Key Developments

On February 21, 2024, HealthSnap, a company operating in the U.S. which offers Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) services to healthcare providers, revealed the completion of a Series B funding round totaling USD 5 million. The round was spearheaded by Sands Capital, a private equity firm and saw participation from new investors such as Comcast Ventures, Acronym Venture Capital, and the Florida Opportunity Fund.
On January 4, 2024, Pylo Health, a prominent supplier of remote patient monitoring equipment, introduced two cutting-edge patient devices: the Pylo 900-LTE blood pressure monitor and the Pylo 200-LTE weight scale. These devices have undergone clinical validation and are compatible with multiple cellular networks, guaranteeing more reliable data transmission throughout the U.S.
In October 2023, VitalConnect, Inc., a frontrunner in wearable biosensor technology for both remote and in-hospital settings, disclosed a collaboration with Fifth Eye Inc., a company specializing in intuitive real-time clinical analytics. The comprehensive remote patient monitoring solution offered by VitalConnect, Inc. already oversees up to 11 metrics in near-real time, complete with personalized alarms. Moreover, it conducts screenings for 21 cardiac arrhythmias, furnishing continuous and unparalleled insights into patient health.
In January 2023, Senet, a prominent provider of cloud-based software and services platforms, along with Telli Health, the industry leader in medical remote patient monitoring devices, unveiled the inaugural LoRaWAN-powered remote patient monitoring (RPM) hardware. This innovative technology facilitates physicians in reaching out to more patients in remote and underserved areas, including indigenous communities globally, thereby enhancing healthcare equity and inclusivity. Additionally, it establishes a foundation for future smart home services.

Remote Patient Monitoring Devices Market Report Snapshots