Towards Healthcare
Digital Health Monitoring Devices Market to Grow at 18.9% CAGR till 2034

Digital Health Monitoring Devices Market 2025 Insights for Next Decade

Market insights predict the global digital health monitoring devices industry will increase from USD 5.23 billion in 2024 to USD 29.71 billion by 2034, achieving a CAGR of 18.9%. The growing acceptance of telehealth services has increased the demand for remote patient monitoring devices, which is estimated to drive the growth of the digital health monitoring devices market. North America led the global market owing to a robust technological ecosystem characterized by widespread internet connectivity, high smartphone penetration, and a culture of innovation.

Category: Medical Devices Insight Code: 6128 Format: PDF / PPT / Excel

Digital Health Monitoring Devices Market Size, Top Key Players with Growth and Shares

The global digital health monitoring devices market size reached US$ 5.23 billion in 2024 and is anticipate to increase to US$  6.22 billion in 2025. By 2034, the market is forecasted to achieve a value of around US$ 29.71 billion, growing at a CAGR of 18.9%.

Digital Health Monitoring Devices Market Size 2024 to 2034

The digital health monitoring devices market is expanding rapidly, driven by the rising prevalence of chronic diseases, growing consumer demand for personalized health solutions, and advancements in wearable technology and remote monitoring tools. North America dominates the market due to its advanced healthcare infrastructure, strong technological ecosystem, supportive regulatory frameworks, and the presence of leading industry players. Increased telehealth adoption, integration of digital solutions into healthcare and retail, and a focus on proactive patient care are further accelerating market growth.

Key Takeaways

  • Digital health monitoring devices industry poised to reach USD 5.23 billion by 2024.
  • Forecasted to grow to USD 29.71 billion by 2034.
  • Expected to maintain a CAGR of 18.9% from 2025 to 2034.
  • North America held a major revenue share in the digital health monitoring devices market in 2024.
  • Asia-Pacific is expected to witness the fastest growth during the predicted timeframe.
  • By device type, the wearable devices segment registered its dominance over the global market, in which the wearable patches & adhesive biosensors sub-segment is expected to be the fastest-growing segment in 2024.
  • By monitoring parameter/biomarker, the cardiac segment held the largest revenue share in the market in 2024.
  • By monitoring parameter/biomarker, the metabolic segment is expected to show the fastest growth over the forecast period.
  • By technology/sensor type, the optical sensors (PPG) segment held a dominant presence in the digital health monitoring devices market with a share in 2024.
  • By technology/sensor type, the electrochemical sensors segment is expected to witness the fastest growth in the market over the forecast period.
  • By application/use case, the remote patient monitoring (RPM) & chronic disease management segment contributed the biggest revenue share in the market in 2024.
  • By application/ use case, the clinical trials & decentralized trials segment is expected to grow at the fastest CAGR in the market during the forecast period.
  • By end-user, the hospitals & clinics segment accounted for the maximum revenue share in the digital health monitoring devices market in 2024.
  • By end-user, the home healthcare patients & caregivers segment is expected to expand rapidly in the market in the coming years.

Executive Summary Table

Table Scope
Market Size in 2025 USD 6.22 Billion
Projected Market Size in 2034 USD 29.71 Billion
CAGR (2025 - 2034) 18.9%
Leading Region North America
Market Segmentation By Device Type, By Monitoring Parameter / Biomarker, By Technology / Sensor Type, By Application / Use Case, By End-User, By Region
Top Key Players Medtronic, Abbott Laboratories, Philips Healthcare, GE Healthcare, Siemens Healthineers, Roche Diagnostics, Johnson & Johnson, Boston Scientific, ResMed, Masimo, Dexcom, Omron Healthcare, iRhythm Technologies, BioTelemetry (now part of Philips), Withings, Fitbit (Google), Apple, Garmin, Huawei Health / Huawei Technologies, Xiaomi (Huami / Amazfit)

Market Overview

Digital health monitoring devices are electronic tools and wearable technologies designed to continuously track, record, and transmit an individual’s vital health parameters, such as heart rate, blood pressure, glucose levels, oxygen saturation, and physical activity. These devices enable real-time monitoring, early detection of medical conditions, and personalized healthcare management, often integrated with mobile apps or cloud platforms for seamless data analysis and management. The digital health monitoring devices market is expanding rapidly, driven by increasing chronic disease prevalence, rising consumer awareness of health and wellness, technological advancements in wearable sensors, telehealth adoption, and North America’s advanced healthcare infrastructure and supportive regulatory environment.

Adoption of Inorganic Growth Strategies –Inorganic strategies like mergers, acquisitions, and partnerships enable digital health device companies to expand geographically, enhance technology and product portfolios, accelerate R&D, achieve cost efficiencies, strengthen competitiveness, and access larger patient data. These moves drive faster innovation and broader market reach.

  • In March 2025, ATA Action, the advocacy arm of the American Telemedicine Association (ATA), acquired the Digital Therapeutics Alliance (DTA). DTA is the leading international organization focused on expanding access to digital therapeutics. The combined organization creates a strong platform for policy and advocacy, focused on advancing innovative technologies that are transforming patient care.

Funding & Technology Advancements- Funding and technology boost innovation, device accuracy, AI integration, and adoption, driving growth in digital health monitoring devices.

  • In September 2025, Melbourne-based startup Nutromics developed a groundbreaking "lab-on-a-patch" wearable device capable of monitoring hundreds of biomarkers through DNA-based biosensors. The company has raised US$60 million in funding, including US$7.5 million from Dexcom. The patch aims to revolutionize medical diagnostics by enabling real-time monitoring of critical conditions like sepsis and providing insights into antibiotic dosing. Clinical trials began with a world-first ICU study completed in 2024, and Nutromics is seeking FDA approval by 2028.

How Can AI Improve the Digital Health Monitoring Devices Market?

AI integration can significantly enhance digital health monitoring devices by transforming them from simple trackers into intelligent healthcare tools. It enables predictive analytics, allowing early detection of potential health risks such as heart disease or diabetes. AI provides personalized insights by analyzing individual patterns, offers anomaly detection for sudden changes in vital signs, and facilitates remote monitoring through automated tracking. Additionally, it improves data management by efficiently interpreting large volumes of health information and enhances device functionality, optimizing performance and user experience. Overall, AI makes digital health devices more proactive, accurate, and user-centric.

Market Dynamics

Driver

The growing consumer focus on personalized health and wellness, coupled with the widespread adoption of telehealth and remote patient monitoring, is significantly driving the expansion of the digital health monitoring devices market.  Consumers increasingly seek tailored health solutions that provide actionable insights into their well-being.  Devices offering personalized health data, such as AI-powered smartwatches and wearables, are gaining popularity for their ability to monitor various health metrics and offer individualized recommendations.  For instance, the AI Smart Watch with ChatGPT, priced under US$30, integrates health monitoring features with personalized wellness support, making advanced health technology more accessible to a broader audience.

Concurrently, the adoption of telehealth and remote patient monitoring has surged, especially in the United States. For instance, in September 2025, Remedy Meds, a telehealth startup, acquired Thirty Madison in an all-stock deal valued at over US$500 million, aiming to enhance its direct-to-consumer health services.

Restraint

Limited Digital Literacy & Resistance to New Technology

The key players operating in the market are facing issues due to resistance to new technology and limited digital literacy. Some population segments may struggle to adopt and effectively use these technologies. Incompatibility between different devices and healthcare systems hinders seamless integration.

Opportunity

Government Initiatives

Government initiatives and healthcare digitalization are pivotal in propelling the growth of the digital health monitoring devices market.  In India, the Ayushman Bharat Digital Mission (ABDM) exemplifies this transformation.  Launched in 2021, ABDM aims to create an integrated digital health infrastructure by providing citizens with unique health IDs (ABHA), enabling secure access to electronic health records, and fostering interoperability across healthcare systems.

In December 2024, over 710 million ABHA IDs were created, linking nearly 46 crore health records, and registering more than 5 lakh healthcare professionals. This extensive digital framework facilitates seamless data exchange, enhancing the efficacy of digital health monitoring devices.  Furthermore, the integration of AI technologies, as seen with Eka Care's digitization of over 110 million health records, underscores the synergy between government initiatives and technological advancements in improving healthcare delivery.

Segmental Insights

Which Device Type Segment Dominated the Digital Health Monitoring Devices Market?

The wearable devices segment dominates the market due to their convenience, real-time tracking, and growing consumer demand for personalized health insights. Increasing use of smartwatches, fitness bands, and wearable sensors for monitoring heart rate, sleep, blood oxygen, and physical activity drives adoption. Integration with mobile health apps and telehealth platforms enhances accessibility and engagement. Additionally, rising health awareness, lifestyle-related diseases, and continuous innovation by tech giants like Apple, Fitbit, and Samsung further strengthen the dominance of wearable devices in this market.

The wearable patches & adhesive biosensors sub-segment is estimated to be the fastest-growing segment in the digital health monitoring devices market due to their non-invasive design, comfort, and ability to provide continuous, real-time health data. These devices are increasingly adopted for monitoring glucose levels, cardiac activity, hydration, and other vital parameters without restricting mobility. Their rising use in chronic disease management, clinical trials, and remote patient monitoring enhances demand. Technological advancements, miniaturization, and growing preference for discreet, skin-friendly solutions further accelerate their rapid market growth.

Why Did the Cardiac Segment Dominate the Digital Health Monitoring Devices Market?

The cardiac segment dominates the market due to the rising global burden of cardiovascular diseases, which remain a leading cause of mortality. Continuous monitoring of cardiac health is crucial for early detection, timely intervention, and prevention of complications. Wearables and remote monitoring solutions integrated with ECG capabilities are increasingly adopted in hospitals and home care. Growing patient awareness, aging populations, and technological advancements in cardiac monitoring further strengthen the dominance of this segment.

The metabolic segment is the fastest-growing in the market due to the increasing prevalence of diabetes, obesity, and lifestyle-related disorders. Rising demand for continuous glucose monitoring (CGM) and ketone tracking devices supports better disease management and personalized health insights. Growing consumer interest in preventive health, fitness, and ketogenic diets further drives adoption. Technological advancements in non-invasive sensors and integration with mobile health apps make these devices more user-friendly, fueling rapid growth in this segment.

How the Optical Sensors (PPG) Segment Dominated the Digital Health Monitoring Devices Market?

The optical sensors (PPG) segment dominates the market due to their widespread use in wearables like smartwatches and fitness trackers for real-time monitoring of heart rate, blood oxygen, and stress levels. Their non-invasive, cost-effective, and user-friendly nature has made them highly popular among consumers. The growing integration of PPG technology with telehealth platforms and mobile applications enhances continuous health tracking. Additionally, increasing adoption of chronic disease management and wellness monitoring further strengthens the dominance of this segment.

The electrochemical sensors segment is estimated to be the fastest-growing segment in the digital health monitoring devices market due to their high sensitivity, accuracy, and ability to detect biomarkers such as glucose, lactate, and cholesterol at low concentrations. Their integration into wearable patches and portable devices supports continuous and personalized health monitoring. The rising prevalence of diabetes and metabolic disorders fuels demand for these sensors in glucose monitoring systems. Additionally, ongoing innovations in miniaturization, non-invasive designs, and cost-effective manufacturing are accelerating their adoption and driving rapid market growth.

Which Application/Use Case Segment Dominated the Market in 2024?

The remote patient monitoring (RPM) & chronic disease management segment dominates the digital health monitoring devices market due to the rising prevalence of chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders that require continuous monitoring. These solutions enable timely interventions, reduce hospital visits, and improve patient outcomes. Growing adoption of telehealth, supportive government policies, and reimbursement programs further strengthen their use. Additionally, increasing elderly populations and advancements in connected devices make remote monitoring essential, solidifying this segment’s dominant position in the market.

The clinical trials & decentralized trials segment is anticipated to be the fastest-growing in the digital health monitoring devices market due to the rising adoption of digital tools that enable real-time data collection, patient monitoring, and remote participation. These devices improve trial efficiency, reduce costs, and enhance patient compliance by minimizing the need for physical site visits. Growing demand for virtual and hybrid trial models, accelerated by the pandemic, along with regulatory support for digital health integration, is driving the rapid growth of this segment in global clinical research.

Which End-User Segment Led the Digital Health Monitoring Devices Market?

The hospitals & clinics segment dominates the market due to the high demand for continuous patient monitoring, early disease detection, and efficient management of chronic and acute conditions. Healthcare facilities increasingly adopt advanced devices like wearable monitors, ECG sensors, and remote monitoring systems to improve patient outcomes and reduce hospital stays. Integration with electronic health records, telemedicine, and diagnostic tools enhances clinical decision-making. Strong infrastructure, skilled medical staff, and institutional investments further reinforce the dominance of this segment in the market.

The home healthcare patients & caregivers segment is the fastest-growing in the digital health monitoring devices market due to increasing demand for remote monitoring, convenience, and personalized care at home. Rising prevalence of chronic diseases, aging populations, and a preference for non-hospital care are driving adoption. Wearable devices, mobile health apps, and connected sensors enable real-time tracking of vital signs, medication adherence, and alerts for caregivers. Technological advancements, affordability, and growing awareness of home-based healthcare solutions further accelerate growth in this segment.

Regional Analysis

Which Factors Contribute to North America’s Dominance in the Market?

North America dominates the digital health monitoring devices market due to a combination of advanced healthcare infrastructure, high prevalence of chronic diseases, and a tech-savvy population. Government initiatives, such as campaigns promoting wearable health devices, encourage the adoption and integration of digital health solutions. Favorable reimbursement policies and strong regulatory support from agencies like the FDA further facilitate market growth. Additionally, the presence of leading industry players, continuous technological innovation, and widespread telehealth adoption reinforce North America’s position as the leading region for digital health monitoring devices.

U.S. Market Trends

The U.S. dominates due to its advanced healthcare infrastructure, high prevalence of chronic diseases, and a tech-savvy population. Strong regulatory support from the FDA, favorable reimbursement policies for remote patient monitoring, and widespread telehealth adoption drive the market. The presence of major industry players like Apple, Medtronic, and Fitbit fosters continuous innovation, while government campaigns promoting wearable and digital health devices encourage consumer adoption.

Canada Market Trends

The Canadian digital health monitoring devices market is growing steadily, supported by increasing healthcare digitization and nationwide electronic health record initiatives. Rising consumer awareness of personalized health and wellness, combined with government funding for digital health programs, facilitates the adoption of digital health monitoring devices, particularly in urban centers and remote regions where telehealth services are expanding.

Which Factors Make the Asia Pacific Region the Fastest-Growing Region in the Market?

The Asia-Pacific region is emerging as the fastest-growing market for digital health monitoring devices, driven by several key factors. The increasing prevalence of chronic diseases such as diabetes, cardiovascular disorders, and respiratory conditions has heightened the demand for continuous and remote health monitoring solutions. Additionally, the aging population, more susceptible to chronic conditions, along with growing interest in preventive healthcare and wellness tracking, is significantly contributing to the adoption of digital health monitoring devices across the region.

China Market Trends

China’s digital health monitoring devices market is growing rapidly due to government-led healthcare modernization initiatives, including the “Healthy China 2030” plan, which emphasizes preventive care and technology-driven healthcare. The increasing prevalence of chronic diseases and an aging population are driving demand for continuous health monitoring. Technological advancements, particularly in AI, IoT, and wearable devices, are enhancing device capabilities and adoption. Moreover, rising consumer awareness and growing private investments in healthcare startups are accelerating market growth. Urbanization, combined with improved digital infrastructure, ensures that digital health solutions reach a broad population, positioning China as a key growth market in Asia-Pacific.

India Market Trends

The digital health monitoring devices market in India is expanding rapidly, fuelled by government initiatives like the National Digital Health Mission (NDHM), which promotes nationwide electronic health records and telehealth services. Rising incidence of chronic diseases and a large, underserved population create demand for remote health monitoring. Increasing adoption of smartphones, wearable devices, and AI-driven health applications enhances accessibility and usability. Additionally, growing health awareness among urban and semi-urban populations, coupled with rising private-sector investment in digital health startups, supports market growth. These factors collectively make India one of the fastest-growing digital health markets in the region.

Value Chain Analysis

R&D

Key Activities:

  • Conceptualization & Design: Identifying unmet healthcare needs and designing devices that address specific health parameters.
  • Prototyping & Testing: Developing prototypes and conducting initial tests to ensure functionality and reliability. 
  • Integration of Technologies: Incorporating sensors, connectivity features, and software applications to enhance device capabilities.

Key Organizations Involved:

  • Technology Companies: Apple, Samsung, and Fitbit lead in integrating health monitoring features into consumer devices.
  • Medical Device Manufacturers: Companies like Medtronic, Abbott Laboratories, Philips Healthcare, and GE Healthcare focus on developing specialized health monitoring devices.
  • Research Institutions: Universities and research centers collaborate on developing innovative health technologies.

Clinical Trials & Approval

Key Activities:

  • Preclinical Studies: Conducting laboratory and animal studies to assess device safety and efficacy.
  • Clinical Trials: Implementing human trials to gather data on device performance and patient outcomes.
  • Regulatory Submissions: Preparing and submitting documentation to regulatory bodies for approval.

Key Organizations Involved:

  • Regulatory Bodies: The U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) oversee device approvals.
  • Clinical Research Organizations (CROs): Organizations like Parexel and Covance manage and conduct clinical trials.
  • Healthcare Providers: Hospitals and clinics participate in clinical trials to evaluate device effectiveness.

Patient Support and Services

Key Activities:

  • Training and Education: Providing users with information on device usage and health management.
  • Customer Support: Offering assistance with device setup, troubleshooting, and maintenance.
  • Data Management: Ensuring secure handling and analysis of health data collected by devices.

Key Organizations Involved:

  • Healthcare Providers: Doctors and nurses offer guidance on integrating devices into patient care plans.
  • Insurance Companies: Some insurers provide coverage for digital health devices and related services.
  • Technology Support Teams: Companies like Apple and Fitbit offer customer service for device-related inquiries.

Top Companies in the Digital Health Monitoring Devices Market

Digital Health Monitoring Devices Market Companies

  • Medtronic
  • Abbott Laboratories
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Roche Diagnostics
  • Johnson & Johnson
  • Boston Scientific
  • ResMed
  • Masimo
  • Dexcom
  • Omron Healthcare
  • iRhythm Technologies
  • BioTelemetry (now part of Philips)
  • Withings
  • Fitbit (Google)
  • Apple
  • Garmin
  • Huawei Health / Huawei Technologies
  • Xiaomi (Huami / Amazfit)

Latest Announcement by Industry Leaders

In May 2025, Ketan Mehta of Apnimed highlighted that gathering minimal sleep data over an extended period is more valuable than extensive data from a single night, contrasting with traditional in-lab polysomnography. He emphasized that longitudinal data, showing trends and night-to-night variations, provides a more accurate picture of sleep quality and treatment response than a large amount of data from a short, isolated event. This approach can offer insights into patterns that a single, intensive study might miss.

Recent Developments in the Digital Health Monitoring Devices Market

  • In October 2024, Finnish company Oura introduced the Smart Ring 4, enhancing its capabilities in tracking health metrics such as heart rate, blood oxygen levels, and body temperature. The company has sold over 2.5 million units since its inception in 2015 and remains a market leader in the smart ring category. Oura recently raised US$200 million in funding, valuing the company at US$5.2 billion, and plans to expand into new markets, including Australia, Japan, and the Middle East.
  • In June 2025, Cardinal Health, a healthcare company, revealed the introduction of the single-patient use monitoring cable and lead wire system, which allows the continuous monitoring of blood oxygen level, cardiac activity, and temperature with one point of connection.

Segments Covered in the Report

By Device Type

  • Wearable devices
    • Smartwatches & fitness bands with medical sensors
    • Wearable patches & adhesive biosensors
    • Chest straps & wearable ECG monitors
    • Smart clothing & textiles
  • Non-wearable/home monitoring devices
    • Blood pressure monitors (digital cuff)
    • Glucose monitors (CGM & SMBG)
    • Pulse oximeters
    • Smart scales
    • Sleep monitors (under-mattress, bedside monitors)
    • Smart inhalers & medication sensors
  • Implantable & insertable monitoring devices
    • Implantable loop recorders (ILR) / pacemaker sensors
    • Implantable glucose sensors
  • Clinical / hospital monitoring devices
    • Multi-parameter bedside monitors
    • Remote telemetry systems
  • Others (clinical-grade sensors, point-of-care monitoring)

By Monitoring Parameter / Biomarker

  • Cardiac (ECG/arrhythmia, heart rate variability)
  • Respiratory (SpO2, respiration rate)
  • Metabolic (glucose, ketones)
  • Hemodynamic (blood pressure)
  • Sleep & activity (sleep stages, steps)
  • Neurological (EEG, movement)
  • Medication adherence & inhalation metrics
  • Temperature & others

By Technology / Sensor Type

  • Optical sensors (PPG)
  • Electro-physiological sensors (ECG, EEG)
  • Electrochemical sensors (glucose, lactate)
  • Pressure sensors (BP cuffs)
  • Motion & inertial sensors (accelerometer, gyroscope)
  • Multi-modal sensor fusion

By Application / Use Case

  • Remote patient monitoring (RPM) & chronic disease management
  • Acute care & hospital monitoring
  • Preventive & wellness tracking
  • Clinical trials & decentralized trials (digital endpoints)
  • Home healthcare & post-acute care
  • Sports performance & occupational health

By End-User

  • Hospitals & clinics
  • Home healthcare patients & caregivers
  • Payers & remote monitoring service providers
  • Employers & corporate wellness programs
  • Research organizations & clinical trial sponsors

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 10 September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Rohan Patil is a seasoned market research professional with over 5+ years of focused experience in the healthcare sector, bringing deep domain expertise, strategic foresight, and analytical precision to every project he undertakes.

Learn more about Rohan Patil

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

The digital health monitoring devices market is worth USD 6.22 billion in 2025, and by 2034, it is forecasted to hit USD Y29.71billion, registering a CAGR of 18.9% over the decade.

North America is leading the Digital Health Monitoring Devices market due to the growing prevalence of chronic disease, increasing investments, and the presence of key players.

Some key players include Medtronic, Abbott Laboratories, Philips Healthcare, GE Healthcare, Siemens Healthineers, and Roche Diagnostics, among others.

Key trends include the adoption of inorganic growth strategies, finding, and technology advancement.

They enable continuous health tracking, early detection of abnormalities, improved management of chronic diseases, reduced hospital visits, and enhanced personalized care, ultimately improving overall health outcomes and quality of life.

Association of Indian Medical Device Industry (AIMED), Personalized Medicine Coalition, Medical Device Manufacturers Association, Government of Canada, Advanced Medical Technology Association, Food and Drug Administration, Medical Technology Association of India (MTaI), clinicaltrials.gov, GOV.UK