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Technological Advancements Drive Growth In Physiological Monitors Market Trend: A Crucial Influence on the Physiological Monitors Market's Transformation in 2025
Physiological Monitors Market Size
The physiological monitors market has grown rapidly in recent years. It will rise from $103.11 billion in 2024 to $115.05 billion in 2025, at a CAGR of 11.6%. The growth can be attributed to the aging population, chronic disease management, patient-centric healthcare models, the integration of electronic health records (EHR), and the rise of IoT and connectivity.
The physiological monitors market is set to experience rapid growth in the next few years, projected to reach $176.77 billion by 2029, with a CAGR of 11.3%. This growth is attributed to the integration of AI and data analytics, focus on preventive healthcare, the expansion of telehealth, trends in home healthcare, and global health challenges. Key trends include the adoption of wearable technology, technological miniaturization, remote patient monitoring, non-invasive monitoring technologies, and advancements in healthcare technology.
What Factors Are Fueling Growth in the Physiological Monitors Market?
The rising incidence of chronic diseases is projected to propel the physiological monitors market in the years ahead. Chronic diseases are long-term health conditions that persist for at least a year, often requiring continuous medical attention. Physiological monitors assist in managing chronic diseases by providing real-time health data, enabling timely medical interventions and personalized treatment plans. For example, in January 2023, the National Institutes of Health, a U.S.-based government agency, estimated that by 2035, 35.66% (range: 33.36%-36.04%) of adults aged 50 and older will have at least one chronic condition, a figure expected to rise to 47.81% (range: 46.09%-49.71%) by 2050. Thus, the increasing prevalence of chronic diseases is driving the growth of the physiological monitors market.
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Which Leading Companies Are Shaping the Growth of the Physiological Monitors Market?
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.
What Are the Major Trends Shaping the Physiological Monitors Market?
Market leaders in the physiological monitors industry are enhancing patient care by introducing wireless patient monitoring systems. These systems allow for continuous monitoring of vital signs, such as heart rate, blood pressure, and oxygen levels, without the need for cables. In June 2022, GE Healthcare Technologies Inc. introduced Portrait Mobile, a wearable sensor system designed to detect patient deterioration at an early stage. Portrait Mobile collects real-time patient data, enabling clinicians to monitor health conditions remotely and respond quickly to changes, ultimately improving patient outcomes.
What Are the Key Segments of the Physiological Monitors Market?
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
Subsegments:
1) By Hemodynamic Monitoring Devices: Invasive Hemodynamic Monitors, Non-Invasive Hemodynamic Monitors
2) By Neuromonitoring Devices: EEG Monitors, Intracranial Pressure Monitors, Brain Function Monitors
3) By Cardiac Monitoring Devices: ECG Monitors, Holter Monitors, Implantable Cardiac Monitors
4) By Respiratory Monitoring Devices: Pulse Oximeters, Capnometers, Spirometers
5) By Other Types: Temperature Monitors, Blood Glucose Monitors, Multivariable Monitors
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Which Region Dominates the Physiological Monitors Market?
North America was the largest region in the physiological monitors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physiological monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Physiological Monitors Global Market Report?
- Market Size Analysis: Analyze the Physiological Monitors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Physiological Monitors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Physiological Monitors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Physiological Monitors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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