US Patient Monitoring Market Size

Statistics for the 2023 & 2024 US Patient Monitoring market size, created by Mordor Intelligence™ Industry Reports. US Patient Monitoring size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of US Patient Monitoring Industry

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US Patient Monitoring Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 15.07 Billion
Market Size (2029) USD 21.52 Billion
CAGR (2024 - 2029) 7.61 %

Major Players

US Patient Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Patient Monitoring Market Analysis

The US Patient Monitoring Market size is estimated at USD 15.07 billion in 2024, and is expected to reach USD 21.52 billion by 2029, growing at a CAGR of 7.61% during the forecast period (2024-2029).

  • The market is expected to grow with the rising prevalence of chronic diseases due to lifestyle changes and a growing preference for home and remote monitoring.
  • The prevalence of chronic diseases is on the rise in the United States, which is expected to create more demand for patient monitoring for the management of diseases. For instance, according to data published by the CRT Group Foundation in August 2022, the number of individuals living with hypertension would increase by 27.2% to 162.5 million from 127.8 million from 2025 to 2060. Further, according to the data published by the United States Census Bureau in November 2022, more than 34 million adults were recorded to live with diabetes in the United States, and it was estimated that 88 million more individuals were at risk of developing the disease. Also, the adoption of remote and home-based patient monitoring has been increasing.
  • Moreover, the growing burden of cancer is expected to increase the demand for patient care monitor solutions due to the long-term care required in cancer, contributing to the market growth over the forecast periods. For instance, according to the data updated by the American Cancer Society 2024, 1.96 million new cancer cases are expected to occur in the United States by the end of 2023, which increase to 2 million by 2024. Thus, the high burden of cancer is expected to increase demand for patient monitoring solutions is expected to boost the market growth over the forecast period.
  • The market players are engaged in strategic activities such as product launches, mergers, and acquisitions, which are likely to contribute to the growth of the market over the forecast period. For instance, in January 2022, Omron Healthcare launched heart-focused remote patient monitoring. This launch would expand digital health services to consumers and monitor risks of heart disease and other ailments.
  • Therefore, owing to the aforementioned factors, the studied market is anticipated to witness growth over the analysis period. However, the resistance from healthcare industry professionals toward the adoption of patient monitoring systems is likely to impede market growth.

USA Patient Care Monitoring Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)