Patient Monitoring Devices Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Adoption of Remote Patient Monitoring Devices
- Increasing Geriatric Population in the World
Challenges
- High Cost and Limed Awareness about the Devices
Patient Monitoring Devices Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.8% |
|
Base Year Market Size (2024) |
USD 58.28 billion |
|
Forecast Year Market Size (2037) |
USD 154.73 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of patient monitoring devices is evaluated at USD 62.14 billion.
Patient Monitoring Devices Market size was over USD 58.28 billion in 2024 and is poised to exceed USD 154.73 billion by 2037, witnessing over 7.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to account for largest revenue share by 2037, on account of growing burden of chronic diseases in the region.
The major players in the market are Abbott Laboratories, Medtronic Plc, Masimo Corporation, OMRON Corporation, Boston Scientific Corporation, and others.
