Patient monitoring devices market is anticipated to grow at a significant CAGR of 14.6% during the forecast period (2024-2031).The growth of the patient monitoring devices market is attributed to the increasing demand for wireless monitoring devices and miniaturization and portability globally. Surgical treatment carried out within hospital or clinical confines requires the use of patient monitoring devices. The surgeon needs continuous access to the patient’s vital signs to minimize the risk of an adverse event occurring during the procedure. Following an operation, a number of these similar monitoring devices are utilized by physicians, nurses, and other healthcare professionals to ensure a smooth post-operative recovery.
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Artificial intelligence (AI) in the healthcare sector evaluates large datasets, forecasts outcomes, and offers insightful information that helps physicians manage patients. It facilitates the automation of tedious processes, such as the processing of medical images, and aids in the identification of trends and connections in-patient data, which eventually results in more precise diagnoses and higher standards of care. Smart watches and biosensors are instances of wearable medical technology with AI/ML capabilities that continuously track a patient’s vital signs, including blood pressure, glucose levels, and heart rate. Additionally, they can immediately inform patients and healthcare professionals of any abnormalities in real-time.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Patient Monitoring Devices Market by Product
- Blood Glucose Monitoring Systems
- Cardiac Monitoring Devices
- Multi-parameter Monitoring Devices.
- Respiratory Monitoring Devices
- Temperature Monitoring Devices
- Hemodynamic/Pressure Monitoring Devices
- Other (Fetal & Neonatal Monitoring Devices, Weight Monitoring Devices)
Global Patient Monitoring Devices Market by End-Users
- Hospitals
- Ambulatory Surgery Centers
- Home Care Settings
- Others (Clinics)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Baxter International Inc.
- Becton, Dickinson, and Company
- Boston Scientific Corp.
- Criticare Systems, Inc.
- Drägerwerk AG & Co. KGaA
- Edwards Lifesciences Corp.
- GE HealthCare Technologies Inc.
- Hill-Rom Holdings, Inc.
- LivaNova, PLC
- Masimo Corp.
- Mindray Medical International Ltd.
- Natus Medical Inc.
- Nihon Kohden Corp.
- Nonin Medical, Inc.
- OMRON Healthcare Co., Ltd.
- OSI Systems, Inc.
- Siemens Healthineers
- Smiths Medical, Inc.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global patient monitoring devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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