Market Overview:
The global centralized patient monitoring system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising demand for home healthcare, and technological advancements in patient monitoring systems. Based on type, the global centralized patient monitoring system market is segmented into below 16 bed, 36 bed, 64 bed, and above 64 bed segments. The 36 bed segment is expected to account for the largest share of the global centralized patient monitoring system market in 2018 owing to its growing popularity among hospitals and clinics due to its low cost and easy installation. By application, the general ward segment is expected to account for the largest share of the global centralized patient monitoring system market in 2018 owing to an increase in hospital admissions across regions.
Product Definition:
A centralized patient monitoring system is a healthcare information system that enables clinicians to remotely monitor the health status of patients in multiple care settings. The importance of a centralized patient monitoring system is that it enables clinicians to detect and respond to changes in a patient's condition quickly, which can improve clinical outcomes and reduce the risk of hospital-acquired infections.
Below 16 Bed:
The global below 16 bed, it's usage and growth factor in the centralized patient monitoring system market was valued at USD 1.1 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
36 Bed:
36 bed is a medical device used in the healthcare sector to monitor patients. It is also known as centralized patient monitoring system orCPMS. The 36-bed model consists of six beds per room, each bed has its own private connection to the outside world and can be monitored by one nurse or doctor from any location.
This model provides benefits such as reduced infection rate, timely medication delivery, improved patient outcomes.
Application Insights:
The general ward segment dominated the global market in 2017. The growth of this segment can be attributed to an increase in the number of hospitals and healthcare centers, which are primarily focusing on improving their bed management practices. Furthermore, increasing awareness among patients regarding advanced care is also driving the demand for CPM systems in this application segment.
The ICU or intensive care unit segment is expected to exhibit a higher CAGR over the forecast period owing to an increase in hospital-acquired infections and other health complications that require close medical attention and monitoring at a constant pace throughout the course of treatment. Moreover, there has been an increased focus on reducing hospital acquired infections by developing stringent infection control procedures within hospitals as well as across entire healthcare sectors globally since last few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing awareness about patient safety, technological advancements, and high healthcare expenditure in this region. The U.S., which accounts for a major share of the North American regional market, is one of the most developed countries when it comes to healthcare infrastructure and technology adoption across hospitals and clinics. As a result of all these factors coming together, there is an increased demand for centralized patient monitoring systems in this region as well as other regions around the world during peak periodical events such as pandemic (H1N1) or COVID-19 related incidents or natural disasters like hurricanes/cyclones/typhoons etc.
Growth Factors:
- Increasing demand for patient safety and quality care
- Rising prevalence of chronic diseases and geriatric population
- Technological advancements in centralized patient monitoring systems
- Growing awareness about the benefits of centralized patient monitoring systems
- Increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Centralized Patient Monitoring System Market Research Report
By Type
Below 16 Bed, 36 Bed, 64 Bed, Above 64 Bed
By Application
Gneral Ward, ICU
By Companies
Philips Healthcare, GE Healthcare, Nihon Kohden, Drager, Mindray, OSI (Spacelabs), Schiller, Welch Allyn, Infinium Medical, Comen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Centralized Patient Monitoring System Market Report Segments:
The global Centralized Patient Monitoring System market is segmented on the basis of:
Types
Below 16 Bed, 36 Bed, 64 Bed, Above 64 Bed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gneral Ward, ICU
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Healthcare
- GE Healthcare
- Nihon Kohden
- Drager
- Mindray
- OSI (Spacelabs)
- Schiller
- Welch Allyn
- Infinium Medical
- Comen
Highlights of The Centralized Patient Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 16 Bed
- 36 Bed
- 64 Bed
- Above 64 Bed
- By Application:
- Gneral Ward
- ICU
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Centralized Patient Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Centralized Patient Monitoring System (CPMS) is a computer-based system that collects, stores, and analyzes data from patients' medical devices. CPMS can help doctors diagnose and treat patients more effectively by tracking their health status over time.
Some of the key players operating in the centralized patient monitoring system market are Philips Healthcare, GE Healthcare, Nihon Kohden, Drager, Mindray, OSI (Spacelabs), Schiller, Welch Allyn, Infinium Medical, Comen.
The centralized patient monitoring system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Centralized Patient Monitoring System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Centralized Patient Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Centralized Patient Monitoring System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Centralized Patient Monitoring System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Centralized Patient Monitoring System Market Size & Forecast, 2020-2028
4.5.1 Centralized Patient Monitoring System Market Size and Y-o-Y Growth
4.5.2 Centralized Patient Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 16 Bed
5.2.2 36 Bed
5.2.3 64 Bed
5.2.4 Above 64 Bed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Gneral Ward
6.2.2 ICU
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Centralized Patient Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Centralized Patient Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 16 Bed
9.6.2 36 Bed
9.6.3 64 Bed
9.6.4 Above 64 Bed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Gneral Ward
9.10.2 ICU
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 16 Bed
10.6.2 36 Bed
10.6.3 64 Bed
10.6.4 Above 64 Bed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Gneral Ward
10.10.2 ICU
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 16 Bed
11.6.2 36 Bed
11.6.3 64 Bed
11.6.4 Above 64 Bed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Gneral Ward
11.10.2 ICU
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 16 Bed
12.6.2 36 Bed
12.6.3 64 Bed
12.6.4 Above 64 Bed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Gneral Ward
12.10.2 ICU
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 16 Bed
13.6.2 36 Bed
13.6.3 64 Bed
13.6.4 Above 64 Bed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Gneral Ward
13.10.2 ICU
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Centralized Patient Monitoring System Market: Competitive Dashboard
14.2 Global Centralized Patient Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Healthcare
14.3.2 GE Healthcare
14.3.3 Nihon Kohden
14.3.4 Drager
14.3.5 Mindray
14.3.6 OSI (Spacelabs)
14.3.7 Schiller
14.3.8 Welch Allyn
14.3.9 Infinium Medical
14.3.10 Comen
