Surging Global Demand For Remote Monitoring Drives Growth In The Digital Health Monitoring Devices Market: An Emerging Driver Transforming The Digital Health Monitoring Devices Market Landscape

The Digital Health Monitoring Devices Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Digital Health Monitoring Devices Market?
Over the past few years, the digital health monitoring devices market has experienced substantial growth. It is poised to expand from $6.58 billion in 2024 to $7.8 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 18.6%. The significant growth observed during the historic period can be associated with factors such as clinical research, the establishment of regulatory frameworks, patient involvement and empowerment, and the integration of the Internet of Things (IoT).

The market size for digital health monitoring devices is predicted to experience a substantial expansion in the coming years, reaching a value of $17.07 billion in 2029, with a compound annual growth rate (CAGR) of 21.6%. The anticipated growth in the forecast period can be associated with the rising prevalence of chronic conditions, patient-oriented care and self-management, emphasis on preventive healthcare, increasing consciousness about health and fitness, as well as advancements in remote diagnostics and decision support. Key trends transcending in the forecast period comprise progress in wearable technology, remote patient monitoring (rpm), the acceptance of telemedicine and telehealth, and internet of things (IoT) integration.

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What Are the Different Digital Health Monitoring Devices Market Segments?
The digital health monitoring devices market covered in this report is segmented -

1) By Type: Tele-Health, EHR Or EMR, M-Health, Wireless Health, Remote Patient Monitoring
2) By Product Type: Device, Software, Services, Other Products
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings, Other End-users

Subsegments:
1) By Tele-Health: Video Consultation Tools, Telemedicine Platforms, Remote Diagnosis Systems
2) By EHR Or EMR (Electronic Health Records Or Electronic Medical Records): Cloud-Based EHR Or EMR Solutions, On-Premises EHR Or EMR Solutions, Interoperability Tools
3) By M-Health (Mobile Health): Health And Fitness Apps, Mobile Patient Engagement Tools, Medication Management Apps
4) By Wireless Health: Wireless Health Monitoring Devices, Wearable Health Trackers, Wireless Patient Communication Devices
5) By Remote Patient Monitoring: Home Monitoring Devices, Chronic Disease Management Tools, Wearable Biosensors

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What Are the Primary Drivers Shaping the Digital Health Monitoring Devices Market?
An increase in the global desire for remote monitoring is anticipated to fuel the expansion of the digital health monitoring devices market. These remote monitoring devices are used in healthcare to record and oversee patients' health at home. They allow medical personnel to digitally document and monitor health data for patient evaluation, advice, and directives. For example, the Department of Health and Social Care, a government agency in the UK, announced in June 2022 that another half a million people could benefit from remote monitoring by March 2023. Within the last year, more than 280,000 people with chronic illnesses have successfully used remote monitoring at home and in care facilities. As such, the increasing demand for remote monitoring devices is a key contributor to the growth of the digital health monitoring devices market.

Which Companies Are Leading in the Digital Health Monitoring Devices Market?
Major companies operating in the digital health monitoring devices market are Philips Healthcare, Medtronic, GE Healthcare, Abbott Laboratories, Omron Healthcare, Fitbit (now part of Google), Garmin, Dexcom, Withings, Apple Inc., Masimo Corporation, iHealth Labs, AliveCor, Qardio, Huawei Technologies, Xiaomi Inc., Polar Electro, ResMed, Boston Scientific, Biotronik, Becton, Dickinson and Company (BD), Nihon Kohden, Siemens Healthineers, Mindray, Spacelabs Healthcare, Schiller AG, Nonin Medical, Honeywell Life Sciences

What Are the Major Trends Shaping the Digital Health Monitoring Devices Market?
Advancements in technology are becoming a leading trend in the field of digital health monitoring devices. Firms operating in this sector are concentrating on employing clinical innovation for tracking patients' health while also enhancing their competitive position in the market. As an example, the American company Prevounce Health, known for its remote care management software, devices, and services, introduced the Pylo GL1-LTE remote blood glucose monitoring device in June 2024. The Pylo GL1-LTE blood glucose measuring device, which has been clinically confirmed, connects to numerous cellular networks throughout the United States to guarantee consistent data transmission. It syncs with the Prevounce remote care management system and can interface with other health apps through the Pylo cloud API. The GL1-LTE, part of the Pylo line that includes cellular-connected blood pressure monitors and weight scales, is tailored for diabetes patients participating in remote patient monitoring (RPM) programs. The device uses roaming 4G connectivity for hassle-free, secure real-time transmission of readings to healthcare teams.

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What Are the Top Revenue-Generating Geographies in the Digital Health Monitoring Devices Market?
North America was the largest region in the digital health monitoring devices market share in 2024. The regions covered in the digital health monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Health Monitoring Devices Market?
2. What is the CAGR expected in the Digital Health Monitoring Devices Market?
3. What Are the Key Innovations Transforming the Digital Health Monitoring Devices Industry?
4. Which Region Is Leading the Digital Health Monitoring Devices Market?

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