The global patient monitoring solutions market size was US$ 24.50 billion in 2021. The global patient monitoring solutions market size is forecast to reach the value of US$ 43.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030. 

COVID-19 Impact Analysis

The COVID-19 pandemic increased the demand for patient monitoring devices. During the pandemic, it was essential to keep a check on blood pressure, heart rate, etc. As a result, it fueled the growth of the global patient monitoring solutions market. 

Moreover, the growing trend of self-monitoring increased the demand for efficient devices. Thus, people adopted patient monitoring devices to avoid unnecessary visits to hospitals and other healthcare centers. 

COVID-19 pandemic has raised awareness among the population about health. Patient monitoring systems also played a crucial role during the pandemic to fight with the epidemic. 

Factors Influencing

• The increasing prevalence of chronic diseases is forecast to play a significant role in the market growth. 
• Rising changes in lifestyle are also contributing to the growth of the global patient monitoring solutions market. 
• Increasing government expenditure is forecast to be beneficial for the market. Moreover, the increasing geriatric population and growing launches in the industry will fuel the market growth. 
• The rising trend of remote monitoring, self-monitoring will benefit the global patient monitoring solutions market. Furthermore, the trending use of wearable devices and the evolution of IoT will further boost the market growth. Bluetooth monitoring systems, connectivity with smart devices have escalated the demand for patient monitoring solutions. OMRON corporation unveiled OMRON Complete. The device incorporates the ECG technology and is clinically verified for monitoring blood pressure.
• The high cost of these technologies may hamper the growth of the global patient monitoring solutions market.

Geographic Analysis

• The global patient monitoring devices market is witnessing exponential growth in North America because of the increasing adoption of remote tracking devices to avoid contact with the doctor and the staff. 
• North America is forecast to hold the largest share in the global patient monitoring solutions market, owing to the trending home monitoring services, increasing population, and growing geriatric population. 
• Growing government initiatives and investments in healthcare IT are forecast to benefit the market players. 
• The Asia Pacific is forecast to emerge as the fastest-growing region in the global patient monitoring solutions market. The growth of the region would be due to the increasing cases of chronic diseases like diabetes and hypertension. 

Competitors in the Market

• Medtronic
• GENERAL ELECTRIC
• Koninklijke Philips N.V.
• Abbott
• Johnson & Johnson Services, Inc.
• F. Hoffmann-La Roche Ltd
• Boston Scientific Corporation
• Edwards Lifesciences Corporation,
• OMRON Corporation
• Getinge AB
• Other prominent players

Market Segmentation

The global patient monitoring solutions market is segmented on the basis of Device, Application, End-User, and Region. 

By Type of Device

• Hemodynamic Monitoring Devices
• Neuromonitoring Devices
• Cardiac Monitoring Devices
• Multi-parameter Monitors
• Respiratory Monitoring Devices
• Other Types of Devices

By Application

• Cardiology
• Neurology
• Respiratory
• Fetal and Neonatal
• Weight Management and Fitness Monitoring
• Other Applications

By End-User

• Home Healthcare
• Hospitals and Clinics
• Other End Users

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America