Vital Signs Monitoring Devices Market Report Size Analysis:

The vital signs monitoring devices market size was valued at USD 8.05 billion in 2024 and is expected to reach USD 16.42 billion by 2032, growing at a CAGR of 8.32% over the forecast period of 2025-2032.

The vital signs monitoring devices market growth is being driven by the increasing prevalence of chronic diseases, including hypertension, respiratory disease, and cardiovascular disease. Increasing demand for home healthcare, wearable devices, and remote patient monitoring is contributing to the growth of the market. The incorporation of AI and other technological improvements, along with wireless technology, is enhancing live monitoring capabilities. The market is expected to grow steadily over the forecast period due to rising healthcare spending across the globe and a conducive regulatory framework.

The U.S. vital signs monitoring devices market size was valued at USD 3.07 billion in 2024 and is expected to reach USD 6.09 billion by 2032, growing at a CAGR of 8.98% over the forecast period of 2025-2032. The U.S. is the leading country in the North American vital signs monitoring devices market due to its developed healthcare infrastructure, high rate of remote patient monitoring adoption, and increasing aging population. Heavy adoption of wearable health technologies and robust regulatory incentives also boost the leading position of the country in the region.

Vital Signs Monitoring Devices Market Dynamics:

Drivers

• Increased Incidence of Chronic Diseases Driving the Market Growth

High prevalence of an unhealthy, sedentary lifestyle, pollution, and an ageing population has led to chronic diseases such as diabetes, cardiovascular diseases, hypertension, and respiratory diseases globally. Such diseases require constant monitoring of vitals such as body temperature, blood pressure, heart rate, and oxygen saturation to prevent complications and ensure that the treatment is going well. The apparatus for monitoring vital signs allows these parameters to be measured immediately, facilitating their continuous remote tracking by health care providers or patients and rapid action in times of need. The rising prevalence of chronic diseases globally is expected to increase the demand for such monitoring equipment in hospitals, clinics, and home care settings.

According to the World Health Organization (WHO), over 70% of all deaths are caused by chronic diseases, and the trend is still on the increase. In 2024, heart disease and diabetes are still among the most common causes.

The American Heart Association pointed out that almost half of U.S. adults suffer from hypertension, generating sustained demand for blood pressure monitoring devices.

• The Increasing Aging Population is Propelling the Market Growth

The percentage of the elderly in the world population is gradually rising. The elderly are vulnerable to chronic illnesses, a suppressed immune system & ailments that need them to be constantly monitored for their health. According to the United Nations, the number of people aged 60 years or older will be 1 billion in 2020 and 1.4 billion in 2030, and 2.1 billion in 2050, rise from 1 in 11 to 1 in 6 of the world's population.
Consequently, an increasing demand exists for simple-to-use, accurate, and non-invasive monitoring devices to handle their health. In addition, the trend towards aging in place, where older people prefer to live independently at home instead of in healthcare facilities, has also contributed to the demand for home-based vital signs monitoring solutions. This population trend is a key long-term vital sign monitoring devices market trend, particularly in markets such as North America, Europe, and Asia-Pacific.                                                                                       

Vital Signs Monitoring Devices Market Segmentation Analysis:

By Product

The blood pressure monitors segment led the vital sign monitoring devices market share with a 47.28% in 2024, due to the widespread global incidence of hypertension and cardiovascular diseases, which require frequent blood pressure monitoring. The increasing population of older adults and rising health awareness among younger populations have also driven greater demand for home-based monitoring solutions. Besides that, technological changes such as digital and wearable BP machines have also simplified these machines as more affordable, easy to use, and with high accuracy levels, which, in turn, has led to their increased acceptance in both the clinical and self-care healthcare sectors.

For instance, in April 2024, GE HealthCare said it received FDA 510(k) clearance for its Portrait VSM vital signs monitor. The product, which is based on the DINAMAP heritage, employs the SuperSTAT non-invasive blood pressure algorithm for accurate measurements.

The fingertip pulse oximeters segment is expected to grow at the fastest rate during the forecast period, supported by the rise in prevalence of respiratory disorders such as COPD, asthma, and sleep apnea. Additionally, due to the COVID-19 pandemic, pulse oximeter usage increased at a desirable rate as it became essentially an indispensable tool for measuring oxygen saturation levels from home. Due to their convenience, easy portability, and user-friendliness, they have been popularized by healthcare professionals and end-users alike, especially in remote and homecare settings. The inclusion of Bluetooth and smartphone integration is well taking their functionality and popularity up a notch as well.

By End-use

The hospitals segment led with 36.12% vital signs monitoring devices market share in 2024, owing to the large patient flow, severe requirement for continuous monitoring, and presence of superior infrastructure in hospitals. Hospitals are the key locus of care for patients with acute and chronic diseases, where vital signs monitoring devices are required for real-time evaluation and management. Additionally, hospital-based monitoring provides professional observation by trained staff, which is essential in intensive care units (ICUs), emergency rooms, and post-surgical care areas.

The home healthcare segment shows the highest growth potential for home-based telehealth programs due to the increasing demand for remote patient monitoring, the rising geriatric population, and the growing trend towards patient-centered care. The establishment of wearable and wireless technologies has made it possible for patients to assess their vital signs, such as blood pressure, oxygen saturation, and temperature, at home. This reduces hospital trips and medical costs and increases patient comfort and adherence to treatment. Chronic illnesses are more frequent, as is the distance that solutions and services can reach tele-based.

May 2024 – Philips Royal, the global health-tech leader, and Masimo, a global pioneer in medical tech, unveiled extending their collaboration towards improving patient monitoring in home-based telehealth care. The joint effort brings Philips' telehealth platform together with the Masimo W1 smartwatch, the latest in a series of wearables tracking patient health, offering more complete patient monitoring from anywhere and tailored personalized healthcare delivery while at home.

Regional Analysis:

In 2024, North America held the market share of 42.2% of the vital sign monitoring devices market owing to the established healthcare infrastructure, high conventional and diagnostic devices usage, and rising acute and chronic disease awareness associated with preventive health care in the region. Favorable government incentives, previous reimbursement policies, and a higher prevalence of chronic diseases such as hypertension, cardiovascular diseases, and diabetes, leading to the need for continuous monitoring of vital parameters, support the overall market. In addition, the growing adoption of remote patient monitoring (RPM) and telehealth technology, especially in the United States and Canada, has boosted the implementation of advanced monitoring devices in healthcare and homecare environments.

The Asia Pacific region is expected to grow faster in the vital signs monitoring devices market and is estimated to grow at a 10.3% CAGR during the forecast period due to of the increasing level of income, propagation of health, as well as the fast-changing older demographic in nations such as China, India, and Japan. Moreover, governments have increased the demand for cost-effective and portable monitoring solutions by investing in digital health infrastructure and economic development. The growing penetration of internet connectivity, wearables, and smartphones is also responsible for the increased use of smart monitoring devices. The high prevalence of chronic diseases and a large patient base also provide huge opportunities for the vital sign monitoring devices market analysis throughout the region.

The vital signs monitoring devices market in Europe is growing due to the increasing prevalence of chronic diseases, the rising geriatric population, and increased focus on early disease detection and preventive care. Germany, the UK, and France are investing heavily in digitizing healthcare and universal remote patient monitoring technologies.

Due to exceptional health infrastructure, vital sign monitoring devices companies, greater focus on patient treatment, and higher healthcare expenditure, Germany holds a prominent position in the European vital signs monitoring devices market. The country boasts a well-established network of hospitals and clinics equipped with state-of-the-art monitoring technology and an array of devices. The rapidly growing geriatric population in Germany, along with the increasing prevalence of chronic diseases such as cardiovascular diseases and respiratory diseases, are the primary factors that are anticipated to increase the demand for continuous vital signs monitoring. The presence of big market players and their interest in digital health activities strengthens Germany's position as a leader in the region.

Latin America and the Middle East & Africa (MEA) are experiencing moderate growth in the vital signs monitoring devices market, mainly as a result of enhanced healthcare infrastructure and increased awareness of chronic disease management. Brazil and Mexico, two of the largest Latino-income nations, are progressively improving access to health technologies, buoyed by greater public health sector expenditure and demand for home or remote monitoring solutions, and will find and sustain their respective entry points in the long term.

The demand for vital signs monitoring devices in the MEA region is driven by healthcare reforms and economic development in countries such as Saudi Arabia, UAE, and South Africa over the last couple of decades. Realistic expectations coupled with low healthcare budgets, low penetration of advanced technologies, and differential access to care in rural or less well-served regions continue to leave growth modest. However, the market potential will gradually open up due to increasing initiatives towards digital health transformation.

Vital Signs Monitoring Devices Market Key Players:

The vital signs monitoring devices companies include GE HealthCare, Philips Healthcare, Medtronic, Masimo, Nihon Kohden, Omron Healthcare, Hillrom, Drägerwerk, Smiths Medical, Contec Medical Systems, and other players.

Recent Developments in the Vital Signs Monitoring Devices Market:

• May 2024 – Medtronic plc, a global leader in medical technology, announced that its HealthCast smart patient monitoring system was selected as the "Best New Technology Solution – Monitoring" at the 8th Annual MedTech Breakthrough Awards for its innovation and contribution in the area of patient monitoring.

• October 2024 – OMNIVISION, a global developer of innovative semiconductor solutions, and Philips, a global leader in healthcare and well-being technology, announced the demonstration of a prototype for the world's first in-cabin connected well-being monitoring solution.

• August 2023 – GE HealthCare has reported that it has obtained 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Portrait Mobile, a wearable and wireless patient monitoring platform. The solution provides real-time continuous monitoring with the ability to keep patients mobile, which is particularly important during post-surgical recovery or following discharge from the intensive care unit (ICU).