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Report Overview
The global digital patient monitoring devices market was valued at USD 119.7 billion in 2024, driven by increasing adoption of digitalization across the globe. The market is expected to grow at a CAGR of 19.76% during the forecast period of 2025-2034, with the values likely to reach USD 606.4 billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The demand for digital patient monitoring devices is on the rise, intended to provide personalized healthcare solutions and at home consultation with physicians.
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One of the major market trends includes rising mergers between key companies to provide optimized solutions for patients.
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Asia Pacific region is likely to experience fastest growth in the forecast period.
Global Digital Patient Monitoring Devices Market Share
Market Segmentation Based on Products is Anticipated to Witness Substantial Growth
Based on product, the market segmentation includes diagnostic monitoring devices and therapeutic monitoring devices. The diagnostic monitoring devices consists of blood glucose monitors, blood pressure monitors, and multi-parameter monitors which are essential for the early detection and management of health conditions. The demand is driven by the increasing prevalence of chronic diseases as hypertension and diabetes along with growing emphasis of preventive healthcare.
Alternatively, therapeutic monitoring devices like insulin pumps and respiratory therapy devices are vital for disease management. With rising prevalence of personalized medices, these devices are being increasingly adopted. The growth is fueled by the enhancement in device’s accuracy, alignment with mobile health applications, and user-friendliness which will expand the digital patient monitoring devices market.
Wireless Sensor Technologies Expected to Lead the Market Share
Based on monitoring type, the market constitutes wireless sensor technology, mHealth, telehealth, wearable devices, and remote patient monitoring. There has been a surge in this segment after COVID-19 as it provides the ease of consultation with a physician. Wireless sensor technology is gaining popularity as it improves patient comfort and mobility essential in long term health monitoring along with real time monitoring without constraints. The adoption of IoT (internet of things) and AI (artificial intelligence) aids in analyzing vast amount of data leading to personalized and proactive healthcare solutions.
mHealth and telehealth allows the patients and physicians to interact via mobile devices enabling diagnosis and treatment while reducing visits to clinics or hospitals. This segment is booming because of the increased penetration of mobile phones with internet services.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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