Non-invasive Monitoring Device Market Size, Share, Growth, and Industry Analysis, By Type (Cardiac Monitoring Devices, Brain Monitoring Devices, Blood Pressure Monitoring Devices, Anesthesia Monitoring Devices & Blood Glucose Monitoring Devices), By Downstream Industry (Online, Pet Stores & Retail Stores) and Regional Forecast to 2032

Updated On: 02 September 2024

• 

  Request a Free Sample to learn more about this report

NON-INVASIVE MONITORING DEVICE MARKET REPORT OVERVIEW

The global Non-invasive Monitoring Device Market Size was USD 1.76 billion in 2023 and the market is projected to touch USD 2.54 billion in 2032, exhibiting a CAGR of 3.72% during the forecast period.

The non-invasive monitoring device market is experiencing rapid growth due to the development of healthcare technologies and payers’ focus on patients’ comfort and safety. These devices enable a patient’s monitoring of vital parameters without having to undergo invasive procedures and are used in both the clinical and domestic environments. These are wearables, smart patches, and portable monitors, which can capture real-time data pertaining to beating rate, blood pressure, oxygen levels, and so forth. Focusing on enhancing the quality of patients’s care and the subsequent decrease of the financial burden in health care facilities, this market shows great potential for development in all sectors of the health care industry around the world.

COVID-19 Impact: Market Growth During Pandemic Due to Increased health monitoring

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 pandemic contributed to the increased popularity and expansion of the global non-invasive monitoring device market due to an increased focus on remote healthcare services. These devices proved essential in the preliminary assessment and observation of the patients without physical contact, thus minimizing the spread of the virus. Thus, the continuous, remote monitoring of patients’ conditions during the pandemic became more valuable, increasing adoption and investment and creating positive influences on the market.

LATEST TRENDS

"Market growth in wearable AI enhances health diagnostics significantly"

Some of the current innovations are in wearable solutions, AI incorporated into devices, and nonlinear parameter tracking. One of the most significant trends is the expansion of the application of artificial intelligence devices to improve accuracy and the foretelling of health status. These systems, integrated with the help of AI, can process vast amounts of data and provide specific health recommendations and early signs of problems, which will greatly enhance patients’ quality of life.

• 

  Request a Free Sample to learn more about this report

SEGMENTATION

By Type

Based on type the market can be categorized into Cardiac Monitoring Devices, Brain Monitoring Devices, Blood Pressure Monitoring Devices, Anesthesia Monitoring Devices & Blood Glucose Monitoring Devices.

• Cardiac monitoring devices: Electrocardiographs and wearable heart monitors are mainly utilized for capturing patients’ cardiac rhythms over a period of time and for identifying all types of arrhythmias, other heart ailments, cardiovascular diseases, and so on. These are rather helpful in diagnosing the condition or in offering information on the state of patients or diseases to the patients themselves, to the doctors, or both.
• Brain Monitoring Devices: The EEG system and the near-infrared spectroscopy used to monitor brain function are non-invasive techniques used in the diagnosis of neurological diseases.
• Blood Pressure Monitoring Devices: Digital sphygmomanometers and wearable blood pressure monitors help patients check their BP levels, often without hospital help. Asthma Inhalers and BP-Lowering Devices These devices are vital in the lowering of hypertension and monitoring of cardiovascular diseases since they give long-term results and aid in charting progress. Integration of proper user interfaces and connectivity with the mobile apps facilitates self-monitoring.
• Anesthesia Monitoring Devices: People who are undergoing surgery are closely watched by using capnography and the depth of anesthesia as a method of observation of the anesthesia patients. It is used for the patient's sleep during the treatment process and the level of anesthetic unconsciousness. Contemporary tendencies are focused on increasing the informativeness of the information flows and connecting them with clinics with the help of clinical practice.
• Blood Glucose Monitoring Devices: Continuous glucose monitoring as well as glucometers are helpful in diabetes because they let one realize various fluctuations in blood glucose throughout the day. They allow the patient to achieve independent regulation of blood sugar levels to minimize complications. In that the offering integrates such functions as the direct-skin interface, which does not even entail the use of needles, and linking the S word to an app on a consumer’s smartphone, the entailed value increases.

By Downstream Industry

Based on Downstream Industry the market can be categorized into Online, Pet Stores & Retail Stores

• Cardiology: Non-invasive cardiology monitoring devices are commonly employed in the assessment of human ailments, for example, arrhythmias, hypertension, and coronary artery illnesses. Continuous information about heart function, such as the ECG, Holter monitor, and wearable heart monitor, enlightens physicians on prognosis and develops differential treatment.
• Neurology: This subgroup of non-invasive neurological diagnostic tools includes electroencephalography, or EEGs; functional magnetic resonance imaging, or fMRI; and transcranial Doppler ultrasound, which measures and monitors patient’s brain functions and blood circulation without the necessity of performing surgery. They are most commonly applied in cases of epilepsy, ischemic stroke, and neurodegenerative disorders to help observe and determine the efficacy of the treatment on the brain. The new development focuses on increasing the physical visibility of the devices in assessment and their resolution in order to enhance the neurological assessment.
• Oncology: In oncology, it is important to mention reiterative and diagnostic devices such as MRI, CT scans, and liquid biethers, which are used to diagnose, stage, and evaluate the treatment response in cancer patients. It provides other methods for evaluating tumor volume, spread, and reaction to treatment; for decision making regarding therapy and for diagnosis of prognosis of survival.

DRIVING FACTORS

"Market growth enhances health monitoring"

Advances in the field of sensors, which are far from being invasive and are rather compact now, have enhanced the use and accessibility of non invasive instruments. These devices have increased precision in procedures and the ability to provide live results, allowing easy monitoring of an individual’s health through the use of mobile applications.

"Market growth in chronic disease drives non-invasive monitoring devices"

Chronic diseases such as diabetes, cardiovascular diseases, and respiratory diseases are increasing globally, which is considered to be the key that is driving the non-invasive monitoring device market and, consequently. These devices enable the supervision of the status and the timely detection of diseases, which is crucial for chronic patients’ supervision results to non-invasive monitoring device market growth.

RESTRAINING FACTOR

"Market growth hindered by cost of complex monitoring technologies"

The main types of non-invasive monitoring technologies are expensive due to their sophistication, which serves as a strong hindrance for the market. Quite a number of these complicated devices and their accompanying care and information tracking tools are costly to both the health care facilities and clients, thus becoming expensive and therefore less adopted.

• 

  Request a Free Sample to learn more about this report

NON-INVASIVE MONITORING DEVICE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Market growth in North America driven by healthcare advancements"

North America holds the maximum non-invasive monitoring device market share because of its higher healthcare facilities, greater health care spending, and the significant participation of prominent medical device manufacturers. This aspect has been boosted by early diagnosis and prevention of diseases in the region, coupled with great research and development investment. Moreover, the presence of liberal government policies possessed by primarily North American countries and the growing implementation of advanced technologies support the growth of this market.

KEY INDUSTRY PLAYERS

"Market growth driven by innovative collaborations"

Strong commitment to research and development of non-invasive monitoring devices, joint ventures, and collaborations are other ways in which the key industry players are fueling the growth of the overall non-invasive monitoring device market. These companies improve market accessibility and adoption by offering new, progressively more superior forms of monitoring solutions that rely on artificial intelligence and by growing their product offerings. This way, their endeavors to enhance the accuracy of the device as well as the ease of its use clearly play a role in enhancing the growth of this particular market, not to mention the advancement of the sector’s technology.

List of Market Players Profiled

• Abbott (U.S)
• A&D Medical (C.A)
• General Electric (U.S)
• CAS Medical Systems (U.S)
• OrSense (Israel)

INDUSTRIAL DEVELOPMENT

November 2022: Launch of the first non-invasive continuous glucose monitoring system using a multi-sensor. Glycosan utilized this technology for non-invasive blood glucose testing in diabetic patients. This advancement is especially true in the overall theme of reducing invasiveness while maintaining continuous monitoring of the patient, possibly enhancing the comfort and possibly the adherence of the patient thereto.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Non-invasive Monitoring Device Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose Downstream Industry may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.