Patient Monitoring Devices Market Size, Share, Growth Analysis, By Product (Blood Glucose Monitoring Devices, Cardiac Monitoring Devices), By End User (Hospitals & Clinics, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031

Based on region, North America is dominating the patient monitoring devices market with the largest market share. There are several factors that are contributing to the growth of the market in this region. The increasing prevalence of chronic diseases is one of the primary factors that is fueling the growth. The region is also technologically advanced and is constantly adopting wireless and portable systems for minimizing out-of-pocket expenses. Furthermore, key market players like GE Healthcare, Edward Lifesciences, and Natus Medial are also investing in R&D for advanced patient monitoring device facilities that will drive the market growth. The increasing research and development activities in the region is also contributing towards advancing patient monitoring devices fueling the growth of the market. The rising infectious diseases and the presence of key players are driving the growth of patient monitoring devices.

Asia Pacific is witnessing the fastest growth in patient monitoring devices. This is mostly owing to the adoption of adverse lifestyles like improper diet, physical inactivity, and higher consumption of sugar. This is leading to the prevalence of chronic diseases like obesity and diabetics in this region. Moreover, chronic diseases require regular monitoring for preventing them from becoming fatal for the patients, driving the growth of the market in the region. There is also high demand for patient monitoring devices in the Asia Pacific region due to increasing incidences of heart diseases. Moreover, increasing patient awareness about the blood glucose monitoring devices along with cardiac monitors are resulting to higher adoption of these devices in the region.