In-Depth Insights into the Physiological Monitors Market: Growth, Trends, and Opportunities for 2025-2034
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How has the physiological monitors market grown in recent years?
The physiological monitors market has grown rapidly in recent years and is forecasted to increase from $103.11 billion in 2024 to $115.05 billion in 2025 at a CAGR of 11.6%. Growth in the past period was supported by an aging population, chronic disease management, a shift toward patient-centric healthcare, integration with electronic health records (EHR), and advancements in IoT and connectivity.
How is the physiological monitors market size expected to evolve during the forecast period?
The physiological monitors market is expected to grow significantly, reaching $176.77 billion in 2029 at a CAGR of 11.3%. Growth is attributed to AI and data analytics integration, a shift toward preventive healthcare, telehealth expansion, home healthcare trends, and global health challenges. Trends include wearable technology adoption, miniaturization of devices, remote patient monitoring, advancements in healthcare technology, and non-invasive monitoring solutions.
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Which key drivers are propelling the physiological monitors market’s growth?
The increased occurrence of long-term health problems is anticipated to spur the expansion of the physiological monitors market. Chronic diseases, defined as health conditions with symptoms persisting for at least a year, can be effectively managed through physiological monitors that provide immediate health information. This allows for prompt interventions and customized care for those suffering from these conditions. In support of this, statistics from the National Institutes of Health, a US government agency, projected in January 2023 that by 2035, 35.66% (range: 33.36–36.04) of adults over the age of 50 will have at least one chronic ailment, a statistic that is likely to increase to 47.81% (range: 46.09–49.71) by 2050. Thus, the escalating instances of chronic diseases are fuelling the growth of the physiological monitors market.
What are the market segments in the physiological monitors industry?
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 leading companies are shaping the growth of the physiological monitors market?
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.
What key trends are currently impacting the physiological monitors market’s development?
Major players in the market for physiological monitors are increasingly shifting their focus towards the creation of cutting-edge solutions such as wireless patient monitoring systems, aiming to secure a competitive advantage. A wireless patient monitoring system, a pioneering technological development, allows for the continuous monitoring of a patient’s essential health indicators like heart rate, blood pressure, and oxygen levels, without the need for cables or wires. For example, in June 2022, GE Healthcare Technologies Inc., a medical technology firm based in the US, unveiled Portrait Mobile. This system aids healthcare professionals in recognizing the early signs of patient deterioration, thereby enhancing patient results. Portrait Mobile gathers patient vital health data via wearable sensors attached to the patient’s body. This includes metrics like heart rate, blood pressure, oxygen saturation, and breathing rate. By offering continuous monitoring of a patient’s vital signs, it enables healthcare professionals to promptly detect any changes in a patient’s health status.
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Which geographic areas 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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