Remote Patient Monitoring Market Outlook
The global remote patient monitoring market is growing at an accelerated rate, led by the top remote patient monitoring companies in the world in 2020. Just how big is the remote patient monitoring market? The global remote patient monitoring market is projected to reach USD 2.14 Billion by 2027. Rapid technological advancements in different industries like artificial intelligence, led by the top 10 remote patient monitoring companies on this list have been the main factors contributing to growth in the market.
What is remote patient monitoring? Remote patient monitoring is a technology to enable monitoring of patients outside of conventional clinical settings, such as in the home or in a remote area, which may increase access to care and decrease healthcare delivery costs. The top remote patient monitoring company in the world by revenue is Medtronic, followed by Resideo and Dexcom rounding out the top 3.
By reading this post, gain the following insights on the global remote patient monitoring market:
- What is remote patient monitoring?
- Who are the top remote patient monitoring companies in 2020?
- How much is the global remote patient monitoring market worth?
- global remote patient monitoring market stats and trends you should know.
BizVibe is already helping the best remote patient monitoring companies in the world connect. Connect and track the latest news and insights from these companies.
Global Remote Patient Monitoring Market Stats & Trends
- The global remote patient monitoring market is projected to reach USD 2.14 Billion by 2027. 74% of millennials prefer telehealth visits to in-person doctor exams.
- About 25% of consumers stated they would switch to a new physician to access telehealth.
- While blood pressure monitoring devices are used predominantly by older populations, 46% of millennials also use them.
- Nearly nine out of 10 healthcare providers indicated in 2019 that they had invested in or were evaluating remote patient monitoring technologies.
- In a poll of 1,300-plus physicians in April 2020, more than 8 in 10 indicated that were seeing patients via video or telephone.
- Data indicates that telehealth claim lines increased more than 4,000% nationally from March 2019 to March 2020.
- 90% of the USA’s healthcare expenditures are for treating chronic health conditions.
Top 10 Remote Patient Monitoring Companies in the World 2020
Who are the top 10 remote patient monitoring companies in the world in 2020? This is the complete list of the top remote patient monitoring companies in 2020.
Rank |
Name of Company |
Revenue (USD millions) |
Headquarters |
| 1 | Dexcom | 1,034 | San Diego, California, USA |
| 2 | Senseonics | 21.3 | Germantown, Maryland, USA |
| 3 | Medtronic | 30,800 | Dublin, Ireland |
| 4 | Resideo | 5,000 | Austin, Texas, USA |
| 5 | GYANT | 9 | San Francisco, California, USA |
| 6 | Huma | 31.6 | London, England, UK |
| 7 | Ejenta | 0.6 | San Francisco, California, USA |
| 8 | Cardiomo | 2 | New York, USA |
| 9 | Vitls | 4 | Houston, Texas, USA |
| 10 | Neteera | 5 | Jerusalem |
1. Dexcom
Ranking number 1 on this list of top remote patient monitoring companies in the world in 2020 is Dexcom. Dexcom is a company that develops, manufactures, and distributes continuous glucose monitoring systems for diabetes management. It operates internationally with headquarters in San Diego, California. Founded in 1999, Dexcom, Inc. is transforming diabetes care and management by providing superior continuous glucose monitoring (CGM) technology to help patients and healthcare professionals better manage diabetes. Last year Dexcom generated revenues of USD 1.03 billion — making it one of the top telehealth monitoring companies in the world in 2020.
- Founded: 1999
- Dexcom Headquarters: San Diego, California, USA
- Dexcom Revenue: USD 1.03 billion
- Dexcom Employees: 3,900
2. Senseonics
Ranking number 2 on our list of the top 10 remote patient monitoring companies in the world in 2020 is Senseonics. Senseonics is a medical device startup company in Germantown, Maryland, USA (near Washington, DC) developing transformative glucose monitoring products that are intended to enable people with diabetes to confidently live their lives with ease. Senseonics utilizes breakthrough fluorescence sensing technology, the Senseonics continuous glucose monitoring (“CGM”) system is being designed to be the first fully implantable CGM that is highly accurate and stable throughout its long sensor life. Senseonics is a privately held remote patient monitoring company that specializes in diabetes, glucose sensor, continuous glucose monitor, and active implantable medical device.
- Founded: 1996
- Senseonics Headquarters: Germantown, Maryland, USA
- Senseonics Revenue: USD 21.3 million
- Senseonics Employees: 51-200
3. Medtronic
Medtronic ranks 3rd on this list of the top 10 best remote patient monitoring companies in the world in 2020. Medtronic plc is an American Irish-domiciled medical device company that generates the majority of its sales and profits from the U.S. healthcare system but is headquartered in the Republic of Ireland for tax purposes. One of the best patient monitoring systems Medtronic is known for is its Vital Sync™ monitoring and clinical decision support solution. Vital Sync™ monitoring and clinical decision support solution to give hospitals smart, actionable data that clinical teams can access anytime, anywhere. Last year Medtronic generated USD 30.8 billion — making it one of the top patient monitoring companies on this list.
- Founded: 1949
- Medtronic Headquarters: Dublin, Ireland
- Medtronic Revenue: USD 30.8 billion
- Medtronic Employees: 100,000
4. Resideo
Ranking 4th on this list of the top remote patient monitoring companies in the world in 2020 Resideo. Resideo is a global leader in ensuring homeowners are safe, productive, and comfortable in their homes. Resideo solutions deliver comfort, safety, and security to the home from any mobile device, anywhere in the world, and include connected thermostats, whole-home professionally installed and monitored security systems, do-it-yourself home awareness and security systems, carbon monoxide and fire detection devices, furnace and boiler controls, water leak and freeze detection products, whole-home air purifiers and humidifiers, and software applications. Last year Resideo generated USD 5 Billion in revenues — making the company one of the best patient monitoring systems in the world.
- Founded: 2018
- Resideo Headquarters: Austin, Texas, USA
- Resideo Revenue: USD 5 Billion
- Resideo Employees: 10,001+
5. GYANT
Ranking 5th on this list of the top remote patient monitoring companies us GYANT. GYANT is a digital front door solution for health systems that uses AI to navigate patients to the right care setting and relevant in-network resources. GYANT helps health systems implement digital patient journeys to effectively capture new patients, efficiently serve existing ones, and drive process automation across the enterprise. GYANT’s empathic virtual assistant guides patients through the complexity of their digital healthcare journeys. GYANT’s specialties include Digital Health, Triage, Conversational UI, Medical AI, digital front door, patient engagement, healthcare, care management, clinical workflows, automation, quality care, patient experience, social determinants of health, Conversational AI, Consumer centricity, and Asynchronous Care.
- Founded: 2016
- GYANT Headquarters: San Francisco, California, USA
- GYANT Revenue: USD 9 million
- GYANT Employees: 11-50
6. Huma
Ranking 6th on this list of the top remote patient monitoring companies is Huma (previously known as Medopad). Huma is a global health tech company with a mission to help people with chronic, complex, and rare diseases to live fuller lives. Headquartered in London, with offices in the US and China, Huma works with world-leading healthcare providers, pharmaceutical, insurance, and technology companies, including Apple and Tencent, to build a connected digital health ecosystem. Huma specialties include Healthcare IT, Mobile Health, OS, Hospitals Big Data, mHealth, Wearables, Technology, MedTech, iPad, Pharma, Digital Therapeutics, AI, healthcare, and platform.
- Founded: 2011
- Huma Headquarters: London, England, UK
- Huma Revenue: USD 31.6 million
- Huma Employees: 51-200
7. Ejenta
Ranking 7th on this list of the top remote patient monitoring companies in 2020 is Ejenta. Ejenta is building an AI platform for the Internet of Things. We’re using NASA AI technology, with intelligent software agents that can learn about health, predict user behavior, and take autonomous action. Our customers, who include some of the largest health providers and insurers in the country, use our platform and APIs to build intelligent and highly personalized applications.
- Founded: 2012
- Ejenta Headquarters: San Francisco, California, USA
- Ejenta Employees: 10
8. Cardiomo Care, Inc
Ranking 8th on this list of the best remote patient monitoring companies in the world. Cardiomo is a miniature wearable patch for continuous, real-time, remote health monitoring to detect and predict medically actionable CVD events and push alerts to save lives. Cardiomo is a medical-grade health monitor with a consumer-friendly interface and pricing. Last year Cardiomo Care generated USD 2 million in revenue — making it one the top remote patient monitoring companies in the world.
- Founded: 2016
- Cardiomo Care Headquarters: New York, USA
- Cardiomo Care Revenue: USD 2 Million
- Cardiomo Care Employees: 11-50
9. Vitls
Vitls ranks 9th on this list of the top remote patient monitoring companies in the world. Vitls is a platform that enables clinicians and nurses to continuously and remotely monitor a patient’s vital signs, reliably and undisturbed. Real-time, continuous monitoring enables, amongst other things, early detection of patient deterioration which leads to reductions in length of stay and treatment costs.
- Founded: 2016
- Vitls Headquarters: Houston, Texas, USA
- Vitls Revenue: USD 4 Million
- Vitls Employees: 1-10
10. Neteera
Rounding out BizVibe’s list of the top 10 remote patient monitoring companies in 2020 is Neteera. Neteera’s micro-radar on-chip and proprietary algorithms sense microscopic skin motions, even through furniture and clothing. This takes place at a very high frequency, allowing for non-invasive, seamless, and continuous monitoring of human vital signs such as heart and respiration rates, heart rate variability, inhale-exhale ratio, tidal volume, and more. Founded in Jerusalem, Nateera generated USD 5 million in revenues last year, making it one of the top remote patient monitoring companies in the world in 2020.
- Founded: 2015
- Neteera Headquarters: Jerusalem
- Neteera Revenue: USD 5 million
- Neteera Employees: 11-50
This is BizVibe’s list of the top remote patient monitoring companies 2020. Keep track of these companies on BizVibe.
Connect with the remote patient monitoring companies on BizVibe
The Future of the Remote Patient Monitoring Market
With 9 out of 10 healthcare providers indicated in 2019 that they had invested in or were evaluating remote patient monitoring technologies, the market demand is here to stat for remote patient monitoring. Expect the top remote patient monitoring companies to continue leading the way for the market.
