mHealth and Home Monitoring Market 2024: 76.7 Million Patients Worldwide were Remotely Monitored in 2023, Reflecting Growing Market Acceptance [Yahoo! Finance]
American Well Corporation Class A (AMWL)
Company Research
Source: Yahoo! Finance
The number of connected home medical monitoring devices on the global market was 76.7 million at the end of 2023 and is forecasted to grow at a CAGR of 12.8 percent in the next five years to reach 140.1 million in 2028. The adoption of mHealth solutions in healthcare is driven by a wide range of incentives, related to everything from demographics and technology development to new advancements in medical treatment. The primary focus of this report is on home monitoring solutions, which are commonly used to manage patients with various chronic conditions such as cardiac arrhythmia, sleep apnoea and diabetes. Other applications include remote diagnostics, compliance monitoring and clinical trials. The revenues for remote patient monitoring (RPM) solutions reached 40.4 billion in 2023, including revenues from medical monitoring devices and mHealth software and services. RPM revenues are expected to grow at a CAGR of 13.9 percent between 2023 and 2028 to reach 77.3 billion at the end
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AMWL
News
- American Well Co. (NYSE: AMWL) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
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- Telehealth Market to Grow by USD 368.7 Billion from 2024-2028, Driven by Rising Chronic Disease Cases, AI-Powered Market Evolution- Report by Technavio [Yahoo! Finance]Yahoo! Finance
AMWL
Earnings
- 7/31/24 - Beat
AMWL
Sec Filings
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- 9/5/24 - Form 4
- AMWL's page on the SEC website