Physiological Monitors Global Market Report 2024

The physiological monitors market size has grown rapidly in recent years. It will grow from $92.32 billion in 2023 to $103.11 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth observed in the historical period can be attributed to factors such as an aging population, increased emphasis on chronic disease management, a shift towards patient-centric healthcare approaches, integration with electronic health records (EHR), and the growing influence of Internet of Things (IoT) and connectivity in healthcare.

The physiological monitors market size is expected to see rapid growth in the next few years. It will grow to $158.62 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period can be attributed to the integration of artificial intelligence (AI) and data analytics, an increased focus on preventive healthcare measures, the expansion of telehealth services, the rise of home healthcare trends, and the ongoing challenges posed by global health issues. Key trends expected in the forecast period include the adoption of wearable technology, technological miniaturization, the expansion of remote patient monitoring, advancements in healthcare technology, and the emergence of non-invasive monitoring technologies.

The growth of the physiological monitors market is anticipated to be driven by the increasing prevalence of chronic diseases. Chronic diseases, characterized by long-lasting symptoms persisting for at least a year, pose a significant health challenge. Physiological monitors play a crucial role in managing chronic diseases by offering real-time health data, facilitating timely interventions, and enabling personalized care for individuals dealing with such conditions. In January 2023, the National Institutes of Health (NIH) reported that the prevalence of chronic diseases in the U.S. population aged 50 years and older is projected to surge by 99.5%, reaching 142.66 million individuals by 2050, signifying a substantial increase from the 71.522 million reported in 2020. Consequently, the escalating prevalence of chronic diseases serves as a key driver for the growth of the physiological monitors market.

Prominent companies in the physiological monitors market are intensifying their focus on developing advanced solutions, including wireless patient monitoring systems, to establish a competitive advantage. Wireless patient monitoring systems represent a technological breakthrough, eliminating the need for wires or cables in continuously monitoring vital signs such as blood pressure, heart rate, and oxygen levels. In June 2022, GE Healthcare Technologies Inc., a U.S.-based medical technology company, introduced Portrait Mobile, a system designed to aid clinicians in early detection of patient deterioration and enhance patient outcomes. Utilizing wearable sensors placed on the patient's body, Portrait Mobile collects data on vital signs, offering continuous monitoring to help clinicians swiftly identify changes in a patient's condition.

In January 2021, Boston Scientific, a U.S.-based medical device manufacturing company, acquired Preventice Solutions Inc. for $925 million. This acquisition positions Boston Scientific to expand its remote monitoring capabilities, incorporating a comprehensive portfolio of mobile cardiac health solutions, including short- and long-term Holter monitors. Preventice Solutions Inc., a U.S.-based provider of mobile health solutions and remote monitoring systems, brings valuable expertise and technologies in ambulatory cardiac monitoring to further enhance Boston Scientific's offerings in 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.

North America was the largest region in the physiological monitors market in 2023. 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. The countries covered in the physiological monitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The physiological monitors market consists of sales of products such as fitness trackers, portable ECG monitors, finger pulse oximeters, digital thermometers, wearable sleep trackers, and blood glucose meters. 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).

Physiological monitors are devices designed to track and measure vital signs or bodily functions, serving as tools to assess and monitor an individual's health status. These monitors play a crucial role in providing real-time information to clinicians by continuously tracking vital sign parameters. They utilize alarms to alert healthcare professionals of any changes in a patient's condition, facilitating early detection of vital sign deterioration.

Physiological monitors come in various forms, including hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, respiratory monitoring devices, and others. Hemodynamic monitoring devices are specifically designed medical tools used for monitoring blood pressure, blood volume, and fluid balance to assess a patient's cardiovascular function. These devices find applications in diverse medical fields such as cardiology, neurology, respiratory care, fetal and neonatal monitoring, weight management, and fitness monitoring. They are employed in various healthcare settings, including hospitals, clinics, and other medical facilities.

The physiological monitors market research report is one of a series of new reports that provides physiological monitors market statistics, including physiological monitors industry global market size, regional shares, competitors with a physiological monitors market share, detailed physiological monitors market segments, market trends and opportunities, and any further data you may need to thrive in the physiological monitors industry. This physiological monitors 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 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.


This product will be delivered within 3-5 business days.