Status : Published Published On : Dec, 2023 Report Code : VRHC1237 Industry : Healthcare Available Format : Page : 200
2025
2030

Global Patient Monitoring Solutions Market – Analysis and Forecast (2025-2030)

Industry Insight by Product (Hemodynamic Monitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Neuromonitoring Devices, Diabetes Monitoring Devices, Temperature Monitoring Devices, Fetal & Neonatal Monitoring Devices, Multiparameter Monitoring Devices, Remote Patient Monitoring Devices, and Weight Monitoring Devices), by Application (Hematology, Cardiology, Respiratory, Neurology, Metabolics, and Temperature), by End-User (Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASCs), and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The Global Patient Monitoring Solutions Market was $22.50 billion in 2023 and is estimated to reach $38.95 billion by 2030, registering a CAGR of 7.8% during the forecast period 2025-2030. Patient monitoring solutions are monitoring devices used to measure, record, and monitor patient vital parameters regularly like BP, heart rate, etc. The market is evolving owing to the increasing adoption of remote monitoring devices, the rising geriatric population, and the increasing prevalence of chronic diseases. The patient monitoring solutions market refers to the market for devices, systems, and software used to monitor patients' vital signs, health parameters, and other physiological data. These solutions are employed in hospitals, clinics, ambulatory care settings, and home care settings to track patients' conditions, provide real-time data to healthcare professionals, and enhance patient care. The patient monitoring solutions market is expected to continue its growth trajectory due to ongoing technological advancements, increasing chronic disease burden, and the need for efficient healthcare delivery. Remote patient monitoring, wearable devices, and artificial intelligence-driven analytics are likely to be key areas of innovation and market expansion.

Patient Monitoring Solutions Market Highlights

The COVID-19 pandemic has enabled patient monitoring technologies to find changes in the patient’s physiological data and promotes self-monitoring. This will lead to a reduction in readmissions, prevents avoidable hospitalizations, reduces unnecessary trips to the hospitals, and also decreases travel-related expenses. Thus, the patient monitoring solutions market can benefit globally on a short-run and long-run basis.

Market Segmentation

Insight by Product

Based on product, the global patient monitoring solutions market is segmented into hemodynamic monitoring devices, cardiac monitoring devices, respiratory monitoring devices, neuromonitoring devices, diabetes monitoring devices, temperature monitoring devices, fetal & neonatal monitoring devices, multiparameter monitoring devices, remote patient monitoring devices, and weight monitoring devices. The cardiac monitoring devices like ECG devices, Holter Monitor, Event monitor, etc., is anticipated to grow fast during the forecast period owing to the rising prevalence of cardiovascular disorders. Moreover, hemodynamic monitoring devices like blood glucose, blood pressure, cholesterol, etc., are growing at a high CAGR during the forecast period owing to the rising usage in the population and availability of BP measuring devices in the hospitals, homes, and ambulances.

Insight by Application

Based on application, the global patient monitoring solutions market is divided into hematology, cardiology, respiratory, neurology, metabolics, and temperature.  The cardiology segment is anticipated to grow fast during the forecast period 2025-2030 as patient monitoring devices are taken to diagnose and monitor disorders or any abnormalities of the heart and the overall cardiovascular system. Moreover, the rising cases of cardiovascular diseases have led to the use of cardiac monitoring devices.

Insight by End-User

Based on end-user, the global patient monitoring solutions market is segregated into hospitals & clinics, home settings, ambulatory surgical centers (ASCs), and others. Among these segments, hospitals & clinics dominates the market in 2020 as patients need continuous monitoring of vital signs and disease conditions after undergoing surgery in hospitals. Thus, there is an increase in the adoption of monitoring devices in hospitals.

Global Patient Monitoring Solutions Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  22.50 Billion

Revenue Forecast in 2030

U.S.D.  38.95 Billion

Growth Rate

7.8%

Segments Covered in the Report

By Product, By Application and By End-User

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World

Industry Dynamics

Industry Trends

The advent of technologies like IoT, AI, home dialysis remotely, smart speakers for monitoring cardiac arrest, wireless neonatal body monitors, biostickers are the trends in the global patient monitoring solutions market.

Chronic Disease Prevalence: The rising incidence of chronic diseases, such as cardiovascular disorders, respiratory diseases, and diabetes, drives the demand for patient monitoring solutions. These solutions help in continuous monitoring, early detection of complications, and timely intervention.

Technological Advancements: Advances in sensor technologies, wireless communication, and data analytics have led to the development of more sophisticated and user-friendly patient monitoring solutions. These advancements improve accuracy, ease of use, and data accessibility, thereby fueling market growth.

Growth Drivers

Patient monitoring devices are playing a significant role in fighting the pandemic and monitoring the patients. The growing incidence and prevalence of chronic diseases and lifestyle change, government regulations, rising geriatric population and ease of use and portability devices, increasing preference for home and remote monitoring, and rising trend for fitness trackers and smart wearable devices will bolster the growth of the global patient monitoring solutions market. Moreover, the rising demand for tracking biometrics like calorie tracking applications, Bluetooth monitors will influence the growth of the global patient monitoring solutions market.

Aging Population: The global aging population is driving the demand for patient monitoring solutions as older adults often require continuous monitoring and management of their health conditions. Remote monitoring solutions are particularly beneficial for elderly patients, allowing them to receive care in the comfort of their homes.

Emphasis on Cost-Effective Healthcare: Patient monitoring solutions offer the potential for cost savings by reducing hospital stays, preventing readmissions, and enabling early interventions. As healthcare systems aim to provide efficient and cost-effective care, the adoption of these solutions is increasing.

Challenges

Data Privacy and Security Concerns: The increasing amount of patient data being collected and transmitted raises concerns about data privacy and security breaches. Ensuring robust security measures and complying with privacy regulations are critical for maintaining patient trust.

Reimbursement and Cost Constraints: Reimbursement policies and cost constraints may limit the adoption of patient monitoring solutions, especially in certain regions or healthcare settings. Healthcare providers need to demonstrate the cost-effectiveness and clinical benefits to justify investments in these technologies.

Integration and Interoperability: Achieving seamless integration and interoperability between various monitoring devices, systems, and electronic health records remains a challenge. Interoperability standards and compatibility across different vendors' solutions need to be addressed to ensure efficient data exchange.

Training and Adoption Barriers: Healthcare professionals require proper training and education to effectively use and interpret patient monitoring data. Overcoming resistance to change and promoting the adoption of these solutions across all levels of healthcare delivery is essential for successful implementation.

Opportunities

The rising demand for patient monitoring devices in-home care settings, rising investment in healthcare, and growth in the untapped market of the emerging economies are opportunities in the global patient monitoring solutions market. The patient monitoring solutions market is expected to continue its growth trajectory due to ongoing technological advancements, increasing chronic disease burden, and the need for efficient healthcare delivery. Remote patient monitoring, wearable devices, and artificial intelligence-driven analytics are likely to be key areas of innovation and market expansion.

Geographic Overview

The global patient monitoring devices has witnessed tremendous growth in North America owing to patient adopting measures like remote tracking devices to avoid contact with doctors and maintain a healthier diet. North America contributes to the largest share in the global patient monitoring solutions market in 2023 owing to the increasing demand for home-based monitoring devices, rising patient population, growing funding to develop patient monitoring devices, and rising investment in healthcare IT. Moreover, Asia Pacific is anticipated to be the fastest-growing region owing to the rising prevalence of chronic diseases like diabetes, hypertension and the increasing demand for home monitoring devices.

Competitive Insight

The industry players are taking strategic initiatives to attain high market share and strengthen their market position such as mergers & acquisitions, collaborations, new product launches, and partnerships.

OMRON corporation announced the launch of OMRON Complete, which is a single-lead electrocardiogram (ECG) and blood pressure (BP) monitor for home use. The product is designed for detecting atrial fibrillation (AFib). OMRON Complete also incorporates the ECG technology that has been clinically validated for blood pressure checks as well.

Boston Scientific Corporation agreed to acquire Preventice Solutions, Inc., a privately held company offering remote and wearable cardiac monitors for adults and pediatric patients. The acquisition will establish a strong footprint of Boston Scientific Corporation in the implantable cardiac monitor market.

Some of the key players operating in the patient monitoring solutions market: Medtronic, GENERAL ELECTRIC, Koninklijke Philips N.V., Abbott, Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd, Boston Scientific Corporation, Edwards Lifesciences Corporation, OMRON Corporation, and Getinge AB.

The Patient Monitoring Solutions Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Product
    • Hemodynamic Monitoring Devices
    • Cardiac Monitoring Devices
    • Respiratory Monitoring Devices
    • Neuromonitoring Devices
    • Diabetes Monitoring Devices
    • Temperature Monitoring Devices
    • Fetal & Neonatal Monitoring Devices
    • Multiparameter Monitoring Devices
    • Remote Patient Monitoring Devices
    • Weight Monitoring Devices
  • By Application
    • Hematology
    • Cardiology
    • Respiratory
    • Neurology
    • Metabolics
    • Temperature
  • By End-User
    • Hospitals & Clinics
    • Home Settings
    • Ambulatory Surgical Centers (ASCs)
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E.
    • Other Countries

Patient Monitoring Solutions Market Size

Source: VynZ Research

Patient Monitoring Solutions Market Analysis

Source: VynZ Research

Frequently Asked Questions

The global patient monitoring solutions market was $ 22.50 billion and is estimated to reach $ 38.95 billion by 2030, registering a CAGR of 7.8% during the forecast period 2025-2030.
The growing incidence and prevalence of chronic diseases and lifestyle change, government regulations, rising geriatric population and ease of use and portability devices, increasing preference for home and remote monitoring, and rising trend for fitness trackers and smart wearable devices will bolster the growth of the global patient monitoring solutions market
North America contributes to the largest share in the global patient monitoring solutions market in 2023.
Some of the key players operating in the patient monitoring solutions market: Medtronic, GENERAL ELECTRIC, Koninklijke Philips N.V., Abbott, Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd, Boston Scientific Corporation, Edwards Lifesciences Corporation, OMRON Corporation, and Getinge AB.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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