Italy Digital Patient Monitoring Devices Market Size & Outlook
Italy digital patient monitoring devices market, 2018-2030 (US$M)
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Italy digital patient monitoring devices market highlights
- The Italy digital patient monitoring devices market generated a revenue of USD 3,640.8 million in 2023 and is expected to reach USD 17,351.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 25% 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.
Digital patient monitoring devices market data book summary
| Market revenue in 2023 | USD 3,640.8 million |
| Market revenue in 2030 | USD 17,351.3 million |
| Growth rate | 25% (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 |
Other key industry trends
- In terms of revenue, Italy accounted for 2.6% of the global digital patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK digital patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 51,134.9 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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Italy 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 Italy 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.
According to the 2019 World Population Ageing report, in Italy, population aged 65 years or above was 23% (13.93 million) in 2019, and this is expected to reach 27.9% (16.46 million) in 2030. Hence, growing elderly population, which is more susceptible to chronic diseases, is anticipated to drive the digital patient monitoring devices market.
Furthermore, according to the International Diabetes Federation (IDF), there will be approximately 3,669,400 cases of diabetes in adults in Italy by 2020.The prevalence of diabetes in the adult population is 8.3%.
Owing to the aforementioned factors, digital patient monitoring devices market is expected to show significant growth over the forecast period. Some major companies operating in Italy are Abbott Laboratories, Nihon Kohden Corporation, Koninklijke Philips NV, Dragerwerk AG & Co. KGaA, and GE Healthcare.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy digital patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Italy digital patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy digital patient monitoring devices market size, by type, 2018-2030 (US$M)
Italy Digital Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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