United Kingdom Patient Monitoring Market Size (2024 - 2029)

UK Patient Monitoring Market Analysis

The United Kingdom Patient Monitoring Market size is estimated at USD 2.60 billion in 2024, and is expected to reach USD 3.9 billion by 2029, growing at a CAGR of 8.46% during the forecast period (2024-2029).

• The COVID-19 pandemic significantly impacted the patient monitoring market as the demand for these devices increased during the pandemic due to the high influx of patients. Also, people with underlying health conditions were severely impacted by COVID-19, which increased the demand for monitoring devices. For instance, according to an NCBI study of September 2021, due to the COVID-19 pandemic, the use of remote monitoring of cardiac patients increased in the participating centers in Europe, with about 71.6% of the centers using remote monitoring. Hence, the COVID-19 pandemic had a significant impact on the market. Moreover, with the decline in COVID-19 cases, the demand for patient monitoring devices due to COVID-19 is expected to decline. Still, the risk of long-COVID-19 in people with underlying conditions may impact the market over the forecast period.
• Factors such as the rising burden of chronic diseases and the increasing geriatric population, coupled with initiatives by key market players, are expected to increase the market growth over the forecast period. For instance, the HFR updated in December 2021 shows that, in the next 25 years, the number of people older than 85 will double to 2.6 million in the United Kingdom. Hence, the United Kingdom's population is aging. As several illnesses such as cardiovascular and neurological diseases are associated with the increasing age of the patient, and hence, the growing geriatric population of the country will also have a positive impact on the market because they are expected to drive the demand for patient monitoring devices due to high disease burden and dependency upon others.
• An aging population results in increased demand for patient monitoring. The senior population requires patient monitoring because of their conditions, such as musculoskeletal disorders, which make them dependent on others for doctor visits due to mobility issues or living alone.
• Similarly, the launch of portable monitoring devices is expected to increase market growth as the devices do not require the physical presence of patients at the end-user facilities and can provide constant monitoring. For instance, in June 2022, GE Healthcare launched Portrait Mobile, a wireless patient monitoring system that enables continuous monitoring throughout a patient's stay. The same source stated that 90% of nurses indicated that they felt more at ease about their patient's condition when continuous monitoring is employed rather than vital signs spot checking measured in an evaluative clinical trial carried out at a London hospital in the UK as the healthcare app does not require physical contact between the healthcare professional and the patient. Thus, the factors such as product launches are expected to increase market growth.
• Similarly, increasing investment in the country has increased the entry of new market players. Such players are expected to provide patient monitoring services in the country, which is expected to increase market growth. For instance, in September 2021, Doccla, a UK health-tech startup, secured USD 3.3 million seed funding for its patient remote monitoring system venture. Thus, such funding is expected to increase the availability of remote patient monitoring, which is expected to augment the market growth over the forecast period. However, the strong regulatory framework and high cost of devices have been restraining the market growth.

UK Patient Monitoring Industry Segmentation

As per the scope of this report, patient monitoring devices are monitoring devices that continuously monitor the patient's vital parameters, like blood pressure and heart rate, by using a medical monitor and collecting medical (and other) data from individuals.

The UK Patient Monitoring Market is Segmented by Type of Device (Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Remote Monitoring Devices, and Other Types of Devices), By Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, and Other Applications), and End-users (Home Healthcare, Ambulatory Care Centers, Hospitals, and Other End Users).

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.