India's Remote Patient Monitoring Market to Reach $693 Million by 2030
India, Wednesday, 18 December 2024.
India’s remote patient monitoring market is set for remarkable growth, achieving a 21.2% CAGR from 2025, driven by digital health technologies enhancing healthcare access and patient outcomes.
Current Market Dynamics
As of 2024, India’s remote patient monitoring system market has generated revenue of USD 218.8 million [1]. The market currently represents 3.6% of the global remote patient monitoring system market [1], indicating significant room for expansion. Special monitors dominate the current landscape, commanding an impressive 83.41% revenue share [1].
Digital Transformation and Infrastructure
The growth trajectory is supported by India’s rapidly expanding digital infrastructure. This digital revolution is transforming healthcare delivery, with vital sign monitors emerging as the fastest-growing product segment [1]. The market’s evolution is further bolstered by increasing smartphone adoption and rising disposable incomes among India’s population [1]. Companies like Mobilab are leading this transformation by providing innovative solutions for remote diagnostics and monitoring, particularly in reaching underserved areas [3].
Technology Integration and Healthcare Impact
The integration of advanced technologies is reshaping patient care delivery. Remote monitoring systems are becoming increasingly sophisticated, incorporating elements of telehealth, mHealth, and health analytics [4]. This technological advancement is part of a broader global trend, where the medical devices market, currently valued at USD 640.45 billion in 2024, is projected to reach USD 1,146.95 billion by 2034 [5].
Future Outlook and Regional Position
Within the Asia Pacific region, India is positioned for substantial growth, though China is expected to lead with a projected market value of USD 1,099.3 million by 2030 [1]. The Indian market’s expansion is being driven by multiple factors, including high untapped opportunities and increasing awareness of digital health solutions [1]. This growth is aligned with the broader transformation of healthcare delivery systems, where remote monitoring is becoming an integral component of patient care management [4].