Digital Patient Monitoring Devices Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2028

Digital Patient Monitoring Devices Market

Digital Patient Monitoring Devices Market - By Product (Diagnostic Monitoring Devices and Therapeutic Monitoring Devices), By Type (Wireless Sensor Technology, MHealth, Telehealth, Remote patient Monitoring, and Wearable Devices), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Category: Medical Device Report Format : PDF Pages: 199 Report Code: ZMR-6816 Published Date: Nov-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 63.1 Billion USD 447.3 Billion 24.1% 2020

Digital Patient Monitoring Devices Market

The global digital patient monitoring devices market accrued earnings worth approximately 63.1 USD Billion in 2020 and is predicted to gain revenue of about 447.3 USD Billion by 2028, is set to record a CAGR of nearly 24.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Digital Patient Monitoring Devices Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue USD Billion.

Digital Patient Monitoring Devices Market: Outlook

Digital systems are constantly accepted in healthcare industry for enhancing patient contact along with amplifying preventive medicine practice. This has driven demand for digital patient monitoring equipment in medical sector. In addition to this, COVID-19 pandemic outbreak has led to surge in remote patient monitoring activities over conventional in-person visits, thereby increasing use of digital patient monitoring instruments by healthcare service providers, clinics, and hospitals. Healthcare experts make use of digital patient monitoring equipment for sharing healthcare data with clinical experts at remote distances to save time along with delivering of effective medical treatment for patients suffering from chronic ailments.

Reportedly, non-invasive digital patient monitoring equipment such as biosensors and wearables have ability for capturing as well as transmitting health information without requiring any patient intervention. Few of other digital technologies require patient to provide their health information on secured website through smartphone or personal digital assistant. For the record, common clinical data shared by patients with physicians in digital format include oxygen levels, vital signs, heart rate, blood pressure, and weight.

Digital Patient Monitoring Devices Market: Growth Drivers

Escalating demand for devices that can constantly monitor patient health will steer growth of digital patient monitoring devices industry over upcoming years. Furthermore, rampant spread of viral diseases such as Swine Flu, Avian Flu, Bird Flu, and COVID-19 has translated into massive penetration of digital patient monitoring devices in healthcare sector. In addition to this, acceptance of sensor-based wearables including ECG and glucose monitors will create new opportunities of growth for digital patient monitoring devices industry. Apart from this, humungous popularity of wearable equipment such as smart watches and other kinds of wearable sensor embedded equipment across globe has prompted its need across healthcare sector, thereby driving industry trends.

Global Digital Patient Monitoring Devices MarketRequest Free Sample

Furthermore, product innovations have propelled popularity of digital patient monitoring devices. This will favorably impact size of digital patient monitoring devices industry. Moreover, use of digital patient monitoring equipment can help in increasing time & cost efficiency, thereby helping digital patient monitoring devices market transverse higher altitudes of growth in upcoming years.

Regional Landscape

Asia Pacific Digital Patient Monitoring Devices Market To Experience Noticeable Growth Over 2021-2028

Growth of digital patient monitoring devices industry in Asia Pacific over assessment period can be credited to rise in number of smartphone users in countries such as India and China. For the record, smartphone users in countries such as India will increase from 501 Mn in 2019 to 821 Mn by 2022. In addition to this, rise in aging populace prone to chronic disorders will transform into huge sales of digital patient monitoring equipment in the region. Apart from this, the equipment is in huge demand across hospitals and clinics in Philippines, Indonesia, Japan, and Thailand.

Digital Patient Monitoring Devices Market: Report Scope

Report Attributes Report Details
Report Name Digital Patient Monitoring Devices Market Research Report
Market Size in 2020 USD 63.1 Billion
Market Forecast in 2028 USD 447.3 Billion
Growth Rate CAGR of 24.1%
Number of Pages 199
Key Companies Covered Hill-Rom Services, Inc., Abbot Laboratories, Fitbit, Inc., GE Healthcare, AT&T Inc., VitalConnect, Athenahealth, Inc., Koninklijke Philips N.V., Medtronic Corporation, Garmin Limited, Omron Healthcare, Inc., and ResMed.
Segments Covered By Product, By Type, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Competitive Landscape

Some of the leading in the global market include

  • Hill-Rom Services Inc.
  • Abbot Laboratories
  • Fitbit Inc.
  • GE Healthcare
  • AT&T Inc.
  • VitalConnect
  • Athenahealth Inc.
  • Koninklijke Philips N.V.
  • Medtronic Corporation
  • Garmin Limited
  • Omron Healthcare Inc.
  • ResMed.

The global Digital Patient Monitoring Devices Market is segmented as follows:

By Product

  • Diagnostic Monitoring Devices
  • Therapeutic Monitoring Devices

By Type

  • Wireless Sensor Technology
  • Wearable Devices
  • MHealth
  • Telehealth
  • Remote Patient Monitoring

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating demand for devices that can constantly monitor patient health will steer growth of digital patient monitoring devices industry over upcoming years. Furthermore, rampant spread of viral diseases such as Swine Flu, Avian Flu, Bird Flu, and COVID-19 has translated into massive penetration of digital patient monitoring devices in healthcare sector. In addition to this, acceptance of sensor-based wearables including ECG and glucose monitors will create new opportunities of growth for digital patient monitoring devices industry. Apart from this, humungous popularity of wearable equipment such as smart watches and other kinds of wearable sensor embedded equipment across globe has prompted its need across healthcare sector, thereby driving industry trends. Furthermore, product innovations have propelled popularity of digital patient monitoring devices. This will favorably impact size of digital patient monitoring devices industry.   

According to Zion market research report, the global Digital Patient Monitoring Devices Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 447.3(USD Billion) by 2028, is set to record a CAGR of nearly 24.1% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the regional market size over the estimated timeline. The regional market surge is subject to rise in number of smartphone users in countries such as India and China. For the record, smartphone users in countries such as India will increase from 501 Mn in 2019 to 821 Mn by 2022. In addition to this, increase in aging populace prone to chronic disorders will transform into huge sales of digital patient monitoring equipment in the region. Apart from this, the equipment is in huge demand across hospitals and clinics in Philippines, Indonesia, Japan, and Thailand.  

The key market participants include Hill-Rom Services, Inc., Abbot Laboratories, Fitbit, Inc., GE Healthcare, AT&T    Inc., VitalConnect, Athenahealth, Inc., Koninklijke Philips N.V., Medtronic Corporation, Garmin Limited, Omron Healthcare, Inc., and ResMed.    

 

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