United States Patient Monitoring Market

United States Patient Monitoring Market Overview:

The United States patient monitoring market size reached USD 18.34 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 36.96 Billion by 2033, exhibiting a growth rate (CAGR) of 8.10% during 2025-2033. The growing demand for remote patient monitoring (RPM), increasing advancements in wearable gadgets, wireless communication tech and artificial intelligence (AI), and rising preference for home healthcare among individuals are some of the factors impelling the market growth.

United States Patient Monitoring Market Trends:

Growing Demand for Remote Patient Monitoring

The rising demand for remote patient monitoring (RPM), driven by the shift towards value-based care and the increasing emphasis on patient-centered healthcare, is bolstering the market growth in the United States. RPM technologies enable the constant monitoring of patients outside of clinical settings, leading to early identification of possible health problems and decreasing the need for hospital stays. The growing need for telehealth services, as patients and healthcare providers look for convenient and effective ways to address health issues, is positively influencing the market. Moreover, government efforts and reimbursement policies are supporting the implementation of RPM, acknowledging its ability to enhance patient results and reduce medical expenses. In 2024, Erie County Medical Center in New York implemented an RPM program that effectively enhanced blood pressure management in patients. By utilizing Brook Health's RPM technology, the program demonstrated a 74% success rate in managing blood pressure, highlighting effective patient engagement and reduced health risks associated with hypertension.

Technological Advancements in Monitoring Devices

Advancements like wearable gadgets, wireless communication tech, and artificial intelligence (AI) are changing the way patient information is collected, analyzed, and utilized. These developments allow monitoring in real-time, providing healthcare professionals with timely insights into patient health and assisting with early intervention. Furthermore, the seamless sharing of data across healthcare networks is improved by integrating these devices with electronic health records (EHRs), ultimately enhancing care coordination and patient outcomes. These technologies are not only improving patient care but also reducing healthcare costs by enabling at-home monitoring and reducing the need for frequent hospital visits. In 2023, a collaboration was unveiled between DuPont™ Liveo™ Healthcare and STMicroelectronics to develop an innovative wearable biosignal-monitoring device. This partnership aims to create the DuPont™ Liveo™ Smart Biosensing Patch by combining cutting-edge sensor technology with pliable materials to improve patient comfort and effectiveness. The goal is to enhance remote monitoring abilities with creative wearable technology solutions.

Rise of Home Healthcare Services

More elderly individuals and those with chronic illnesses are opting for home care, which is driving the need for patient monitoring systems that can be used outside of traditional healthcare settings. These systems enable patients to receive constant care at their residences, decreasing the necessity for frequent trips to the hospital. The convenience and cost-effectiveness of home healthcare are appealing to both patients and healthcare providers, leading to the widespread adoption of home-based monitoring technologies. Moreover, advancements in portable and wearable monitoring devices are making it easier for patients to manage their health at home. In 2024, the Food and Drug Administration (FDA) initiated the "Home as a Health Care Hub" program to better incorporate the home environment into the US healthcare system and promote health equity. This project aims to promote teamwork among patient organizations, healthcare professionals, and creators of medical tools to develop care models and devices for home use. The program also highlights the importance of improving access to healthcare and improving personalized care with the help of new technologies and care models.

United States Patient Monitoring Market News:

• May 2024: Royal Philips and Radboud University Medical Center revealed a decade-long collaboration concentrated on patient monitoring, involving the implementation of the newest Philips patient monitoring technology and software in all Radboudumc units. This contract guarantees ongoing availability of up-to-date clinical software, security upgrades, and technical assistance, promoting a flexible and effective patient monitoring system.
• April 2024: The FDA approved Corsano Health's CardioWatch System, a remote patient monitoring system from Europe, now accessible in the United States, indicating a major step for Corsano Health's digital health products in the American market.

United States Patient Monitoring Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type of device, application, and end user.

Type of Device Insights:

• Hemodynamic Monitoring Devices
• Neuromonitoring Devices
• Cardiac Monitoring Devices
• Respiratory Monitoring Devices
• Remote Monitoring Devices
• Others
   

The report has provided a detailed breakup and analysis of the market based on the type of device. This includes hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, respiratory monitoring devices, remote monitoring devices, and others.

Application Insights:

• Cardiology
• Neurology
• Respiratory
• Fetal and Neonatal
• Weight Management and Fitness Monitoring
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and others.

End User Insights:

• Home Healthcare
• Hospitals
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end user. This includes home healthcare, hospitals, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Patient Monitoring Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States patient monitoring market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States patient monitoring market?
• What is the breakup of the United States patient monitoring market on the basis of type of device?
• What is the breakup of the United States patient monitoring market on the basis of application?
• What is the breakup of the United States patient monitoring market on the basis of end user?
• What are the various stages in the value chain of the United States patient monitoring market? 
• What are the key driving factors and challenges in the United States patient monitoring?
• What is the structure of the United States patient monitoring market and who are the key players?
• What is the degree of competition in the United States patient monitoring market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States patient monitoring market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States patient monitoring market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States patient monitoring industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.