The EU counted 1,791 enterprises in the related industry class.
What this market covers
Telemonitoring systems collect patient vital signs at home and send them to care teams. Hospitals, home care firms and insurers use them for chronic disease follow up.
Typical segments
- Vital sign kits
- Wearable monitors
- Software platforms
- Hospital at home kits
Why this market is moving now
- US employment in the core industry fell 1% since 2020.
Key figures
Each figure names the source it came from. Open the source list below to read the quoted line.
| Figure | Value | Year | Source |
|---|---|---|---|
| The EU had 1,791 enterprises in NACE class C2660 (Manufacture of irradiation, electromedical and electrotherapeutic equipment) in 2023. | 1,791 enterprises | 2023 | Eurostat |
| EU enterprises in NACE class C2660 had net turnover of €30.54 billion in 2023. | 30.54 EUR billion | 2023 | Eurostat |
| NACE class C2660 employed 74,126 people across the EU in 2021. | 74,126 persons employed | 2021 | Eurostat |
| The US had 2,220 private establishments in NAICS 334510 (Electromedical and electrotherapeutic apparatus manufacturing) in 2025. | 2,220 establishments | 2025 | U.S. Bureau of Labor Statistics |
| NAICS 334510 employed an average of 72,575 people in US private industry in 2025. | 72,575 jobs | 2025 | U.S. Bureau of Labor Statistics |
| US employment in NAICS 334510 changed by -1% between 2020 (73,147 jobs) and 2025, calculated from BLS figures. | -1 % since 2020 | 2025 | U.S. Bureau of Labor Statistics |
| Average annual pay in US NAICS 334510 was $140,429 in 2025. | 140,429 USD per year | 2025 | U.S. Bureau of Labor Statistics |
| The FDA has recorded 75 510(k) clearances for devices named "patient monitoring". | 75 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| 5 of those clearances were issued from 2021 to 2025. | 5 510(k) clearances | 2025 | U.S. Food and Drug Administration |
| Airstrip Technologies, Lp holds 8 510(k) clearances for devices named "patient monitoring". | 8 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| Covidien holds 7 510(k) clearances for devices named "patient monitoring". | 7 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| Invivo Research, Inc. holds 6 510(k) clearances for devices named "patient monitoring". | 6 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| Invivo Corporation holds 5 510(k) clearances for devices named "patient monitoring". | 5 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| Capsule Technologie Sas holds 3 510(k) clearances for devices named "patient monitoring". | 3 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| Covidien, Llc holds 3 510(k) clearances for devices named "patient monitoring". | 3 510(k) clearances | 2026 | U.S. Food and Drug Administration |
| PubMed indexed 357 papers mentioning "telemonitoring" in the title or abstract in 2025. | 357 papers | 2025 | U.S. National Library of Medicine |
Sources and method
The figures on this page come from the public sources listed below. Read how we work.
- Eurostat: Enterprises by detailed NACE Rev. 2 activity and special aggregates (sbs_ovw_act) (2026-11-04)
Quoted lines
- Figure 1
sbs_ovw_act, geo EU27_2020, nace_r2 C2660, indic_sbs ENT_NR, 2023, 1791
- Figure 2
sbs_ovw_act, geo EU27_2020, nace_r2 C2660, indic_sbs NETTUR_MEUR, 2023, 30540
- Figure 3
sbs_ovw_act, geo EU27_2020, nace_r2 C2660, indic_sbs EMP_NR, 2021, 74126
- Figure 1
- U.S. Bureau of Labor Statistics: QCEW annual averages, NAICS 334510, 2025 (2026-11-04)
Quoted lines
- Figure 4
QCEW 2025 annual, US000, private, NAICS 334510, annual_avg_estabs 2220
- Figure 5
QCEW 2025 annual, US000, private, NAICS 334510, annual_avg_emplvl 72575
- Figure 6
QCEW 2020 annual_avg_emplvl 73147; 2025 annual_avg_emplvl 72575
- Figure 7
QCEW 2025 annual, US000, private, NAICS 334510, avg_annual_pay 140429
- Figure 4
- U.S. Food and Drug Administration: openFDA 510(k) clearances, device_name "patient monitoring" (2026-11-04)
Quoted lines
- Figure 8
openFDA device/510k device_name:"patient monitoring", sum of counts by decision_date = 75
- Figure 9
openFDA device/510k decision_date 2021-2025 count = 5
- Figure 8
- U.S. Food and Drug Administration: openFDA 510(k) clearances by applicant, device_name "patient monitoring" (2026-11-04)
Quoted lines
- Figure 10
applicant.exact "Airstrip Technologies, LP" count 8
- Figure 11
applicant.exact "Covidien" count 7
- Figure 12
applicant.exact "Invivo Research, Inc." count 6
- Figure 13
applicant.exact "Invivo Corporation" count 5
- Figure 14
applicant.exact "Capsule Technologie Sas" count 3
- Figure 15
applicant.exact "Covidien, LLC" count 3
- Figure 10
- U.S. National Library of Medicine: PubMed search "telemonitoring"[tiab] AND 2025[dp] (2026-11-04)
Quoted lines
- Figure 16
esearch count 357
- Figure 16
Buyers and suppliers
Who buys
- Hospitals
- Home care providers
- Insurers
Companies to watch
Airstrip Technologies, Lp
8 FDA 510(k) clearances for devices named "patient monitoring".
Covidien
7 FDA 510(k) clearances for devices named "patient monitoring".
Invivo Research, Inc.
6 FDA 510(k) clearances for devices named "patient monitoring".
Invivo Corporation
5 FDA 510(k) clearances for devices named "patient monitoring".
Capsule Technologie Sas
3 FDA 510(k) clearances for devices named "patient monitoring".
Covidien, Llc
3 FDA 510(k) clearances for devices named "patient monitoring".
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the United States market - 03Market size, 2021 to 2025
Historical series and growth rates - 04Outlook to 2031
Base, low and high scenarios with stated assumptions - 05Rules, policy and deadlines
Regulation and programmes that change demand - 06Drivers and barriers
What accelerates or slows adoption, by customer segment - 07Prices, costs and margins
Unit economics where public data allows - 08Competitive landscape
8 to 12 company profiles with recent moves - 09Opportunities and risks
For new entrants, suppliers and investors - 10Method and sources
Every assumption and source, listed
Included with the full report
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- Excel data pack
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- Method note and assumptions
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Frequently asked questions
How many telemonitoring system devices are cleared by the FDA?
openFDA lists 75 510(k) clearances for devices named patient monitoring.
Which companies hold the most FDA clearances for telemonitoring system?
By 510(k) count: Airstrip Technologies, Lp, Covidien, Invivo Research, Inc., Invivo Corporation.
How many US companies are in the telemonitoring system industry?
BLS counts 2,220 private establishments in NAICS 334510 (Electromedical and electrotherapeutic apparatus manufacturing), the closest official industry.
How many EU companies are in the telemonitoring system industry?
Eurostat counts 1,791 enterprises in NACE class C2660 (Manufacture of irradiation, electromedical and electrotherapeutic equipment).
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