Europe Digital Patient Monitoring Devices Market Size & Outlook
Europe digital patient monitoring devices market, 2018-2030 (US$M)
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Europe digital patient monitoring devices market highlights
- The Europe digital patient monitoring devices market generated a revenue of USD 47,834.4 million in 2023.
- The market is expected to grow at a CAGR of 25.2% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 47,834.4 million |
| Market revenue in 2030 | USD 230,290.0 million |
| Growth rate | 25.2% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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 |
Other key industry trends
- In terms of revenue, Europe region accounted for 34.1% of the global digital patient monitoring devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 126,721.1 million by 2030.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe digital patient monitoring devices market outlook
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 Europe 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.
The UK, France, Germany, Italy, and Spain are the main markets in this region. Increasing geriatric population in developed countries, such as the UK, Germany, Italy, & France, and presence of high unmet needs in the Eastern Europe are some factors anticipated to drive growth over the forecast period.
Increasing prevalence of chronic diseases due to lifestyle changes, ease of use & portability of these devices, and demand for home-based monitoring are some of the major factors likely to drive the market. However, factors such as high cost of technology and stringent regulatory framework are impeding growth of the market in developing countries of Europe.
Other factors contributing to growth of this region are local presence of major market players, technological advancements, and growth in business activities, such as new product launches and mergers & acquisitions.
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Our clientele includes a mix of digital patient monitoring devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe digital patient monitoring devices market , including forecasts for subscribers. This continent databook contains high-level insights into Europe digital patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe digital patient monitoring devices market size, by country, 2018-2030 (US$M)
Europe Digital Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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