The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising global demand for remote monitoring is expected to drive innovation in digital health monitoring device manufacturing, propelling the market during the forecast period.

The global digital health monitoring devices market is expected to grow from $4.75 billion in 2022 to $5.66 billion in 2023, at a compound annual growth rate (CAGR) of 19.3%. The digital health monitoring devices market is expected to grow to $11.44 billion in 2027 at a CAGR of 19.2%.

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Global digital health monitoring devices Market Segments Include:

• By Type: Tele-health, EHR/EMR, M-Health, Wireless Health, Remote Patient Monitoring
• By Product type: Device, Software, Services, Other Products
• By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings, and Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global digital health monitoring devices market in 2021.

Major Market Players in the digital health monitoring devices market include GE Healthcare, AT&T, ResMed, Abbott, Koninklijke Philips N.V. AB, Hill-Rom Services Inc., Medtronic, Garmin Ltd., VitalConnect, Siren Care.

Technological innovation is a key trend that is gaining traction in the market for digital health monitoring devices. Companies in the digital health monitoring devices market are focusing on using machine learning, clinical innovation, and artificial intelligence (AI) to monitor patients’ health as well as to gain a competitive edge in the market. Tabula Rasa HealthCare (TRHC), a US-based healthcare company that develops healthcare software products, for example, launched a remote patient monitoring service in August 2021 that uses artificial intelligence and biosensors to monitor patients’ vital signs and alerts providers if necessary. Similarly, Max Healthcare, an India-based healthcare provider, launched Max MyHealth, an integrated patient monitoring framework based on artificial intelligence, in June 2021. (AI). With clinical devices integrated into the app, patients can use the Max MyHealth platform to monitor their vital signs. This allows clinical measurements to flow seamlessly from device to app to electronic medical record (EMR) for physician review.

The Digital Health Monitoring Devices Global Market Report 2023  provides a digital health monitoring devices market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital health monitoring devices market forecast analyzes digital health monitoring devices market size, digital health monitoring devices market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Devices used to monitor and analyse acute or chronic conditions outside of the hospital or clinic setting are known as digital health monitoring devices. These devices digitally track and monitor people’s health and provide easy access to relevant information, thereby improving healthcare quality and delivering value to healthcare practitioners, patients, hospitals, and governments.

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