The Digital Health market is predicted to develop at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2034, when it is projected to reach USD 954.12 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 272.13 Billion in 2024.

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Patient Monitoring Devices for Early Detection and Prevention of Health Issues 2023-2030 |

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The global remote patient monitoring devices market size was estimated at USD 4.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2030. An increase in the geriatric population in both developed and developing nations is expected to propel the remote patient monitoring devices market. Currently, there are over 40 million people in the U.S. alone above 65 years and the number is expected to double by 2050.

Japan provides potential growth opportunities to this market due to the presence of the highest geriatric population in the country. According to WHO, the percentage of the geriatric population is expected to reach 22.0% by 2050. Aging is considered the foremost risk factor for chronic conditions. Thus, the increasing geriatric population, which is at a higher risk of chronic conditions such as diabetes, cardiovascular disorders, and sleep disorders, is expected to boost the market growth.

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