| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 50.53 Billion |
| Market Size (2030) | USD 72.17 Billion |
| CAGR (2025 - 2030) | 7.39 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Patient Monitoring Market Analysis
The Patient Monitoring Market size is estimated at USD 50.53 billion in 2025, and is expected to reach USD 72.17 billion by 2030, at a CAGR of 7.39% during the forecast period (2025-2030).
The outbreak of the pandemic impacted the Patient Monitoring Market significantly. During the pandemic, the demand for patient monitoring devices such as neuromonitoring, respiratory, and cardiac devices drastically increased due to the need for constant monitoring of COVID-19 patients. For instance, according to the NCBI study published in October 2022, wearable respiratory sensors were widely used during the pandemic as they can monitor biomechanical signals, such as the abnormalities in respiratory rate and cough frequency caused by COVID-19, as well as biochemical signals, such as viral biomarkers from exhaled breaths. Thus, the Digital Patient Monitoring Devices Market witnessed healthy growth during the pandemic and is expected to maintain an upward trend over the forecast period.
The growth of the Patient Monitoring Market is attributed to the rising burden of chronic diseases due to lifestyle changes, growth in the geriatric population, growing preference for home and Remote Patient Monitoring, and the ease of use of portable devices. For instance, according to the June 2022 update of the Centers for Disease Control and Prevention (CDC), one or more chronic diseases, such as diabetes, cancer, heart disease, and stroke, affect six out of ten Americans. These and other chronic illnesses are the main contributors to health care costs and the significant causes of death and disability in the United States. Similarly, according to the data published by the NCBI in April 2022, an estimated 6.5 million Americans aged 65 and older were living with Alzheimer's dementia in 2022. The number is expected to grow to 13.8 million by 2060. Thus, such a high burden of chronic diseases is expected to increase the demand for products in the Patient Monitoring Devices Market as these diseases require constant monitoring, in which patient monitoring devices come into play. In addition, constant monitoring reduces readmission rates, prevents avoidable hospitalizations, decreases the number of unnecessary trips to the doctor's office, and reduces travel-related expenses. With the proper implementation, patient monitoring technologies can expand access to quality healthcare and save time and money. Thus, considerable market growth is expected over the forecast period due to such factors.
Additionally, initiatives such as expansion and product launches are other factors responsible for the market's growth. For instance, in September 2021, the Indian subsidiary of Medtronic partnered with Stasis Health to expand access to Stasis Monitor, a connected care bedside Multiparameter Patient Monitoring System across India. Similarly, in July 2021, Terumo Corporation launched Japan's Dexcom G6 continuous glucose monitoring system. Dexcom, Inc., based in the United States, manufactures the product, and Terumo holds the exclusive distribution agreement in Japan. Such developments are likely to bolster the growth of the Patient Monitoring Market over the forecast period.
However, resistance from healthcare industry professionals toward adopting Patient Monitoring Systems and the high cost of technology will likely hinder the market growth over the forecast period.
Patient Monitoring Market Trends
The Cardiology Segment is Expected to Witness Considerable Market Growth Over the Forecast Period
In cardiology, patient monitoring devices are used to diagnose and monitor various disorders or abnormalities of the heart and the overall cardiovascular system. The major factor driving the growth of the Cardiac Monitoring Market is the rising number of cases and deaths due to cardiovascular diseases and the increasing number of cardiac surgeries. For instance, according to the CDC update in January 2023, around 6.2 million adults in the United States have heart failure yearly. Similarly, according to the journal published by HexaHealth in October 2022, around 200,000 surgeries were performed in the United States and 60,000 in India annually. Post-surgery, continuous Patient Monitoring is essential to track any possibility of complications and the recovery rate, in which cardiac patient monitoring comes into play. Thus, increasing cardiac surgeries are also expected to surge the segment growth.
Furthermore, product launches and favorable initiatives by the market players in the cardiac monitoring space are also likely to fuel the growth of this segment. For instance, in June 2022, GE Healthcare launched its Wireless Patient Monitoring Devices system, Portrait Mobile. The product helps capture respiration rate, oxygen saturation, and pulse rate for general ward and post-surgery patients continuously, allowing clinicians to act early and avert serious adverse events. Similarly, in January 2021, Boston Scientific Corporation acquired Preventice Solutions, Inc., a privately held company offering remote and Wearable Patient Monitors for adults and pediatric patients. The acquisition will establish a strong footprint for Boston Scientific Corporation in the implantable cardiac monitor market. It is an implantable diagnostic device for detecting arrhythmias. Therefore, owing to the above factors, the Cardiac Monitoring Market segment is anticipated to grow considerably over the forecast period.
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North America Region Holds a Considerable Market Share Over the Forecast Period
The North American Patient Monitoring Market is expected to witness considerable growth and is estimated to show a similar trend over the forecast period. The increasing geriatric population, rising incidences of chronic diseases, growing demand for wireless and portable systems, and sophisticated reimbursement structures aimed at cutting out-of-pocket expenditure levels are the major factors attributed to its large Market Share. For instance, according to a report published by the Public Health Agency of Canada in December 2021, the crude incidence rate per 100,000 persons aged 65 years and more for ischemic heart disease was 2,306.9 in men and 1,537 for women, and chronic obstructive pulmonary disease was 1,750.6 in men and 1,411.4 in women. In addition, according to the report published by the Canadian Chronic Disease Surveillance System in November 2022, the overall number of adults aged 65 years and older who were to be living with chronic conditions were expected to be about 6.3 million in the coming years. Thus, owing to such instances, considerable market growth is expected over the forecast period.
In North America, the United States is expected to witness significant growth over the forecast period. The product launches by the key players and product approvals in the country are the major drivers for the market. For instance, in July 2021, Abbott introduced Jot Dx, an insertable cardiac monitor. It is designed to reduce data burden and diagnose abnormal heart rhythms. Similarly, in July 2022, Switzerland-based medical technology company Sleepiz received the U.S. FDA clearance for Sleepiz One+, a Contactless Vital Signs Monitoring and heart rate measuring device, and was launched in the United States. Sleepiz One+ is one of the first Respiratory Monitoring Devices that non-contactly monitors and records patient data during sleep. Sleepiz technology enables a new perspective on patient health, as doctors no longer rely on random check-up measurements but instead have access to continuous data. Thus, owing to the launch of innovative products and the rising prevalence of chronic diseases in the North American region, the market is expected to witness a high growth rate over the forecast period.
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Patient Monitoring Industry Overview
The Patient Monitoring Market is moderately competitive and consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, that help strengthen their Market Share. The key Patient Monitoring Companies in the market are Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), and Johnson & Johnson, among others.
Patient Monitoring Market Leaders
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Abbott Laboratories
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Boston Scientific Corporation
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GE Healthcare
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Johnson & Johnson
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Becton, Dickinson and Company
- *Disclaimer: Major Players sorted in no particular order
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Patient Monitoring Market News
- April 2023: Honeywell announced that it has developed a real-time health monitoring system, which captures and records patients' vital signs both within the hospital setting and remotely. Honeywell's solution uses advanced sensing technology to monitor vital signs via a skin patch, which connects the data instantaneously to healthcare providers on mobile devices and an online dashboard.
- January 2023: Senet and Telli Health launched the first remote patient monitoring (RPM) hardware powered by LoRaWAN. This technology will allow providers to reach more patients in remote and underserved areas, such as indigenous communities, globally, boosting healthcare equity and inclusivity and creating the foundation to provide more smart home services in the near future.
Patient Monitoring Industry Segmentation
As per the scope of this report, patient monitoring devices are monitoring devices that continuously monitor the patient's vital parameters, like blood pressure and heart rate, by using a medical monitor and collecting medical (and other) data from individuals. The patient monitoring market is segmented by type of device (hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, remote patient monitoring devices, and other types of devices), application (cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and other devices), end user (home care settings, hospital and clinics, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the segments mentioned above.
| By Type of Device | Hemodynamic Monitoring Devices | ||
| Neuromonitoring Devices | |||
| Cardiac Monitoring Devices | |||
| Multi-parameter Monitors | |||
| Respiratory Monitoring Devices | |||
| Other Types of Devices | |||
| By Application | Cardiology | ||
| Neurology | |||
| Respiratory | |||
| Fetal and Neonatal | |||
| Weight Management and Fitness Monitoring | |||
| Other Applications | |||
| By End-User | Home Healthcare | ||
| Hospitals and Clinics | |||
| Other End-Users | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | GCC | ||
| South Africa | |||
| Rest of Middle East and Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
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Patient Monitoring Devices Market Research FAQs
How big is the Patient Monitoring Market?
The Patient Monitoring Market size is expected to reach USD 50.53 billion in 2025 and grow at a CAGR of 7.39% to reach USD 72.17 billion by 2030.
What is the current Patient Monitoring Market size?
In 2025, the Patient Monitoring Market size is expected to reach USD 50.53 billion.
Who are the key players in Patient Monitoring Market?
Abbott Laboratories, Boston Scientific Corporation, GE Healthcare, Johnson & Johnson and Becton, Dickinson and Company are the major companies operating in the Patient Monitoring Market.
Which is the fastest growing region in Patient Monitoring Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Patient Monitoring Market?
In 2025, the North America accounts for the largest market share in Patient Monitoring Market.
What years does this Patient Monitoring Market cover, and what was the market size in 2024?
In 2024, the Patient Monitoring Market size was estimated at USD 46.80 billion. The report covers the Patient Monitoring Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Patient Monitoring Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Patient Monitoring Devices Industry Report
The report covers the patient monitoring devices market analysis and is segmented by type of device, application, end user, and geography. The industry analysis includes hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, and other types of devices. The application segment includes cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and other devices. The end user segment includes home care settings, hospitals and clinics, and other end users. The report provides a market forecast outlook and a historical overview.
The market analysis includes various aspects such as market share, market size, and market growth. The industry outlook highlights the trends and statistics that are shaping the patient monitoring devices market. The report also covers industry reports and industry research to provide a comprehensive view of the market. The market segmentation is detailed to understand the different segments and their market value.
The industry statistics and market data provide insights into the market leaders and their strategies. The market forecast includes market predictions and market review to help understand the future growth rate. The market overview provides a summary of the market trends and market outlook. The industry information and industry sales are also covered in the report.
The report example and report PDF are available for download to provide a detailed understanding of the market. The research companies involved in the industry have contributed to the industry reports and market research. The market value and market segmentation are crucial for understanding the different segments and their contribution to the overall market.
In summary, the patient monitoring devices market is analyzed in detail, covering various segments and providing insights into the market growth, market leaders, and market trends. The industry analysis includes a comprehensive view of the market, supported by industry statistics and market data. The market forecast and market review provide a future outlook, while the report example and report PDF offer detailed information for further research.
