PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762422
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762422
The global patient monitoring devices market size is expected to reach USD 122.08 billion by 2034, according to a new study by Polaris Market Research. The report "Patient Monitoring Devices Market Size, Share, & Industry Analysis Report: By End Use (Hospitals, Ambulatory Surgery Centers, Home Care Settings, and Other), By Product, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The patient monitoring devices market encompasses a diverse array of medical equipment and systems designed to continuously or intermittently track and record patients' physiological parameters and vital signs. These devices are fundamental tools in modern healthcare, providing essential real-time data that enables healthcare providers to closely observe a patient's condition, identify any deviations from the norm, and make informed clinical decisions. The information gathered aids in early diagnosis, treatment monitoring, and the prevention of potential health crises across various healthcare environments.
The increasing global prevalence of chronic diseases necessitates continuous and effective monitoring for disease management. The expanding geriatric population, more susceptible to age-related health issues, also fuels demand for patient monitoring devices, particularly in home care settings. Furthermore, rapid technological advancements, including the integration of wireless technology, wearable sensors, and data analytics, are enhancing the capabilities and usability of patient monitoring devices, thereby boosting market penetration. The growing emphasis on remote patient monitoring and early intervention further contributes to the positive market outlook for this sector.
By end use, the hospitals segment holds the largest market share due to the extensive utilization of a wide array of sophisticated monitoring equipment in critical care units, operating rooms, and general wards to oversee a large volume of patients with diverse medical needs.
By product, the cardiac monitoring devices segment commands the largest market share globally, primarily due to the high prevalence of cardiovascular diseases and the critical requirement for continuous and precise monitoring of cardiac function for accurate diagnosis and effective management.
By region, North America holds the largest market share. The Asia Pacific patient monitoring devices market is projected to experience the highest growth rate over the coming years.
A few of the major players in the market are Medtronic plc (Ireland), GE HealthCare (US), Koninklijke Philips N.V. (Netherlands), Nihon Kohden Corporation (Japan), Abbott Laboratories (US), Mindray Medical International Ltd. (China), Masimo Corporation (US), Omron Healthcare, Inc. (Japan), Dragerwerk AG & Co. KGaA (Germany), and Baxter International Inc. (US).
Polaris Market Research has segmented the patient monitoring devices market report on the basis of end use, product, and region:
By End Use Outlook (Revenue - USD Billion, 2020-2034)
Hospitals
Ambulatory Surgery Centers
Home Care Settings
Other
By Product Outlook (Revenue - USD Billion, 2020-2034)
Blood Glucose Monitoring Systems
Self-monitoring Blood Glucose Systems
Continuous Glucose Monitoring Systems
Cardiac Monitoring Devices
ECG Devices
Implantable Loop Recorders
Event Monitors
Mobile Cardiac Telemetry Monitors
Smart/Wearable ECG Monitors
Multi-parameter Monitoring Devices
Low-acuity Monitoring Devices
Mid-acuity Monitoring Devices
High-acuity Monitoring Devices
Respiratory Monitoring Devices
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Table-top Temperature Monitoring Devices
Wearable Continuous Monitoring Devices
Invasive Temperature Monitoring Devices
Smart Temperature Monitoring Devices
Hemodynamic/Pressure Monitoring Devices
Hemodynamic Monitors
Blood Pressure Monitors
Disposables
Fetal & Neonatal Monitoring Devices
Fetal Monitoring Devices
Neonatal Monitoring Devices
Neuromonitoring Devices
Electroencephalography Machines
Electromyography Machines
Cerebral Oximeters
Intracranial Pressure Monitors
Magnetoencephalography Machines
Transcranial Doppler Machines
Weight Monitoring Devices
Digital
Analog
Others
By Regional Outlook (Revenue - USD Billion, 2020-2034)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America