Global Digital Patient Monitoring Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Wireless Sensor Technology, Telehealth, Wearable Devices, and Remote Patient Monitoring (Hospital Inpatient Monitoring, Ambulatory Patient Monitoring, and Smart Home Healthcare)

By Type;

Diagnostic Devices(Vital Sign Monitors, Sleep Monitors, Fetal Monitors, Neuro Monitors, and Other Monitors), and Therapeutic Device(Insulin Monitors, Respiratory Monitors, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn561858021 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Digital Patient Monitoring Devices Market (USD Million), 2021 - 2031

Digital Patient Monitoring Devices Market was valued at USD 78,516.90 million in the year 2024. The size of this market is expected to increase to USD 197,074.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.1%.


Global Digital Patient Monitoring Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 14.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)14.1 %
Market Size (2024)USD 78,516.90 Million
Market Size (2031)USD 197,074.38 Million
Market ConcentrationLow
Report Pages381
78,516.90
2024
197,074.38
2031

Major Players

  • Omron Corporation
  • AT&T, Inc
  • Phillips Healthcare
  • Airstrip Technologies, Inc.
  • Athenahealth, Inc.
  • St. Jude Medical
  • Welch Allyn
  • Medtronic Plc
  • GE Healthcare

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Digital Patient Monitoring Devices Market

Fragmented - Highly competitive market without dominant players


The Digital Patient Monitoring Devices Market is experiencing rapid growth, driven by the widespread adoption of remote health monitoring solutions. Over 60% of healthcare providers now utilize remote patient monitoring (RPM) technologies, reflecting a significant shift toward proactive, real-time health management. These devices offer continuous data collection, improving patient outcomes and reducing hospital readmissions.

Technological Innovations Shaping the Market
The market's expansion is largely supported by advancements in wearable technology and sensor-based systems. Currently, over 70% of these devices integrate AI-driven analytics and machine learning to deliver more precise health insights. These technologies are enhancing the quality of patient care by facilitating early diagnosis and personalized treatment plans.

Data-Driven Decision Making in Healthcare
The rise of data-driven decision-making is transforming patient care, with over 65% of healthcare systems leveraging real-time health data for more accurate diagnostics and tailored treatment strategies. This approach is helping healthcare providers optimize patient care and improve overall clinical outcomes.

Regulatory Support and Reimbursement Growth
Supportive regulatory policies and evolving reimbursement structures are further accelerating market growth. Currently, nearly 40% of healthcare payers provide coverage for digital patient monitoring technologies, making these solutions more accessible to patients and healthcare providers alike.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Type
    3. Market Snapshot, By Region
  4. Global Digital Patient Monitoring Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Supportive reimbursement policies
        2. Telemedicine and telehealth growth
        3. Adoption of Internet of Medical Things (IoMT)
      2. Restraints
        1. Slow adoption among elderly
        2. Device reliability issues
        3. Dependence on stable internet
      3. Opportunities
        1. Tech-healthcare partnerships
        2. User-friendly device development
        3. Rise in mobile health apps
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Digital Patient Monitoring Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Wireless Sensor Technology
      2. Telehealth
      3. Wearable Devices
      4. Remote Patient Monitoring
        1. Hospital Inpatient Monitoring
        2. Ambulatory Patient Monitoring
        3. Smart Home Healthcare
    2. Global Digital Patient Monitoring Devices Market, By Type, 2021 - 2031 (USD Million)
      1. Diagnostic Devices
        1. Vital Sign Monitors
        2. Sleep Monitors
        3. Fetal Monitors
        4. Neuro monitors
        5. Other Monitors
      2. Therapeutic Devices
        1. Insulin Monitors
        2. Respiratory Monitors
        3. Others
    3. Global Digital Patient Monitoring Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Omron Corporation
      2. AT&T, Inc
      3. Phillips Healthcare
      4. Airstrip Technologies, Inc.
      5. Athenahealth, Inc.
      6. St. Jude Medical
      7. Welch Allyn
      8. Medtronic Plc
      9. GE Healthcare
  7. Analyst Views
  8. Future Outlook of the Market