2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of thePatient Monitoring Devices Market?

The increasing prevalence of chronic diseases is expected to boost the growth of the patient monitoring device market. Chronic diseases are long-lasting conditions that are manageable but not curable, and managing them is significantly supported by patient monitoring devices. For example, the World Health Organization (WHO) projected that by 2050, the number of cancer cases would surpass 35 million, marking a 77% increase from the 20 million cases expected in 2022. Therefore, the rise in chronic diseases is expected to spur growth in the patient monitoring device market.

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#How Will the CAGR of the Patient Monitoring Devices Market Influence Its Overall Growth by 2034?

The patient monitoring devices market size has grown strongly in recent years. It will grow from $24.76 billion in 2024 to $26.95 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth is driven by the aging population, regulatory compliance, chronic disease management, healthcare reimbursement, and the rise of the hospital-at-home trend.

The patient monitoring devices market is projected to grow strongly, reaching $36.76 billion in 2029 at a CAGR of 8.1%. Growth drivers include AI applications, value-based models, telehealth expansion, and increased healthcare access in developing regions. Key trends are wearable tech, mobile monitoring solutions, predictive analytics, home-based care, and remote vital signs tracking.

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Which Cutting-Edge Market Trends Are Expected to Drive thePatient Monitoring Devices Market’s Growth?

In the patient monitoring devices market, companies are adopting cutting-edge technologies to expand their market presence. One such development is the use of LoRaWAN technology in remote patient monitoring (RPM) systems. For example, in January 2023, Senet and Telli Health introduced the first RPM hardware powered by LoRaWAN technology. This wireless communication protocol allows healthcare providers to extend their services to more patients, especially in remote or underserved areas, with coverage up to 10 miles. The device transmits health readings via a simple dial-up modem, enhancing healthcare accessibility and inclusivity.

Who Are the Major Industry Players Accelerating Growth in thePatient Monitoring Devices Market?

Major companies operating in the patient monitoring devices market include General Electric Company, Koninklijke Philips NV, Dragerwerk AG & Co KGaA, Cardinal Health Inc., Masimo Corporation, Medtronic plc, Edwards Lifesciences Crop., Flex Ltd., Nihon Kohden Corporation, Abbott Laboratories, Johnson & Johnson, Siemens Healthineers AG, Becton, Dickinson and Company, Cardinal Health Inc., Baxter International Inc., Boston Scientific Corporation, Danaher Corporation, 3M Company, Hill-Rom Holdings Inc., Terumo Corporation, Smith & Nephew plc, B. Braun Melsungen AG, ResMed Inc., Dexcom Inc., Fresenius Medical Care AG & Co. KGaA, Getinge, Mindray Medical International Limited, Nihon Kohden Corporation, Spacelabs Healthcare LLC, Nonin Medical Inc., OSI Systems Inc., Schiller AG, Welch Allyn Inc., OMRON Healthcare Co. Ltd.

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Which Primary Segments of the Patient Monitoring Devices Market Are Driving Growth and Industry Transformations?

The patient monitoring devices market covered in this report is segmented –

1) By Type: Fetal And Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices And Equipment, Vital Parameter Monitoring Devices And Equipment, Remote Patient Monitoring Devices And Equipment

2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users

3) By Type of Expenditure: Public, Private

4) By Product: Instruments/Equipment, Disposables

Subsegments:

1) By Fetal And Neonatal Monitoring Devices: Fetal Dopplers, Fetal Monitors, Neonatal ICU Monitors

2) By Weight Monitoring And Body Temperature Monitoring Devices And Equipment: Digital Scales, Thermometers (Digital, Infrared, And Mercury-Free), Body Temperature Monitors

3) By Vital Parameter Monitoring Devices And Equipment: Blood Pressure Monitors, Pulse Oximeters, ECG/EKG Monitors, Cardiac Monitors, Respiratory Rate Monitors

4) By Remote Patient Monitoring Devices And Equipment: Telemedicine Devices, Wearable Monitoring Devices, Home Health Monitoring Devices

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of thePatient Monitoring Devices Market?# Market?

Asia-Pacific was the largest region in the global patient monitoring devices market in 2023. North America was the second-largest region in the global patient monitoring devices market. The regions covered in the patient monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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