Global Patient Monitoring Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Patient Monitoring Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices, Hemodynamic/Pressure Monitoring Devices, Fetal & Neonatal Monitoring Devices, Neuromonitoring Devices, Weight Monitoring Devices, and Other Patient Monitoring Devices), End User (Home Healthcare, Hospitals and Clinics, and Other End-Users), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Patient Monitoring Market was valued at USD 48,503.4 million in 2023 and is expected to reach USD 86,504.7 million by 2031 while growing at a CAGR of 7.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global patient monitoring market growth. Patient monitoring is essential for assessing how a disease reacts to treatment and for detecting adverse drug reactions. To quickly determine how pulmonary TB is responding to treatment, sputum smear microscopy is the most rapid method. Ideally, in facilities with quality-assured laboratories, both sputum cultures and smears should be conducted for effective monitoring.
Continuous advancements in medical technology, such as wearable devices, remote monitoring systems, and advanced sensors, coupled with the increasing prevalence of chronic diseases and the expansion of telemedicine and remote patient monitoring, propel market growth. However, cost constraints and interoperability challenges pose obstacles to market expansion.
Furthermore, the global patient monitoring industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Patient Monitoring Market is segmented among Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices, Hemodynamic/Pressure Monitoring Devices, Fetal & Neonatal Monitoring Devices, Neuromonitoring Devices, Weight Monitoring Devices, and Other Patient Monitoring Devices, based on Product. In 2023, Multi-parameter Monitoring Devices accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End User Analysis
The Global Patient Monitoring Market is segmented among Home Healthcare, Hospitals and Clinics, and Other End-Users, based on End User. In 2023, Hospitals and Clinics accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Patient Monitoring Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), Johnson & Johnson, Masimo Corporation, Medtronic PLC, Omron Corporation, and Koninklijke Philips NV.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Patient Monitoring Market Dynamics
Drivers
Restraints
Opportunity
4. Global Patient Monitoring Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Patient Monitoring Market Segmentation, By Product
Global Patient Monitoring Market Share Analysis, By Product
Global Patient Monitoring Market Growth Analysis, By Product
Global Patient Monitoring Market Trends, By Product
o Blood Glucose Monitoring Systems
o Cardiac Monitoring Devices
o Multi-parameter Monitoring Devices
o Respiratory Monitoring Devices
o Temperature Monitoring Devices
o Hemodynamic/Pressure Monitoring Devices
o Fetal & Neonatal Monitoring Devices
o Neuromonitoring Devices
o Weight Monitoring Devices
o Other Patient Monitoring Devices
6. Global Patient Monitoring Market Segmentation, By End-User
Global Patient Monitoring Market Share Analysis, By End-User
Global Patient Monitoring Market Growth Analysis, By End-User
Global Patient Monitoring Market Trends, By End-User
o Home Healthcare
o Hospitals and Clinics
o Other End-Users
7. Global Patient Monitoring Market Segmentation, By Region
Global Patient Monitoring Market Share Analysis, By Region
Global Patient Monitoring Market Growth Analysis, By Region
Global Patient Monitoring Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Abbott Laboratories*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Baxter International Inc.
Boston Scientific Corporation
Becton, Dickinson and Company
General Electric Company (GE Healthcare)
Johnson & Johnson
Masimo Corporation
Medtronic PLC
Omron Corporation
Koninklijke Philips NV
*Similar analysis will be provided for each company listed above.
