Global Patient Monitoring Market 2024

Global Patient Monitoring Market 2024

The global patient monitoring market is anticipated to increase by USD 12.8 billion till 2030 at an average annual growth of 5.9 percent as per the latest market estimates. North America holds a significant share of the market, followed by Europe and Asia-Pacific, due to advanced healthcare infrastructure and rising healthcare expenditures.

Innovations in monitoring technologies, such as wearable devices, wireless sensors, and integrated software solutions, are significantly propelling market growth. These advancements enable more accurate and real-time data collection, enhancing patient management capabilities and making monitoring more efficient and accessible.

The rising incidence of chronic conditions, including cardiovascular diseases, diabetes, and respiratory disorders, is fueling the demand for continuous monitoring. Effective management of these chronic diseases often requires ongoing monitoring to track patient health and adjust treatment plans accordingly, thus driving the need for advanced monitoring solutions.

The global aging population is contributing to the growth of the patient monitoring market. Elderly individuals typically require regular monitoring due to age-related health issues, which increases the demand for reliable and effective monitoring solutions to manage their health conditions and improve quality of life.

The shift towards digital health and the adoption of electronic health records (EHR) are driving the integration of patient monitoring systems. This digitalization facilitates seamless data sharing and improved care coordination among healthcare providers, thereby enhancing the overall efficiency and effectiveness of patient care.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the product, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global patient monitoring market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for patient monitoring can be segmented by product: blood pressure monitors, cardiac monitors, maternal and fetal monitors, multi parameter monitors, pulse oximeters, spirometers.

Patient monitoring market is further segmented by end user: hospitals and clinics, home care settings.

Based on region, the patient monitoring market is segmented into: North America, Europe, Middle East & Africa, Asia Pacific, India, China, Japan, Latin America.

The report also provides analysis of the key companies of the industry and their detailed company profiles including Baxter International Inc. (Hill-Rom Holdings, Inc.), Beurer GmbH, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Drägerwerk AG & Co. KGaA, Edan Instruments Inc., GE HealthCare Technologies, Inc., iRhythm Technologies, Inc., Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Mindray Medical International Limited, Nihon Kohden Corporation, Omron Corporation, Schiller AG, seca GmbH & Co. KG., Spacelabs Healthcare, Inc., Vitalograph Ltd., Vyaire Medical, Inc., Welch Allyn, Inc., Withings SA, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Gain a reliable outlook of the global patient monitoring market forecasts from 2024 to 2030 across scenarios.

Identify growth segments for investment.

Stay ahead of competitors through company profiles and market data.

The market estimate for ease of analysis across scenarios in Excel format.

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Market Segments Covered in Global Patient Monitoring Industry Analysis:

i.) Product

• Blood pressure monitors
• Cardiac monitors
• Maternal and fetal monitors
• Multi parameter monitors
• Pulse oximeters
• Spirometers

ii.) End user

• Hospitals and clinics
• Home care settings

iii.) Region

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• India
• China
• Japan
• Latin America