Patient Monitoring Devices Market: By Product Type (Blood Pressure Monitors, Blood Glucose Monitors, Heart Rate Monitors, Pulse Oximeters, Weight Monitors, Sleep Apnoea Monitors, Breath Monitors), By Technology (Portable Devices, Standalone Devices, Wireless Technology Devices), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings) and Geography.  

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Patient monitoring devices market size was valued at USD 23.4 billion in 2022 and is predicted to witness over 7.0% CAGR from 2023 to 2029. Patient monitoring devices are devices with digital technology used to measure a person's health condition. The accuracy of the results with patient monitoring devices may help in the early diagnosis of the disease, leading to more efficient and specific treatment. The major advantages of patient monitoring devices include the accuracy of the results with less time and reduced cost for disease diagnosis. These devices are commonly used to measure oxygen saturation level, pulse rate, body temperature, blood pressure, and heart activity among others. Physicians prefer patient monitoring devices to enhance excellence in patient care. Global Patient Monitoring Devices Market is growing at a significant CAGR owing to an increase in the prevalence of chronic diseases such as diabetes, cardiovascular, and neurological advancements. Market players majorly focus on the innovation of new devices with advanced technology to gain a larger market share. Acquisitions and mergers, collaborations, product approvals, product launchings, and patent approvals are the strategies followed by the competitors to increase their revenue in the patient monitoring devices market.

Patient Monitoring Devices Market Key Developments:
  • For instance, in September 2015, Zoll Medical Corporation acquired Kyma Medica Technology for broadening the product portfolio in cardiovascular monitoring devices. In addition, in March 2014, Nihon Kohden has awarded a U.S. patent for the advanced technology which reduces the false alarms in the patient monitoring systems.
  • In April 2017, Cardinal Health acquired Medtronic's patient monitoring and recovery division for advancing its revenue in patient monitoring devices market.
  • In April 2016, Abbott acquired St. Jude medical for strengthening its product portfolio with patient monitoring devices.

Global Patient Monitoring Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Patient Monitoring Devices Market Dynamics

Increase in the technological advancements such as wireless devices of patient monitoring devices, the rise in prevalence of various diseases such as diabetes and hypertension which require lifelong monitoring, increase in geriatric population, growth in the adoption of patient monitoring devices are anticipated to fuel the growth of patient monitoring devices. Moreover, increase in the healthcare awareness, ease of operating and availability of the wider products in the market, and rise in healthcare expenditure expected to propel the market Global Market over the forecast period. However, product recalls, lack of awareness in rural areas, a high cost of the devices, and lack of favorable reimbursement policies for medical devices are the key factors restrain the patient monitoring devices market growth.

Global Patient Monitoring Devices Market Segmentation

By Product Type
  • Blood pressure monitors
  • Blood glucose monitors
  • Heart rate monitors
  • Pulse oximeters
  • Weight monitors
  • Sleep apnoea monitors
  • Breath monitors
  • Others
By Technology
  • Portable devices
  • Standalone devices
  • Wireless technology devices
  • Others
By Application
  • Cardiovascular conditions
  • Neurological conditions
  • Haematological conditions
  • Respiratory conditions
  • Physiological conditions
  • Others
By End User

Frequently Asked Questions

The patient monitoring devices market size was valued at USD 23.4 billion in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

The major key players operating in the patient monitoring devices market are: GE Healthcare (U.K.), Philips Healthcare (Netherlands), Nihon Kohden (Japan), Roche Diagnostics Limited (Switzerland), Abbott Laboratories (U.S), Omron Healthcare (Japan), Zoll Medical Corporation (U.S.), Cardinal Health (U.S.), Medtronic (Ireland)

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  1. Research Methodology
    • Secondary and Primary research
      • Secondary Sources
      • Primary Sources
    • Market Revenue Estimation Methodology
    • Key Assumptions
    • Acronyms
  2. Scope of Study
    • Market Definition
    • Objective of the Research
    • Regions covered in the study
  3. Executive summary
  4. Global Remote Patient Monitoring Devices Market Dynamic Factors
    • Drivers
      • Economic Drivers
      • Demand Side Drivers
      • Supply Side Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
  5. Unique Features of the Report
    • Competition analysis
      • Dash board of top players
      • Financial Analysis
      • Product & Services
      • Key Developments
      • Major Strategies
      • SWOT Analysis
    • Technological advancements in remote patient monitoring devices market
    • Recent investments in the industry
    • Regulatory landscape
      • US.
      • Europe
    • PESTLE analysis
    • Porter's analysis
  6. Global Remote Patient Monitoring Devices Market , By Product, 2018 - 2022 and Forecast, 2023 - 2029
    • Cardiac Monitoring
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Diabetes Monitoring
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Neurological Disorders Monitoring
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Respiratory Monitoring
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
  7. Global Remote Patient Monitoring Devices Market Forecast, By End-Use, 2018 - 2022 and Forecast, 2023 - 2029
    • Hospitals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Clinics
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%)
  1. Remote Patient Monitoring Devices Market Forecast, By Region Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • North America Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
      • Product Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • Cardiac Monitoring
        • Diabetes Monitoring
        • Neurological Disorders Monitoring
        • Respiratory Monitoring
        • Others
      • End-Use Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • Hospitals
        • Clinics
        • Others
      • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
        • US.
        • Canada
      • Europe Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
        • Product Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Cardiac Monitoring
          • Diabetes Monitoring
          • Neurological Disorders Monitoring
          • Respiratory Monitoring
          • Others
        • End-Use Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Hospitals
          • Clinics
          • Others
        • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
          • Germany
          • UK
          • France
          • Spain
          • Italy
          • Russia
          • Poland
          • Rest of Europe
        • Asia-Pacific Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
          • Product Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
            • Cardiac Monitoring
            • Diabetes Monitoring
            • Neurological Disorders Monitoring
            • Respiratory Monitoring
            • Others
          • End-Use Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
            • Hospitals
            • Clinics
            • Others
          • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Latin America Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Cardiac Monitoring
      • Diabetes Monitoring
      • Neurological Disorders Monitoring
      • Respiratory Monitoring
      • Others
    • End-Use Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Clinics
      • Others
    • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Brazil
    • Mexico
    • Argentina
    • Venezuela
    • Rest of Latin America
  • Middle East & Africa (MEA) Remote Patient Monitoring Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Product Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Cardiac Monitoring
      • Diabetes Monitoring
      • Neurological Disorders Monitoring
      • Respiratory Monitoring
      • Others
    • End-Use Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and Y-o-Y Growth (%)
      • Hospitals
      • Clinics
      • Others
    • Country Analysis (2018 - 2022) and Forecast (2023 - 2029) by Revenue (USD Mn) and
  1. Y-o-Y Growth (%)
    • Gulf Cooperation Council (GCC) Countries
    • Israel
    • South Africa
    • Rest of MEA
  2. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Biotronik (Germany)
      • Boston Scientific Corporation (U.S.)
      • General Electronic Company (UK)
      • Honeywell International Inc. (U.S.)
      • Medtronic (U.S.)
      • Nihonkoden Corporation (U.S.)
      • Koninklijke Philips N.V. (Netherlands)
      • Spacelabs Healthcare (U.S.)
  3. Research Methodology
  4. Key Assumptions and Acronyms
  • GE Healthcare (U.K.)
  • Philips Healthcare (Netherlands)
  • Nihon Kohden (Japan)
  • Roche Diagnostics Limited (Switzerland)
  • Abbott Laboratories (U.S)
  • Omron Healthcare (Japan)
  • Zoll Medical Corporation (U.S.)
  • Cardinal Health (U.S.)
  • Medtronic (Ireland)

Adjacent Markets