Healthcare systems are undergoing dramatic structural changes and transforming medicine through digital health solutions. While this requires integration of several functionalities such as remote monitoring, mHealth, wearables, IT platforms and health records. Companies are forging ahead by developing partnerships with providers, payers, device manufacturers, governments and telecom companies to establish connectivity ecosystems that can efficiently leverage data into actionable insights. As per the published statistics, the global digital health market has been predicted to rake in a revenue of US$536.6 billion by the end of 2025 from US$196.3 billion in 2017 at a 13.4% CAGR. North America dominated the global digital health market in 2017, due to various programs adopted by different organizations offering sports medicine fellowships for conducting research to develop innovative products.

Remote Patient Monitoring (RPM) allows clinicians to remotely monitor and measure a patient’s health using sensors and detectors, which then transmit data to healthcare professionals. RPM also uses alerts, reminders, video conferencing and questioning to achieve the overall objective of providing better healthcare to patients. This integrated delivery system enhances the patient centric model of health care. RPM can be used in readmission programs, hospital length of stay program, home care, chronic care management, nursing home/elder/disabled programs, tele-ICU care and other consumer-based health care settings.

Based on the published reports, the remote patient monitoring market is expected to reach US$31.326 billion by the end of 2023, increasing from US$15.871 billion in 2017, growing at a CAGR of 12% during the forecast period. Chronic disease management accounts for 86% of all health care costs in US and 46% of market growth will come from US market.