The market for telemedicine and remote patient monitoring (RPM) has been rapidly expanding, driven by the COVID-19 pandemic and the need for remote healthcare delivery, according to a report on April 24.

RPM devices allow healthcare providers to monitor patients' health metrics from a distance. This technology provides early detection of health problems and can prevent unnecessary hospital visits, making it an attractive option for both patients and providers.

"Artificial Intelligence (AI) is also being integrated into telemedicine and RPM, enabling providers to analyse data from remote monitoring devices and gain valuable insights into patient health," said a Medical Devices Analyst in a statement.

She noted that the technology also has the potential to significantly improve patient outcomes as well as reduce healthcare costs. In addition to these developments, telemedicine is also becoming more accessible to patients.

Virtual consultations allow patients to connect with their healthcare providers from anywhere, and market growth is being driven by the convenience and cost-effectiveness of virtual visits as well as the availability of high-speed internet and mobile devices.

"The expansion of telemedicine and RPM is expected to continue in the coming years, as these technologies become increasingly vital to the healthcare industry," she said.

"With the ongoing COVID-19 pandemic and the growing demand for virtual healthcare, telemedicine and RPM are poised to play a critical role in delivering healthcare services to patients around the world," she added.