The Europe Digital Patient Monitoring Devices Market is expected to witness market growth of 24.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Digital Patient Monitoring Devices Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $57.31 billion by 2031. The UK market is exhibiting a CAGR of 23.6% during 2024-2031. Additionally, the France market would experience a CAGR of 25.4% during 2024-2031.
The digital patient monitoring devices market also benefits from growing consumer interest in health and wellness, driven by increasing health awareness and a focus on preventive care. In recent years, there has been a surge in demand for wearable health devices as more people are actively managing their health. Fitness trackers, smartwatches, and other wearable devices allow users to monitor their physical activity, heart rate, sleep quality, and more, making health monitoring a part of their daily lives. This consumer-driven trend has blurred the line between medical monitoring and everyday health tracking, making digital monitoring more mainstream and accessible.
As consumers become more accustomed to using these devices for fitness and wellness, they are also more open to digital monitoring devices for medical purposes, particularly as they become increasingly sophisticated and capable of providing clinically relevant insights. This shift in consumer behavior further drives the growth of the digital patient monitoring devices market as more individuals seek tools that help them stay proactive about their health and well-being.
In countries like France and Italy, chronic diseases are prevalent among older populations; in Italy, for instance, 60.8% of individuals aged 65 and older live with at least one chronic condition. Digital monitoring devices provide these individuals with tools for health tracking, medication reminders, and personalized health insights, making them essential in managing the health of Europe’s aging population and easing the burden on healthcare systems. Therefore, as health policies continue to endorse app-based monitoring and care, Europe is expected to see rising demand for digital patient monitoring devices, establishing the region as a dynamic and promising market.
The Germany market dominated the Europe Digital Patient Monitoring Devices Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $57.31 billion by 2031. The UK market is exhibiting a CAGR of 23.6% during 2024-2031. Additionally, the France market would experience a CAGR of 25.4% during 2024-2031.
The digital patient monitoring devices market also benefits from growing consumer interest in health and wellness, driven by increasing health awareness and a focus on preventive care. In recent years, there has been a surge in demand for wearable health devices as more people are actively managing their health. Fitness trackers, smartwatches, and other wearable devices allow users to monitor their physical activity, heart rate, sleep quality, and more, making health monitoring a part of their daily lives. This consumer-driven trend has blurred the line between medical monitoring and everyday health tracking, making digital monitoring more mainstream and accessible.
As consumers become more accustomed to using these devices for fitness and wellness, they are also more open to digital monitoring devices for medical purposes, particularly as they become increasingly sophisticated and capable of providing clinically relevant insights. This shift in consumer behavior further drives the growth of the digital patient monitoring devices market as more individuals seek tools that help them stay proactive about their health and well-being.
In countries like France and Italy, chronic diseases are prevalent among older populations; in Italy, for instance, 60.8% of individuals aged 65 and older live with at least one chronic condition. Digital monitoring devices provide these individuals with tools for health tracking, medication reminders, and personalized health insights, making them essential in managing the health of Europe’s aging population and easing the burden on healthcare systems. Therefore, as health policies continue to endorse app-based monitoring and care, Europe is expected to see rising demand for digital patient monitoring devices, establishing the region as a dynamic and promising market.
List of Key Companies Profiled
- Siemens Healthineers AG (Siemens AG)
- GE HealthCare Technologies, Inc.
- Medtronic PLC
- Hoffmann-La Roche AG
- Koninklijke Philips N.V
- Abbott Laboratories
- Boston Scientific Corporation
- OMRON Corporation
- Fitbit, Inc. (Google LLC)
- ResMed, Inc.
Market Report Segmentation
By Product
- Diagnostic Monitoring Devices
- Vital Sign Monitors
- Sleep Monitors
- Fetal Monitors
- Neuromonitors & Other Monitors
- Therapeutic Monitoring Devices
- Insulin Monitors
- Respiratory Monitors
- Other Monitors
By Type
- Wearable Devices
- Wireless Sensor Technology
- mHealth
- Telehealth
- Remote Patient Monitoring
- Hospital Inpatient
- Ambulatory Patient
- Smart Home Healthcare
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Digital Patient Monitoring Devices Market by Product
Chapter 6. Europe Digital Patient Monitoring Devices Market by Type
Chapter 7. Europe Digital Patient Monitoring Devices Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this Europe Digital Patient Monitoring Devices Market report include:- Siemens Healthineers AG (Siemens AG)
- GE HealthCare Technologies, Inc.
- Medtronic PLC
- F. Hoffmann-La Roche AG
- Koninklijke Philips N.V
- Abbott Laboratories
- Boston Scientific Corporation
- OMRON Corporation
- Fitbit, Inc. (Google LLC)
- ResMed, Inc.
Methodology
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