The remote patient monitoring (RPM) market has seen significant growth in recent years, especially in 2021 with over $10 Billion raised. This is primarily driven by advances in technology and the increasing need for accessible and efficient healthcare solutions. The industry is marked by strong investment, a growing number of startups, and a shift towards personalized and at-home care. Remote patient monitoring encompasses a range of technologies, including wearable devices, mobile health applications, and telehealth platforms that empower patients to take an active role in managing their health from the comfort of their own homes.
Key market trends:
- Wearable devices: These devices are the front runners in patient monitoring, with companies developing products that track vital metrics like glucose levels, heart rate, blood pressure, and activity levels.
- Telehealth platforms: The surge in telehealth adoption has significantly impacted the remote patient monitoring space. Telehealth platforms provide real-time virtual consultations between healthcare professionals and patients, improving care delivery and reducing the burden on in-person visits.
- Mobile health applications: The rise of mobile apps to monitor health metrics and facilitate remote patient care has also been a significant trend. These apps allow healthcare providers to receive real-time updates on their patients’ conditions and intervene when necessary.
Space snapshot:
- Total companies analyzed: 560
- Total funding raised: $15.68 Billion
- Median number of rounds raised per company: 2 rounds
- Median amount raised per company: $2.6 Million
- Median headcount: 12 employees
- Median age (Maturity): 9 years
- CAGR in companies for the last 5 years: 4.5%
- CAGR in funding for the last 5 years: 28.6%
- Companies based in the United Kingdom: 20%
The remote patient monitoring space has grown significantly over the last decade, attracting investments and technological advancements across various sectors. The CAGR for the companies in this space over the last five years is 4.5%, while the CAGR for funding has been much higher at 28.6%, indicating strong investor confidence and growing interest in the potential of remote healthcare solutions.
New companies entering the market have been consistent since 2015, with an average of 41 startups each year. The highest year was 2017, with 57 new companies entering the space.
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Companies that may catch your eye from this space:
1. PKVitality
PKVitality is a bio-wearable company that develops smartwatches to monitor glucose.
Headquarters: Paris, France
Founded: 2016
Headcount: 13
Funding: $16.11M (6 rounds), Series A ($10.5M), Mar 20230
Company website: https://pkvitality.com
LinkedIn: https://linkedin.com/company/pkvitality
2. Sencure
Sencure develops chips that helps measure electrophysiological parameters on the human body in innovative ways.
Headquarters: Roden, Netherlands
Founded: 2021
Headcount: 50
Funding: $11.64M (3 rounds), Seed ($4.26M), Mar 2025
Company website: https://sencure.com
LinkedIn: https://linkedin.com/company/sencure
3. RDS
RDS provides remote patient monitoring solutions with its MultiSense® product, designed for advanced diagnostics and patient management.
Headquarters: Strasbourg, France
Founded: 2020
Headcount: 30
Funding: $8.94M (5 rounds), Seed ($3.24M), Sep 2023
Company website: https://rdsdiag.com
LinkedIn: https://linkedin.com/company/rds-rhythm-diagnostic-systems
4. Mode Sensors
Mode Sensors develops wearable tech for real-time hydration monitoring across multiple sectors
Headquarters: Trondheim, Norway
Founded: 2016
Headcount: 16
Funding: $2.94M (2 rounds), Venture, Oct 2020
Company website: https://modesensors.com
LinkedIn: https://linkedin.com/company/mode-sensors
5. DrDoctor
DrDoctor offers cloud-based patient management tools that streamline and automate doctor/patient processes in medical environments.
Headquarters: London, United Kingdom
Founded: 2012
Headcount: 160
Funding: $16.1M (6 rounds), Grant ($155K), Sep 2013
Company website: https://drdoctor.co.uk
LinkedIn: https://linkedin.com/company/drdoctor
6. Cross Technology Solutions
Cross Technology Solutions creates an eHealth platform that identifies and grades chronical patients' medical priority remotely.
Headquarters: Lund, Sweden
Founded: 2004
Headcount: 2
Funding: $549K (1 round), Venture ($549K), Dec 2016
Company website: https://cross-solutions.com
LinkedIn: https://linkedin.com/company/lifepod-by-cross
7. Medixine
Medixine delivers connected care solutions through its telehealth platform, engaging patients in their own care management.
Headquarters: Espoo, Finland
Founded: 2000
Headcount: 30
Funding: $12.53M (5 rounds), Venture ($5.26M), Dec 2022
Company website: https://medixine.com
LinkedIn: https://linkedin.com/company/69373
8. Transdermal Diagnostics
Transdermal Diagnostics is a technology platform to improve the prevention, diagnosis, and management of chronic conditions with diabetes.
Headquarters: Bath, United Kingdom
Founded: 2021
Headcount: 4
Funding: $1.27M (2 rounds), Seed ($345K), Sep 2022
Company website: https://transdermal-diagnostics.com
LinkedIn: https://linkedin.com/company/transdermal-diagnostics
9. FC Labs
FC Labs develops wearable safety devices designed to monitor mental acuity, with applications in various industries like healthcare and aviation.
Headquarters: Dunfermline, United Kingdom
Founded: 2019
Headcount: 10
Funding: $350K (4 rounds), Seed ($185K), Oct 2023
Company website: https://fclabs.co.uk
LinkedIn: https://linkedin.com/company/fclabs
10. Your Cue
Your Cue develops wearable technology to monitor health in clinical and home settings, focusing on patient-centric care solutions.
Headquarters: London, United Kingdom
Founded: 2021
Headcount: 9
Funding: $166K (1 round), Pre-Seed ($166K), Mar 2024
Company website: https://yourcue.co.uk
LinkedIn: https://linkedin.com/company/yourcue
Conclusion
The remote patient monitoring space is growing at an impressive rate, fueled by both technological innovation and an increasing demand for healthcare solutions that reduce reliance on in-person visits. With advancements in wearable devices, mobile health apps, and telehealth platforms, the market is expected to continue its upward trajectory, attracting more companies and investors. As more companies integrate these technologies, we can expect further improvements in the quality of patient care and access to healthcare worldwide.
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