Market revenue in 2023 | USD 5,704.8 million |
Market revenue in 2030 | USD 34,579.5 million |
Growth rate | 29.4% (CAGR from 2023 to 2030) |
Largest segment | Wearable devices |
Fastest growing segment | MHealth |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital patient monitoring devices market will help companies and investors design strategic landscapes.
Wearable devices was the largest segment with a revenue share of 31.3% in 2023. Horizon Databook has segmented the China digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of chronic disorders as well as growing geriatric population are some of the major factors contributing to the growth of digital patient monitoring devices market in China. As a result of these factors, demand for patient monitoring devices in China has increased over time.
In China, the prevalence of cardiovascular diseases (CVD) has risen in recent decades. According to a 2019 report published in JAMA Cardiology by Liu S et al., the prevalence of CVD has more than doubled since 1990, reaching almost 94 million in 2016.
As a result, the prevalence of patient monitoring devices for cardiology applications has increased, and this is expected to continue. Consequently, this will contribute to the digital patient monitoring devices market's overall growth. Additionally, factors such as new product launches, and presence of global players expected to drive growth of market.
Horizon Databook provides a detailed overview of country-level data and insights on the China digital patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into China digital patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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