Physiological Monitors Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Physiological Monitors Market?
The physiological monitors market is expected to gather momentum with the increasing occurrence of chronic illnesses. Chronic diseases are long-term health problems that last for a year or more. Physiological monitors play a critical role in managing these diseases by supplying real-time health stats that support prompt interventions and personalized care for individuals living with such conditions. For instance, the National Institutes of Health, a US government organization, projected in January 2023 that by 2035, 35.66% (range: 33.36–36.04) of adults above the age of 50 would suffer from at least one chronic disease, a rate predicted to escalate to 47.81% (range: 46.09–49.71) by 2050. As such, the escalating incidence of chronic diseases fosters the expansion of the physiological monitors market.
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How Has the Physiological Monitors Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market for physiological monitors has experienced swift expansion in the past few years. It is projected to rise from a value of $103.11 billion in 2024 to $115.05 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%. Factors such as an aging population, management of chronic diseases, patient-focused healthcare, incorporation with electronic health records (EHR), and advancements in IoT and connectivity have played a significant role in the growth observed in the previous years.
In the coming years, the market size of physiological monitors is anticipated to experience swift growth. By 2029, it’s projected to reach a value of $176.77 billion, growing at a compound annual growth rate (CAGR) of 11.3%. This growth over the forecast period may be due to the incorporation of AI and data analytics, emphasis on preventive healthcare, the expansion of telehealth services, ongoing developments in home healthcare, and global health issues. The period sees key trends such as the adoption of wearable technology, technological downsizing, remote patient monitoring, advancements in healthcare technology, and the advent of non-invasive monitoring technologies.
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What New Market Trends Are Reshaping thePhysiological Monitors Market and Its Opportunities?
Prominent corporations in the physiological monitors market are shifting their focus to the development of cutting-edge solutions, like wireless patient monitoring systems, to establish a competitive advantage in the industry. Wireless patient monitoring systems represent a technological innovation that removes the necessity for wires or cables to track a patient’s vital signs continuously, including heart rate, oxygen levels, blood pressure, and more. For example, GE Healthcare Technologies Inc., a medical technology firm based in the US, launched Portrait Mobile in June 2022. This system is tailored to assist clinicians in identifying patient deterioration earlier, thereby enhancing patient outcomes. Portrait Mobile employs wearable sensors attached to the patient’s body to record their vital signs data, including heart rate, blood pressure, oxygen levels, and respiration rate. Continuous monitoring of these vital signs enables clinicians to detect changes in a patient’s condition more promptly.
Who Are the Leading Market Players Fueling Growth in the Physiological Monitors Market Trend?
Major companies operating in the physiological monitors market report are F. Hoffmann-La Roche Ltd., Panasonic Corporation, Abbott Laboratories, Honeywell International Inc., Medtronic PLC, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company (BD), Philips Healthcare, General Electric Company (GE Healthcare), Baxter International Inc., Boston Scientific Corporation, OMRON Healthcare Co. Ltd., Edwards Lifesciences Corporation, Mindray Medical International Ltd., Smiths Medical, Hill-Rom Holdings Inc., Masimo Corporation, Nihon Kohden Corporation, OSI Systems Inc., Spacelabs Healthcare, Kontron AG, Welch Allyn, Natus Medical Incorporated, A&D Company Limited, Owlet Baby Care, Nonin Medical Inc., CAS Medical Systems Inc.
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How is the Global Physiological Monitors Market Segemented?
The physiological monitors market covered in this report is segmented –
1) By Type: Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Other Types
2) By Application: Cardiology, Neurology, Respiratory, Fetal And Neonatal, Weight Management And Fitness Monitoring, Other Applications
3) By End User: Hospital, Clinic, Other End Users
Subsegments:
1) By Hemodynamic Monitoring Devices: Invasive Hemodynamic Monitors, Non-Invasive Hemodynamic Monitors
2) By Neuromonitoring Devices: EEG Monitors, Intracranial Pressure Monitors, Brain Function Monitors
3) By Cardiac Monitoring Devices: ECG Monitors, Holter Monitors, Implantable Cardiac Monitors
4) By Respiratory Monitoring Devices: Pulse Oximeters, Capnometers, Spirometers
5) By Other Types: Temperature Monitors, Blood Glucose Monitors, Multivariable Monitors
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Which Geographics are Influencing the Growth of the Physiological Monitors Market?
North America was the largest region in the physiological monitors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the physiological monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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