Market Overview:
The global ICU monitoring market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in ICU monitoring devices. The global ICU monitoring market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into software, hardware, and service. The software segment dominates the global ICU monitoring market owing to its growing demand for real-time patient data analysis and remote patient care services. On the basis of application, hospitals account for a major share of the global ICU monitoring market due to an increase in number of patients admitted with critical illnesses such as heart failure and sepsis. However, clinics are expected to witness highest growth during forecast period owing to an increase in demand for outpatient care services across regions such as North America and Europe.
Product Definition:
1. ICU monitoring refers to the continuous assessment of a patient's condition in an intensive care unit (ICU) setting. This assessment includes regular monitoring of vital signs, such as heart rate and blood pressure, as well as other parameters such as oxygen saturation and brain function.
2. The importance of ICU monitoring is that it allows healthcare providers to detect changes in a patient's condition quickly and take appropriate action to prevent further deterioration.
Software:
Software is a collection of programs and routines that provide instructions for the operation of computers and other devices. Software is used in medical devices to enhance their performance by performing specific tasks such as data processing, image analysis, etc.
Hardware:
Hardware is the devices and components that are used to build a system for communication. In our case, it will be used in ICU monitoring systems. Hardware components of an ICU include sensors, transducers, amplifiers & analog-to-digital converters (ADCs), digital signal processors (DSPs), data recorders/controllers (DR/C), display drivers and power management integrated circuits (PMICs).
Application Insights:
The hospital application segment dominated the global ICU monitoring market in 2017. This can be attributed to a large number of hospitals and healthcare centers that offer 24-hour emergency services and acute care units, which require continuous monitoring of patient condition. Moreover, an increasing number of hospitals offering advanced healthcare facilities with highly skilled staff is expected to boost product demand over the forecast period.
Clinical research accounted for a significant share in 2017 owing to an increase in R&D activities across various industries such as pharmaceuticals, biotechnology and medical devices. Continuous development for new products with better accuracy & reliability is driving the need for advanced equipment such as ICP monitors that provide real-time data during clinical trials. These factors are anticipated to drive segment growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of key players, high adoption rate of advanced technologies, and increasing demand for patient safety & comfort. Moreover, increasing government funding for improving healthcare infrastructure is also expected to drive growth over the forecast period. Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as India & China.
Some of the major companies operating in this space are Philips Healthcare; Masimo Corporation; Carestream Health; E-Clinical Solutions Inc.; American Hospital Equipment Corp.; GE Healthcare; Siemens Healthineers AG & Co., Ltd.; Koninklijke Philips N.V.
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. The ICU monitoring market is expected to benefit from this trend as hospitals and clinics increasingly adopt ICU monitoring solutions to manage patients with chronic diseases.
- Rising demand for home healthcare services: A growing number of people are now preferring to receive healthcare services in their homes instead of going to a hospital or clinic. This has led to a rise in demand for home healthcare services, which in turn is benefiting the ICU monitoring market.
- Advances in technology: Rapid advances in technology are enabling manufacturers to develop innovative ICU monitoring solutions that offer better performance and features than earlier versions. This is helping them capture a larger share of the global market, thereby driving its growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
ICU Monitoring Market Research Report
By Type
Software, Hardware, Service
By Application
Hospital, Clinic, Other
By Companies
Siemens, NEC Corporation, GE, Anodot, ServiceNow, Splunk Inc., Signal AI, iCetana, OpsRamp, Banjo AI, Arthur AI, VANTIQ
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global ICU Monitoring Market Report Segments:
The global ICU Monitoring market is segmented on the basis of:
Types
Software, Hardware, Service
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
Hospital, Clinic, Other
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:
- Siemens
- NEC Corporation
- GE
- Anodot
- ServiceNow
- Splunk Inc.
- Signal AI
- iCetana
- OpsRamp
- Banjo AI
- Arthur AI
- VANTIQ
Highlights of The ICU Monitoring 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:
- Software
- Hardware
- Service
- By Application:
- Hospital
- Clinic
- Other
- 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 ICU Monitoring 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
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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?
ICU monitoring is a process that helps to ensure the safety and well-being of patients in the intensive care unit (ICU). Monitoring includes checking vital signs, providing nutrition and hydration, and administering medications as needed.
Some of the major companies in the icu monitoring market are Siemens, NEC Corporation, GE, Anodot, ServiceNow, Splunk Inc., Signal AI, iCetana, OpsRamp, Banjo AI, Arthur AI, VANTIQ.
The icu monitoring 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 ICU Monitoring 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 ICU Monitoring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ICU Monitoring 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 ICU Monitoring 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 ICU Monitoring Market Size & Forecast, 2018-2028
4.5.1 ICU Monitoring Market Size and Y-o-Y Growth
4.5.2 ICU Monitoring Market Absolute $ Opportunity
Chapter 5 Global ICU Monitoring 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 ICU Monitoring Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ICU Monitoring 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 ICU Monitoring Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ICU Monitoring 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 ICU Monitoring 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 ICU Monitoring Analysis and Forecast
9.1 Introduction
9.2 North America ICU Monitoring 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 ICU Monitoring Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.6.3 Service
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 ICU Monitoring Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
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 ICU Monitoring Analysis and Forecast
10.1 Introduction
10.2 Europe ICU Monitoring 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 ICU Monitoring Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.6.3 Service
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 ICU Monitoring Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
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 ICU Monitoring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ICU Monitoring 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 ICU Monitoring Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.6.3 Service
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 ICU Monitoring Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
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 ICU Monitoring Analysis and Forecast
12.1 Introduction
12.2 Latin America ICU Monitoring 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 ICU Monitoring Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.6.3 Service
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 ICU Monitoring Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
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) ICU Monitoring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ICU Monitoring 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) ICU Monitoring Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.6.3 Service
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) ICU Monitoring Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
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 ICU Monitoring Market: Competitive Dashboard
14.2 Global ICU Monitoring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 NEC Corporation
14.3.3 GE
14.3.4 Anodot
14.3.5 ServiceNow
14.3.6 Splunk Inc.
14.3.7 Signal AI
14.3.8 iCetana
14.3.9 OpsRamp
14.3.10 Banjo AI
14.3.11 Arthur AI
14.3.12 VANTIQ
