World's Top 50 Companies in Patient Monitoring Devices in 2025 Watch List: Statistics Report (2024-2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Patient Monitoring Devices Market Size is projected to grow from USD 52.08 Billion in 2024 to USD 112.08 Billion by 2035, at a CAGR of 7.97 % during the forecast period 2025–2035. Future opportunities in the patient monitoring devices market include AI integration, remote monitoring expansion, wearable tech adoption, personalized healthcare solutions, telehealth synergy, and increased demand from aging populations and chronic disease management.
Introduction
The patient monitoring devices market refers to the segment of medical technology that involves devices used to continuously observe, record, and transmit vital physiological data such as heart rate, blood pressure, oxygen saturation, and respiratory rate. These devices are essential in hospitals, clinics, and home care settings to ensure timely diagnosis, treatment, and management of various health conditions. Key driving factors include the rising prevalence of chronic diseases, a growing elderly population, increasing demand for remote and home-based healthcare, advancements in wireless and wearable technologies, and the integration of artificial intelligence and telemedicine into patient care systems.
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Patient Monitoring Devices Market Size & Statistics
- The market for patient monitoring devices was estimated to be worth USD 52.08 Billion in 2024.
- The market is going to expand at a CAGR of 7.97 % between 2025 and 2035.
- The Global Patient Monitoring Devices Market Size is anticipated to reach USD 112.08 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the patient monitoring devices market.
- North America is expected to grow the fastest during the forecast period in the Patient Monitoring Devices market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the patient monitoring devices market. The area is anticipated to become a profitable market for monitoring device producers due to a rise in chronic disease rates, higher intake of unhealthy foods, significant healthcare spending, and supportive health insurance policies. Moreover, the rapidly expanding startup ecosystem in this area, fueled by an influx of capital, is anticipated to spur further research and development efforts aimed at creating new healthcare technologies, which will likely enhance market growth.
Asia Pacific is expected to generate the highest demand during the forecast period in the patient monitoring devices market. This increase is primarily attributed to an elderly population. The rising accessibility of sophisticated patient monitoring technology, including wearable devices, wireless monitors, and remote monitoring systems, is fulfilling the escalating demand for such technologies in APAC nations. The APAC region is emerging as a center for medical tourism, attracting patients in search of high-quality healthcare services, including innovations in surgical techniques and improved patient monitoring. Moreover, the Asia Pacific market is anticipated to grow substantially due to a combination of demographic, economic, and technological influences.
Top 5 Emerging Patient Monitoring Solutions Impacting the Healthcare Industry
1. Kura Care – Artificial Intelligence (AI) Health Platform
Technologies like artificial intelligence, machine learning, and the Internet of Things (IoT) allow healthcare professionals to observe patients' health and wellness from a distance. Ongoing monitoring of patients with cardiovascular diseases and diabetes helps them maintain normal lives while offering essential medical assistance during emergencies. For this purpose, startups create AI-driven solutions to track patients' vital signs and enhance overall healthcare delivery. The startup Kura Care, located in the US, develops an AI-driven platform for healthcare providers and patients alike. Using its mobile app kardioPAC, the startup's solution documents and monitors a patient's vital signs and, based on this data, creates clinical reports for healthcare providers to regularly share with their patients.
2. Evitalz – Telehealth Diagnostics
Remote clinical healthcare is essential for patients unable to travel. Technological progress in digital communication allows healthcare providers to offer their services to individuals globally in real-time. To enhance healthcare access, including in very isolated areas, startups are creating telehealth options for the sector. Evitalz, an Indian digital healthcare startup, offers wireless smart medical devices that track patients' vital signs. The intelligent devices gather health information and transmit it to iOS and Android systems. The startup provides a safe cloud-based system for managing diabetes that offers support for treatment decisions, enabling healthcare providers to assist patients more effectively.
3. SmartPeep – Patient Safety Monitoring
Generally, elderly individuals in hospice care and other assisted living environments need additional oversight because of their age and health status. Tracking chronic illnesses in older adults through technologies like the Internet of Medical Things (IoMT) alleviates the burden on staff, enabling them to focus their personal care on patients requiring immediate help. The Singaporean company SmartPeep creates an AI-powered patient monitoring system for hospitals and eldercare institutions. SmartPeep alerts nurses when a patient falls in shared spaces or within their room. Swift and prompt notifications like this assist nurses in delivering enhanced healthcare and boosting overall service effectiveness.
4. Studio1Labs – Hospital Fabrics
Advancements in IoT, such as wearables and embedded biosensors, have gained significant traction, revolutionizing the healthcare sector. These comprise portable gadgets for real-time monitoring of glucose levels, blood pressure, and pulse rates. By employing this method, startups create sensor-driven solutions that enable hospitals to effectively track their patients and offer prompt support when needed. Canadian company Studio1Labs employs fabric sensor technology to create intelligent bedsheets. The startup's sensor-equipped bedsheets monitor breathing patterns and detect pressure sores in patients confined to bed. The system allows hospitals to track patient vital signs without requiring physical connections.
5. Medisanté – Remote Patient Monitoring
Older adults and residents of rural regions frequently face challenges when trying to access healthcare providers compared to those living in urban areas. This generates the necessity for startups to design solutions that allow patients to access healthcare from the ease of their own homes. Improvements in wearable tech and linked medical devices enable remote patient monitoring and deliver real-time medical support. Swiss startup Medisanté provides medical IoT frameworks to utilize the IoT for healthcare teams. The startup allows healthcare professionals and pharmaceutical companies to safely log patient health information without the use of Bluetooth or Wi-Fi. The product lineup of the startup features a blood glucose monitoring device, an electrocardiogram event recorder, and a body composition scale.
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Top 13 Companies Leading the Patient Monitoring Devices Market
- Medtronic Plc
- Mindray Medical
- Omron
- 3M
- Boston Scientific Corporation
- Covidien,
- Drägerwerk AG and Co. KGaA
- GE Healthcare
- Nihon Kohden Corporation
- Biotricity Inc.
- Natus Medical Incorporated
- DexCom, Inc.
- Others
1. Medtronic Plc
Headquarters: Dublin, Ireland
Medtronic Plc is a global leader in medical technology, services, and solutions, operating in over 150 countries. The company provides a comprehensive range of products across cardiovascular, diabetes, neurological, and surgical domains. Its patient monitoring portfolio includes advanced technologies for vital signs, respiratory monitoring, and remote health solutions. Medtronic emphasizes innovation, leveraging data and artificial intelligence to improve outcomes and streamline care. Founded in 1949, the company maintains a strong presence in both developed and emerging healthcare markets. Medtronic continues to focus on minimally invasive care, chronic disease management, and value-based healthcare delivery across its global operations.
2. Mindray Medical International Limited
Headquarters: Shenzhen, China
Mindray Medical is a prominent Chinese medical device manufacturer specializing in patient monitoring systems, diagnostic imaging, and in-vitro diagnostics. Established in 1991, the company serves hospitals and clinics in over 190 countries. Its patient monitoring solutions are widely used in critical care, anesthesia, and emergency settings. Mindray invests heavily in R&D to offer cost-effective and high-performance technologies. Known for its user-friendly devices and scalable platforms, Mindray plays a crucial role in advancing healthcare accessibility in both developed and low-resource settings. The company’s vision focuses on improving medical technology through innovation and delivering better healthcare outcomes worldwide.
3. Omron Healthcare, Inc.
Headquarters: Kyoto, Japan
Omron Healthcare is a global leader in home healthcare monitoring solutions, particularly known for its blood pressure monitors, thermometers, and other personal wellness devices. Founded in 1933, Omron combines precision engineering with digital health innovation to promote preventive healthcare. The company’s focus on remote patient monitoring, IoT-enabled health management platforms, and chronic disease support systems places it at the forefront of personalized care. Omron's commitment to “Going for Zero” a world free of heart attacks and strokes drives its mission. With a presence in over 100 countries, Omron enables users to manage health proactively from home.
4. 3M Company
Headquarters: St. Paul, Minnesota, USA
3M is a diversified global technology and manufacturing company known for innovation across multiple sectors, including healthcare. Its medical solutions division offers patient monitoring products such as electrodes, sensors, and health data interfaces used in operating rooms, ICUs, and diagnostic labs. 3M’s expertise lies in integrating materials science with wearable technology to support accurate, long-term physiological monitoring. With over a century of operational history, 3M operates in more than 70 countries. The company is recognized for its strong R&D culture, commitment to sustainability, and focus on improving patient care outcomes through effective and reliable healthcare technologies.
5. Boston Scientific Corporation
Headquarters: Marlborough, Massachusetts, USA
Boston Scientific is a leading medical device manufacturer that develops innovative solutions for various medical specialties, including cardiology, urology, and neuromodulation. Its patient monitoring technologies support interventional procedures and long-term disease management, especially in electrophysiology and cardiac rhythm care. Established in 1979, Boston Scientific has a strong global footprint and a reputation for delivering minimally invasive technologies that enhance clinical effectiveness and patient safety. The company is committed to transforming lives through medical innovation and addressing complex health challenges with precision tools and integrated digital health platforms. Boston Scientific operates in over 100 countries, collaborating with healthcare providers worldwide.
Are you ready to discover more about the patient monitoring devices market?
The report provides an in-depth analysis of the leading companies operating in the global patient monitoring devices market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Medtronic Plc.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Mindray Medical
- Omron
- 3M
- Boston Scientific Corporation
- Covidien,
- Drägerwerk AG and Co. KGaA
- GE Healthcare
- Nihon Kohden Corporation
- Biotricity Inc.
- Natus Medical Incorporated
- DexCom, Inc.
- Others
Conclusion
The patient monitoring devices market is undergoing a dynamic transformation driven by rapid advancements in technology, shifting patient needs, and evolving healthcare delivery models. With growing emphasis on remote monitoring, personalized care, and AI-powered diagnostics, the industry is poised to reshape how healthcare providers track and manage patient health. Regional demand is fueled by demographic changes, increased chronic disease prevalence, and healthcare infrastructure development. Key players and emerging startups are continuously innovating to deliver smarter, more connected, and accessible solutions. As healthcare systems globally prioritize proactive care, the patient monitoring segment will play an increasingly vital role in future-ready healthcare ecosystems.
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