Patient Monitoring Devices Market Size Report 2030 | DelveInsight

DelveInsight's Patient Monitoring Devices Market Insights Report 2030 provides the current and forecast market analysis, individual leading companies market shares, challenges, Market Drivers, barriers, trends, and key Patient Monitoring Devices companies in the market.

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Key Takeaways from the Patient Monitoring Devices Market Report
• In August 2025, iRhythm Technologies Inc. announced a study is to see if the Zio® monitor device can be worn by children for up to 14-days and to determine if the skin preparation process will provide good adherence to the skin and clear signal quality. The Zio® monitor (Study Device) is an adhesive patch that is worn on the upper left chest for a specified period of time and is similar to a band aid. The Study Device contains a battery-powered heart monitor and will look at the heart rhythm and rate.
• The global patient monitoring devices market was valued at USD 35.21 billion in 2023, growing at a CAGR of 8.20% during the forecast period from 2024 to 2030, in order to reach USD 56.46 billion by 2030.
• Among all the regions, North America is expected to hold a major share in the overall patient monitoring devices market in the year 2021.
• The leading Patient Monitoring Devices Companies such as Medtronic plc, GE Healthcare, Philips Healthcare, Abbott Laboratories, Siemens Healthineers, Nihon Kohden Corporation, Masimo Corporation, Omron Healthcare Co., Ltd., Smiths Medical, Hillrom, Welch Allyn, Inc., Natus Medical Incorporated, Mindray Medical International Limited, Nonin Medical, Inc., Spacelabs Healthcare, and others.

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Patient Monitoring Devices Market Dynamics
The market for patient monitoring devices is likely to observe a stellar growth owing to the surge in the population suffering from various chronic disorders such as cardiovascular disorder, diabetes, cancer, and others across the globe. This is because monitoring of these diseases at a regular interval is very necessary for the proper management of disorders and to restrict the progression of the same. For instance, regular blood glucose monitoring through glucose monitoring devices among the diabetic patients is an essential tool to keep a check on the glucose level in the patient's blood, thus helping the patients to manage the disorder and also prevent the development of various other diabetes-associated disorders such as kidney problems, eye disorders, among others.

Patient Monitoring Devices Market Segment Analysis
Patient Monitoring Devices Market By Type Of Devices (Neuromonitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Hemodynamic Monitoring Devices, Blood Glucose Monitoring Systems, and Others), By Application (Cardiology, Neurology, Respiratory, and Others), By End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Homecare Settings, and Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World).

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Patient Monitoring Devices Companies
Medtronic plc, GE Healthcare, Philips Healthcare, Abbott Laboratories, Siemens Healthineers, Nihon Kohden Corporation, Masimo Corporation, Omron Healthcare Co., Ltd., Smiths Medical, Hillrom, Welch Allyn, Inc., Natus Medical Incorporated, Mindray Medical International Limited, Nonin Medical, Inc., Spacelabs Healthcare, and others.

Patient Monitoring Devices Market Drivers
The escalating demand for patient monitoring devices is primarily attributed to the increase in the prevalence of various chronic and lifestyle-associated disorders. Moreover, the sudden outbreak of the COVID-19 pandemic has also contributed to the patient monitoring devices market. Additionally, the growing preferences for remote patient monitoring systems among the patient and healthcare providers, increase in technological advancement in the product arena, and rise in the approval of various patient monitoring devices in the current year, among others are also some of the factors responsible for potentially increasing the global patient monitoring devices market during the forecast period (2024-2030).

Patient Monitoring Devices Market Insights
The patient monitoring equipment market is rapidly growing, offering advanced devices that enable continuous health tracking, early detection of complications, and timely interventions, significantly improving patient safety and treatment outcomes worldwide. Wireless patient monitoring enables real-time health tracking without physical restraints, similar to traditional patient monitoring devices, but offers greater mobility, flexibility, and continuous data transmission for improved patient care and outcomes. Moreover, the rising trend of telemedicine in the healthcare system and the growing preference for remote patient monitoring among the patients and healthcare providers are also expected to increase the adoption of technologically advanced patient monitoring products. Owing to the increase in the demand for remote patient monitoring devices, the manufacturers are also shifting their focus on developing patient monitoring devices integrated with the internet of medical things (IoMT) or smart patient monitoring devices.

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Scope of the Patient Monitoring Devices Market Report
• Coverage- Global
• Forecast Period- 2024- 2030
• Patient Monitoring Devices Companies- Medtronic plc, GE Healthcare, Philips Healthcare, Abbott Laboratories, Siemens Healthineers, Nihon Kohden Corporation, Masimo Corporation, Omron Healthcare Co., Ltd., Smiths Medical, Hillrom, Welch Allyn, Inc., Natus Medical Incorporated, Mindray Medical International Limited, Nonin Medical, Inc., Spacelabs Healthcare, and others.

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