India Patient Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The India Patient Monitoring Market is Segmented By Device Type (Hemodynamic Monitoring Device, Neuro-monitoring Device, Cardiac Monitoring Device, Respiratory Monitoring Device, Multi-parameter Monitors, and Other Device Types), Target Area (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Monitoring, Remote Monitoring, Weight Management, and Fitness Monitoring, and Other Target Areas), and End Users (Home Healthcare, Hospitals and Clinics, and Other End Users). The report offers the value (in USD million) for the above segments.

India Patient Monitoring Market Size

India Patient Monitoring Market Summary
Study Period: 2019-2027
CAGR: 9.39 %

Major Players

India Patient Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and it's growth?

India Patient Monitoring Market Analysis

The India Patient Monitoring Market is expected to register a CAGR of 9.39% over the forecast period.

The outbreak of COVID-19 impacted the patient monitoring devices market significantly. The demand for patient monitoring devices has witnessed significant growth during the COVID-19 pandemic due to the increasing number of COVID-19 cases which require continuous patient monitoring. Furthermore, companies increased their manufacturing of critical or essential medical devices during the COVID-19 pandemic. For instance, ResMed produced approximately 150,000 ventilators in response to the global pandemic since the start of the year 2020, more than tripling its output of this potentially life-saving equipment compared to the same period in 2019. As per Medtronic's 2022 annual report, COVID-19 is having and will continue to have a significant impact on patient monitoring. It also stated that there is a continuous acceptance and growth in patient monitoring, led by the Nellcor pulse oximetry sensors and SonarMed Airway Monitoring System for the NICU in the fiscal year 2022. Hence, the COVID-19 pandemic had a positive impact on the market growth and the market is growing significantly and is likely to grow over the forecast period.

The key factors propelling the market are the rising incidences of chronic diseases due to lifestyle changes, growing preference for home and remote monitoring, and ease of use and portability of devices. Remote patient monitoring provides increased patient accountability, chronic condition management, and other benefits that are leading to its widespread adoption, thereby contributing to market growth. India is among the top three countries with a high incidence of diabetes. According to the International Diabetes Federation, the estimated number of diabetes patients in the 20-79 age group was 74.2 million in 2021 and is expected to increase to 124.8 million by 2045. Furthermore, the elderly population who is more prone to chronic diseases is also likely to create demand for advanced patient monitoring devices over the forecast period. For instance, according to the Report of the Technical Group on Population Projections for India and States 2011-2036, there were 138 million elderly persons in India in 2021 and is further expected to increase by around 56 million elderly persons by 2031. Thus, this increase in the geriatric population along with the increase in chronic diseases is expected to drive the patient monitoring market.

Additionally, according to an article published by HT Digital Streams Ltd, in March 2022, with the use of an AI-powered triaging system, Apollo Hospitals has introduced an intelligent in-patient room automation system that continually tracks a patient's respiration rate, heart rate, and other clinical indicators from a distance. Apollo has also set up IoT-enabled smart health kiosks for screening and diagnosing different health parameters at several places. Furthermore, in March 2022, Manipal hospital also started using the Fitbit-ConnectedLife solution in Bengaluru but plans to expand it to all its tier-1 branches across Delhi, Pune, and Goa. Thus, the growing preference advaned remote monitoring solutions in hospitals is expected to drive market growth.

However, the high cost of technology is expected to hinder market growth over the forecast period.

India Patient Monitoring Industry Segmentation

As per the scope of this report, patient monitoring consists of devices and equipment that are used to continuously monitor a patient’s vital parameters using a medical monitor and collect medical and other forms of health data. The India Patient Monitoring Market is Segmented By Device Type (Hemodynamic Monitoring Device, Neuro-monitoring Device, Cardiac Monitoring Device, Respiratory Monitoring Device, Multi-parameter Monitors, and Other Device Types), Target Area (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Monitoring, Remote Monitoring, Weight Management, and Fitness Monitoring, and Other Target Areas), and End Users (Home Healthcare, Hospitals and Clinics, and Other End Users). The report offers the value (in USD million) for the above segments.

By Type of Device
Hemodynamic Monitoring Device
Neuro-monitoring Device
Cardiac Monitoring Device
Respiratory Monitoring Device
Multi-parameter Monitors
Other Device Types
By Target Area
Fetal and Neonatal
Weight Monitoring
Remote Monitoring
Weight Management and Fitness Monitoring
Other Target Areas
By End User
Home Healthcare
Hospitals and Clinics
Other End Users

Report scope can be customized per your requirements. Click here.

India Patient Monitoring Market Trends

This section covers the major market trends shaping the India Patient Monitoring Market according to our research experts:

The Respiratory Segment is Expected to Witness High Growth Over the Forecast Period

Rapid urbanization in the country and a large amount of pollution have contributed to a higher incidence rate of respiratory diseases along with an increasing number of tuberculosis (TB) patients, which is contributing to the growing demand for patient monitoring systems. For instance, according to the article published by the National Library of Medicine, in August 2021, the prevalence of COPD among the population aged 30 years and above in India was found to be 7% in 2021. Such studies demonstrating the prevalence of respiratory diseases in the country are driving the demand for respiratory devices, ultimately boosting market growth. Additionally, according to the National TB Prevalence Survey 2019-2021, the prevalence of all forms of tuberculosis for all ages in India was 316 per lakh population for the year 2021. It also reported that the highest prevalence for all forms of TB was 747 per lakh in Delhi and the lowest was 137 per lakh population in Gujarat in 2021. Further, as per the same source, annual TB cases in India rose 19% to 1,933,381 in 2021. It also stated that India remains the highest contributor to global TB cases accounting for 26% of all the total cases around the world. Thus, increasing cases of tuberculosis and other respiratory diseases contribute to increasing demand for patient monitoring in India.

Besides, companies are developing advanced technologies, receiving approvals from regulatory bodies, launching new products, and forming strategic alliances with the market players to stay competitive in the market. For instance, in April 2022, Sleepiz and SMS Hospital partnered to bring Sleepiz One+ to Ahmedabad. Sleepiz One+ monitors three key vital signs of a patient - pulse rate, blood oxygen saturation, and respiration rate. Hence, such technological advancements and launches are supposed to encourage the growth of the segment.

India Patient Monitoring Market : Estimated Number of New Cases of Trachea, Bronchus and Lung Cancer (In Thousands),India, 2020-2040

Weight Management and Fitness Monitoring Segment is Expected to Witness High Growth Over the Forecast Period

The weight management and fitness monitoring segment is expected to witness significant growth over the forecast period due to the increased prevalence of obesity. For instance, according to the 2022 statistics published by Global Obesity Observatory, there are currently 6.3% obese women and 4.7% obese men in India. It also stated that the percentage of obese boys and girls are 1.8% and 0.9% respectively in the country in 2022. Thus, the increasing number of obesity cases among the population is expected to increase the demand for weight monitoring that help them to manage their weight, thereby supporting the market growth.

Furthermore, product launches for tracking fitness are also expected to drive segmental growth. For instance, in September 2022, Fitbit expanded its smartwatch lineup in India by launching three new fitness trackers. The company has launched Fitbit Versa 4, Fitbit Sense 2 fitness watches, and the Fitbit Inspire 4 fitness tracker. The company claims that all three models sport an improved design and promise to offer better performance. Also, in January 2021, OnePlus launched a fitness band in India that features a 14-day battery life, 5ATM, IP68 water resistance, and a dual-color band design. Such initiatives are expected to drive the market in the forecast period.

Thus, owing to the abovementioned factors, the studied market in India is expected to project growth over the forecast period.

India Patient Monitoring Market : Percentage of Overweight Population, India, 2019-2021

India Patient Monitoring Industry Overview

The India patient monitoring market is fragmented in nature due to the presence of several companies operating in India. The competitive landscape includes an analysis of a few local companies which hold the market shares and are well known including Koninklijke Philips NV, GE Healthcare, BPL Group, Mindray Medical International Limited, Nihon Kohden Corporation, Dragerwerk AG, Spacelabs Healthcare, Schiller, Omron Healthcare Inc., and Life Plus Healthcare (P) Limited, among others.

India Patient Monitoring Market Leaders

  1. BPL Group

  2. Koninklijke Philips N.V.

  3. GE Healthcare

  4. Nihon Kohden Corporation

  5. Mindray Medical International Limited

*Disclaimer: Major Players sorted in no particular order

India Patient Monitoring Market Concentration

India Patient Monitoring Market News

  • In March 2022, Wipro GE Healthcare announced the launch of its new Medical Device Manufacturing factory (MDM) in Bengaluru, India, under the Indian government’s Production Linked Incentive (PLI) Scheme, which is aligned with the National Agenda of ‘Atmanirbhar Bharat’ and will further boost local manufacturing of medical devices such as CT machines, cathlab equipment, ultrasound scanners, patient monitoring solutions, ECG machines and ventilators in India.
  • In September 2021, Medtronic’s Indian subsidiary partnered with Stasis Health to expand access to Statis Monitor, a connected care bedside multi-parameter monitoring system across India.

India Patient Monitoring Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidences of Chronic Diseases Due to Lifestyle Changes

      2. 4.2.2 Growing Preference for Home and Remote Monitoring

      3. 4.2.3 Ease of Use and Portability of Devices to Promote Growth

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Technology

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Type of Device

      1. 5.1.1 Hemodynamic Monitoring Device

      2. 5.1.2 Neuro-monitoring Device

      3. 5.1.3 Cardiac Monitoring Device

      4. 5.1.4 Respiratory Monitoring Device

      5. 5.1.5 Multi-parameter Monitors

      6. 5.1.6 Other Device Types

    2. 5.2 By Target Area

      1. 5.2.1 Cardiology

      2. 5.2.2 Neurology

      3. 5.2.3 Respiratory

      4. 5.2.4 Fetal and Neonatal

      5. 5.2.5 Weight Monitoring

      6. 5.2.6 Remote Monitoring

      7. 5.2.7 Weight Management and Fitness Monitoring

      8. 5.2.8 Other Target Areas

    3. 5.3 By End User

      1. 5.3.1 Home Healthcare

      2. 5.3.2 Hospitals and Clinics

      3. 5.3.3 Other End Users


    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke Philips NV

      2. 6.1.2 GE Healthcare

      3. 6.1.3 BPL Group

      4. 6.1.4 Mindray Medical International Limited

      5. 6.1.5 Nihon Kohden Corporation

      6. 6.1.6 Dragerwerk AG

      7. 6.1.7 OSI Systems Pvt. Ltd (Spacelabs Healthcare)

      8. 6.1.8 Schiller

      9. 6.1.9 Omron Healthcare Inc.

      10. 6.1.10 Life Plus Healthcare (P) Limited

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments.
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India Patient Monitoring Market Research FAQs

The India Patient Monitoring Market is studied from 2019 - 2027.

The India Patient Monitoring Market is growing at a CAGR of 9.39% over the next 5 years.

BPL Group, Koninklijke Philips N.V., GE Healthcare, Nihon Kohden Corporation, Mindray Medical International Limited are the major companies operating in India Patient Monitoring Market.

India Patient Monitoring Industry Report

Statistics for the 2023 India Patient Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Patient Monitoring analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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