Europe Remote Patient Monitoring Devices Market Size & Outlook
Europe remote patient monitoring devices market, 2018-2030 (US$M)
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Europe remote patient monitoring devices market highlights
- The Europe remote patient monitoring devices market generated a revenue of USD 1,336.1 million in 2023.
- The market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product 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 1,336.1 million |
| Market revenue in 2030 | USD 4,135.1 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.8% of the global remote 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 4,403.7 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe remote 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 remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.54% in 2023. Horizon Databook has segmented the Europe remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
The European remote patient monitoring devices market includes the UK and Germany. Rising demand for in-house monitoring and supportive central data management systems, along with growing accuracy and efficiency of remote patient monitors, are high-impact drivers for the remote patient monitoring devices market in European nations.
This region is strategically very important for the distribution of remote patient monitors, as approval by one regulatory authority gives access to the entire region. In addition, the per capita expenditure on healthcare in the region is relatively higher than in developing countries, which aids the growth of the medical devices market. This indirectly fuels the growth of remote patient monitors.
The imminent implementation of the In-vitro Diagnostics Regulation (IVDR) and the new Medical Device Regulation (MDR) is anticipated to drastically change the medical device regulatory scenario in the European Union.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe remote patient monitoring devices market , including forecasts for subscribers. This continent databook contains high-level insights into Europe remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe remote patient monitoring devices market size, by country, 2018-2030 (US$M)
Europe Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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