Market Overview:
The global digital patient monitoring device 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 geriatric population, and technological advancements in digital patient monitoring devices. Based on type, the global digital patient monitoring device market is segmented into diagnostic and therapeutic devices. The diagnostic devices segment is further sub-segmented into vital signs monitors, blood pressure monitors, ECG machines, spirometers, and others (lactate meters and glucometers). The therapeutic devices segment is further sub-segmented into insulin pumps & CGMs (continuous glucose monitors), cardiac rhythm management (CRM) Devices pacemakers & ICDs), implantable cardioverter defibrillators), neurostimulators) ventricular assist devices), and others (bone growth stimulators). In terms of application, the global digital patient monitoring device market is divided into hospitals clinics,, home care settings,. Hospitals are expected to account for the largest share of this market in 2018 owing to rising number of patients suffering from chronic diseases such as heart failure congestive heart failure ), stroke ), cancer ) that require continuous monitoring. Clinics are projected to be the fastest-growing application segment during the forecast period due to increasing demand for outpatient services among people across all age groups.
Product Definition:
A digital patient monitoring device is a piece of medical equipment used to monitor a patient's vital signs. This type of device typically includes sensors that track heart rate, blood pressure, oxygen saturation levels, and other key health metrics. Digital patient monitors can provide physicians and nurses with real-time information on a patients' condition, which can help them make more informed decisions about their care.
Diagnostic:
The global diagnostic market size was valued at USD 32.2 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The rising geriatric population base, increasing prevalence of chronic diseases such as diabetes, cardiovascular disorders & cancer and growing demand for early diagnosis are some major factors that are driving the growth of this industry globally.
Therapeutic:
Therapeutic and it's usage in Digital Patient Monitoring Device market is used for the treatment of chronic diseases such as diabetes, cardiovascular disorders, respiratory problems. It helps to maintain a record of patient’s vital statistics such as temperature, blood pressure and other body functions which are essential for the doctors to monitor during treatment. Therapeutic also provides data storage facility along with internet connectivity which enables patients to access their medical history at any point of time.
Application Insights:
Based on application, the global market has been segmented into hospitals, clinics and home healthcare. The hospitals segment dominated the market in 2017 owing to an increase in hospital-acquired chronic diseases such as diabetes and cardiac disorders. According to a study published by the CDC in September 2016, around 35% of adults have one or more chronic diseases. Thus, a large patient base with various conditions increases demand for digital patient monitoring devices at hospitals across the world.
The clinics segment is expected to witness lucrative growth over the forecast period due to increasing awareness about preventive healthcare among consumers and rising adoption of these devices at outpatient facilities as well as primary care settings. Increasing prevalence of infectious diseases along with high demand for effective disease management through early detection is also expected drive growth over forecast period globally. Furthermore, technological advancements that facilitate easy data transfer from traditional paper medical records will further boost industry growth during this period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of advanced technologies, and favorable reimbursement policies & regulatory reforms in this region. For instance, in 2015, GE Healthcare launched its first ever digital patient monitor system called CareLinkMD with connectivity feature that allowed real-time data sharing between hospitals and clinics.
Asia Pacific is expected to grow at a lucrative CAGR during the forecast period owing to increasing government initiatives pertaining towards quality healthcare services delivery coupled with rising demand for technologically advanced medical devices among patients and physicians alike.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for around 63% of all deaths worldwide. This number is expected to increase to 73% by 2030. This presents a huge opportunity for digital patient monitoring devices, as they can help in early diagnosis and treatment of these conditions.
- Rising demand for home healthcare: There has been a significant rise in the demand for home healthcare services in recent years, as patients prefer to be treated in their own homes rather than go through the hassle of visiting a hospital or clinic. Digital patient monitoring devices can play an important role in providing home healthcare services, as they allow doctors and caregivers to keep track on patients’ health condition remotely.
- Growing awareness about preventive care: There has been a growing awareness among people about the importance of preventive care, especially with regards to chronic diseases such as heart disease, diabetes, etcetera). Digital patient monitoring devices can play an important role here by helping people track their health parameters on a regular basis and take necessary steps to prevent any major health issues from developing later on..
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Patient Monitoring Device Market Research Report
By Type
Diagnostic, Therapeutic
By Application
Hospitals, Clinics, Home
By Companies
Omron, AT&T, Phillips Healthcare, Airstrip Technologies, Athenahealth, Abbott, Hill-Rom, Medtronic, GE Healthcare, Fitbit, Omron, Jawbone, Vital Connect, ResMed, Zephyr Technology
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Digital Patient Monitoring Device Market Report Segments:
The global Digital Patient Monitoring Device market is segmented on the basis of:
Types
Diagnostic, Therapeutic
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
Hospitals, Clinics, Home
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:
- Omron
- AT&T
- Phillips Healthcare
- Airstrip Technologies
- Athenahealth
- Abbott
- Hill-Rom
- Medtronic
- GE Healthcare
- Fitbit
- Omron
- Jawbone
- Vital Connect
- ResMed
- Zephyr Technology
Highlights of The Digital Patient Monitoring Device 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:
- Diagnostic
- Therapeutic
- By Application:
- Hospitals
- Clinics
- Home
- 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 Digital Patient Monitoring Device 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.
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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 digital patient monitoring device (DPMD) is a medical device that monitors vital signs, such as heart rate and blood pressure, from a patient's home.
Some of the major players in the digital patient monitoring device market are Omron, AT&T, Phillips Healthcare, Airstrip Technologies, Athenahealth, Abbott, Hill-Rom, Medtronic, GE Healthcare, Fitbit, Omron, Jawbone, Vital Connect, ResMed, Zephyr Technology.
The digital patient monitoring device market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Patient Monitoring Device 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 Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size & Forecast, 2018-2028
4.5.1 Digital Patient Monitoring Device Market Size and Y-o-Y Growth
4.5.2 Digital Patient Monitoring Device Market Absolute $ Opportunity
Chapter 5 Global Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size Forecast by Type
5.2.1 Diagnostic
5.2.2 Therapeutic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Patient Monitoring Device 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 Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Analysis and Forecast
9.1 Introduction
9.2 North America Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size Forecast by Type
9.6.1 Diagnostic
9.6.2 Therapeutic
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 Digital Patient Monitoring Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Home
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 Digital Patient Monitoring Device Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size Forecast by Type
10.6.1 Diagnostic
10.6.2 Therapeutic
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 Digital Patient Monitoring Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Home
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 Digital Patient Monitoring Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size Forecast by Type
11.6.1 Diagnostic
11.6.2 Therapeutic
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 Digital Patient Monitoring Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Home
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 Digital Patient Monitoring Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Patient Monitoring Device 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 Digital Patient Monitoring Device Market Size Forecast by Type
12.6.1 Diagnostic
12.6.2 Therapeutic
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 Digital Patient Monitoring Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Home
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) Digital Patient Monitoring Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Patient Monitoring Device 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) Digital Patient Monitoring Device Market Size Forecast by Type
13.6.1 Diagnostic
13.6.2 Therapeutic
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) Digital Patient Monitoring Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Home
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 Digital Patient Monitoring Device Market: Competitive Dashboard
14.2 Global Digital Patient Monitoring Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 AT&T
14.3.3 Phillips Healthcare
14.3.4 Airstrip Technologies
14.3.5 Athenahealth
14.3.6 Abbott
14.3.7 Hill-Rom
14.3.8 Medtronic
14.3.9 GE Healthcare
14.3.10 Fitbit
14.3.11 Omron
14.3.12 Jawbone
14.3.13 Vital Connect
14.3.14 ResMed
14.3.15 Zephyr Technology
