The global remote patient monitoring market is expected to grow by 16% through 2022, according to a new report.

The Technavio report looks at different types of devices, the user and geography. The majority of remote patient monitoring is in the Americas, with a market share of around 51%.

Vital signs monitoring holds the largest share of the market.

Companies listed in the report include GE, Koninklijke Philips and Medtronic.

“The growing demand for cloud computing solutions will be one of the key trends driving the growth of the remote patient monitoring market,” the report summary states. “Owing to the shrinking IT budgets and increased operational efficiency, healthcare service providers have the need to reduce their IT costs.”

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