Handheld Multi-Parameter Monitoring Device Global Market Report 2025

The handheld multi-parameter monitoring device market size has grown strongly in recent years. It will grow from $3.41 billion in 2024 to $3.69 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth during the historic period can be credited to the rising prevalence of chronic illnesses, increasing demand for remote patient monitoring, greater adoption of wireless technology in healthcare, a growing elderly population requiring continuous monitoring, and heightened awareness regarding early disease detection and prevention.

The handheld multi-parameter monitoring device market size is expected to see strong growth in the next few years. It will grow to $5.0 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increased investment in healthcare infrastructure, a rising preference for portable and user-friendly medical devices, growing incorporation of advanced analytics in monitoring tools, increasing demand for real-time data in emergency and critical care, and a heightened focus on personalized and home-based healthcare services. Key trends expected during this period include progress in wireless communication technologies, the integration of artificial intelligence and machine learning, enhancements in sensor precision and miniaturization, advancements in real-time data analytics and cloud connectivity, and the merging of telemedicine platforms with monitoring devices.

The increasing demand for remote patient monitoring is anticipated to drive the growth of the handheld multi-parameter monitoring device market in the coming years. Remote patient monitoring involves the use of digital technologies to gather health data from patients in one location and transmit it electronically to healthcare providers elsewhere for evaluation and guidance. This demand is largely fueled by the growing incidence of chronic diseases, which require continuous monitoring to manage symptoms, prevent complications, and minimize hospital visits. Handheld multi-parameter monitoring devices facilitate remote patient monitoring by measuring vital signs such as heart rate, blood pressure, and oxygen saturation. These devices enable early detection of health issues, ongoing care for chronic conditions, and real-time data transmission to healthcare providers, enhancing patient convenience and reducing the need for hospital visits. For example, in August 2023, the Alliance for Connected Care, a U.S.-based nonprofit advocacy group, reported a 305% increase in remote patient monitoring adoption since 2021. Currently, 81% of clinicians utilize RPM, and 84% of those plan to expand its use in 2024. Additionally, 45% of providers employ RPM for acute care, including hospital-at-home programs. Thus, the growing demand for remote patient monitoring is significantly contributing to the expansion of the handheld multi-parameter monitoring device market.

Leading companies in the handheld multi-parameter monitoring device market are prioritizing advancements in medical technology - particularly in sensor technology - to improve the accuracy, reliability, and real-time tracking of vital signs, thereby facilitating early detection of health conditions. Sensor technology involves the use of devices that sense and measure changes in physical or environmental conditions, such as temperature, motion, or pressure. For example, in July 2022, BUZUD, a Singapore-based healthcare solutions manufacturer, introduced its Multi-Parameter Monitor and PulseBit EX electrocardiogram tracker - advanced medical devices suitable for both hospital and home settings. These devices provide real-time monitoring of vital signs, including ECG, blood oxygen levels, heart rate, respiration rate, and body temperature. Designed for precision, they feature portability, intuitive user interfaces, and highly accurate measurements, addressing the growing need for accessible and continuous health monitoring across various healthcare environments.

In August 2022, Medtronic PLC, an Ireland-based medical technology company, formed a partnership with BioIntelliSense to provide continuous, connected monitoring solutions. Through this collaboration, Medtronic intends to extend its remote patient monitoring capabilities from hospital settings to home care by incorporating BioIntelliSense’s BioButton wearable device into its patient monitoring portfolio. This integration is designed to enhance patient safety, support proactive clinical interventions, and mitigate staffing challenges by improving workflow automation. BioIntelliSense, Inc. is a U.S.-based company specializing in continuous health monitoring and clinical intelligence.

Major players in the handheld multi-parameter monitoring device market are Abbott Laboratories, Medtronic Public Limited Company, Becton Dickinson and Company, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Baxter International Inc., Omron Healthcare Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Masimo Corporation, Nihon Kohden Corporation, Lepu Medical Technology (Beijing) Co. Ltd., Qingdao Meditech Equipment Co. Ltd., Wuhan Zoncare Bio-Medical Electronics Co. Ltd., BPL Medical Technologies Pvt. Ltd., Schiller Healthcare India Pvt. Ltd., Allengers Medical Systems Limited, Contec Medical Systems Co. Ltd., aXcent medical GmbH, Jiangsu Yuyue Medical Instruments Co. Ltd., Genuine Medica Pvt. Ltd., Drx Laboratories.

North America was the largest region in the handheld multi-parameter monitoring device market in 2024. The regions covered in handheld multi-parameter monitoring device report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the handheld multi-parameter monitoring device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A handheld multi-parameter monitoring device is a portable medical tool designed to measure and display several vital signs - such as heart rate, blood pressure, temperature, and oxygen saturation - in real time for patient monitoring. Healthcare professionals use this device to quickly evaluate and track a patient’s vital signs at the point of care, facilitating prompt diagnosis and treatment.

The primary types of handheld multi-parameter monitoring devices include basic vital sign monitors, advanced multi-parameter monitors, fetal monitors, and remote patient monitoring (RPM) devices. Basic vital sign monitors are compact devices that continuously measure essential health parameters like heart rate, blood pressure, and oxygen saturation. These devices are available with either wired or wireless connectivity. They are employed across various settings, such as intensive care, clinical care, ambulatory care, pediatric care, and others. The main end users of these devices include hospitals, ambulatory surgical centers, homecare environments, and other healthcare providers.

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The handheld multi-parameter monitoring device market consists of sales of handheld pulse oximeters, portable ECG monitors, handheld blood pressure monitors, handheld capnography devices, handheld glucose monitoring devices, infrared thermometers with vital sign monitoring, and compact multi-parameter patient monitors. 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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