Precedence Research recently published a report on “Patient Monitoring Devices Market Size, Share and Growth Analysis (By Product: Cardiac Monitoring Devices, Blood Glucose Monitoring Systems, Multi-parameter Monitoring Devices, Temperature Monitoring Devices, Respiratory Monitoring Devices, Other; End-use: Hospitals, Home Care Settings, Ambulatory Surgery Centers, Other) – Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030”, The global patient monitoring devices market size is projected to reach USD 66.56 billion by 2030 from an estimated USD 36.5 billion in 2021, at a CAGR of 8.3% from 2021 – 2030.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates patient monitoring devices market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global patient monitoring devices market for the period from 2017 to 2030.
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Scope of the Study
This patient monitoring devices market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Increasing demand for remote patient monitoring favoring the global patient monitoring devices market
The increasing use of the IoT (Internet of Things) technology for analyzing continuous glucose monitoring, blood pressure observation, temperature recording, and pulse oximetry is helping to improve the capabilities of remote patient monitoring devices. These devices can be Fitbit, glucose monitors, wearable heart trackers, Bluetooth-enabled scales, smart shoes & belts, or maternity care trackers. By accumulating, transmitting, processing, and storing such information, the devices enable doctors/practitioners to uncover patterns and discover potential health risks associated with a patient. As a result of rising technological advancements, these technologies are proving to be more efficient and accurate, which in turn has made it easier for doctors to diagnose patients accurately and help them in recovering from their past traumas. Growing penetration of 5G technology could enhance the performance of these devices, thereby giving the global market for patient monitoring devices more growth prospects.
Provisions of improved healthcare are propelling the growth of global patient monitoring devices market growth
These patient monitoring systems have helped reduce readmissions of patients, minimize unnecessary doctor visits, improve diagnoses, keep track of vitals in a timely manner, and more. According to an estimate from Information Handling Services, over 4 million people have gained access to remote checks and tracking of their health problems by 2020. The WHO reports that cardiovascular diseases have ranked as one of the leading causes of death globally, killing approximately 17.9 million people each year. Because it accounts for a sizeable portion of the global population, the global patient monitoring devices market has thus been witnessing a rapid growth rate as a result of the huge demand for cardiac monitoring devices worldwide.
The global demand for patient monitoring devices is driven by cardiac monitoring devices sub-segment
Based on product type, the global patient monitoring devices market is segmented into hemodynamic monitoring, neuromonitoring, cardiac monitoring, blood glucose monitoring, fetal & neonatal monitoring, respiratory monitoring, multi-parameter monitoring, remote patient monitoring, weight monitoring, temperature monitoring devices, and others. The cardiac monitoring devices segment accounted for the largest share in the global patient monitoring devices market in 2020. The increasing prevalence of cardiovascular disorders, such as stroke and heart failure around the world, is driving the growth of the global patient monitoring devices market. Coronary heart disease is one of the most common causes of death worldwide; therefore, analyzing the health of those who have higher cholesterol levels is crucial. The growth of the global patient monitoring devices market has been spurred by the increased requirement for cardiac patient monitoring following coronary artery surgery. In June 2021, CardioLabs, an independent diagnostic testing facility (IDTF), was acquired by AliveCor to expand its cardiology services to patients who use monitoring devices prescribed by healthcare specialists.
The Hospitals segment occupies the largest market share in the global patient monitoring devices market
Across end-users inclusive of the hospitals, home settings, ambulatory surgery centers, and others, the hospital segment accumulated the largest share in 2020. The segment is witnessing growth due to a higher focus on accurately diagnosing, treating, and providing care to patients. Developing countries around the world have shown an increase in healthcare spending and budgets to incorporate precision technologies across hospitals for improving healthcare facilities and enhancing the lives of those with chronic diseases. The global patient monitoring devices market has also been witnessing growing procedural volumes across hospital settings. Despite the fact that surgical facilities have been catching up with rising chronic diseases globally, hospitals are still regarded as the safest treatment options due to their availability and the advent of the latest technologies in healthcare. It has thus helped in driving the growth of the global patient monitoring devices market.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the patient monitoring devices market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the patient monitoring devices market include:
Abbott Laboratories, Hill-Rom Holdings, Inc., Drägerwerk AG & Co. KGaA, Edwards Lifesciences Corporation, OMRON Corporation, Masimo Corporation, Compumedics Limited, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Nihon Kohden Corporation, Natus Medical, Medtronic plc (Ireland), Koninklijke Philips N.V., GE Healthcare, Getinge AB, Boston Scientific Corporation, Dexcom, Inc., Nonin, BIOTRONIK, SCHILLER, and BioTelemetry, Inc. and many others.
Segments Covered in the Report
By Product
By End-use
By Geography
Key Points Covered inpatient monitoring devices market Study:
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Patient Monitoring Devices Market, By Product
7.1. Patient Monitoring Devices Market, by Product Type, 2021-2030
7.1.1. Cardiac Monitoring Devices
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Blood Glucose Monitoring Systems
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Multi-parameter Monitoring Devices
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Temperature Monitoring Devices
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Respiratory Monitoring Devices
7.1.5.1. Market Revenue and Forecast (2017-2030)
7.1.6. Hemodynamic/Pressure Monitoring Devices
7.1.6.1. Market Revenue and Forecast (2017-2030)
7.1.7. Fetal & Neonatal Monitoring Devices
7.1.7.1. Market Revenue and Forecast (2017-2030)
7.1.8. Neuromonitoring Devices
7.1.8.1. Market Revenue and Forecast (2017-2030)
7.1.9. Weight Monitoring Devices
7.1.9.1. Market Revenue and Forecast (2017-2030)
7.1.10. Others
7.1.10.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Patient Monitoring Devices Market, By End-use
8.1. Patient Monitoring Devices Market, by End-use, 2021-2030
8.1.1. Hospitals
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Home Care Settings
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Ambulatory Surgery Centers
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Patient Monitoring Devices Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by End-use (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 10. Company Profiles
10.1. Abbott Laboratories
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Hill-Rom Holdings, Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Drägerwerk AG & Co. KGaA
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Edwards Lifesciences Corporation
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. OMRON Corporation
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Masimo Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Compumedics Limited
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Nihon Kohden Corporation
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Natus Medical
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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