Digital Health Monitoring Devices Market Report 2025

The digital health monitoring devices market size has grown rapidly in recent years. It will grow from $6.58 billion in 2024 to $7.8 billion in 2025 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to clinical research and evidence-based practices, regulatory framework development, patient engagement and empowerment, internet of things (IoT) integration.

The digital health monitoring devices market size is expected to see exponential growth in the next few years. It will grow to $17.07 billion in 2029 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to increasing prevalence of chronic diseases, patient-centric care and self-management, focus on preventive healthcare, rise in health and fitness consciousness, remote diagnostics and decision support. Major trends in the forecast period include advancements in wearable technology, remote patient monitoring (rpm), telemedicine and telehealth adoption, internet of things (IoT) integration.

The increasing demand for remote monitoring worldwide is projected to boost the growth of the digital health monitoring devices market in the future. Remote monitoring devices are medical tools designed to track and monitor patients' health from home. Digital health monitoring devices enable healthcare professionals to electronically capture and observe patients' medical and health data for evaluation, recommendations, and guidance. For example, in June 2022, the Department of Health and Social Care, a UK-based government department, reported that an additional 500,000 individuals could benefit from remote monitoring by March 2023. Over the past year, more than 280,000 people with long-term conditions have already used remote monitoring at home and in care facilities. Thus, the growing demand for remote monitoring devices is driving the expansion of the digital health monitoring devices market.

The rising adoption of digital health is expected to further stimulate the growth of the digital health monitoring devices market in the future. Digital health encompasses the use of digital technologies, information, and communication tools to enhance healthcare delivery, improve health outcomes, and promote overall health and wellness. The increasing uptake of digital health solutions enhances the functionality and connectivity of monitoring devices, driving innovation and broadening the market for digital health monitoring devices globally. For instance, in June 2022, the Department of Health and Social Care noted that the NHS website now averages 80 million views per month, making it the largest health information source in Europe. Furthermore, the NHS App has over 28 million sign-ups and is accessed approximately 2.7 million times each week. Therefore, the growing adoption of digital health is fueling the growth of the digital health monitoring devices market.

Technological innovation is a significant trend gaining traction in the digital health monitoring devices market. Companies in this sector are concentrating on clinical advancements to monitor patients' health and to secure a competitive advantage. For example, in June 2024, Prevounce Health, a US-based provider of remote care management software, devices, and services, introduced the Pylo GL1-LTE remote blood glucose monitoring device. The Pylo GL1-LTE blood glucose meter is clinically validated and compatible with various cellular networks across the U.S. to ensure dependable data transmission. It integrates with the Prevounce remote care management platform and can connect to other health software through the Pylo cloud API. As part of Prevounce's Pylo product line, which includes cellular-connected blood pressure monitors and weight scales, the GL1-LTE is tailored for patients enrolled in remote patient monitoring (RPM) programs for diabetes. With its roaming 4G connectivity, the device requires no configuration and securely transmits real-time readings to care teams.

Major companies are strategically forming partnerships and collaborations with start-ups and mid-sized firms in the digital health monitoring devices market to enhance their product and service offerings. These strategic alliances help companies expand their existing product portfolios and geographic presence. For instance, in October 2022, GE Healthcare, a US-based provider of medical imaging, monitoring, biomanufacturing, and cell therapy technologies, announced a collaboration with AMC Health. This partnership enables clinicians to provide Remote Patient Monitoring (RPM) as a virtual care solution, extending patient care beyond the hospital into the home environment. The collaboration combines GE Healthcare's acute patient monitoring capabilities in hospital settings with AMC Health’s expertise in RPM solutions, utilizing an FDA Class II 510(k)-cleared platform with analytics to enhance the continuum of non-acute care for patients after hospital discharge. AMC Health specializes in remote patient monitoring (RPM) solutions.

In September 2024, Becton, Dickinson and Company, a US-based medical device manufacturer, acquired the Critical Care product group from Edwards Lifesciences for an undisclosed sum. This acquisition allows BD to expand its portfolio of smart connected care solutions by incorporating leading monitoring technologies, including advanced AI-powered clinical decision-making tools. Edwards Lifesciences is a US-based provider of digital health monitoring devices.

Major companies operating in the digital health monitoring devices market are Philips Healthcare, Medtronic, GE Healthcare, Abbott Laboratories, Omron Healthcare, Fitbit (now part of Google), Garmin, Dexcom, Withings, Apple Inc., Masimo Corporation, iHealth Labs, AliveCor, Qardio, Huawei Technologies, Xiaomi Inc., Polar Electro, ResMed, Boston Scientific, Biotronik, Becton, Dickinson and Company (BD), Nihon Kohden, Siemens Healthineers, Mindray, Spacelabs Healthcare, Schiller AG, Nonin Medical, Honeywell Life Sciences.

North America was the largest region in the digital health monitoring devices market share in 2024. The regions covered in the digital health monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the digital health monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Digital health monitoring devices are instruments utilized for monitoring and analyzing acute or chronic health conditions outside of traditional hospital or clinic settings. These devices leverage digital technology to track and monitor individuals' health, providing easy access to relevant information. This approach aims to enhance healthcare quality and deliver value to healthcare practitioners, patients, hospitals, and governments.

The main types of digital health monitoring devices encompass telehealth, Electronic Health Records (EHR) or Electronic Medical Records (EMR), m-health (mobile health), wireless health, and remote patient monitoring. Telehealth monitoring devices enable patients to monitor their health remotely, contributing to the delivery of health and related services through digital communication technologies. Digital health monitoring devices are categorized into product types such as devices, software, services, and others. They find applications in various settings, including hospitals, clinics, ambulatory surgical centers, homecare settings, and others.

The digital health monitoring device market research report is one of a series of new reports that provides digital health monitoring device market statistics, including digital health monitoring device industry global market size, regional shares, competitors with a digital health monitoring device market share, detailed digital health monitoring device market segments, market trends and opportunities, and any further data you may need to thrive in the digital health monitoring device industry. This digital health monitoring device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The digital health monitoring devices market consists of sales of smartphone-based health monitoring devices, sensor-based health monitoring devices, and microcontroller-based health monitoring devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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