The remote patient monitoring market was valued at $1.9 billion in 2021, and is estimated to reach $8.5 billion by 2031, growing at a compound annual growth rate of 16.3% from 2022 to 2031.
Globally, the growing chronic disease population, combined with an geriatric population and increase in demand for home-based monitoring devices, is propelling the market growth. In addition, there is increase in tendency to opt for treatment from homes to save money on hospital fees.
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