Europe Digital Patient Monitoring Devices Market Size, Share & Trends Analysis Report By Product, By Type (Wearable Devices, Wireless Sensor Technology, mHealth, Telehealth, and Remote Patient Monitoring, By Country and Growth Forecast, 2024 - 2031
The Europe Digital Patient Monitoring Devices Market would witness market growth of 24.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Digital Patient Monitoring Devices Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $57,315.9 million by 2031. The UK market is exhibiting a CAGR of 23.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 25.4% during (2024 - 2031).
The digital patient monitoring devices market also benefits from growing consumer interest in health and wellness, driven by increasing health awareness and a focus on preventive care. In recent years, there has been a surge in demand for wearable health devices as more people are actively managing their health. Fitness trackers, smartwatches, and other wearable devices allow users to monitor their physical activity, heart rate, sleep quality, and more, making health monitoring a part of their daily lives. This consumer-driven trend has blurred the line between medical monitoring and everyday health tracking, making digital monitoring more mainstream and accessible.
As consumers become more accustomed to using these devices for fitness and wellness, they are also more open to digital monitoring devices for medical purposes, particularly as they become increasingly sophisticated and capable of providing clinically relevant insights. This shift in consumer behavior further drives the growth of the digital patient monitoring devices market as more individuals seek tools that help them stay proactive about their health and well-being.
In countries like France and Italy, chronic diseases are prevalent among older populations; in Italy, for instance, 60.8% of individuals aged 65 and older live with at least one chronic condition. Digital monitoring devices provide these individuals with tools for health tracking, medication reminders, and personalized health insights, making them essential in managing the health of Europe’s aging population and easing the burden on healthcare systems. Therefore, as health policies continue to endorse app-based monitoring and care, Europe is expected to see rising demand for digital patient monitoring devices, establishing the region as a dynamic and promising market.
Based on Product, the market is segmented into Diagnostic Monitoring Devices (Vital Sign Monitors, Sleep Monitors, Fetal Monitors, and Neuromonitors & Other Monitors) and Therapeutic Monitoring Devices (Insulin Monitors, Respiratory Monitors and Other Monitors). Based on Type, the market is segmented into Wearable Devices, Wireless Sensor Technology, mHealth, Telehealth, and Remote Patient Monitoring (Hospital Inpatient, Ambulatory Patient, and Smart Home Healthcare). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Siemens Healthineers AG (Siemens AG)
- GE HealthCare Technologies, Inc.
- Medtronic PLC
- F. Hoffmann-La Roche AG
- Koninklijke Philips N.V
- Abbott Laboratories
- Boston Scientific Corporation
- OMRON Corporation
- Fitbit, Inc. (Google LLC)
- ResMed, Inc.
By Product
- Diagnostic Monitoring Devices
- Vital Sign Monitors
- Sleep Monitors
- Fetal Monitors
- Neuromonitors & Other Monitors
- Therapeutic Monitoring Devices
- Insulin Monitors
- Respiratory Monitors
- Other Monitors
- Wearable Devices
- Wireless Sensor Technology
- mHealth
- Telehealth
- Remote Patient Monitoring
- Hospital Inpatient
- Ambulatory Patient
- Smart Home Healthcare
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Digital Patient Monitoring Devices Market, by Product
- 1.4.2 Europe Digital Patient Monitoring Devices Market, by Type
- 1.4.3 Europe Digital Patient Monitoring Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jul – 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Digital Patient Monitoring Devices Market by Product
- 5.1 Europe Diagnostic Monitoring Devices Market by Country
- 5.2 Europe Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 5.2.1 Europe Vital Sign Monitors Market by Country
- 5.2.2 Europe Sleep Monitors Market by Country
- 5.2.3 Europe Fetal Monitors Market by Country
- 5.2.4 Europe Neuromonitors & Other Monitors Market by Country
- 5.3 Europe Therapeutic Monitoring Devices Market by Country
- 5.4 Europe Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 5.4.1 Europe Insulin Monitors Market by Country
- 5.4.2 Europe Respiratory Monitors Market by Country
- 5.4.3 Europe Other Monitors Market by Country
- Chapter 6. Europe Digital Patient Monitoring Devices Market by Type
- 6.1 Europe Wearable Devices Market by Country
- 6.2 Europe Wireless Sensor Technology Market by Country
- 6.3 Europe mHealth Market by Country
- 6.4 Europe Telehealth Market by Country
- 6.5 Europe Remote Patient Monitoring Market by Country
- 6.6 Europe Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 6.6.1 Europe Hospital Inpatient Market by Country
- 6.6.2 Europe Ambulatory Patient Market by Country
- 6.6.3 Europe Smart Home Healthcare Market by Country
- Chapter 7. Europe Digital Patient Monitoring Devices Market by Country
- 7.1 Germany Digital Patient Monitoring Devices Market
- 7.1.1 Germany Digital Patient Monitoring Devices Market by Product
- 7.1.1.1 Germany Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.1.1.2 Germany Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.1.2 Germany Digital Patient Monitoring Devices Market by Type
- 7.1.2.1 Germany Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 7.2 UK Digital Patient Monitoring Devices Market
- 7.2.1 UK Digital Patient Monitoring Devices Market by Product
- 7.2.1.1 UK Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.2.1.2 UK Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.2.2 UK Digital Patient Monitoring Devices Market by Type
- 7.2.2.1 UK Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 7.3 France Digital Patient Monitoring Devices Market
- 7.3.1 France Digital Patient Monitoring Devices Market by Product
- 7.3.1.1 France Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.3.1.2 France Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.3.2 France Digital Patient Monitoring Devices Market by Type
- 7.3.2.1 France Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 7.4 Russia Digital Patient Monitoring Devices Market
- 7.4.1 Russia Digital Patient Monitoring Devices Market by Product
- 7.4.1.1 Russia Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.4.1.2 Russia Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.4.2 Russia Digital Patient Monitoring Devices Market by Type
- 7.4.2.1 Russia Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 7.5 Spain Digital Patient Monitoring Devices Market
- 7.5.1 Spain Digital Patient Monitoring Devices Market by Product
- 7.5.1.1 Spain Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.5.1.2 Spain Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.5.2 Spain Digital Patient Monitoring Devices Market by Type
- 7.5.2.1 Spain Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 7.6 Italy Digital Patient Monitoring Devices Market
- 7.6.1 Italy Digital Patient Monitoring Devices Market by Product
- 7.6.1.1 Italy Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.6.1.2 Italy Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.6.2 Italy Digital Patient Monitoring Devices Market by Type
- 7.6.2.1 Italy Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- 7.7 Rest of Europe Digital Patient Monitoring Devices Market
- 7.7.1 Rest of Europe Digital Patient Monitoring Devices Market by Product
- 7.7.1.1 Rest of Europe Digital Patient Monitoring Devices Market by Diagnostic Monitoring Devices Type
- 7.7.1.2 Rest of Europe Digital Patient Monitoring Devices Market by Therapeutic Monitoring Devices Type
- 7.7.2 Rest of Europe Digital Patient Monitoring Devices Market by Type
- 7.7.2.1 Rest of Europe Digital Patient Monitoring Devices Market by Remote Patient Monitoring Type
- Chapter 8. Company Profiles
- 8.1 F. Hoffmann-La Roche Ltd.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.6 SWOT Analysis
- 8.2 Siemens Healthineers AG (Siemens AG)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.6 SWOT Analysis
- 8.3 Abbott Laboratories
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 GE HealthCare Technologies, Inc.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Product Launches and Product Expansions:
- 8.4.6 SWOT Analysis
- 8.5 Medtronic PLC
- 8.5.1 Company overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Acquisition and Mergers:
- 8.5.6 SWOT Analysis
- 8.6 Koninklijke Philips N.V.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.6.5.3 Acquisition and Mergers:
- 8.6.6 SWOT Analysis
- 8.7 Fitbit, Inc (Google LLC)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.6 SWOT Analysis
- 8.8 Boston Scientific Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Product Launches and Product Expansions:
- 8.8.5.2 Acquisition and Mergers:
- 8.8.6 SWOT Analysis
- 8.9 ResMed, Inc.
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 SWOT Analysis
- 8.10. Omron Corporation
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 Recent strategies and developments:
- 8.10.5.1 Partnerships, Collaborations, and Agreements:
- 8.10.5.2 Product Launches and Product Expansions:
- 8.10.6 SWOT Analysis
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