Central Patient Monitoring System Market - By Component: Hardware (Monitors, Central Stations), Software (Analytics, Alarms, Data Storage), Services (Installation, Maintenance, Training); By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Specialty Clinics, Long-Term Care Centers, Telehealth Providers; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
1 | Market Overview
The global central patient monitoring system (CPMS) market is growing steadily, driven by the increasing demand for continuous patient monitoring, efficient healthcare delivery, and improved workflow in hospitals and care facilities. CPMS allows clinicians to monitor multiple patients remotely and simultaneously from a central workstation, enhancing patient safety, reducing response times, and optimizing staff resources.
Growth is driven by the rising prevalence of chronic diseases, increased hospital admissions, advancements in wireless technologies, and the expanding adoption of telehealth and remote patient monitoring. Integration with AI, cloud computing, and data analytics is transforming CPMS functionality, enabling predictive patient care.
2 | Market Size and Forecast
|
Year |
Market Value (USD Billion) |
Notes |
|
2019 |
2.97 |
Historical benchmark |
|
2024 |
4.81 |
Five-year CAGR 10.1% |
|
2031 |
10.79 |
Seven-year CAGR 12.5% |
The market is projected to more than double by 2031, driven by global healthcare digitization and demand for centralized monitoring solutions.
3 | Key Market Drivers
4 | Market Challenges
5 | Competitive Landscape
The CPMS market is somewhat consolidated, with top players providing integrated hardware, software, and data management solutions.
Market Share Estimates (2024):
|
Company |
Estimated Market Share |
Key Offerings |
|
Philips Healthcare |
23% |
IntelliVue Guardian, CareEvent, PIC iX systems |
|
GE Healthcare |
19% |
CARESCAPE™ Central Station, Mobile Viewers |
|
Drägerwerk AG |
15% |
Infinity® Acute Care Systems |
|
Mindray Medical |
13% |
BeneVision™ Central Monitoring System |
|
Others (Nihon Kohden, Spacelabs Healthcare, regional OEMs) |
30% |
Diverse regional and niche solutions |
6 | Market Segmentation
By Component:
By End User:
By Region:
7 | Strategic Outlook
The future of the CPMS market depends on AI-powered predictive analytics, cloud-based monitoring platforms, integration with electronic health records (EHR), and decentralized care models. Growth in emerging markets will be driven by telehealth expansion and healthcare digitization initiatives.
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