Digital Patient Monitoring Devices Market Size, Share, and Trends 2025 to 2034

Digital Patient Monitoring Devices Market Size and Forecast 2025 to 2034

The global digital patient monitoring devices market size was estimated at USD 12.94 billion in 2024 and is anticipated to reach around USD 122.75 billion by 2034, expanding at a CAGR of 25.23% from 2025 to 2034. 

Digital Patient Monitoring Devices Market Key Takeaways

• North America dominated the digital patient monitoring devices market with share of 41% in 2024.
• Asia Pacific is expected to grow with the highest CAGR during the forecast period.
• By type, the wearable devices segment led the industry.
• By type, the mHealth segment is likely to experience the fastest growth rate during the forecast period.
• By product, the diagnostic monitoring devices segment held the largest share of the market.
• By product, the therapeutic monitoring devices segment is projected to witness the fastest CAGR during the forecast period.

What is the Role of AI in Digital Patient Monitoring Devices?

AI plays a significant role in the digital patient monitoring devices market. The integration of AI in patient monitoring devices helps in enhancing patient care and enabling early interventions. Also, AI-based devices help in analyzing patient data for healthcare providers to identify health issues and take action as per requirement. Moreover, AI algorithms help in detecting subtle changes in vital symptoms that may indicate potential health risks associated with different patients. 

• In October 2024, Samsung launched an AI-based device named as Galaxy Ring. This device comes with advanced features that helps in remote health monitoring.

U.S. Digital Patient Monitoring Devices Market Size and Growth 2025 to 2034

The U.S. digital patient monitoring devices market size was evaluated at USD 3,71 billion in 2024 and is predicted to be worth around USD 35.48 billion by 2034, rising at a CAGR of 25.32% from 2025 to 2034.

North America dominated the digital patient monitoring devices market. The rising prevalence of diabetes among people is driving the market for digital patient monitoring devices in the U.S. Also, the government of Canada and the U.S. has made several investments for advancing technologies related to healthcare sector. Moreover, the healthcare providers are adopting wireless monitoring devices for detecting the health conditions of the people of this region. Furthermore, the presence of several companies such as Abbott, GE Healthcare, VitalConnect and some others has played a crucial role in shaping the industry in a positive direction.

Asia Pacific is expected to grow with the highest CAGR during the forecast period. Due to increased prevalence of chronic disease and the growing elderly population, as well as the growing number of smartphone users across the region, Asia-Pacific is predicted to see significant market expansion in the digital patient monitoring devices market. Also, government of several countries such as India, Japan, South Korea and some others have launched several digital patient monitoring platforms to enhance the healthcare procedures. Moreover, the rising awareness of telehealth services among the people is likely to propel the growth of the digital patient monitoring devices market in this region.

Market Overview

Digital patient monitoring devices market is a subset of telehealth market that uses digital technologies to collect medical and other types of data about patients outside of the healthcare system. The blood pressure, blood sugar, weight, and oxygen levels are all examples of data that can be sent to healthcare professionals or doctors using a telehealth computer system and software that can be loaded on a smartphone, computer, or tablet. Digital patient monitoring devices assists health workers in monitoring the condition of patients from all over the world and enhancing the quality of care provided to each and every patient. 

The surge in demand for digital patient monitoring tools for chronic disease management, as well as the robust growth of the geriatric population worldwide with ailments that require quick treatments, such as heart stroke, diabetes, and chronic diseases is the fundamental factors driving the market demand for digital patient monitoring devices. This industry is expected to rise significantly with the growth of the medical devices industry in different parts of the world

Digital Patient Monitoring Devices Market Growth Factors

• Increasing prevalence of chronic diseases such as cardiovascular diseases, diabetes, & hypertension and some others.
• Rapid adoption of these devices to improve service quality and cut costs.
• Rising healthcare expenditure in emerging nations.
• Advancements in healthcare technology.
• Growing trend of wireless monitoring devices.
• Launch of several IoT-based health monitoring devices.
• The rising awareness of telemedicine across the world.
• Increased application of these devices in hospitals and clinics.

Market Scope

Market Dynamics

Driver

Rising Demand for Smartwatches 

The trend of wearables has grown rapidly in different parts of the world. Among the wearables, the demand for smart watches has increased significantly for monitoring several health conditions such as blood pressure, glucose, oxygen level and some others. These smart watches are integrated with advanced technologies for providing accurate insights about human body. Moreover, these devices can be connected with smartphones and can be used via different apps. Thus, the growing demand for smartwatches to enhance remote patient monitoring is expected to boost the market growth.

In September 2024, Amazfit launched GTR 4 smartwatch in India. This smartwatch comes with several healthcare features such as sleep monitoring, heart rate monitoring and stress monitoring.

Restraint

Internet Problems & Lack of Knowledge 

The lack of adequate internet connectivity in developing and underdeveloped regions, as well as a lack of knowledge and value recognition of digital patient monitoring devices, are projected to restrain the global digital patient monitoring devices market growth during the forecast period. 

Opportunity

Advancement in Sensor Technology 

There are different types of sensors used in healthcare monitoring devices that helps in detecting numerous health conditions in patients. Nowadays, the application of wearable sensor has increased rapidly for several applications such as detecting heart rate, blood pressure, and oxygen levels. Moreover, the growing adoption of implantable sensors for monitoring internal organs has gained traction. Thus, advancements in medical sensors is expected to create opportunities for the market players in the upcoming days to come.

Type Insights

The wearable devices segment led the industry. The wearable devices consist of blood pressure monitors, wearable ECG monitors, wearable biosensors and some others. The wearable device adoption across numerous application sectors, customer preference for linked devices, and the growing population of IoT and related devices are all driving the growth of the wearable devices segment. This, in turn drives the market growth.

The mHealth segment is likely to experience the fastest growth rate during the forecast period. Growing smartphone and internet connectivity penetration, as well as supportive government initiatives, is among the primary factors driving segment expansion. The segment is predicted to rise due to rising demand for preventative healthcare and increased funding for mHealth entrepreneurs. The rise in number of mHealth platforms and mobile apps is driving the market expansion.

Product Insights

The diagnostic monitoring devices segment held the largest share of the market. The growth of the segment can be linked to an increase in demand for diagnostic monitoring devices that measure, record, distribute, and show a variety of biometric parameters such as temperature, oxygen, and blood pressure. The technological advancements in diagnostic monitoring devices for providing accurate insights about the health condition of the patient is driving the market growth.

The therapeutic monitoring devices segment is projected to witness the fastest CAGR during the forecast period. The rising prevalence of chronic diseases such as cancer in emerging nations such as China and India are predicted to present a wide range of potential prospects for therapeutic monitoring devices competitors. The rapid adoption of these devices for analyzing the effect of medicines in human beings has driven the industrial expansion.

Key Companies & Market Share Insights

Due to the company’s strong focus on research and development (R&D), Philips N.V. occupied a prominent position in the market. Maternal Patch and Pod and Avalon CL, an obstetrics monitoring solution, will be available in the U.S. in June 2020. The key market players are adopting marketing strategies such as partnership, acquisition, merger and acquisition, and joint venture to create prominent position in the digital patient monitoring devices market.

Digital Patient Monitoring Devices Market Companies

• Siren
• GE Healthcare
• ResMed
• AT&T
• ATHENAHEALTH Inc.
• FitBit Inc.
• Koninlijke Philips N.V. AB
• Abbott
• Garmin Ltd.
• VitalConnect

Industry Leaders’ Announcements

• In October 2024, Robert B. Ford, the CEO of Abbott announced to revamp FreeStyle Navigator. FreeStyle Navigator is a diabetes monitoring device that is expected to cater around 500 million diabetes patients across the world.

Recent Developments

• In July 2024, Kore launched mCareWatch 241. mCareWatch 241 is a smartwatch that comes with emergency assistance, call capabilities, GPS tracking, rfall detection, a pedometer, a geo-fence alarm, non-movement detection, heart rate monitor, and helps in enhancing virtual patient monitoring.  
• In June 2024, Prevounce Health launched Pylo GL1-LTE.  Pylo GL1-LTE is a digital blood glucose monitoring device that finds numerous applications in treating diabetes.
• In May 2024, OMRON Healthcare collaborated with AliveCor. This collaboration is done for launching healthcare monitoring devices in India.

Segments Covered in the Report

By Type

• Wireless Sensor Technology
• mHealth
• Telehealth
• Wearable Devices
• Remote Patient Monitoring
  • Hospital Inpatient
  • Ambulatory Patient
  • Smart Home healthcare

By Product

• Diagnostic Monitoring Devices
  • Vital Sign Monitors
  • Sleep Monitors
  • Fetal Monitors
  • Neuromonitors
  • Other Monitors
• Therapeutic Monitoring Devices
  • Insulin Monitors
  • Respiratory Monitors
  • Other Monitors

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
• MEA
• Rest of the World