Patient Monitoring Market Size, Share & Trends Analysis - United States - 2024-2030 - MedSuite - Includes: Multi-Parameter Vital Signs Monitoring, Wireless Ambulatory Telemetry Monitoring, and 13 more
The U.S. patient monitoring equipment market achieved a valuation of nearly $8.5 billion in 2023, projecting an anticipated increase throughout the forecast period at a CAGR of 4.1% to surpass $11.2 billion.
In this comprehensive medical market research, we analyzed over 140 patient monitoring companies in the U.S. Our analysis covered diverse segments, including multi-parameter vital signs monitoring, wireless ambulatory telemetry, remote patient monitoring, intracranial pressure monitoring, electromyogram (EMG) monitoring, electroencephalogram (EEG) monitoring, cerebral oximetry monitoring, fetal and neonatal monitoring, pulse oximetry monitoring, cardiac output monitoring, blood pressure monitoring, electrocardiogram (ECG) monitoring, temperature management, intraoperative neurophysiology monitoring, and capnography monitoring markets.
MARKET REPORT DATA TYPES INCLUDEDUnit Sales, Average Selling Prices, Market Size & Growth Trends
COVID-19 Impact Analysis
Market Drivers & Limiters
Market Forecasts Until 2030, and Historical Data to 2020
Recent Mergers & Acquisitions
Company Profiles and Product Portfolios
Leading Competitors
US PATIENT MONITORING EQUIPMENT MARKET TRENDSThe dominant trend in the patient monitoring equipment market revolves around the incorporation of monitoring devices into Internet of Things (IoT) environments. This trend is underscored by robust high-single-digit growth in the remote patient monitoring market, a trajectory anticipated to persist in the forecasted period. In addition to the development of monitoring devices tailored for non-professional care settings, numerous established patient monitors are undergoing upgrades to encompass wireless connectivity and software compatibility. This enhancement aims to facilitate seamless system integration, fostering improved workflows.
US PATIENT MONITORING EQUIPMENT MARKET SHARE INSIGHTSIn 2023, Medtronic emerged as the primary contender in the entire U.S. patient monitoring equipment market, securing a prominent position in the remote patient monitoring (RPM), cerebral oximetry, pulse oximetry, intraoperative neuromonitoring (IONM), and standalone capnography monitoring markets.
Philips Healthcare claimed the second-leading position in the U.S. patient monitoring equipment market in 2023, thanks to its active engagement in the multi-parameter vital signs, wireless ambulatory telemetry, remote patient monitoring, and fetal and neonatal monitoring markets.
GE Healthcare achieved noteworthy success across multiple segments, particularly in the multi-parameter vital signs, fetal and neonatal, electrocardiogram (ECG) monitoring, and blood pressure monitoring markets. In 2023, GE Healthcare held the third-leading position in the overall U.S. patient monitoring equipment market.
MARKET SEGMENTATION SUMMARYMulti-Parameter Vital Signs Monitoring – The market analysis is further broken down into segments by:
Device Type: Low-Acuity, Mid-Acuity, High-Acuity, Central Station
Wireless Ambulatory Telemetry Monitoring – The market analysis is further broken down into segments by:
Device Type: Patient-Worn Monitor, Central Station
Remote Patient Monitoring – The market analysis is further broken down into segments by:
Device Type: Disease Conditions Management, Cardiac Implantable Electric Device
Intracranial Pressure Monitoring (ICP) – The market analysis is further broken down into segments by:
Device Type: ICP Transducer, ICP Drainage, Advanced ICP Monitoring, Universal ICP Disposables
Electromyogram Monitoring (EMG) – The market analysis is further broken down into segments by:
Device Type: EMG Monitor, EMG Consumables
Electroencephalogram Monitoring (EEG) – The market analysis is further broken down into segments by:
Device Type: Diagnostic EEG, Depth of Anesthesia EEG, Rapid EEG
Central Oximetry Monitoring – The market analysis is further broken down into segments by:
Device Type: Monitor, Sensor
Fetal and Neonatal Monitoring – The market analysis is further broken down into segments by:
Device Type: Fetal, Neonatal
Pulse Oximetry Monitoring – The market analysis is further broken down into segments by:
Setting: Hospital, Alternate care, OEM Circuit Board
Cardiac Output Monitoring – The market analysis is further broken down into segments by:
Device Type: Pulmonary Artery Catheter, Minimally Invasive Monitoring, Non-Invasive Monitoring
Blood Pressure Monitoring – The market analysis is further broken down into segments by:
Device Type: Personal Monitoring, Professional Monitoring, Blood Pressure Cuff
Electrocardiogram Monitoring (ECG) – The market analysis is further broken down into segments by:
Device Type: ECG Monitor, ECG Electrode
Temperature Management – The market analysis is further broken down into segments by:
Device Type: Surface Pad Temperature Management, Intravascular Temperature Management, Forced-Air Warming Accessory
Intraoperative Neurophysiology Monitoring (IONM) – The market analysis is further broken down into segments by:
Device Type: System, Electrode
Standalone Capnography Monitor – The market analysis is further broken down into segments by:
Device Type: Mainstream, Sidestream, and Microstream
*Train-of-Four (TOF) Monitoring – The market analysis is further broken down into segments by:
Device Type: TOF Monitor, TOF Electrode
*This segment is provided as an appendix onlyResearch Scope Summary
Regions : United States
Base Year: 2023
Forecast: 2024-2030
Historical Data: 2020-2022
Quantitative Coverage: Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage: COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive
Technologies, Disease Overviews.
Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database