China Digital Patient Monitoring Devices Market Size & Outlook
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- Digital Patient Monitoring Devices Market Outlook
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China digital patient monitoring devices market highlights
- The China digital patient monitoring devices market generated a revenue of USD 5,704.8 million in 2023 and is expected to reach USD 34,579.5 million by 2030.
- The China market is expected to grow at a CAGR of 29.4% 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 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 |
Other key industry trends
- In terms of revenue, China accounted for 4.1% 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 Asia Pacific, Japan digital patient monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 34,579.5 million by 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.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | www.fitbit.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
China 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 Outlook 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.
- China Digital Patient Monitoring Devices Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wireless Sensor Technology
- mHealth
- Telehealth
- Wearable Devices
- Remote Patient Monitoring
- China Digital Patient Monitoring Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostic Monitoring Devices
- Therapeutic Monitoring Devices
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Horizon Databook provides a detailed overview of country-level data and insights on the China Digital Patient Monitoring Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Digital Patient Monitoring Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Digital Patient Monitoring Devices Market, 2018-2030 (US$M)
China Type - Digital Patient Monitoring Devices Market Statistics, 2023 - 2030 (US$M)
