Patient Monitoring Device Market

Industry Overview

The Global Patient Monitoring Device Market was valued at USD 27.1 billion in 2023 and is anticipated to reach USD 48.85 billion in 2030, witnessing a CAGR of 5.1% during the forecast period 2025-2030. Patient monitoring devices help in monitoring body parts like the heart, brain, and lungs continuously to detect problems and design a care treatment plan. With widespread use in hospitals and healthcare centers, the beneficial features of these devices provide warning signals for irregularities or noteworthy declines in the health condition of a patient. This helps the doctors and different healthcare providers to make the desired changes in the treatment process accordingly.       

The growth of the global patient monitoring device market is primarily attributed to the wider accessibility of wireless monitoring devices used to measure, record, distribute, and display a wide range of biometric data, including temperature, blood pressure, and blood oxygen saturation level. It is also the result of the growth in chronic diseases, especially among the aging population since they are more vulnerable to such diseases.

Primarily, strict government regulations for getting approvals for these devices hinder the growth of the patient monitoring device market. However, ongoing research and technical development to ensure increased capabilities of these devices offer new growth opportunities.

Market Segmentation

Insight by Product

The global patient monitoring device market is divided by product into cardiac monitoring devices, neuromonitoring devices, respiratory monitoring devices, hemodynamic monitoring devices, multi-parameter monitoring devices, temperature monitoring devices, fetal and neonatal monitoring devices, and weight monitoring devices. The cardiac monitoring devices segment, divided further into loop recorders, mobile cardiac telemetry monitors, event monitors, and ECG devices is expected to witness larger growth in the mobile cardiac telemetry monitor and ECG devices segments due to a rise in cardiovascular diseases, higher speed, and efficiency due to tech advancements. The respiratory devices segment is subdivided into pulse oximeters, capnographs, peak flow meters, and spirometers. The capnography segment will grow due to the need during anesthesia, and the pulse oximeter segment will grow due to innovative product development. The neuromonitoring device market is further divided into cerebral oximeters, EEG, electromyograph, intracranial pressure monitors, and magnetoencephalography machines, where the EEG segment will grow more due to higher occurrence of neurological disorders and growing R&D. The cerebral oximeters segment will also grow for providing real-time data through non-invasive process. The multi-parameter monitoring device segment is subdivided into low-acuity monitors, mid-acuity monitors, and high-acuity monitors, where the low-acuity monitors segment will grow more due to low cost and benefits. The fetal monitoring device segment will grow more due to growing awareness of fetal care in emerging countries.

Insight by End User

The global patient monitoring device market is divided by end users into ambulatory surgical centers, home settings, hospitals, and clinics. Out of these segments, the hospitals and clinic sector will grow more due to better infrastructure and a growing number of chronic diseases. Also, in hospitals and clinics, the demand for patient monitoring devices is growing due to the innovation drive in healthcare. The demand for monitoring technologies in this sector is also growing due to the seamless integration of these devices into clinical workflows that help in providing better patient care, analyzing real-time data, and offering timely interventions. Furthermore, the rising adoption of digital transformation by hospitals and clinics, the continual expansion and adoption of sophisticated monitoring solutions to cater to diverse medical needs, and the ability to provide better outcomes due to higher efficiency across healthcare settings promote the growth of this segment.

Global Patient Monitoring Device Market Report Coverage

Industry Dynamics

Industry Trends

There has been an increasing preference for remote patient monitoring in the past few years and its adoption. In addition, there is also a growing prevalence of chronic conditions, especially among the elderly population. Also, rapid technological developments in patient monitoring devices have promoted better services provided by complex healthcare environments.

Growth Drivers

The global patient monitoring device market growth is attributed to growing incidents of lifestyle-related diseases among people. It is also the result of the growing demand for remote patient monitoring, higher implementation, rising preference for non-hospital settings, and widespread availability of different products. Moreover, the growth of the market is further attributed to the growing demand for these devices in non-hospital and remote settings. The growing awareness among people and their increasing expenditure in healthcare.

Opportunities

Growth opportunities for the global patient monitoring device market are presented by the adoption of advanced technologies such as artificial intelligence and machine learning for improved performance in predictive analytics and early detection and by offering customized treatment recommendations.

Geographic Overview

North America leads the market due to the large number of chronic patients, the occurrence of lifestyle-related diseases, and the growing aging population. Also, technological progress in patient monitoring devices and better healthcare infrastructure, as well as growing expenditure in healthcare, contribute to the growth in this region.

The Asia-Pacific market will grow at a faster rate due to higher healthcare expenditure, growing health awareness among the public, and a rise in the number of chronic and lifestyle-related diseases.

Competitive Insight

Medtronic plc is an American-Irish medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota. Companies' market-leading technology has been tested and verified to help predict potential adverse events, so clinicians can respond earlier. 

Edwards Lifesciences is an American medical technology company headquartered in Irvine, California, that specializes in artificial heart valves and hemodynamic monitoring. It developed the SAPIEN transcatheter aortic heart valve made of cow tissue within a balloon-expandable, cobalt-chromium frame, deployed via the catheter.

Key players in the patient monitoring device market are catering the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron, and GE Healthcare are the key players offering patient monitoring devices.

Recent Developments by the Key Players

Medable (clinical trial technology provider) collaborated with Masimo (wearable device firm) to integrate its pulse oximeter technology into clinical trials. With this partnership, Masimo’s MightySat Rx pulse oximeter wearable device can be used in clinical trials by any sponsor, with the device now available for approximately 3000 patients in 25 countries across two oncology indications that are lung and breast cancer.

Royal Philips (a global leader in health technology) and Nicklaus Children’s Health System (a nationally recognized leader in pediatric care) collaborated for 10 years that shall focusing on enhancing the patient and staff experience, enhancing outcomes, and driving innovation in pediatric care. Nicklaus Children’s serves over 500,000 patients a year, that shall adopt Philips technologies such as the Ingenia Ambition X MR and EPIQ CVx ultrasound, with AI-enabled radiology workflow solutions to reduce exam times and the need for rescans, while increasing diagnostic confidence, resulting in faster diagnosis and treatment for patients. 

The Patient Monitoring Device Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Product 
  • Cardiac Monitoring Devices
  • Neuromonitoring Devices
  • Respiratory Monitoring Devices
  • Hemodynamic Monitoring Devices
  • Multi-Parameter Monitoring Devices
  • Temperature Monitoring Devices
  • Fetal and Neonatal Monitoring Device
  • Weight Monitoring Devices
• By End User
  • Ambulatory Surgical Centers
  • Home Settings
  • Hospitals and Clinics

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Product 
                1.2.2.    By End User                 
                1.2.5.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Product
                5.1.1.    Cardiac Monitoring Devices
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Neuromonitoring Devices
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Respiratory Monitoring Devices
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030  
                5.1.4.    Hemodynamic Monitoring Devices
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030
                5.1.5.    Multi-Parameter Monitoring Devices
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030  
                5.1.6.    Temperature Monitoring Devices
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030
                5.1.7.    Fetal and Neonatal Monitoring Device
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030 
                5.1.8.    Weight Monitoring Devices
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030       
        5.2.    By End User
                5.2.1.    Ambulatory Surgical Centers
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Home Settings
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Hospitals and Clinics
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030          
        
6.    North America Market Estimate and Forecast

        6.1.    By Product
        6.2.    By End User       
        6.5.    By Country – U.S., Canada, and Mexico
                6.5.1.    U.S. Market Estimate and Forecast
                6.5.2.    Canada Market Estimate and Forecast
                6.5.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Product
        7.2.    By End User       
        7.5.    By Country – U.S., Canada, and Mexico
                7.5.1.    Germany Market Estimate and Forecast
                7.5.2.    France Market Estimate and Forecast
                7.5.3.    U.K. Market Estimate and Forecast
                7.5.4.    Italy Market Estimate and Forecast
                7.5.5.    Spain Market Estimate and Forecast
                7.5.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Product
        8.2.    By End User       
        8.5.    By Country – U.S., Canada, and Mexico
                8.5.1.    China Market Estimate and Forecast
                8.5.2.    Japan Market Estimate and Forecast
                8.5.3.    India Market Estimate and Forecast
                8.5.4.    South Korea Market Estimate and Forecast
                8.5.5.    Singapore Market Estimate and Forecast
                8.5.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Product
        9.2.    By End User       
        9.5.    By Country – U.S., Canada, and Mexico
                9.5.1.    Brazil Market Estimate and Forecast
                9.5.2.    Saudi Arabia Market Estimate and Forecast
                9.5.3.    South Africa Market Estimate and Forecast
                9.5.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Medtronic PLC
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Edward Lifesciences
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Natus Medical
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Masimo
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Koninklijke Philip
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Nihon Kohden
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Hill-Rom
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Drägerwerk AG
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Omron
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments 
        10.10.   GE Healthcare
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Patient Monitoring Device Market, By Product, 2018-2023 (USD Billion)
Table 5 Global Patient Monitoring Device Market, By Product, 2025-2030 (USD Billion)
Table 6 Global Patient Monitoring Device Market, By End User, 2018-2023 (USD Billion)
Table 7 Global Patient Monitoring Device Market, By End User, 2025-2030 (USD Billion)
Table 8 Global Patient Monitoring Device Market, By Region, 2018-2023 (USD Billion)
Table 9 Global Patient Monitoring Device Market, By Region, 2025-2030 (USD Billion)
Table 10 North America Patient Monitoring Device Market, By Product, 2018-2023 (USD Billion)
Table 11 North America Patient Monitoring Device Market, By Product, 2025-2030 (USD Billion)
Table 12 North America Patient Monitoring Device Market, By End User, 2018-2023 (USD Billion)
Table 13 North America Patient Monitoring Device Market, By End User, 2025-2030 (USD Billion)
Table 14 North America Patient Monitoring Device Market, By Region, 2018-2023 (USD Billion)
Table 15 North America Patient Monitoring Device Market, By Region, 2025-2030 (USD Billion)
Table 16 Europe Patient Monitoring Device Market, By Product, 2018-2023 (USD Billion)
Table 17 Europe Patient Monitoring Device Market, By Product, 2025-2030 (USD Billion)
Table 18 Europe Patient Monitoring Device Market, By End User, 2018-2023 (USD Billion)
Table 19 Europe Patient Monitoring Device Market, By End User, 2025-2030 (USD Billion)
Table 20 Europe Patient Monitoring Device Market, By Region, 2018-2023 (USD Billion)
Table 21 Europe Patient Monitoring Device Market, By Region, 2025-2030 (USD Billion)
Table 22 Asia-Pacific Patient Monitoring Device Market, By Product, 2018-2023 (USD Billion)
Table 23 Asia-Pacific Patient Monitoring Device Market, By Product, 2025-2030 (USD Billion)
Table 24 Asia-Pacific Patient Monitoring Device Market, By End User, 2018-2023 (USD Billion)
Table 25 Asia-Pacific Patient Monitoring Device Market, By End User, 2025-2030 (USD Billion)
Table 26 Asia-Pacific Patient Monitoring Device Market, By Region, 2018-2023 (USD Billion)
Table 27 Asia-Pacific Patient Monitoring Device Market, By Region, 2025-2030 (USD Billion)
Table 28  RoW Patient Monitoring Device Market, By Product, 2018-2023 (USD Billion)
Table 29  RoW Patient Monitoring Device Market, By Product, 2025-2030 (USD Billion)
Table 30  RoW Patient Monitoring Device Market, By End User, 2018-2023 (USD Billion)
Table 31  RoW Patient Monitoring Device Market, By End User, 2025-2030 (USD Billion)
Table 32  RoW Patient Monitoring Device Market, By Region, 2018-2023 (USD Billion)
Table 33  RoW Patient Monitoring Device Market, By Region, 2025-2030 (USD Billion)
Table 34 Snapshot – Becton
Table 35 Snapshot – Dickinson and Company
Table 36 Snapshot – STERIS
Table 37 Snapshot – DXC Technology Company
Table 38 Snapshot – Cerner Corporation
Table 39 Snapshot – Allscripts Healthcare Solutions
Table 40 Snapshot – Omnicell
Table 41 Snapshot – McKesson Corporation
Table 42 Snapshot – GE Healthcare
Table 43 Snapshot – Optum
Table 44 Snapshot – Nexus AG
Table 45 Snapshot – Getinge
Table 46 Snapshot – Surgical Information Systems 

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Patient Monitoring Device Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Patient Monitoring Device Market Highlight
Figure 12 Global Patient Monitoring Device Market, By Product, 2018 - 2030 (USD Billion)
Figure 13 Global Patient Monitoring Device Market, By End User, 2018 - 2030 (USD Billion)
Figure 14 Global Patient Monitoring Device Market, By Region, 2018 - 2030 (USD Billion)
Figure 15 North America Patient Monitoring Device Market Highlight
Figure 16 North America Patient Monitoring Device Market, By Product, 2018 - 2030 (USD Billion)
Figure 17 North America Patient Monitoring Device Market, By End User, 2018 - 2030 (USD Billion)
Figure 18 North America Patient Monitoring Device Market, By Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Patient Monitoring Device Market Highlight
Figure 20 Europe Patient Monitoring Device Market, By Product, 2018 - 2030 (USD Billion)
Figure 21 Europe Patient Monitoring Device Market, By End User, 2018 - 2030 (USD Billion)
Figure 22 Europe Patient Monitoring Device Market, By Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Patient Monitoring Device Market Highlight
Figure 24 Asia-Pacific Patient Monitoring Device Market, By Product, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Patient Monitoring Device Market, By End User, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Patient Monitoring Device Market, By Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Patient Monitoring Device Market Highlight
Figure 28 RoW Patient Monitoring Device Market, By Product, 2018 - 2030 (USD Billion)
Figure 29 RoW Patient Monitoring Device Market, By End User, 2018 - 2030 (USD Billion)
Figure 30 RoW Patient Monitoring Device Market, By Region, 2018 - 2030 (USD Billion)