Global Patient Monitoring Devices Market Size, Study by Product (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices, Respiratory Monitoring Devices), End-Use (Hospitals, Ambulatory Surgery Centers, Home Care S

Global Patient Monitoring Devices Market Size, Study by Product (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices, Respiratory Monitoring Devices), End-Use (Hospitals, Ambulatory Surgery Centers, Home Care Settings), and Regional Forecasts 2022–2032


The global Patient Monitoring Devices Market was valued at USD 44.91 billion in 2023 and is projected to grow at a CAGR of 8% from 2024 to 2032, reaching USD 89.78 billion by 2032. This rapid growth is driven by advancements in patient monitoring technologies and the increasing prevalence of chronic diseases worldwide. These devices play a crucial role in capturing vital biometric data such as blood pressure, blood glucose levels, and oxygen saturation, enabling better diagnostics and care delivery.

The rising demand for remote patient monitoring has further catalyzed the market's growth. The COVID-19 pandemic highlighted the significance of remote healthcare, encouraging healthcare providers and consumers alike to adopt monitoring devices for in-home use. Key drivers include technological innovations like multi-parameter monitoring devices and AI-powered solutions that provide reliable, cost-effective, and precise health monitoring for patients with chronic illnesses such as diabetes, cardiovascular disorders, and respiratory conditions.

Regional Insights: North America dominated the market in 2022, capturing over 42.2% of global revenue, owing to robust healthcare infrastructure, high adoption of advanced monitoring devices, and the presence of key players like GE Healthcare and Medtronic. Meanwhile, the Asia Pacific region is expected to witness the fastest growth during the forecast period, driven by a rising prevalence of chronic illnesses, increasing healthcare awareness, and advancements in healthcare technology. Countries like China and India, with their large diabetic populations, are contributing significantly to regional growth.

Recent Developments: Key industry players are investing heavily in product innovations and strategic partnerships. For example:
• In April 2023, GE Healthcare launched its CARESCAPE Canvas Patient Monitoring Platform, which enhances scalability and adaptability for various patient conditions.
• In June 2022, Abbott secured FDA approval for its FreeStyle Libre 2, a cutting-edge device offering real-time blood glucose monitoring.

Major market players included in this report are:

1. Bosch

2. Biotronik

3. Intel

4. Welch Allyn

5. Health Anywhere Inc.

6. Koninklijke Philips N.V.

7. GE Healthcare

8. Medtronic

9. Masimo Corporation

10. Smiths Medical

The detailed segments and sub-segment of the market are explained below:

By Product:
• Blood Glucose Monitoring Systems
Self-monitoring Blood Glucose Systems
Continuous Glucose Monitoring Systems
• Cardiac Monitoring Devices
ECG Devices
Implantable Loop Recorders
Event Monitors
Mobile Cardiac Telemetry Monitors
Smart/Wearable ECG Monitors
• Multi-parameter Monitoring Devices
Low-acuity Monitoring Devices
Mid-acuity Monitoring Devices
High-acuity Monitoring Devices
• Respiratory Monitoring Devices
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
• Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Wearable Continuous Monitoring Devices
• Other Patient Monitoring Devices

By End-Use:
• Hospitals
• Ambulatory Surgery Centers
• Home Care Settings

By Region:

North America:
• U.S.
• Canada

Europe:
• UK
• Germany
• France
• Italy
• Spain

Asia Pacific:
• China
• Japan
• India

Latin America:
• Brazil
• Mexico
• Argentina

Middle East & Africa:
• Saudi Arabia
• South Africa
• UAE

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways
• Market estimates and forecast for 10 years from 2022 to 2032.
• Detailed analysis of product, end-use, and regional segments.
• Competitive landscape with profiles of key players in the industry.
• Strategic insights into growth opportunities and challenges.

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Chapter 1. Global Patient Monitoring Devices Market Executive Summary
1.1. Global Patient Monitoring Devices Market Size & Forecast (2022–2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Patient Monitoring Devices Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Patient Monitoring Devices Market Dynamics
3.1. Market Drivers
3.1.1. Growing Adoption of Remote Patient Monitoring
3.1.2. Increasing Prevalence of Chronic Conditions
3.1.3. Technological Advancements in Monitoring Devices
3.2. Market Challenges
3.2.1. High Costs of Advanced Monitoring Devices
3.2.2. Data Privacy and Security Concerns
3.3. Market Opportunities
3.3.1. Integration of AI for Predictive Monitoring
3.3.2. Expansion in Emerging Markets
Chapter 4. Global Patient Monitoring Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
Chapter 5. Global Patient Monitoring Devices Market Size & Forecast by Product 2022–2032
5.1. Segment Dashboard
5.2. Global Patient Monitoring Devices Market Revenue by Product, 2022 & 2032 (USD Billion)
5.2.1. Blood Glucose Monitoring Systems
5.2.1.1. Self-Monitoring Blood Glucose Systems
5.2.1.2. Continuous Glucose Monitoring Systems
5.2.2. Cardiac Monitoring Devices
5.2.2.1. ECG Devices
5.2.2.2. Implantable Loop Recorders
5.2.2.3. Event Monitors
5.2.2.4. Mobile Cardiac Telemetry Monitors
5.2.2.5. Smart/Wearable ECG Monitors
5.2.3. Multi-Parameter Monitoring Devices
5.2.3.1. Low-Acuity Monitoring Devices
5.2.3.2. Mid-Acuity Monitoring Devices
5.2.3.3. High-Acuity Monitoring Devices
5.2.4. Respiratory Monitoring Devices
5.2.4.1. Pulse Oximeters
5.2.4.2. Spirometers
5.2.4.3. Capnographs
5.2.4.4. Peak Flow Meters
5.2.5. Temperature Monitoring Devices
5.2.5.1. Handheld Temperature Monitoring Devices
5.2.5.2. Wearable Continuous Monitoring Devices
5.2.6. Other Patient Monitoring Devices
Chapter 6. Global Patient Monitoring Devices Market Size & Forecast by End-Use 2022–2032
6.1. Segment Dashboard
6.2. Global Patient Monitoring Devices Market Revenue by End-Use, 2022 & 2032 (USD Billion)
6.2.1. Hospitals
6.2.2. Ambulatory Surgery Centers
6.2.3. Home Care Settings
6.2.4. Other End-Uses
Chapter 7. Global Patient Monitoring Devices Market Size & Forecast by Region 2022–2032
7.1. North America Patient Monitoring Devices Market
7.1.1. U.S. Patient Monitoring Devices Market
7.1.2. Canada Patient Monitoring Devices Market
7.2. Europe Patient Monitoring Devices Market
7.2.1. UK Patient Monitoring Devices Market
7.2.2. Germany Patient Monitoring Devices Market
7.2.3. France Patient Monitoring Devices Market
7.2.4. Italy Patient Monitoring Devices Market
7.2.5. Spain Patient Monitoring Devices Market
7.3. Asia Pacific Patient Monitoring Devices Market
7.3.1. China Patient Monitoring Devices Market
7.3.2. Japan Patient Monitoring Devices Market
7.3.3. India Patient Monitoring Devices Market
7.3.4. Australia Patient Monitoring Devices Market
7.3.5. South Korea Patient Monitoring Devices Market
7.4. Latin America Patient Monitoring Devices Market
7.4.1. Brazil Patient Monitoring Devices Market
7.4.2. Mexico Patient Monitoring Devices Market
7.4.3. Argentina Patient Monitoring Devices Market
7.5. Middle East & Africa Patient Monitoring Devices Market
7.5.1. Saudi Arabia Patient Monitoring Devices Market
7.5.2. South Africa Patient Monitoring Devices Market
7.5.3. UAE Patient Monitoring Devices Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. GE Healthcare
8.1.2. Koninklijke Philips N.V.
8.1.3. Medtronic
8.2. Top Market Strategies
8.3. Company Profiles
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
List of Tables
TABLE 1. Global Patient Monitoring Devices Market Revenue by Product, 2022–2032 (USD Billion)
TABLE 2. Global Patient Monitoring Devices Market Revenue by End-Use, 2022–2032 (USD Billion)
TABLE 3. North America Patient Monitoring Devices Market Revenue by Country, 2022–2032 (USD Billion)
TABLE 4. Europe Patient Monitoring Devices Market Revenue by Country, 2022–2032 (USD Billion)
TABLE 5. Asia Pacific Patient Monitoring Devices Market Revenue by Country, 2022–2032 (USD Billion)
TABLE 6. Competitive Landscape: Key Players Market Share, 2023
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Patient Monitoring Devices Market Size, 2022–2032 (USD Billion)
FIGURE 2. North America Patient Monitoring Devices Market Share by Product, 2022–2032
FIGURE 3. Europe Patient Monitoring Devices Market Share by End-Use, 2022–2032
FIGURE 4. Asia Pacific Patient Monitoring Devices Market Share by Product, 2022–2032
FIGURE 5. Competitive Landscape – Market Share of Key Players, 2023
FIGURE 6. Porter’s Five Forces Analysis – Patient Monitoring Devices Market
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.

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