Status : Published | Published On : Jun, 2024 | Report Code : VRHC1237 | Industry : Healthcare | Available Format :
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The Global Patient Monitoring Solutions Market is expected to grow from USD 22.50 billion in 2023 to USD 38.95 billion by 2030 at a CAGR of 7.8% during the forecast period ranging from 2025 to 2030.
Patient monitoring solutions refer to the devices that monitor, measure, and record the crucial parameters of patients, such as their heart rate, blood pressure, and other physiological data. These devices are extensively used in hospitals, clinics, home care settings, and ambulatory care settings and provide real-time data to doctors and healthcare professionals to track progress and design better patient care.
The global patient monitoring solutions market is growing due to higher adoption and preference for remote monitoring devices, a growing geriatric population, and a rise in the number of chronic and lifestyle-related diseases. Ongoing tech developments also contribute to its growth and the growing demand for efficient healthcare delivery. Over time, the burden of chronic diseases has grown, and patient monitoring solutions are needed extensively. Also, innovations due to AI-driven analytics and higher adoption of wearable devices contribute to the market expansion.
One of the most significant challenges to the growth of the global patient monitoring solutions market is the growing concern over data privacy and security breaches. Growth opportunities are, however, offered by the growing demand for these devices in home care settings.
The global patient monitoring solutions market is divided by-products 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 segments. Out of all these segments, cardiac monitoring devices, which include devices like ECG, Holter Monitor, Event Monitor, and others, are expected to grow more during the forecast period due to the growing prevalence of cardiovascular diseases. The hemodynamic monitoring devices segment will also grow at a high CAGR due to the higher usage of these devices to measure blood pressure, blood glucose, cholesterol, and more.
The global patient monitoring solutions market is divided by varied applications into hematology, cardiology, respiratory, neurology, metabolic, and temperature segments. Out of all these segments, the cardiology segment is expected to grow at a higher CAGR due to higher incidents of cardiovascular disorders and widespread usage to monitor and diagnose abnormalities of the heart and the cardiovascular system on the whole.
The different types of end users also divide the global patient monitoring solutions market into hospitals & clinics, home settings, ambulatory surgical centers (ASCs), and other segments. Out of these segments, the hospitals & clinics segment will dominate the market during the forecast period due to the growing need for continuous monitoring of patients showing vital signs of different diseases and conditions, especially after undergoing surgery in the hospitals.
Report Metric |
Details |
Historical Period |
2020 - 2024 |
Base Year Considered |
2025 |
Forecast Period |
2026 - 2035 |
Market Size in 2025 |
U.S.D. 22.50 Billion |
Revenue Forecast in 2035 |
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 |
There is a rise in the implementation of advanced technologies such as AI, IoT, home dialysis remotely, wireless neonatal body monitors, smart speakers for monitoring cardiac arrest, and bio-stickers. It is also noticed that the number of incidents of chronic diseases is growing significantly, including cardiovascular disorders, diabetes, and respiratory diseases that need continuous monitoring to detect complications early for timely intervention.
Technological advancements and implementation of sensors, wireless communication, and data analytics have improved the efficiency and accuracy of the solutions as well as data accessibility, thereby making these devices more advanced and user-friendly, pushing the global patient monitoring solutions market growth. In addition, other factors that drive the growth of the market include the government regulations, portability, and ease of use of these devices, growing preference for home care settings and remote monitoring, rising fitness trends leading to the high usage of fitness trackers and smart wearable devices, growing demand for tracking biometrics such as calorie tracking, and the growing need for cost-effective healthcare that will reduce hospital stays and prevent readmissions allowing early interventions.
In general, the cost constraints and unsupportive reimbursement policies hinder market growth. Other barriers to market growth include integration and interoperability issues, as well as the need for proper training and education for successful implementation.
Growth opportunities are offered by the higher investment in healthcare, and development in the untapped market of the developing economies, technological developments and innovations, rising chronic disease burden, and higher need for efficient and cost-effective healthcare delivery.
North America will lead the market during the forecast period due to higher adoption of remote tracking devices and home-based monitoring, growing preference to avoid contacts and maintain a healthy diet, growing patient population, and higher funding in the development of patient monitoring devices and healthcare IT.
Asia Pacific market will grow at a faster rate due to the growing prevalence of chronic diseases like hypertension and diabetes and the rise in demand for monitoring devices at home.
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 is a leading company in the field of automation, which features its unique “Sensing & Control + Think” core technology which is engaged in a broad spectrum of businesses, including electronic components, social systems, control equipment and healthcare.
Medtronic is a global healthcare technology leader boldly attacking the most challenging health problems facing humanity with innovations that transform lives.
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.
OMRON Automation has announced introduction of TM S Series Collaborative Robots in its robotics portfolio in India. This latest addition to OMRON's innovative lineup combines faster joints and expanded safety features, making it an ideal solution to improve the efficiency of factories in workspaces shared with people.
GE Healthcare partnered with Biofourmis to enable safe, effective, accessible care in the home. The two companies paired up to support the patient journey beyond the hospital setting.
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
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Product
1.2.2. By Application
1.2.3. By End-User
1.2.4. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Product
5.1.1. Hemodynamic Monitoring Devices
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Cardiac Monitoring Devices
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Respiratory Monitoring Devices
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.1.4. Neuromonitoring Devices
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2030
5.1.5. Diabetes Monitoring Devices
5.1.5.1. Market Definition
5.1.5.2. Market Estimation and Forecast to 2030
5.1.6. Temperature Monitoring Devices
5.1.6.1. Market Definition
5.1.6.2. Market Estimation and Forecast to 2030
5.1.7. Fetal & Neonatal Monitoring Devices
5.1.7.1. Market Definition
5.1.7.2. Market Estimation and Forecast to 2030
5.1.8. Multiparameter Monitoring Devices
5.1.8.1. Market Definition
5.1.8.2. Market Estimation and Forecast to 2030
5.1.9. Remote Patient Monitoring Devices
5.1.9.1. Market Definition
5.1.9.2. Market Estimation and Forecast to 2030
5.1.10. Weight Monitoring Devices
5.1.10.1. Market Definition
5.1.10.2. Market Estimation and Forecast to 2030
5.2. By Application
5.2.1. Hematology
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Cardiology
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Respiratory
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.2.4. Neurology
5.2.4.1. Market Definition
5.2.4.2. Market Estimation and Forecast to 2030
5.2.5. Metabolics
5.2.5.1. Market Definition
5.2.5.2. Market Estimation and Forecast to 2030
5.2.6. Temperature
5.2.6.1. Market Definition
5.2.6.2. Market Estimation and Forecast to 2030
5.3. By End-User
5.3.1. Hospitals & Clinics
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Home Settings
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Ambulatory Surgical Centers (ASCs)
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Pharmaceuticals
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Others
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Product
6.2. By Application
6.3. By End-User
6.4. By Country
6.4.1. U.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Product
7.2. By Application
7.3. By End-User
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Product
8.2. By Application
8.3. By End-User
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Singapore Market Estimate and Forecast
8.4.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Product
9.2. By Application
9.3. By End-User
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Medtronic
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. GENERAL ELECTRIC
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Koninklijke Philips N.V.
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Abbott
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Johnson & Johnson Services, Inc.
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. F. Hoffmann-La Roche Ltd
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Boston Scientific Corporation
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. Edwards Lifesciences Corporation
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. OMRON Corporation
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. Getinge AB
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Patient Monitoring Solutions Market Size, By Product, 2018 - 2023 (USD Billion)
Table 5 Global Patient Monitoring Solutions Market Size, By Product, 2025 - 2030 (USD Billion)
Table 6 Global Patient Monitoring Solutions Market Size, By Application, 2018 - 2023 (USD Billion)
Table 7 Global Patient Monitoring Solutions Market Size, By Application, 2025 - 2030 (USD Billion)
Table 8 Global Patient Monitoring Solutions Market Size, By End-User, 2018 - 2023 (USD Billion)
Table 9 Global Patient Monitoring Solutions Market Size, By End-User, 2025 - 2030 (USD Billion)
Table 10 Global Patient Monitoring Solutions Market Size, by Region, 2018 - 2023 (USD Billion)
Table 11 Global Patient Monitoring Solutions Market Size, by Region, 2025 - 2030 (USD Billion)
Table 12 North America Patient Monitoring Solutions Market Size, By Product, 2018 - 2023 (USD Billion)
Table 13 North America Patient Monitoring Solutions Market Size, By Product, 2025 - 2030 (USD Billion)
Table 14 North America Patient Monitoring Solutions Market Size, By Application, 2018 - 2023 (USD Billion)
Table 15 North America Patient Monitoring Solutions Market Size, By Application, 2025 - 2030 (USD Billion)
Table 16 North America Patient Monitoring Solutions Market Size, By End-User, 2018 - 2023 (USD Billion)
Table 17 North America Patient Monitoring Solutions Market Size, By End-User, 2025 - 2030 (USD Billion)
Table 18 North America Patient Monitoring Solutions Market Size, by Region, 2018 - 2023 (USD Billion)
Table 19 North America Patient Monitoring Solutions Market Size, by Region, 2025 - 2030 (USD Billion)
Table 20 Europe Patient Monitoring Solutions Market Size, By Product, 2018 - 2023 (USD Billion)
Table 21 Europe Patient Monitoring Solutions Market Size, By Product, 2025 - 2030 (USD Billion)
Table 22 Europe Patient Monitoring Solutions Market Size, By Application, 2018 - 2023 (USD Billion)
Table 23 Europe Patient Monitoring Solutions Market Size, By Application, 2025 - 2030 (USD Billion)
Table 24 Europe Patient Monitoring Solutions Market Size, By End-User, 2018 - 2023 (USD Billion)
Table 25 Europe Patient Monitoring Solutions Market Size, By End-User, 2025 - 2030 (USD Billion)
Table 26 Europe Patient Monitoring Solutions Market Size, by Region, 2018 - 2023 (USD Billion)
Table 27 Europe Patient Monitoring Solutions Market Size, by Region, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific Patient Monitoring Solutions Market Size, By Product, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific Patient Monitoring Solutions Market Size, By Product, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific Patient Monitoring Solutions Market Size, By Application, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific Patient Monitoring Solutions Market Size, By Application, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific Patient Monitoring Solutions Market Size, By End-User, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific Patient Monitoring Solutions Market Size, By End-User, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific Patient Monitoring Solutions Market Size, by Region, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific Patient Monitoring Solutions Market Size, by Region, 2025 - 2030 (USD Billion)
Table 36 RoW Patient Monitoring Solutions Market Size, By Product, 2018 - 2023 (USD Billion)
Table 37 RoW Patient Monitoring Solutions Market Size, By Product, 2025 - 2030 (USD Billion)
Table 38 RoW Patient Monitoring Solutions Market Size, By Application, 2018 - 2023 (USD Billion)
Table 39 RoW Patient Monitoring Solutions Market Size, By Application, 2025 - 2030 (USD Billion)
Table 40 RoW Patient Monitoring Solutions Market Size, By End-User, 2018 - 2023 (USD Billion)
Table 41 RoW Patient Monitoring Solutions Market Size, By End-User, 2025 - 2030 (USD Billion)
Table 42 RoW Patient Monitoring Solutions Market Size, by Region, 2018 - 2023 (USD Billion)
Table 43 RoW Patient Monitoring Solutions Market Size, by Region, 2025 - 2030 (USD Billion)
Table 44 Snapshot – Medtronic
Table 45 Snapshot – GENERAL ELECTRIC
Table 46 Snapshot – Koninklijke Philips N.V.
Table 47 Snapshot – Abbott
Table 48 Snapshot – Johnson & Johnson Services, Inc.
Table 49 Snapshot – F. Hoffmann-La Roche Ltd
Table 50 Snapshot – Boston Scientific Corporation
Table 51 Snapshot – Edwards Lifesciences Corporation
Table 52 Snapshot – OMRON Corporation
Table 53 Snapshot – Getinge AB
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Patient Monitoring Solutions Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Patient Monitoring Solutions Market Highlight
Figure 12 Global Patient Monitoring Solutions Market Size, By Product, 2018 - 2030 (USD Billion)
Figure 13 Global Patient Monitoring Solutions Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 14 Global Patient Monitoring Solutions Market Size, By End-User, 2018 - 2030 (USD Billion)
Figure 15 Global Patient Monitoring Solutions Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 16 North America Patient Monitoring Solutions Market Highlight
Figure 17 North America Patient Monitoring Solutions Market Size, By Product, 2018 - 2030 (USD Billion)
Figure 18 North America Patient Monitoring Solutions Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 19 North America Patient Monitoring Solutions Market Size, By End-User, 2018 - 2030 (USD Billion)
Figure 20 North America Patient Monitoring Solutions Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 21 Europe Patient Monitoring Solutions Market Highlight
Figure 22 Europe Patient Monitoring Solutions Market Size, By Product, 2018 - 2030 (USD Billion)
Figure 23 Europe Patient Monitoring Solutions Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 24 Europe Patient Monitoring Solutions Market Size, By End-User, 2018 - 2030 (USD Billion)
Figure 25 Europe Patient Monitoring Solutions Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Patient Monitoring Solutions Market Highlight
Figure 27 Asia-Pacific Patient Monitoring Solutions Market Size, By Product, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Patient Monitoring Solutions Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Patient Monitoring Solutions Market Size, By End-User, 2018 - 2030 (USD Billion)
Figure 30 Asia-Pacific Patient Monitoring Solutions Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 31 RoW Patient Monitoring Solutions Market Highlight
Figure 32 RoW Patient Monitoring Solutions Market Size, By Product, 2018 - 2030 (USD Billion)
Figure 33 RoW Patient Monitoring Solutions Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 34 RoW Patient Monitoring Solutions Market Size, By End-User, 2018 - 2030 (USD Billion)
Figure 35 RoW Patient Monitoring Solutions Market Size, by Region, 2018 - 2030 (USD Billion)
Global Patient Monitoring Solutions Market Coverage
Product Insight and Forecast 2025-2030
Application Insight and Forecast 2025-2030
End-User Insight and Forecast 2025-2030
Geographical Segmentation
Patient Monitoring Solutions Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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