U.S. Remote Patient Monitoring (RPM) Market Focuses On Top Manufacturers | Vivify Health, Amwell

The U.S. Remote Patient Monitoring (RPM) Market is estimated to reach $15 billion opportunity by 2025 and increase at a CAGR of 25% between 2020-2025.
BRUSSELS - Dec. 27, 2022 - PRLog -- The U.S. Remote Patient Monitoring (RPM) market has a massive, untapped growth opportunity of over $ 10 billion, according to Medi-Tech Insights' most recent analysis.

The U.S Remote Patient Monitoring (RPM) market is driven by Chronic Disease Management, Post-acute Care, Home Health Care & Introduction of new CPT codes in RPM by CMS. In-depth analysis of key growth levers, pricing intelligence, the competitive landscape, segment analysis, product/offering mapping, and untapped growth pockets are all included in the study.

The healthcare field is one that is expanding quickly and marked by ongoing technological and service advancements Remote patient monitoring is a significant advancement in this area that offers many benefits in an ageing world population with rising health complications. The technology has developed to the extent that patients can be monitored not only inside hospitals rooms but also at home with the use of modern communication and sensor technologies.

Technological advancements in remote patient monitoring devices allows monitoring of multiple vital sign parameters such as blood pressure, heart rate, respiration rate, electrocardiogram reading, temperature, blood glucose levels, among others. The technology is being used to keep an eye on a wide range of individuals, including elderly people, accident victims, premature children, and patients with long-term illnesses.

Influencing Factors: U.S. Remote Patient Monitoring (RPM) Market
  • Introduction of new CPT reimbursement codes by the CMS in 2019 (CPT 99453, CPT 99454 and CPT 99457) and 2020 (CPT 99458) to broaden the adoption of RPM services
  • Rising burden of chronic diseases and pressure to reduce healthcare costs
  • Growing recognition of RPM as a tool to proactively monitor and improve patient engagement, and reduce ED visits, readmissions, and lengths of stay in hospital—all of which help improve patient outcomes and contain costs
  • Favorable investment landscape for RPM & Telehealth
Barriers/Challenges: Remote Patient Monitoring (RPM) Market
  • Continuous Data Monitoring - Cumbersome to monitor all the data 24*7 by the physicians/clinical staff & frequent false alerts
  • Patient Readiness & Data Privacy Concerns - Most chronically ill individuals are older, generally less tech-savvy and often warier that technology will intrude on their personal life
  • Data Integration – Integrating third-party RPM data with the EHR

Explore Premium Report on U.S. Remote Patient Monitoring (RPM) Market @ https://www.prweb.com/releases/u_s_remote_patient_monitoring_rpm_to_be_a_15_billion_opportunity_by_2025_driven_by_chronic_disease_management_post_acute_care_introduction_of_new_cpt_codes/prweb18015114.htm

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