Physiological Monitors Market 2024 | Market Share, Size, Industry Growth, Competitive Landscape, Share & Forecast To 2033

The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Physiological Monitors Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The physiological monitors market size has grown rapidly in recent years. It will grow from $92.32 billion in 2023 to $103.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to aging population, chronic disease management, patient-centric healthcare, integration with electronic health records (ehr), iot and connectivity.

The physiological monitors market size is expected to see rapid growth in the next few years. It will grow to $158.62 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to ai and data analytics integration, focus on preventive healthcare, telehealth expansion, home healthcare trends, global health challenges. Major trends in the forecast period include wearable technology adoption, technological miniaturization, remote patient monitoring. advancements in healthcare technology, non-invasive monitoring technologies.

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Key Market Players:

Major companies operating in the physiological monitors market report are F. Hoffmann-La Roche Ltd., Panasonic Corporation, Abbott Laboratories, Honeywell International Inc., Medtronic plc, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company (BD), Philips Healthcare, General Electric Company (GE Healthcare), Baxter International Inc., Boston Scientific Corporation, OMRON Healthcare Co. Ltd., Edwards Lifesciences Corporation, Mindray Medical International Ltd., Smiths Medical, Hill-Rom Holdings Inc., Masimo Corporation, Nihon Kohden Corporation, OSI Systems Inc., Spacelabs Healthcare, Kontron AG, Welch Allyn, Natus Medical Incorporated, A&D Company Limited, Owlet Baby Care, Nonin Medical Inc., CAS Medical Systems Inc.

Market Drivers:

The rising prevalence of chronic diseases is expected to propel the growth of the physiological monitors market going forward. A chronic disease is a health issue or condition with long-lasting symptoms lasting for at least a year. Physiological monitors aid in managing the prevalence of chronic diseases by providing real-time health data, enabling timely interventions and personalized care for individuals with chronic conditions. For instance, in January 2023, according to the National Institutes of Health (NIH), a US-based government agency, the prevalence of chronic diseases among the U.S. population aged 50 years and older is projected to increase by 99.5%, reaching 142.66 million individuals by 2050, reflecting a significant increase from the 71.522 million reported in 2020. Therefore, the rising prevalence of chronic diseases drives the growth of the physiological monitors market.

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The physiological monitors market covered in this report is segmented -

1) By Type: Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Other Types
2) By Application: Cardiology, Neurology, Respiratory, Fetal And Neonatal, Weight Management And Fitness Monitoring, Other Applications
3) By End User: Hospital, Clinic, Other End Users

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