Global Digital Patient Monitoring Devices Market to Reach USD 773.7 Billion by 2033, Impelled by Expanding Healthcare Industry

November 19, 2024 | Healthcare

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The latest report by IMARC Group, titled "Digital Patient Monitoring Devices Market Report by Monitoring Type (Wireless Sensor Technology, mHealth, Telehealth, Wearable Devices, Remote Patient Monitoring), Product (Diagnostic Monitoring Devices, Therapeutic Monitoring Devices), End User (Hospitals, Home Settings, Ambulatory Surgical Centers (ASC)), and Region 2025-2033," finds that the global digital patient monitoring devices market size reached USD 154.1 Billion in 2024. Digital patient monitoring devices are electronic instruments used to monitor the patient's vital parameters, such as temperature, pulse rate, heart rate, and blood oxygen saturation levels (SPO2). They assist in delaying and preventing complications caused by the disease, reducing workload and errors, improving communication, increasing patient engagement and control, and enhancing safety. As a result, digital patient monitoring devices are extensively used in hospitals, clinics, ambulatory surgical centers (ASC), and home care settings.

Global Digital Patient Monitoring Devices Market Trends:

The market is primarily driven by the expanding healthcare industry. In addition, the growing prevalence of chronic diseases, such as asthma, blood pressure, hypertension, and diabetes, represents another major growth-inducing factor. Besides this, various manufacturers are introducing smart digital patient monitoring devices to analyze common physiological parameters. This, coupled with the escalating demand for sensor-based wearable monitoring devices, such as glucose monitors that help track blood sugar levels in real time, is positively influencing the market growth. Moreover, the rising geriatric population, the increasing expenditure capacity of consumers, and widespread product adoption in home care settings due to the sudden outbreak of coronavirus disease are some of the other factors propelling the market growth. Looking forward, IMARC Group expects the market value to reach USD 773.7 Billion by 2033, exhibiting a CAGR of 19.6% during the forecast period (2025-2033).

Market Summary:

Based on the monitoring type, the market has been classified into wireless sensor technology, mhealth, telehealth, wearable devices, and remote patient monitoring.
On the basis of the product, the market has been bifurcated into diagnostic monitoring devices (vital sign monitors, sleep monitors, fetal monitors, neuromonitors, and others) and therapeutic monitoring devices (insulin monitors, respiratory monitors, and others).
Based on the end user, the market has been classified into hospitals, home settings, and ambulatory surgical centers (ASC).
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being Abbott Laboratories, AT&T Inc., Athenahealth Inc., F. Hoffmann-La Roche AG, General Electric Company, Hill-Rom Holdings Inc. (Baxter International Inc.), Johnson & Johnson, Koninklijke Philips N.V, Medtronic plc, Nihon Kohden Corporation, OMRON Corporation, and ResMed Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Monitoring Type, Product, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Abbott Laboratories, AT&T Inc., Athenahealth Inc., F. Hoffmann-La Roche AG, General Electric Company, Hill-Rom Holdings Inc. (Baxter International Inc.), Johnson & Johnson, Koninklijke Philips N.V, Medtronic plc, Nihon Kohden Corporation, OMRON Corporation and ResMed.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Digital Patient Monitoring Devices Market to Reach USD 773.7 Billion by 2033, Impelled by Expanding Healthcare Industry

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