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Condition Monitoring Device Market

Published Aug 26, 2025
Length 140 Pages
SKU # CMI20399607

Description

Condition monitoring in healthcare refers to leveraging real-time data for diagnosing an individual’s health or monitoring environmental conditions essential for the transportation of pharmaceutical products such as biologics. There are several condition monitoring devices that are used for patient monitoring, such as blood pressure monitors, glucometers, pulse oximeters, and electrocardiography (ECG) monitors. They consist of mostly self-testing devices that constantly help in monitoring data to assess and evaluate better outcomes. There are several advantages of using these remote monitoring devices. They help in reducing the costs and save time for the efficient monitoring of the health condition of an individual.

Besides patient monitoring, condition monitoring devices help in monitoring environmental parameters which are essential for developing pharmaceutical products. Pharmaceutical products such as biologics and samples are sensitive to a wider range of parameters such as heat, humidity, and light. Hence, cold chain systems are used for improving and ensuring precise temperature monitoring, data logging, and cold chain monitoring for preserving the integrity of pharmaceutical products.

Market Dynamics

Key market players are focused on launching new condition monitoring devices which can be used in homecare settings. This, in turn, is propelling the market growth. For instance, on January 21, 2021, Tyto Care, a telehealth company, launched Fingertip Pulse Oximeter (SpO2) medical device for measuring the heart rate and blood oxygen saturation levels remotely. The device facilitates blood oxygen examination in home setting with real-time results. Thus, the virtual examination solution can be suitable for patients with chronic lungs & heart conditions, as well as the Covid-19, and help the patients in avoiding hospital and clinic visits.

Key features of the study
  • This report provides an in-depth analysis of the global condition monitoring device market, market size (USD Mn), and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global condition monitoring device market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, strategies.
  • Key companies covered as a part of this study include General Electric Company, Koninklijke Philips N.V., Nihon Kohden Corporation, Hoffmann-La Roche Ltd, Braun Melsungen AG, Abbott, Masimo, Smiths Medical, 1byone, Inc., B Medical Systems, IndoSurgicals Pvt. Ltd., Biomedhelix (Pty) Ltd., and Thermofisher Scientific Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global condition monitoring device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global condition monitoring device market.
Market Segmentation
  • Global Condition Monitoring Device Market, By Type, 2020 - 2032 (USD Mn)
  • Vibration Monitoring
  • Thermography
  • Lubricating Oil Analysis
  • Motor Current Analysis
  • Ultrasound Emission Monitoring
  • Corrosion Monitoring
  • Global Condition Monitoring Device Market, By Component, 2020 - 2032 (USD Mn)
  • Hardware
  • Software
  • Global Condition Monitoring Device Market, By Deployment, 2020 - 2032 (USD Mn)
  • Cloud
  • On-premises
  • Global Condition Monitoring Device Market, By Industry, 2020 - 2032 (USD Mn)
  • Oil & Gas
  • Power Generation
  • Metals & Mining
  • Chemicals
  • Automotive
  • Aerospace & Defense
  • Food & Beverages
  • Marine
  • Others (Healthcare, Cement, Paper & Pulp, and Semiconductor & Electronics)
  • Global Condition Monitoring Device Market, By Region, 2020 - 2032 (USD Mn)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
  • Key Players Insights
  • Rockwell Automation, Inc.
  • Baker Hughes Company (Bently Nevada)
  • SKF Group
  • Parker Hannifin
  • PCB Piezotronics Inc.
  • TE Connectivity
  • AMETEK Inc.
  • THE TIMKEN COMPANY
  • ITT INC.
  • Schaeffler Technologies AG & Co. KG

Table of Contents

140 Pages
1. Research Objectives and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Top Market Findings
Market Snippet, By Type
Market Snippet, By Component
Market Snippet, By Deployment
Market Snippet, By Industry
Market Snippet, By Region
WMR Opportunity Map (WOM)
Market Attractiveness Analysis, By Segments
Market Snippet, By Region, By Region
3. Market Dynamics and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Market Dynamics
Impact Analysis
Recent Mergers and Acquisitions
Key Trends
Recent Product Launches
Porter’s Five Forces Analysis
Ecosystem Analysis with List of Players at Each Stage
4. Global Condition Monitoring Device Market, By Type, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, 2024 and 2032 (%)
Segment Trends
Vibration Monitoring
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Thermography
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Lubricating Oil Analysis
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Motor Current Analysis
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Ultrasound Emission Monitoring
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Corrosion Monitoring
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
5. Global Condition Monitoring Device Market, By Component, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, 2024 and 2032 (%)
Segment Trends
Hardware
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Vibration Sensors and Analyzers
Infrared Sensors
Spectrometers
Ultrasound Detectors
Spectrum Analyzers
Corrosion Probes
Others (Velocity Sensors and Transmitters, Current Transformers and Resistive Shuts)
Software
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
6. Global Condition Monitoring Device Market, By Deployment, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, 2024 and 2032 (%)
Segment Trends
Cloud
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
On-premises
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
7. Global Condition Monitoring Device Market, By Industry, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, 2024 and 2032 (%)
Segment Trends
Oil & Gas
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Power Generation
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Metals & Mining
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Chemicals
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Automotive
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Aerospace & Defense
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Food & Beverages
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Marine
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
Others (Healthcare, Cement, Paper & Pulp, and Semiconductor & Electronics)
Introduction
Market Size and Forecast, 2020 - 2032, (USD Mn)
8. Global Condition Monitoring Device Market, By Region, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, By Region, 2024 and 2032 (%)
North America
Introduction
Market Size and Forecast, By Type, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Component, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Deployment, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Industry, 2020 - 2032 (USD Mn)
Market Share Analysis, By Country, 2024 and 2032 (%)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, By Type, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Component, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Deployment, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Industry, 2020 - 2032 (USD Mn)
Market Share Analysis, By Country, 2024 and 2032 (%)
Germany
France
U.K.
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Component, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Deployment, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Industry, 2020 - 2032 (USD Mn)
Market Share Analysis, By Country, 2024 and 2032 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, By Type, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Component, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Deployment, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Industry, 2020 - 2032 (USD Mn)
Market Share Analysis, By Country, 2024 and 2032 (%)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, By Type, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Component, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Deployment, 2020 - 2032 (USD Mn)
Market Size and Forecast, By Industry, 2020 - 2032 (USD Mn)
Market Share Analysis, By Country, 2024 and 2032 (%)
GCC Countries
South Africa
Rest of Middle East & Africa
9. Competitive Landscape
Market Share Analysis
Company Profiles
Rockwell Automation, Inc.
Baker Hughes Company (Bently Nevada)
SKF Group
Parker Hannifin Corp.
PCB Piezotronics Inc.
TE Connectivity
AMETEK Inc.
THE TIMKEN COMPANY
ITT INC.
Schaeffler Technologies AG & Co. KG.
10. Research Methodology
References
Research Methodology
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