How Big is the Patient Monitoring Market | Global Industry Analysis & Key Drivers 2025

Code: MTA7777 Publication Date: Aug 2025

What is the size of Patient Monitoring Market?

According to 6Wresearch internal database and industry insights, the Global Patient Monitoring Market was estimated at USD 18.7 billion in 2024 and is projected to reach USD 35.1 billion by 2031, expanding at a CAGR of 9.5% during the forecast period 2025-2031.

There are various factors which are contributing in the growth of Patient Monitoring Market include rising prevalence of chronic diseases, increasing demand for remote and continuous monitoring, and advancements in wearable and connected health technologies.

Key Growth Drivers of the Patient Monitoring Market

  • Growing cases of cardiovascular and respiratory disorders in middle-aged populations
  • Increasing adoption of wireless and wearable monitoring solutions for continuous health tracking
  • Government initiatives promoting telehealth and home-based care models
  • Technological innovations in sensor accuracy and real-time data integration
  • Expanding the healthcare infrastructure in emerging economies boosting device deployment

Patient Monitoring Market Trends

Patient Monitoring Market is witnessed for strong growth with integration of AI and machine learning to enable predictive patient care. Other trends such as miniaturized and non-invasive devices are favoured for better patient compliance. Further, the remote monitoring platforms facilitating telehealth consultations are becoming widely used. The enhanced interoperability with electronic health record systems is improving clinical workflows.

Emerging Developments in the Patient Monitoring Market

Patient Monitoring Market is seeing some developments in the recent years which include multi-parameter wearable devices combining ECG, SpO2, and blood pressure monitoring. Other trends such as cloud-based platforms for seamless data exchange between patients and providers are growing. Further, the sensor fusion technologies are advancing comprehensive health monitoring. Also, there is increase in battery life and energy-efficient designs are supporting long-term use.

List of Leading Companies in the Patient Monitoring Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.Medtronic plc

Company NameMedtronic plc
Establishment Year1949
HeadquarterDublin, Ireland
Official WebsiteClick here

This is a global leader who offers a wide range of patient monitoring products focused on chronic disease and critical care management.

2.Philips Healthcare

Company NamePhilips Healthcare
Establishment Year1891
HeadquarterAmsterdam, Netherlands
Official WebsiteClick here

This company is recognized for innovation in connected care and provides patient monitoring solutions including ICU monitors, wearable sensors, and telehealth platforms. 

3.GE Healthcare

Company NameGE Healthcare
Establishment Year1994
HeadquarterChicago, Illinois, United States
Official WebsiteClick here

This company who offers comprehensive monitoring systems with real-time analytics and cloud connectivity, catering mainly to acute care settings.

4.Abbott Laboratories

Company NameAbbott Laboratories
Establishment Year1888
HeadquarterAbbott Park, Illinois, United States
Official WebsiteClick here

This company who majorly focused on advanced biosensor technology and delivers innovative monitoring devices including continuous glucose and cardiac monitors. 

5.Siemens Healthineers

Company NameSiemens Healthineers
Establishment Year1847
HeadquarterErlangen, Germany
Official WebsiteClick here

This company develops advanced monitoring devices with AI-driven analytics primarily for emergency and critical care. 

6.Masimo Corporation

Company NameMasimo Corporation
Establishment Year1989
HeadquarterIrvine, California, United States
Official WebsiteClick here

This company specializes in non-invasive monitoring technologies like pulse oximetry and brain function monitors.

7.Nihon Kohden Corporation

Company NameNihon Kohden Corporation
Establishment Year1951
HeadquarterTokyo, Japan
Official WebsiteClick here

This company is renowned for durable and reliable products and provides a broad portfolio of patient monitoring systems including telemetry and vital signs monitors. 

8.Hill-Rom Holdings, Inc.

Company NameHill-Rom Holdings, Inc.
Establishment Year1915
HeadquarterBatesville, Indiana, United States
Official WebsiteClick here

This company offers integrated patient monitoring and care solutions with a focus on smart beds and clinical workflow efficiency. 

How Big is the Patient Monitoring Market : FAQ's

The Patient Monitoring market was estimated at USD 18.7 billion in 2024 and is projected to reach USD 35.1 billion by 2031.
Growth is driven by aging population, chronic disease prevalence, and technological advances in connected monitoring.
Hospitals, home care, and telehealth providers are few major adopters of patient monitoring solutions.
Major companies include Medtronic, Philips Healthcare, GE Healthcare, Abbott, Siemens Healthineers, Masimo, Nihon Kohden, and Hill-Rom.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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