Report Code : CVMI2603252601417 | Published Date : March 30, 2025

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

  • Rising Prevalence of Chronic Diseases: Cardiovascular, respiratory, and neurological disorders.
  • Increased ICU and Emergency Room admissions: rising demand for continuous patient monitoring.
  • Telehealth and remote monitoring adoption: expanding beyond hospital walls.
  • Advancements in AI and Data Analytics: Real-time alerts and predictive care models.
  • Healthcare workforce shortages: Centralized monitoring enhances staff efficiency.

 

4 | Market Challenges

  • High setup and maintenance costs.
  • Cybersecurity and Data Privacy Risks.
  • Interoperability Challenges with Legacy Systems.
  • Resistance to Workflow Changes in Smaller Facilities.

 

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:

  • 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

 

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.





Reasons To Buy

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Scope

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Key Players

  • GE Healthcare
  • Philips Healthcare
  • Nihon Kohden
  • Medtronic
  • Mindray Medical
  • Dräger
  • Spacelabs Healthcare
  • ICU Medical

Central Patient Monitoring System Market Report


  1. 1. Central Patient Monitoring System Market Research Report
    1. 1.1 Study Objectives
    2. 1.2 Central Patient Monitoring System Market - Overview
    3. 1.3 Reason to Read This Report
    4. 1.4 Methodology and Forecast Analysis
  2. 2. Central Patient Monitoring System Market Research Report - Preface
    1. 2.1 Central Patient Monitoring System Market Research Report – Detailed Scope and Definitions
      1. 2.1.1 By Component:
      2. 2.1.2 By End User:
      3. 2.1.3 By Region
  3. 3. Central Patient Monitoring System Market Dynamics
    1. 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
    2. 3.2. Restraints – By Component:, By End User:, By Country
    3. 3.3. Opportunities – By Component:, By End User:, By Country
    4. 3.4. Trends – By Component:, By End User:, By Country
    5. 3.5. PEST Analysis
    6. 3.6. Porters Five Rule Analysis
    7. 3.7. Company’s Share Analysis (CSA) by Region or By Country
    8. 3.8. Central Patient Monitoring System Market Research Report – DROTs Impact Analysis
    1. 4. Central Patient Monitoring System Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
    2. 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
    4. 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
    5. 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
  1. 5. Central Patient Monitoring System Market, By Component:, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 5.1 Hardware (Monitors, Central Stations)
    2. 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    4. 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    5. 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 5.2 Software (Analytics, Alarms, Data Storage)
    7. 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    8. 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    9. 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    10. 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    11. 5.3 Services (Installation, Maintenance, Training)
    12. 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    13. 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    14. 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    15. 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. Central Patient Monitoring System Market, By End User:, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 6.1 Hospitals
    2. 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    4. 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    5. 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 6.2 Ambulatory Surgical Centers (ASCs)
    7. 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    8. 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    9. 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    10. 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    11. 6.3 Specialty Clinics
    12. 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    13. 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    14. 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    15. 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    16. 6.4 Long-Term Care Centers
    17. 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    18. 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    19. 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    20. 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    21. 6.5 Telehealth Providers
    22. 6.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    23. 6.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    24. 6.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    25. 6.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
  1. 7. Central Patient Monitoring System Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
    1. 7.1 North America
      1. 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.2 Europe
      1. 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.3 Asia-Pacific
      1. 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.4 Latin America
      1. 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.5 Middle East and Africa
      1. 7.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.6 Central Patient Monitoring System Market - Opportunity Analysis Index, By Component:, By End User:, and Region, 2024 - 2031
  1. 8. North America Central Patient Monitoring System Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 8.1 By Component: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.1.1 Hardware (Monitors, Central Stations)
      2. 8.1.2 Software (Analytics, Alarms, Data Storage)
      3. 8.1.3 Services (Installation, Maintenance, Training)
      8.2 By End User: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.2.1 Hospitals
      2. 8.2.2 Ambulatory Surgical Centers (ASCs)
      3. 8.2.3 Specialty Clinics
      4. 8.2.4 Long-Term Care Centers
      5. 8.2.5 Telehealth Providers
      8.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.3.1 United States
      2. 8.3.2 Canada
    2. 8.4 North America Central Patient Monitoring System Market – Opportunity Analysis Index, By Component:, By End User:, and Country, 2024 - 2031
    3. 8.5 Regional Trends Analysis
    4. 8.6 North America Central Patient Monitoring System Market Research Report - Company Profiles
      1. 8.6.1 Company 1 (United States)
      2. 8.6.2 Company 2 (Canada)
      3. 8.6.3 Company 3 (Canada)
    9. Europe Central Patient Monitoring System Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 9.1 By Component: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.1.1 Hardware (Monitors, Central Stations)
      2. 9.1.2 Software (Analytics, Alarms, Data Storage)
      3. 9.1.3 Services (Installation, Maintenance, Training)
      9.2 By End User: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.2.1 Hospitals
      2. 9.2.2 Ambulatory Surgical Centers (ASCs)
      3. 9.2.3 Specialty Clinics
      4. 9.2.4 Long-Term Care Centers
      5. 9.2.5 Telehealth Providers
      9.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.3.1 Germany
      2. 9.3.2 United Kingdom
      3. 9.3.3 France
      4. 9.3.4 Spain
      5. 9.3.5 Italy
      6. 9.3.6 Russia
    2. 9.4 Europe Central Patient Monitoring System Market – Opportunity Analysis Index, By Component:, By End User:, and Country, 2024 - 2031
    3. 9.5 Regional Trends Analysis
    4. 9.6 Europe Central Patient Monitoring System Market Research Report - Company Profiles
      1. 9.6.1 Company 1 (Germany)
      2. 9.6.2 Company 2 (United Kingdom)
      3. 9.6.3 Company 3 (United Kingdom)
    10. Asia-Pacific Central Patient Monitoring System Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 10.1 By Component: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.1.1 Hardware (Monitors, Central Stations)
      2. 10.1.2 Software (Analytics, Alarms, Data Storage)
      3. 10.1.3 Services (Installation, Maintenance, Training)
      10.2 By End User: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.2.1 Hospitals
      2. 10.2.2 Ambulatory Surgical Centers (ASCs)
      3. 10.2.3 Specialty Clinics
      4. 10.2.4 Long-Term Care Centers
      5. 10.2.5 Telehealth Providers
      10.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.3.1 China
      2. 10.3.2 Japan
      3. 10.3.3 India
      4. 10.3.4 South Korea
      5. 10.3.5 Australia & New Zealand
      6. 10.3.6 ASEAN
    2. 10.4 Asia-Pacific Central Patient Monitoring System Market – Opportunity Analysis Index, By Component:, By End User:, and Country, 2024 - 2031
    3. 10.5 Regional Trends Analysis
    4. 10.6 Asia-Pacific Central Patient Monitoring System Market Research Report - Company Profiles
      1. 10.6.1 Company 1 (China)
      2. 10.6.2 Company 2 (Japan)
      3. 10.6.3 Company 3 (Japan)
    11. Latin America Central Patient Monitoring System Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 11.1 By Component: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.1.1 Hardware (Monitors, Central Stations)
      2. 11.1.2 Software (Analytics, Alarms, Data Storage)
      3. 11.1.3 Services (Installation, Maintenance, Training)
      11.2 By End User: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.2.1 Hospitals
      2. 11.2.2 Ambulatory Surgical Centers (ASCs)
      3. 11.2.3 Specialty Clinics
      4. 11.2.4 Long-Term Care Centers
      5. 11.2.5 Telehealth Providers
      11.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.3.1 Brazil
      2. 11.3.2 Mexico
      3. 11.3.3 Argentina
      4. 11.3.4 Peru
      5. 11.3.5 Colombia
      6. 11.3.6 Rest of Latin America
    2. 11.4 Latin America Central Patient Monitoring System Market – Opportunity Analysis Index, By Component:, By End User:, and Country, 2024 - 2031
    3. 11.5 Regional Trends Analysis
    4. 11.6 Latin America Central Patient Monitoring System Market Research Report - Company Profiles
      1. 11.6.1 Company 1 (Brazil)
      2. 11.6.2 Company 2 (Mexico)
      3. 11.6.3 Company 3 (Mexico)
    12. Middle East and Africa Central Patient Monitoring System Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 12.1 By Component: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.1.1 Hardware (Monitors, Central Stations)
      2. 12.1.2 Software (Analytics, Alarms, Data Storage)
      3. 12.1.3 Services (Installation, Maintenance, Training)
      12.2 By End User: Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.2.1 Hospitals
      2. 12.2.2 Ambulatory Surgical Centers (ASCs)
      3. 12.2.3 Specialty Clinics
      4. 12.2.4 Long-Term Care Centers
      5. 12.2.5 Telehealth Providers
      12.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.3.1 Saudi Arabia
      2. 12.3.2 UAE
      3. 12.3.3 South Africa
      4. 12.3.4 Egypt
      5. 12.3.5 Israel
      6. 12.3.6 Rest of Middle East and Africa
    2. 12.4 Middle East and Africa Central Patient Monitoring System Market – Opportunity Analysis Index, By Component:, By End User:, and Country, 2024 - 2031
    3. 12.5 Regional Trends Analysis
    4. 12.6 Middle East and Africa Central Patient Monitoring System Market Research Report - Company Profiles
      1. 12.6.1 Company 1 (Saudi Arabia)
      2. 12.6.2 Company 2 (UAE)
      3. 12.6.3 Company 3 (UAE)
    13. Competition Landscape
    1. 13.1 Strategic Dashboard of Top Market Players
    2. 13.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
      1. 13.2.1 Philips Healthcare
      2. 13.2.2 GE Healthcare
      3. 13.2.3 Nihon Kohden Corporation
      4. 13.2.4 Drägerwerk AG & Co KGaA
      5. 13.2.5 Mindray Medical International Limited
      6. 13.2.6 OSI (Spacelabs Healthcare)
      7. 13.2.7 Schiller AG
      8. 13.2.8 Welch Allyn (Hill‑Rom Holdings)
      9. 13.2.9 Infinium Medical
      10. 13.2.10 Comen
      11. 13.2.11 Medtronic plc
      12. 13.2.12 Baxter International Inc.
      13. 13.2.13 Smiths Medical
      14. 13.2.14 Abbott Laboratories
      15. 13.2.15 Boston Scientific Corporation.
  1. 14. Data Collection Method and Research Approach
  2. 15. Principal Presumptions and Acronyms