Global Digital Patient Monitoring Devices Market Share, Size, Trends, Industry Analysis Report, By Type (Wireless Sensor Technology, mHealth, Telehealth, Wearable Devices, Remote Patient Monitoring); By Product; By Region; Segment Forecast, 2023 – 2032
The global digital patient monitoring devices market size is expected to reach USD 778.69 billion by 2032, according to a new study by Polaris Market Research. The report “Global Digital Patient Monitoring Devices Market Share, Size, Trends, Industry Analysis Report, By Type (Wireless Sensor Technology, mHealth, Telehealth, Wearable Devices, Remote Patient Monitoring); By Product; By Region; Segment Forecast, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Global Digital patient monitoring devices are a rapidly growing segment within the healthcare industry that allow healthcare providers to remotely monitor patients' health and wellbeing outside of traditional healthcare settings. These devices use a combination of sensors, software, and connectivity technologies to collect and transmit patient data in real-time, allowing healthcare providers to monitor vital signs, track medication adherence, and identify potential health issues before they become more serious.
There are several types of digital patient monitoring devices available on the market today, including wearable devices, implantable devices, and home-based monitoring systems. Wearable devices include smartwatches, fitness trackers, and other wearable technology that can collect data on patients' physical activity, heart rate, and sleep patterns. Implantable devices, on the other hand, are surgically implanted devices that can monitor a range of physiological parameters, such as heart rate and blood pressure, and transmit this data to healthcare providers.
Home-based monitoring systems, such as blood glucose monitors and blood pressure monitors, allow patients to monitor their health from the comfort of their own homes. The benefits of digital patient monitoring devices are numerous. By allowing healthcare providers to remotely monitor patients' health, these devices can help reduce the need for hospitalizations and emergency room visits, improve patient outcomes, and reduce healthcare costs. Digital patient monitoring devices can also improve patient engagement and empowerment by giving patients more control over their health and wellbeing.
There are also challenges associated with digital patient monitoring devices. One of the biggest challenges is ensuring the security and privacy of patient data. With sensitive patient data being transmitted over networks, there is a risk of data breaches and cyber-attacks. Additionally, there are concerns about the accuracy and reliability of some digital patient monitoring devices, particularly those that have not undergone rigorous testing and regulatory approval. The digital patient monitoring devices market is expected to continue growing in the coming years.
The COVID-19 pandemic has accelerated the adoption of remote patient monitoring technologies, with healthcare providers turning to these devices to monitor patients' health from a distance and reduce the risk of exposure to the virus. The population ages and chronic diseases become more prevalent, the demand for digital patient monitoring devices is expected to increase.
Global Digital Patient Monitoring Devices Market Report Highlights
The diagnostic monitoring segment of the healthcare industry is expected to experience significant growth in the coming years. This is driven by a number of factors, including advances in technology, increasing demand for personalized healthcare, and the rising prevalence of chronic diseases.
The wireless sensor technology segment of the healthcare industry is currently the largest market for digital patient monitoring devices. This segment includes devices such as wireless blood glucose monitors, pulse oximeters, and wearable devices that can track a wide range of physiological data.
The demand for digital patient monitoring devices is expected to witness significant growth in several regions around the world, particularly in Asia Pacific and North America.
The global players include Abbott, Athenahealth, Biotronik SE & CO. KG, FitBit, Garmin Ltd., GE Healthcare, Hill-Rom Services Inc., Koninklijke Philips N.V., Koninklijke Philips N.V. AB, Masimo, Medtronic, Nihon Kohden Corporation, Omron, ResMed, Siren, Vital Connect.
Polaris Market Research has segmented the Global Digital Patient Monitoring Devices market report based on Type, Product, and region:
Global Digital Patient Monitoring Devices, Type Outlook (Revenue, USD Billion, 2019-2032)
Wireless Sensor Technology
mHealth
Telehealth
Wearable
Remote Patient Monitoring
Hospital Inpatient
Ambulatory Patient
Smart Home healthcare
Global Digital Patient Monitoring Devices, Product Outlook (Revenue, USD Billion, 2019-2032)
Diagnostic Monitoring
Vital Sign Monitors
Sleep Monitors
Fetal Monitors
Neuromonitors
Other Monitors
Therapeutic Monitoring
Insulin Monitors
Respiratory Monitors
Other Monitors
Global Digital Patient Monitoring Devices, Regional Outlook (Revenue - USD Billion, 2019-2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Digital Patient Monitoring Devices Market Insights
- 4.1. Digital Patient Monitoring Devices Market – Industry Snapshot
- 4.2. Digital Patient Monitoring Devices Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for round-the-clock monitoring
- 4.2.1.2. Availability of cost-efficient treatment
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Data security and privacy issues
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Digital Patient Monitoring Devices Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Digital Patient Monitoring Devices Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Digital Patient Monitoring Devices, by Type, 2019-2032 (USD Billion)
- 5.3. Wireless Sensor Technology
- 5.3.1. Global Digital Patient Monitoring Devices Market, by Wireless Sensor Technology, by Region, 2019 - 2032 (USD Billion)
- 5.3.2. mHealth
- 5.3.2.1. Global Digital Patient Monitoring Devices Market, by mHealth, by Region, 2019 - 2032 (USD Billion)
- 5.3.3. Telehealth
- 5.3.3.1. Global Digital Patient Monitoring Devices Market, by Telehealth, by Region, 2019 - 2032 (USD Billion)
- 5.3.4. Wearable
- 5.3.4.1. Global Digital Patient Monitoring Devices Market, by Wearable, by Region, 2019 - 2032 (USD Billion)
- 5.4. Remote Patient
- 5.4.1. Global Digital Patient Monitoring Devices Market, by Remote Patient, by Region, 2019 - 2032 (USD Billion)
- 5.4.2. Hospital Inpatient
- 5.4.2.1. Global Digital Patient Monitoring Devices Market, by Hospital Inpatient, by Region, 2019 - 2032 (USD Billion)
- 5.4.3. Ambulatory Patient
- 5.4.3.1. Global Digital Patient Monitoring Devices Market, by Ambulatory Patient, by Region, 2019 - 2032 (USD Billion)
- 5.4.4. Smart Home healthcare
- 5.4.4.1. Global Digital Patient Monitoring Devices Market, by Smart Home healthcare, by Region, 2019 - 2032 (USD Billion)
- 6. Global Digital Patient Monitoring Devices Market, by Product
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 6.3. Diagnostic Monitoring
- 6.3.1. Global Digital Patient Monitoring Devices Market, by Diagnostic Monitoring, by Region, 2019 - 2032 (USD Billion)
- 6.3.2. Vital Sign Monitors
- 6.3.2.1. Global Digital Patient Monitoring Devices Market, by Vital Sign Monitors, by Region, 2019 - 2032 (USD Billion)
- 6.3.3. Sleep Monitors
- 6.3.3.1. Global Digital Patient Monitoring Devices Market, by Sleep Monitors, by Region, 2019 - 2032 (USD Billion)
- 6.3.4. Fetal Monitors
- 6.3.4.1. Global Digital Patient Monitoring Devices Market, by Fetal Monitors, by Region, 2019 - 2032 (USD Billion)
- 6.3.5. Neuromonitors
- 6.3.5.1. Global Digital Patient Monitoring Devices Market, by Neuromonitors, by Region, 2019 - 2032 (USD Billion)
- 6.3.6. Other Monitors
- 6.3.6.1. Global Digital Patient Monitoring Devices Market, by Others Monitors, by Region, 2019 - 2032 (USD Billion)
- 6.4. Therapeutic Monitoring
- 6.4.1. Global Digital Patient Monitoring Devices Market, by Therapeutic Monitoring, by Region, 2019 - 2032 (USD Billion)
- 6.4.2. Insulin Monitors
- 6.4.2.1. Global Digital Patient Monitoring Devices Market, by Insulin Monitors, by Region, 2019 - 2032 (USD Billion)
- 6.4.3. Respiratory Monitors
- 6.4.3.1. Global Digital Patient Monitoring Devices Market, by Respiratory Monitors, by Region, 2019 - 2032 (USD Billion)
- 6.4.4. Others Monitors
- 6.4.4.1. Global Digital Patient Monitoring Devices Market, by Others Monitors, by Region, 2019 - 2032 (USD Billion)
- 7. Global Digital Patient Monitoring Devices Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Digital Patient Monitoring Devices Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Digital Patient Monitoring Devices Market – North America
- 7.3.1. North America: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.3.2. North America: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.3.3. Digital Patient Monitoring Devices Market – U.S.
- 7.3.3.1. U.S.: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.3.4. Digital Patient Monitoring Devices Market – Canada
- 7.3.4.1. Canada: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4. Digital Patient Monitoring Devices Market – Europe
- 7.4.1. Europe: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.2. Europe: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.3. Digital Patient Monitoring Devices Market – UK
- 7.4.3.1. UK: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.4. Digital Patient Monitoring Devices Market – France
- 7.4.4.1. France: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.4.2. France: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.5. Digital Patient Monitoring Devices Market – Germany
- 7.4.5.1. Germany: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.6. Digital Patient Monitoring Devices Market – Italy
- 7.4.6.1. Italy: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.7. Digital Patient Monitoring Devices Market – Spain
- 7.4.7.1. Spain: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.8. Digital Patient Monitoring Devices Market – Netherlands
- 7.4.8.1. Netherlands: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.4.9. Digital Patient Monitoring Devices Market – Russia
- 7.4.9.1. Russia: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5. Digital Patient Monitoring Devices Market – Asia Pacific
- 7.5.1. Asia Pacific: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5.3. Digital Patient Monitoring Devices Market – China
- 7.5.3.1. China: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.3.2. China: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5.4. Digital Patient Monitoring Devices Market – India
- 7.5.4.1. India: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.4.2. India: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5.5. Digital Patient Monitoring Devices Market – Malaysia
- 7.5.5.1. Malaysia: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5.6. Digital Patient Monitoring Devices Market – Japan
- 7.5.6.1. Japan: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5.7. Digital Patient Monitoring Devices Market – Indonesia
- 7.5.7.1. Indonesia: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.5.8. Digital Patient Monitoring Devices Market – South Korea
- 7.5.8.1. South Korea: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.6. Digital Patient Monitoring Devices Market – Middle East & Africa
- 7.6.1. Middle East & Africa: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.6.3. Digital Patient Monitoring Devices Market – Saudi Arabia
- 7.6.3.1. Saudi Arabia: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.6.4. Digital Patient Monitoring Devices Market – UAE
- 7.6.4.1. UAE: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.6.5. Digital Patient Monitoring Devices Market – Israel
- 7.6.5.1. Israel: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.6.6. Digital Patient Monitoring Devices Market – South Africa
- 7.6.6.1. South Africa: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.7. Digital Patient Monitoring Devices Market – Latin America
- 7.7.1. Latin America: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.7.3. Digital Patient Monitoring Devices Market – Mexico
- 7.7.3.1. Mexico: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.7.4. Digital Patient Monitoring Devices Market – Brazil
- 7.7.4.1. Brazil: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 7.7.5. Digital Patient Monitoring Devices Market – Argentina
- 7.7.5.1. Argentina: Digital Patient Monitoring Devices Market, by Product, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Digital Patient Monitoring Devices Market, by Type, 2019-2032 (USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Abbott
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Athenahealth
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Biotronik SE & CO. KG
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. FitBit
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Garmin Ltd
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. GE Healthcare
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Hill-Rom Services Inc
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Koninklijke Philips N.V.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Koninklijke Philips N.V. AB
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Masimo
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Medtronic
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Nihon Kohden Corporation
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Omron
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. ResMed
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Siren
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Vital Connect
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
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