US Patient Monitoring Market Size (2024 - 2029)

US Patient Monitoring Market Analysis

The US Patient Monitoring Market size is estimated at USD 15.07 billion in 2024, and is expected to reach USD 21.52 billion by 2029, growing at a CAGR of 7.61% during the forecast period (2024-2029).

• The market is expected to grow with the rising prevalence of chronic diseases due to lifestyle changes and a growing preference for home and remote monitoring.
• The prevalence of chronic diseases is on the rise in the United States, which is expected to create more demand for patient monitoring for the management of diseases. For instance, according to data published by the CRT Group Foundation in August 2022, the number of individuals living with hypertension would increase by 27.2% to 162.5 million from 127.8 million from 2025 to 2060. Further, according to the data published by the United States Census Bureau in November 2022, more than 34 million adults were recorded to live with diabetes in the United States, and it was estimated that 88 million more individuals were at risk of developing the disease. Also, the adoption of remote and home-based patient monitoring has been increasing.
• Moreover, the growing burden of cancer is expected to increase the demand for patient care monitor solutions due to the long-term care required in cancer, contributing to the market growth over the forecast periods. For instance, according to the data updated by the American Cancer Society 2024, 1.96 million new cancer cases are expected to occur in the United States by the end of 2023, which increase to 2 million by 2024. Thus, the high burden of cancer is expected to increase demand for patient monitoring solutions is expected to boost the market growth over the forecast period.
• The market players are engaged in strategic activities such as product launches, mergers, and acquisitions, which are likely to contribute to the growth of the market over the forecast period. For instance, in January 2022, Omron Healthcare launched heart-focused remote patient monitoring. This launch would expand digital health services to consumers and monitor risks of heart disease and other ailments.
• Therefore, owing to the aforementioned factors, the studied market is anticipated to witness growth over the analysis period. However, the resistance from healthcare industry professionals toward the adoption of patient monitoring systems is likely to impede market growth.

US Patient Monitoring Industry Segmentation

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 United States patient care monitoring equipment market is segmented by type of devices, application, and end user. By type of devices, the market is segmented as hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, remote patient monitoring devices, and other types of devices. By application, the market is segmented as cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and other applications. By end-user, the market is segmented as home healthcare, hospitals and clinics, and other end-users. 

The report offers the value (in USD) for the above segments.