Digital Patient Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Digital Patient Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global digital patient monitoring devices market size reached US$ 103.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 403.3 Billion by 2028, exhibiting a growth rate (CAGR) of 24% during 2023-2028.

Digital patient monitoring devices refer to electronic instruments intended to monitor the patient's vital parameters, such as blood pressure, heart rate, temperature, pulse rate, and blood oxygen saturation levels (SPO2). Urine output, weight, temperature, respiratory, cardiac, neuromonitoring and remote patient are some of the commonly available types of digital patient monitoring devices. Digital patient monitoring devices assist in delaying and preventing complications from the disease, reducing workload, saving time, reducing errors, improving communication, increasing patient engagement and control, and enhancing safety. As a result, they are extensively used in hospitals, clinics, ambulatory surgical centers (ASC), and home care settings.

Digital Patient Monitoring Devices Market Trends:
Significant growth in the healthcare industry, the rising demand for continuous monitoring devices, and the increasing prevalence of chronic medical ailments, such as hypertension, asthma, blood pressure and diabetes, represent key factors majorly driving the digital patient monitoring devices market growth. Apart from this, various advancements in technology, such as the introduction of smart digital patient monitoring devices that assist in the quick analysis of common physiological parameters, are providing an impetus to the market growth. Additionally, the increasing demand for various sensor-based wearable monitoring devices, such as continuous glucose monitors that help in tracking the patient's blood sugar levels on a real-time basis, is favoring the market growth. These gadgets transmit the recorded heath data electronically to medical practitioners through another integrated monitoring device, which, in turn, enables them to constantly keep a check on patient’s health, thus reducing the instances of developing serious illnesses. Other factors, including the increasing geriatric population, rising expenditure capacity of consumers, and widespread product demand across in-home care settings due to the sudden outbreak of coronavirus disease (COVID-19), are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital patient monitoring devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on monitoring type, product and end user.

Breakup by Monitoring Type:

Wireless Sensor Technology
mHealth
Telehealth
Wearable Devices
Remote Patient Monitoring

Breakup by Product:

Diagnostic Monitoring Devices
Vital Sign Monitors
Sleep Monitors
Fetal Monitors
Neuromonitors
Others
Therapeutic Monitoring Devices
Insulin Monitors
Respiratory Monitors
Others

Breakup by End User:

Hospitals
Home Settings
Ambulatory Surgical Centers (ASC)

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, AT&T Inc., Athenahealth Inc., F. Hoffmann-La Roche AG, General Electric Company, Hill-Rom Holdings Inc. (Baxter International Inc.), Johnson & Johnson, Koninklijke Philips N.V, Medtronic plc, Nihon Kohden Corporation, OMRON Corporation and ResMed.

Key Questions Answered in This Report

1. What was the size of the global digital patient monitoring devices market in 2022?
2. What is the expected growth rate of the global digital patient monitoring devices market during 2023-2028?
3. What has been the impact of COVID-19 on the global digital patient monitoring devices market?
4. What are the key factors driving the global digital patient monitoring devices market?
5. What is the breakup of the global digital patient monitoring devices market based on the monitoring type?
6. What is the breakup of the global digital patient monitoring devices market based on the product?
7. What is the breakup of the global digital patient monitoring devices market based on end user?
8. What are the key regions in the global digital patient monitoring devices market?
9. Who are the key players/companies in the global digital patient monitoring devices market?