Physiological Monitors Industry Share, Demand, and Future Forecast

Physiological Monitors Market Projected to Expand at 6.87% CAGR Through 2028

The Global Physiological Monitors Market size was valued at USD 41.11 Billion in 2022 and is projected to grow at a CAGR of around 6.87% during the forecast period, i.e., 2023-28. The market for physiological monitors is thriving, driven by rapid advancements in medical technology and the growing demand for innovative healthcare solutions. Besides, supportive government initiatives and increasing investments in healthcare infrastructure across various regions have also created a conducive environment for market growth.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Physiological Monitors Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Product

Hemodynamic Monitoring Devices
Neuromonitoring Devices
Cardiac Monitoring Devices
Fetal and Neonatal Monitoring Devices
Respiratory Monitoring Devices

By Application

Cardiology
Neurology
Respiratory
Fetal and Neonatal
Weight Management

Among all applications, Cardiology garnered the highest share of the Global Physiological Monitors Market in 2022. Cardiovascular diseases are prevalent worldwide, and cardiac monitoring devices have become essential tools in both inpatient & outpatient settings.

By End User

Hospitals and Clinics
Home Settings
Ambulatory Surgical Centers
Others

By Company

Revenue Shares
Competition Characteristics

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

In 2022, North America emerged as the dominant region in the Physiological Monitors Market, accounting for the majority revenue share. It owes to the increasing prevalence of chronic diseases, the availability of advanced healthcare technologies, and the mounting demand for wireless & cost-effective monitoring systems.

These divisions help clarify demand patterns and expected shifts.

Market Driver

Growing Incidence of Chronic Diseases Worldwide: With the rise in aging populations and the growing prevalence of sedentary lifestyles, chronic conditions have become major public health concerns, especially after the covid-19 pandemic. According to the World Health Organization (WHO), chronic conditions like cardiovascular diseases, cancer, diabetes, & respiratory illnesses will contribute to 86 percent of the estimated 90 million annual deaths by 2050. This projection indicates a remarkable 90 percent increase in absolute numbers since 2019, emphasizing the need for effective preventive measures, early detection, & improved management strategies. As the prevalence of chronic diseases continues to surge, physiology monitors will become even more crucial in providing personalized & proactive healthcare solutions and, in turn, drive the global physiology monitors market during the forecast period.

Physiological Monitors Market Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global Physiological Monitors Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Honeywell International Inc.
A&D Company Limited
Panasonic Holdings Corporation
Boston Scientific Corporation
Abbott Laboratories
Medtronic Plc
General Electric
OMRON Healthcare Co., Ltd.
Koninklijke Philips N.V

Their activities include partnerships, product launches, and geographic expansions.

Physiological Monitors Industry Trends

Rising Utilization of Remote Patient Monitoring & Wearable Devices: As telehealth & remote patient monitoring devices continue to gain traction, CGMs (Continuous Glucose Monitors) are being increasingly adopted as an essential tool for diabetes patients, especially those on dialysis. In addition, wearable sensors are also being proved valuable in combating infectious diseases. The integration of artificial intelligence (AI) into these devices has shown remarkable potential in predicting & preventing future health risks, i.e., further accelerating their demand and driving the physiological monitors market.

In April 2022, a study demonstrated how wearable sensors detect and manage COVID-19. By continuously monitoring vital signs and physiological parameters, these sensors can play a crucial role in detecting and managing infectious diseases, contributing to public health efforts.
In December 2021, researchers from the University of Buffalo created an AI model that analyzes metabolic and cardiovascular biomarkers to identify potential health risks in patients. This technology promises to revolutionize personalized healthcare by allowing proactive measures to be taken before serious health issues arise.

Frequently Asked Questions (FAQs):

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