From GlobeNewswire: 2025-03-28 09:40:00

The global Patient Monitoring Devices Market reached USD 48.03 billion in 2023, projected to hit USD 93.53 billion by 2032 with a CAGR of 7.71%. Factors like chronic disease prevalence, demand for remote monitoring, and AI-driven healthcare solutions are driving market growth.

Patient monitoring devices play a vital role in modern healthcare by enabling constant vital sign monitoring for early health issue detection. Factors like increasing chronic diseases, aging populations, and technological advancements contribute to the growing demand for these devices.

In the US, the adoption of cutting-edge healthcare tech and a strong infrastructure have fueled the growth of patient monitoring devices. Value-based care, digital health integration, wearable monitoring devices, and remote healthcare services have also boosted market growth.

In 2023, multi-parameter patient monitoring devices held 21% of global market revenue, offering comprehensive patient evaluations by monitoring multiple vital signs simultaneously. Cardiology monitoring devices are expected to grow due to rising cardiovascular diseases and increased awareness of heart health.

Hospitals led the patient monitoring devices market in 2023, accounting for over 49.6% of revenue. The demand for continuous patient monitoring and intelligent solutions in critical care units has strengthened hospitals’ position. Home care segment is projected to grow due to increased demand for home-based healthcare solutions and portable monitoring equipment.

North America dominated the market in 2023 with over 40% of global revenue, driven by advanced healthcare infrastructure and high penetration of medical technologies. Asia-Pacific is expected to witness the highest growth, fueled by increased healthcare spending, chronic disease management awareness, and enhanced healthcare infrastructure. The global patient monitoring devices market is experiencing growth due to increased use of telemedicine and digital health solutions. Recent developments include new remote monitoring hardware and real-time patient tracking systems in hospitals. Wearable devices like smart rings and biosensors are also gaining popularity, catering to different healthcare needs. Statistical insights show a rise in chronic illnesses driving demand, with North America leading in prescription rates and healthcare spending. The Asia-Pacific region is expected to see a significant increase in patient monitoring device volume. Wearable and remote monitoring devices are being adopted more in developed markets, indicating a shift towards personalized healthcare solutions.



Read more at GlobeNewswire: Patient Monitoring Devices Market Size to Hit USD 93.53