Patient Monitoring Devices Market Report 2025

This Patient Monitoring Devices market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The patient monitoring devices market size has grown strongly in recent years. It will grow from $24.76 billion in 2024 to $26.95 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to aging population, regulatory compliance, chronic disease management, healthcare reimbursement, hospital-at-home trend.

The patient monitoring devices market size is expected to see strong growth in the next few years. It will grow to $36.76 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, artificial intelligence (AI) integration, personalized and connected healthcare, emerging markets growth, value-based care. Major trends in the forecast period include wearable health monitors, remote vital signs monitoring, mobile health apps, predictive analytics, home health monitoring kits.

The rising prevalence of chronic diseases is expected to drive the growth of the patient monitoring device market. Chronic conditions are long-term health issues that typically cannot be cured but can be managed with proper care, and patient monitoring devices play a crucial role in managing these conditions. For example, in February 2024, the World Health Organization (WHO) projected that by 2050, the number of new cancer cases would exceed 35 million, a 77% increase from the estimated 20 million cases in 2022. As the prevalence of chronic diseases continues to rise, the demand for patient monitoring devices is expected to grow significantly.

The demand for monitoring devices is expected to rise due to the shortage of healthcare professionals in the healthcare services industry. Mercer's report indicates that the United States will require 2.3 million new healthcare workers by 2025, encompassing roles like nurses, physicians, lab technicians, and various other healthcare personnel. This shortage is likely to increase the need for monitoring systems, as these devices enable medical professionals to remotely monitor multiple patients. This anticipated shortage is projected to be a driving factor for the patient monitoring device market in the forecast period.

Leading companies in the patient monitoring devices market are concentrating on developing innovative technologies, such as remote patient monitoring (RPM) hardware powered by LoRaWAN technology, to enhance their market profitability. LoRaWAN is a wireless communication protocol built upon the LoRa radio modulation technique. For instance, in January 2023, Senet, a US-based provider of cloud-based software and services platforms, and Telli Health, a US-based provider of medical remote patient monitoring devices, jointly introduced the first remote patient monitoring (RPM) hardware utilizing LoRaWAN technology. This technological advancement will enable healthcare providers to extend their services to a larger number of patients residing in remote and underserved areas, including indigenous communities worldwide. This development will enhance healthcare equity and inclusivity. The RPM device can be linked to a dedicated private LoRaWAN network, which can offer an approximate coverage range of 10 miles and requires only a simple dial-up modem for transmitting health readings.

Patient monitoring device manufacturers are now offering customized Multiparameter Monitors (MPMs) to cater to the growing patient population. MPMs are designed to monitor various health parameters specific to patients' medical conditions. For example, Infinium Medical's Omni series monitors come preconfigured with features like ECG, oxygen saturation, non-invasive blood pressure, and temperature tracking. More advanced health measures such as invasive blood pressure, cardiac output, and anesthetic agent measurement can be added to this device when necessary. Custom MPMs are particularly valuable for tracking the health status of critically ill patients.

Major companies operating in the patient monitoring devices market include General Electric Company, Koninklijke Philips NV, Dragerwerk AG & Co KGaA, Cardinal Health Inc., Masimo Corporation, Medtronic PLC, Edwards Lifesciences Crop., Flex Ltd., Nihon Kohden Corporation, Abbott Laboratories, Johnson & Johnson, Siemens Healthineers AG, Becton, Dickinson and Company, Cardinal Health Inc., Baxter International Inc., Boston Scientific Corporation, Danaher Corporation, 3M Company, Hill-Rom Holdings Inc., Terumo Corporation, Smith & Nephew PLC, B. Braun Melsungen AG, ResMed Inc., Dexcom Inc., Fresenius Medical Care AG & Co. KGaA, Getinge, Mindray Medical International Limited, Nihon Kohden Corporation, Spacelabs Healthcare LLC, Nonin Medical Inc., OSI Systems Inc., Schiller AG, Welch Allyn Inc., OMRON Healthcare Co. Ltd.

Patient monitoring devices are tools used to continuously track and assess patients' health through various vital signs and alert systems. These devices allow healthcare providers to monitor key vital signs, such as heart rate, blood pressure, oxygen saturation, and respiratory rate, in real time. This continuous monitoring helps quickly detect any abnormalities, enabling prompt medical intervention and better patient care.

The primary categories within the patient monitoring devices market include fetal and neonatal monitoring devices, weight monitoring and body temperature monitoring devices and equipment, vital parameter monitoring devices and equipment, and remote patient monitoring devices and equipment. Fetal and neonatal monitoring devices, for instance, are used to measure the heart rate and rhythm of a baby (fetus), providing healthcare providers with important information about the baby's well-being. Expenditure in this field can be categorized as both public and private, and the products used include instruments/equipment and disposables. Patient monitoring devices are used by various end-users, including hospitals and clinics, diagnostic laboratories, and other healthcare facilities.

The patient monitoring devices market research report is one of a series of new reports that provides patient monitoring devices market statistics, including patient monitoring devices industry global market size, regional shares, competitors with a patient monitoring devices market share, detailed patient monitoring devices market segments, market trends and opportunities, and any further data you may need to thrive in the patient monitoring devices industry. This patient monitoring devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the global patient monitoring devices market in 2024. North America was the second-largest region in the global patient monitoring devices market. The regions covered in the patient monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the patient monitoring devices market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The patient monitoring devices market consist of sales of instruments such as blood pressure cuffs, glucometers, pulse oximeter, ECG + stethoscope, wearables (activity trackers and continuous monitoring), and thermometers for patient monitoring. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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