Global Patient Monitoring Device Market Report By Product (Blood Glucose Monitoring Systems (Self-monitoring Blood Glucose Systems, Continuous Glucose Monitoring Systems), Cardiac Monitoring Devices (ECG Devices, Implantable Loop Recorders, Event Monitors, Mobile Cardiac Telemetry Monitors, Smart/Wearable ECG Monitors), Multi-parameter Monitoring Devices (Low-acuity, Mid-acuity, High-acuity), Respiratory (Pulse Oximeters, Spirometers, Capnographs, Peak Flow Meters), Temperature Monitoring Devices (Handheld Temperature, Table-top Temperature, Wearable Continuous, Invasive Temperature, Smart Temperature), Hemodynamic/Pressure (Hemodynamic Monitors, Blood Pressure Monitors, Disposables), Fetal & Neonatal Monitoring Devices (Fetal Monitoring Devices, Neonatal Monitoring Devices), Neuromonitoring Devices (Electroencephalograph Machines, Electromyography Machines, Cerebral Oximeters, Intracranial Pressure Monitors, Magnetoencephalograph Machines, Transcranial Doppler Machines), Weight Monitoring Devices (Digital, Analog), Other Patient Monitoring Devices), By End-use (Hospitals, Ambulatory Surgery Centers, Home Care Settings, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Patient Monitoring Device Market is presumed to reach the market size of nearly USD 96.98 Billion by 2032 from USD 54.1 Billion in 2023 with a CAGR of 6.7% under the study period 2024 - 2032. 

Patient monitoring devices are able to monitor blood pressure, oxygen saturation, temperature, pulse, pain, urine output, level of consciousness, and respiration rate. The aforementioned parameters are monitored to analyze the health of patients. Patient monitoring devices are utilized during major and minor surgeries to examine the patient's body functions and related complications. Nowadays, owing to the technological advancements in wireless technology these devices can also remotely monitor the physiological parameters of patients. These devices are an essential part of hospitals and clinics as they help medical examiners to determine the intensity of a disease. Moreover, patient monitoring devices are able to detect and monitor the health conditions of patients suffering from diabetes and cardiovascular diseases.
 
Market Dynamics
 
Growing incidences of chronic diseases owing to lifestyle changes coupled with rise in geriatric population and increasing preference for home and remote monitoring, fuels the patient monitoring devices market growth. According to the research study by World Health Organization, it is estimated that 17.9 million people died from cardiovascular diseases in 2016 globally. 85% of these deaths are due to stroke and heart attacks. Two out of three people in retirement age are anticipated to suffer from two chronic conditions, according to the study by World Health Organization.
 
Growing frequency of chronic and cardiovascular diseases is attributed to the aging society coupled with change in lifestyle preferences including smoking, alcohol consumption, unhealthy diet and sedentary lifestyles. WHO research reveals that total cardiovascular disease population is expected to increase in the future, if no actions are taken to inhibit the increasing chronic disease cases. According to European Commission, 70% of the health care budges are spent on chronic disease in the European region. Patient monitoring devices can identify and detect minute differences in the patient's physiological data, thereby promoting self monitoring. Therefore, increasing incidents of chronic diseases and government initiatives to eliminate its growth propels the global patient monitoring accessories market growth. However, high cost of these technologies negatively impacts the market progression. The technological advancements and innovation in the devices is expected to enhance the opportunities for the market in the coming years.
 
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of patient monitoring device. 
 
Market Segmentation
 
The study offers a decisive view of the global patient monitoring device market by segmenting it terms of product and end-user. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.

By Product

• Blood Glucose Monitoring Systems (Self-monitoring Blood Glucose Systems, Continuous Glucose Monitoring Systems)
• Cardiac Monitoring Devices (ECG Devices, Implantable Loop Recorders, Event Monitors, Mobile Cardiac Telemetry Monitors, Smart/Wearable ECG Monitors)
• Multi-parameter Monitoring Devices (Low-acuity, Mid-acuity, High-acuity) 
• Respiratory (Pulse Oximeters, Spirometers, Capnographs, Peak Flow Meters)
• Temperature Monitoring Devices (Handheld Temperature, Table-top Temperature, Wearable Continuous, Invasive Temperature, Smart Temperature)
• Hemodynamic/Pressure (Hemodynamic Monitors, Blood Pressure Monitors, Disposables)
• Fetal & Neonatal Monitoring Devices (Fetal Monitoring Devices, Neonatal Monitoring Devices)
• Neuromonitoring Devices (Electroencephalograph Machines, Electromyography Machines, Cerebral Oximeters, Intracranial Pressure Monitors, Magnetoencephalograph Machines, Transcranial Doppler Machines)
• Weight Monitoring Devices (Digital, Analog)
• Other Patient Monitoring Devices

By End-use

• Hospitals
• Ambulatory Surgery Centers
• Home Care Settings
• Other

Regional Analysis
 
This section covers patient monitoring device market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global patient monitoring device market along with the individual application segment across all the prominent region.
 
Global Patient Monitoring Device Market Share by Region (Representative Graph)
 

 
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Patient Monitoring Device market are Bosch, Biotronik, Intel, Welch Allyn, Health anywhere Inc., Koninklijke Philips N.V., GE Healthcare, Medtronic, Masimo Corporation, Smiths Medical. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.