Digital Patient Monitoring Devices Market to Grow with a CAGR of 9.36% through 2030F
Rising prevalence of chronic diseases and increasing
ageing population are factors driving the Global Digital Patient Monitoring
Devices Market in the forecast period 2026-2030F
According to TechSci Research report, “Digital Patient
Monitoring Devices Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global
Digital Patient Monitoring Devices Market stood at USD 35.22 billion in 2024
and is anticipated to grow with a CAGR of 9.36% in the forecast period. Rising healthcare costs have put pressure on healthcare systems to
find cost-effective ways to manage patient care. Digital patient monitoring
devices offer an economical approach to healthcare by reducing hospital
admissions, shortening hospital stays, and optimizing resource allocation.
These cost-saving benefits have been a driving force behind the increasing
adoption of digital monitoring solutions.
The shift towards patient-centric care models has been a key
driver for the adoption of digital patient monitoring devices. Patients today
expect more personalized and convenient healthcare experiences. Digital
monitoring devices empower individuals to actively engage in their health
management by providing them with real-time data and insights. This shift
aligns with the broader trend of personalized medicine, where treatments and
interventions are tailored to an individual's specific needs.
The COVID-19 pandemic highlighted the importance of remote monitoring and telehealth solutions. To minimize the risk of infection and alleviate the strain on healthcare facilities, many patients turned to digital patient monitoring devices for continuous tracking of vital signs and symptoms at home. The pandemic accelerated the adoption of these technologies and reshaped healthcare delivery models, making them more adaptable to future health crises.
The shift towards patient-centric care models has been a key driver for the adoption of digital patient monitoring devices. Patients today expect more personalized and convenient healthcare experiences. Digital monitoring devices empower individuals to actively engage in their health management by providing them with real-time data and insights. This shift aligns with the broader trend of personalized medicine, where treatments and interventions are tailored to an individual's specific needs.
The adoption of remote patient monitoring initiatives by healthcare systems and providers has played a pivotal role in market growth. RPM programs help reduce hospital readmissions, lower healthcare costs, and improve patient outcomes. Government incentives, reimbursement policies, and regulatory changes have encouraged the integration of digital patient monitoring into healthcare systems. This has driven investment in the development and implementation of digital monitoring solutions.
Advancements in technology, particularly in sensors, wearables, and connectivity, have been instrumental in driving the digital patient monitoring devices market. Miniaturization of sensors, increased battery life, and improved wireless communication have made it possible to develop highly accurate and user-friendly monitoring devices. These technological innovations have expanded the scope and capabilities of digital monitoring, making it more accessible and appealing to both patients and healthcare providers.
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The Global Digital Patient Monitoring Devices Market is
segmented into type, product and company.
Based on type, in the global digital patient monitoring
devices market, the mHealth (mobile health) segment is experiencing the fastest
growth. This surge is primarily driven by the widespread adoption of
smartphones and advancements in network infrastructure, which have made
healthcare applications more accessible and user-friendly. The increasing
emphasis on remote patient monitoring and telehealth services has amplified the
demand for mHealth solutions, enabling real-time health tracking and communication
between patients and healthcare providers. These factors contribute to the
rapid expansion of the mHealth segment within the digital patient monitoring
devices market.
Based on region, the
Asia-Pacific region's digital patient monitoring devices market is rapidly
expanding due to several factors. A significant rise in chronic diseases and an
aging population has increased the demand for continuous health monitoring
solutions. Technological advancements, particularly the widespread adoption of
smartphones and improved internet connectivity, have made mobile health
applications more accessible. Governments in the region are actively investing
in digital health infrastructure and implementing supportive policies to
enhance healthcare delivery. The COVID-19 pandemic has accelerated the adoption
of telemedicine and remote patient monitoring, further propelling market
growth. These combined factors contribute to the region's leading position in
the global digital patient monitoring devices market.
Major companies operating in Global Digital Patient
Monitoring Devices Market are:
- GE
HealthCare Technologies, Inc
- AT&T
Inc.
- Athenahealth,
Inc.
- Abbott
Laboratories Inc.
- Koninklijke
Philips N.V. AB
- Hill-Rom
Services Inc.
- Medtronic
plc
- Omron
Healthcare, Inc.
- FitBit,
Inc.
- Garmin
Ltd.
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“The Global Digital Patient Monitoring Devices Market is on
a trajectory of significant growth, driven by a combination of factors
including the rising prevalence of chronic diseases, an aging population,
technological advancements, remote patient monitoring initiatives,
patient-centric care models, the impact of the COVID-19 pandemic, and the need
to contain healthcare costs. As the healthcare industry continues to evolve,
digital patient monitoring devices will play an increasingly pivotal role in
improving patient outcomes and enhancing the overall quality of care. The
future promises even more innovations in this space, further solidifying its
position as a critical component of modern healthcare systems.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Digital Patient Monitoring Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Telehealth, Wireless Sensor Technology, mHealth, Wearable Devices, Remote Patient Monitoring), By Product (Diagnostic Monitoring Devices, Therapeutic Monitoring Devices), By Region & Competition 2020-2030F”, has evaluated the future growth potential of
Global Digital Patient Monitoring Devices Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Digital Patient Monitoring Devices Market.
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