The global patient monitoring device market is expected to witness a 5.1% CAGR during the forecast period. The primary factor attributing to the growth of the patient monitoring devices market include the integration of monitoring technologies in smartphones and wireless devices to monitor patients’ health leading to the introduction of remote monitoring systems, resulting in the growth of the market. Moreover, the mobile cardiac telemetry devices, mobile PDA systems, ambulatory wireless EEG disorders, and ambulatory event monitors will further drive the growth of the patient monitoring device market.
In February 2021 Royal Philips has expanded remote patient management by introducing Philips Medical Tablet which is an end-to-end, easy-to-use, portable monitoring kit that aids clinicians to remotely monitor patients during emergency conditions, like the COVID-19 pandemic.
The COVID-19 pandemic has a tremendous growth on the patient monitoring device market owing to the continuous monitoring of patient's health like heart rate, pulse rate, blood pressure, blood oxygen saturation, etc. The key purpose of these monitors is to give warnings of early or dangerous deterioration in critically ill patients. Nevertheless, the rising prominence of wearable and remote patient monitoring devices will diagnose chronic diseases by clinical symptomology with essential vital signs will result in the growth of the patient monitoring device market.
Browse 46 market data Tables and 30 Figures spread through 200 Pages and in-depth TOC on " Patient Monitoring Device Market by Product (Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Hemodynamic Monitoring Devices, Multi-Parameter Monitoring Devices, Temperature Monitoring Devices, Fetal and Neonatal Monitoring Device and Weight Monitoring Devices), and by End User (Ambulatory Surgical Centers, Home Settings and Hospitals and Clinics), and Region - Global Forecast to 2030"
By product, cardiac monitoring devices contributes to the largest share in the patient monitoring device market.
Based upon product, the patient monitoring device market is divided into cardiac monitoring devices, neuromonitoring devices, respiratory monitoring devices, hemodynamic monitoring devices, multi-parameter monitoring devices, temperature monitoring devices, fetal and neonatal monitoring devices, and weight monitoring devices. Cardiac monitoring devices dominate the market owing to the increased prominence of cardiovascular disorders like congestive heart failure, congenital heart disease, coronary heart disease, and stroke each year globally.
Global Patient Monitoring Device Market Segmentation Analysis
Segment |
Categorization |
Leading Category |
Product |
Cardiac Monitoring Devices (Implantable Loop Recorders, Mobile Cardiac Telemetry Monitors, ECG Devices, Event Monitors, and Smart Wearable ECG Monitors), Neuromonitoring Devices (Cerebral Oximeters, Electroencephalograph (EEG) Machines, Electromyograph Machines, Intracranial Pressure Monitors, and Magnetoencephalograph Machines), Respiratory Monitoring Devices (Pulse Oximeter, Capnographs, Peak Flow Meters and Spirometers), Hemodynamic Monitoring Devices, Multi-Parameter Monitoring Devices (Low-Acuity Monitors, Mid-Acuity Monitors and High-Acuity Monitors), Temperature Monitoring Devices, Fetal and Neonatal Monitoring Device (Fetal Monitoring Device and Neonatal Monitoring Device) and Weight Monitoring Devices |
ECG Devices (Largest) Mobile Cardiac Telemetry Monitors (Fastest) Pulse Oximeter (Largest) Capnographs (Fastest) EEG Machines (Largest) Cerebral Oximeters (Fastest) Low-Acuity Monitors (Largest) Fetal Monitoring Device (Largest) |
End User |
Ambulatory Surgical Centers, Home Settings and Hospitals and Clinics |
Hospitals and Clinics (Largest) |
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
North America (Largest) Asia-Pacific (Fastest) |
Discover More About This Report, Download A Free Sample Copy of Global Patient Monitoring Device Market
“Asia-Pacific is anticipated to be the fastest-growing region in the Patient Monitoring Device during 2022-2030.”
Asia-Pacific is expected to be the fastest-growing region in the Patient Monitoring Device market owing to the adoption of a sedentary lifestyle in the region like poor diet, physical inactivity, and increase intake of sugar that might lead to chronic diseases like obesity, diabetes, etc.
Some of the major players in the Patient Monitoring Device market include Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron, and GE Healthcare are the key players offering patient monitoring device.
Scope of the Report
Report Metric |
Details |
Market Size Available for the Years in the Study |
2018–2030 |
Historical Period |
2018–2021 |
Base Year |
2021 |
Forecast Period |
2022–2027 |
Segments Covered in the Study |
Product, End User, and Region |
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
Companies Covered in the Study |
Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron, and GE Healthcare |
Global Patient Monitoring Device Market Coverage
Product Insight and Forecast 2018-2030
End User Insight and Forecast 2018-2030
Geographical Segmentation
Patient Monitoring Device Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)