Global Patient Monitoring Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Cardiac Monitoring Devices - ECG 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 & Neonatal Monitoring, Multiparameter Monitoring Devices, and Others.

By Type;

Conventional and Wireless.

By End-User;

Hospitals, Ambulatory Surgical Centers (ASCs), Homecare Settings, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn108359693 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Patient Monitoring Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Patient Monitoring Devices Market was valued at USD 38,218.05 million. The size of this market is expected to increase to USD 58,382.80 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

The global patient monitoring devices market is witnessing significant growth propelled by technological advancements and the rising prevalence of chronic diseases. These devices play a crucial role in tracking vital signs and providing real-time data to healthcare professionals, enabling timely interventions and personalized patient care. Moreover, the increasing geriatric population, coupled with the growing demand for remote patient monitoring solutions, further drives market expansion.

Advancements in wireless technology and the integration of data analytics have revolutionized patient monitoring, enhancing the efficiency and accuracy of healthcare services. From wearable devices to bedside monitors, the market offers a wide range of solutions catering to various healthcare settings. Additionally, the COVID-19 pandemic has underscored the importance of continuous patient monitoring, spurring the adoption of remote monitoring devices to manage patients remotely and reduce hospital visits, thereby minimizing the risk of exposure.

Government initiatives aimed at improving healthcare infrastructure and increasing healthcare expenditure in developing economies are expected to fuel market growth. However, challenges such as data security concerns and interoperability issues among different devices pose significant hurdles. Despite these challenges, the patient monitoring devices market is poised for further expansion, driven by ongoing technological innovations and the growing emphasis on preventive healthcare strategies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Type
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Patient Monitoring Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Rising Chronic Diseases
        3. Increasing Geriatric Population
      2. Restraints
        1. High Cost of Devices
        2. Stringent Regulatory Policies
        3. Data Security Concerns
      3. Opportunities
        1. Emerging Markets
        2. Wearable Monitoring Devices
        3. Telehealth Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Patient Monitoring Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Cardiac monitoring devices
        1. ECG devices
        2. Implantable loop recorders
        3. Mobile cardiac telemetry monitors
        4. Smart wearable ECG patches
      2. Neuromonitoring devices
        1. EEG devices
        2. Cerebral oximeters
      3. Intracranial pressure monitors
        1. EMG devices
      4. Respiratory monitoring devices
        1. Pulse oximeters
        2. Spirometers
      5. Capnographs
        1. Peak flow meters
      6. Anesthesia monitor
      7. Hemodynamic monitoring devices
      8. Fetal and neonatal monitoring
      9. Multiparameter monitoring devices
      10. Others
    2. Global Patient Monitoring Devices Market, By Type, 2021 - 2031 (USD Million)
      1. Conventional
      2. Wireless
    3. Global Patient Monitoring Devices Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers (ASCs)
      3. Homecare settings
      4. Others
    4. Global Patient Monitoring Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Medtronic plc
      2. Philips Healthcare
      3. General Electric Company
      4. Siemens Healthineers AG
      5. Abbott Laboratories
      6. Masimo Corporation
      7. Nihon Kohden Corporation
      8. Smiths Medical
      9. Omron Corporation
      10. Boston Scientific Corporation
  7. Analyst Views
  8. Future Outlook of the Market