Patient Monitoring Devices Market Size, Share, Demand, & Growth Report 2032

Patient Monitoring Devices Market Size:

The global patient monitoring devices market size was worth around USD 47.69 billion in 2023 and is predicted to grow to around USD 89.91 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.30% between 2024 and 2032.

Request Free Sample

The report covers forecast and analysis for the Patient Monitoring Devices market on a global and regional level. The study provides historic data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Patient Monitoring Devices Market: Overview

Patient monitoring devices,  calculate, transmit, record and view combinations of biometric values which include temperature, blood pressure and heart rate. To minimize complexity the bedside and transportation monitors, central station and mobile applications provide graphical consistence. Advanced supporting tools for clinical decision making and smart alarms effort together to identify and alert caregivers to critical events as early as possible. The integrated system catches a constant flow of medical data from monitors and medical devices, securely feeding it to emergency medical record (EMR). The process allows patient records from admission to discharge, even during transportation.

Request Free Sample

Digital innovations that control patient monitoring systems have significantly affected the operational costs over the last few years. Many home monitoring devices like DexCom ,Mitra, and Riverfield are specifically designed for collecting samples at home, making it much easier and more cost-effective for the paitents.There are also other remote Patient monitoring devices which includes voice app reminding diabetes patient about the time to take insulin , which also allows the doctor to monitor the disease of the patient.It also facilitate the patients to remotely send their blood pressure and pulse value to their doctors. 

The study includes drivers and restraints for the Patient Monitoring Devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Patient Monitoring Devices market on a global as well as regional level.

Patient Monitoring Devices Market: Growth Drivers

The use of Patient Monitoring Devices during COVID-19, growing prevalence of Chronic and acute diseases , and accessibility to wireless monitoring devices will act as major driving factors in the growth of global Patient Monitoring Devices market. Rising demand for patient monitoring devices in non-hospital locations, and increasing use of Patient Monitoring Devices in emerging markets will act as an opportunity for the market players in the Patient Monitoring Devices market. Nonetheless, risks related with invasive monitoring devices use will restrict the growth of global Patient Monitoring Devices market.

In order to give the users of this report a comprehensive view on the Patient Monitoring Devices market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Product, Type, End use, and regional segments are benchmarked based on their market size, growth rate and general attractiveness.

Patient Monitoring Devices Market: Segmentation

The global Patient Monitoring Devices market has been fragmented into Product, Type, End use, and region.

Based on Product, Global Patient Monitoring Devices Market is segmented into cardiac monitoring devices, neuromonitoring devices, respiratory monitoring devices, anesthesia monitor, hemodynamic monitoring devices, fetal and neonatal monitoring, multiparameter monitoring devices and others.

Based on Type, market is segmented into wireless sensor technology, mhealth, telehealth, wearable devices, and others .

Based on end user segment of the Patient Monitoring Devices Market is categorized into Hospitals, Ambulatory surgical centers, Homecare settings, and Others.

Patient Monitoring Devices Market: Report Scope

Patient Monitoring Devices Market: Regional Analysis

Region wise, the Patient Monitoring Devices market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America will be the leading region during the forecast period. Increasing cases of covid-19, presence of major manufacturers of Patient Monitoring Devices in this region, and High prevalence of diseases, will boost the market growth in this region. Europe will be the second largest market. The major reasons are increasing awareness concerning use of Patient Monitoring Devices, increasing incidences of diseases, and high impact of pandemics like COVID-19. Asia Pacific will thrive at speedy rate over the forecast period due to high incidences of viral disease outbreak, and high occurences of chronic diseases . Latin America market will progress at a notable rate during the estimate period. The Middle Eastern and African countries are expected to experience clear growth in the predictable time.

Patient Monitoring Devices Market: Key Players Analysis

Some of the leading players in the global market include

• Nihon Kohden
• Natus Medical
• Edward Lifesciences
• Omron
• Masimo
• GE Healthcare
• Koninklijke Philips N.V.
• Hill-Rom Holdings
• Drägerwerk AG
• Shenzhen Mindray Bio-Medical Electronics 
• Compumedics

The report segments global Patient Monitoring Devices market as follows:

By Product Analysis

• Cardiac monitoring devices
  • Implantable loop recorders
  • Mobile cardiac telemetry monitors
  • Smart wearable ECG patches
• Neuromonitoring devices
  • EEG devices
  • Cerebral oximeters
  • Intracranial pressure monitors
  • EMG devices
• Respiratory monitoring devices
  • Pulse oximeters
  • Spirometers
  • Capnographs
  • Peak flow meters
• Anesthesia monitor
• Hemodynamic monitoring devices
• Fetal and neonatal monitoring
• Multiparameter monitoring devices
• Others

By Type Analysis

• Wireless Sensor Technology
• MHealth
• Telehealth
• Wearable Devices
• Others

By End use Analysis

• Hospitals
• Ambulatory surgical centers
• Homecare settings
• Others

By Region Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa