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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
-
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 Trends
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
| Trend | Impact |
| Adoption of Artificial Intelligence (AI) and Machine Learning (ML) | Integration of artificial intelligence (AI) and machine learning (ML) in digital patient monitoring devices enhances the device’s ability to analyze vast amounts of health data more efficiently and accurately. Furthermore, AI-enabled devices can monitor for anomalies that might be overlooked by human eye. AI and ML can also aid in tailoring treatment plans of individual patients based on their unique health data. |
| Remote Patient Monitoring (RPM) | RPM during COVID-19 underscored the importance of managing health crises while maintaining social distancing. Real-time monitoring and quick response to changes in a patient’s condition is a crucial factor in management of acute cases, where RPM can be quite helpful. This device reduces frequency of hospital visits. |
| Consumer-driven Healthcare | With increased awareness about health among public, there is a shift towards digital platforms and apps, that allow health information to be understandable and accessible. Devices that are adaptable in daily life are in great demand. It includes devices like smartwatches that can monitor heart rate and activity level. This drives the industry to be more transparent and competitive in product offering. |
| Wearable Technology | The advancement in wearable technology has led to the development of devices that not only track basic health metrics but also provide detailed analyses like electrodermal activity, stress levels, and even electrocardiograms. It also provides features like sleep tracking, and even blood oxygen levels, making them invaluable for both general wellness and chronic disease management. |
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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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