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Physiological Monitors Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Physiological Monitors 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 Physiological Monitors Market?
The market size for physiological monitors has seen a swift expansion in the past few years. The boost in its value is predicted to go from $103.11 billion in 2024 to $115.05 billion in 2025, with a compound annual growth rate (CAGR) of 11.6%. This growth during the historic period is being credited to factors such as an aging population, management of chronic diseases, a healthcare system centered around the patient, incorporation with electronic health records (EHR), along with IoT and connectivity.
The market size of physiological monitors is anticipated to expand swiftly in the forthcoming years, reaching a value of $176.77 billion by 2029 with a compound annual growth rate (CAGR) of 11.3%. This expected growth in the forecast period can be attributed to the integration of ai and data analytics, the emphasis on preventive healthcare, the expansion of telehealth, home healthcare trends, and worldwide health challenges. Some significant trends during this forecast period are the adoption of wearable technology, the miniaturization of technology, remote patient monitoring, advancements in healthcare technology, and the use of non-invasive monitoring technologies.
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What Are the Different Physiological Monitors Market Segments?
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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What Are the Primary Drivers Shaping the Physiological Monitors Market?
The growth of the physiological monitors market is anticipated to be driven by the increasing incidence of chronic diseases. Chronic diseases are health problems or conditions that have symptoms persisting for a minimum period of one year. By providing real-time health information, physiological monitors are instrumental in managing the occurrence of these long-term diseases, thus facilitating early interventions and customized care for those living with chronic disorders. For example, as projected by the National Institutes of Health, a government agency based in the US, by 2035, at least one chronic condition will be present in 35.66% (range: 33.36-36.04) of adults 50 years old and above, a statistic projected to increase to 47.81% (range: 46.09-49.71) by 2050. Consequently, the escalating incidence of chronic diseases stimulates the expansion of the physiological monitors market.
Which Companies Are Leading in 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 inson 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?
Key companies in the physiological monitors market are homing in on creating advanced solutions like wireless patient monitoring systems to stay competitive. This innovative system does away with wires or cables to constantly keep track of a patient's vital signs, such as heart rate, blood pressure, oxygen saturation, and more. For example, GE Healthcare Technologies Inc., an American medical technology company, introduced Portrait Mobile in June 2022. The system's purpose is to aid clinicians in detecting an early deterioration in a patient's condition and enhance patient outcomes. Wearable sensors positioned on the patient's body by Portrait Mobile collate data on their vital signs including heart rate, blood pressure, oxygen saturation, and respiration rate. This offers uninterrupted monitoring of a patient's vital signs enabling clinicians to identify changes in a patient's situation more rapidly.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Physiological Monitors Market?
2. What is the CAGR expected in the Physiological Monitors Market?
3. What Are the Key Innovations Transforming the Physiological Monitors Industry?
4. Which Region Is Leading the Physiological Monitors Market?
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