Continuous Monitoring
4. Market Landscape
4.1 Market Size and Growth Trends, 2023-2033 (USD Million)
4.2 Market Segmentation (By Type, Application, Geography, etc.), 2023-2033 (USD Million)
4.3 Market Drivers and Challenges
4.4 Regulatory Landscape in RPM
5. Patent Analysis
5.1 Top Assignees
5.2 Geography Focus of Top Assignees
5.3 Legal Status
5.4 Assignee Segmentation
5.5 Network Analysis of Top Collaborating Entities in RPM Patent Applications
5.6 Technology Evolution
5.7 Key Patents
5.8 Patent Trends and Innovations
5.9 Key Players and Patent Portfolio Analysis
6. Clinical Trial Analysis
6.1 Overview of RPM Clinical Trials
6.2 Analysis by Trial Registration Year
6.3 Analysis by Phase of Development
6.4 Analysis by Number of Patients Enrolled
6.5 Analysis by Status of Trial
6.6 Analysis by Study Design
6.7 Analysis by Type of Product
6.8 Analysis by Geography
6.9 Analysis by Key Sponsors / Collaborators
7. Global RPM Market Analysis and Forecast
7.1 Market Value Forecast, by Region
7.1.1 North America
7.1.2 Europe
7.1.3 Asia Pacific
7.2 Market Value Forecast, by Device Type
7.2.1 Physiological Monitoring Devices
7.2.2 Surveillance and Tracking Devices
7.2.3 Specialized Monitoring Devices
7.2.4 Diagnostic Tools
7.2.5 Wearables and Continuous Monitoring
8. Competitive Landscape
8.1 Benchmarking Parameters
8.2 Scoring of Different Companies
8.3 Top Company Profiles
8.3.1 Company X
8.3.2 Company Y
8.3.3 Company Z
8.4 Product Portfolio Analysis
8.5 Recent Developments and Strategies
9. Future Outlook and Market Opportunities
9.1 Technological Advancements in RPM
9.2 Unmet Needs and Potential Market Gaps
9.3 Market Forecast and Growth Opportunities
10. Conclusion
11. Appendix
11.1 Glossary of Terms
11.2 List of Abbreviations
12. References
S.no | Key Highlights of Report | |
1. | Patent Analysis | · Top Assignee · Geography focus of top Assignees · Assignee Segmentation · Technology Evolution · Key Patents · Application and Issued Trend · Key technology |
2. | Market analysis | · Current Patient Monitoring Solutions and Applications · Emerging Technologies and Research Developments (by product analysis and scientific analysis) · Strategic activities · Company portfolio · Detailed profiles of the key players that are engaged in the development of the RPM devices |
3. | Clinical Trials | · Analysis of clinical trial through graphical representation · Coverage of testing from the trail phases till commercialization |
4. | Forecast | · Detailed comprehension of the historic, current and forecasted trend of market by analysis of their impact on the market |
5. | Opportunity Analysis | · Technology evolution based on problem solution · Potential licensees · Advancement trends · Unmet needs · SWOT · Drivers and barriers |
6. | KOLs | · A detailed analysis and identification of the key opinion leaders (KOLs), shortlisted based on their contributions |
LIST OF FIGURES
Figure number | Description |
Figure 1 | Terminology of Remote Patient Monitoring (RPM) Over The Years |
Figure 2 | Remote Patient Monitoring (RPM)– History and Present |
Figure 3 | Projection of Remote Patient Monitoring (RPM) till 2033 in different geographies |
Figure 4 | Technology Categorization For Remote Patient Monitoring (RPM) |
Figure 5 | Recent Technology Trends in Remote Patient Monitoring (RPM) |
Figure 6 | Technology Evolution in Remote Patient Monitoring (RPM) |
Figure 7 | Geographical Distribution of Patents of Top Assignees |
Figure 8 | Assignee Segmentation (Companies) |
Figure 9 | Assignee Segmentation (Educational Establishment) |
Figure 10 | Patent Based Key Insights Of xx |
Figure 11 | Patent Based Key insights of xx |
Figure 12 | Patent Based Key insights of xx |
Figure 13 | Geographic Distribution of the Universities/Research Organizations Filling Patents On Various Technology advancements |
Figure 14 | Key Summary Regarding the Patent Filing On Remote Patient Monitoring (RPM) |
Figure 15 | Product Pipeline of Different innovations with Companies Name |
Figure 16 | Portfolio for Government Approved RPMs |
Figure 17 | Key Growth Drivers for Remote Patient Monitoring (RPM) Market |
Figure 18 | Restraints for Remote Patient Monitoring (RPM) Market |
Figure 19 | xx Portfolio (Top Player) |
Figure 20 | xx Portfolio (Top Player) |
Figure 21 | xx Portfolio (Top Player) |
Figure 23 | xx Portfolio (Top Player) |
Figure 24 | xx Portfolio (Top Player) |
Figure 25 | xx Portfolio (Start-up) |
Figure 26 | xx Portfolio (Start-up) |
Figure 27 | xx Portfolio (Start-up) |
Figure 28 | Strategic Activities Including Collaboration, Partnerships and Acquisitions |
Figure 29 | Research Methodology for Patent, Selection and Analysis |
LIST OF GRAPHS
Graph number |
Description |
Graph 1 | Problem Solution Analysis |
Graph 2 | Top Assignees in Remote Patient Monitoring (RPM) |
Graph 3 | Technology Focus of Top Assignees (IPC-CPC Classes) |
Graph 4 | Top Countries of Origin of Patents |
Graph 5 | New entrants in RPM field |
Graph 7 | Legal Status |
Graph 8 | Most Cited Patents |
Graph 9 | Patents with Largest Invention Families |
Graph 10 | Most Claim-Heavy Patents |
Graph 11 | Filing Trends |
Graph 12 | Weighted Scores for Top 64 Players According to Benchmarking Criteria |
Graph 13 | Remote Patient Monitoring (RPM) (CAGR: 2023-2033) |
Graph 14 | Remote Patient Monitoring (RPM) Market Share: Distribution by Key Geographical Area, 2023-2033 |
LIST OF TABLES
Table number | Description |
Table 1 | Parameters included and excluded for conducting the analysis |
Table 2 | Technology Classes with Definitions |
Table 3 | Patent Litigation |
Table 4 | Highest Market Valued Patents |
Table 5 | SWOT Analysis of Top 3 Players |
Table 6 | Parameters and their score for Benchmarking |
Table 7 | Weighted scores for top 5 players according to benchmarking criteria |
