Market Overview:
The global ICU patient monitor market is expected to grow at a CAGR of 5.8% 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 patient monitors. Based on type, the high-acuity monitors segment is expected to account for the largest share of the global ICU patient monitor market in 2018. This segment is also projected to grow at a higher CAGR during the forecast period. The large share and high growth rate of this segment can be attributed to increasing demand for technologically advanced monitors that provide accurate information about patients’ condition and help clinicians make better decisions for treatment. Based on application, adult ICUs are expected to account for the largest share of the global ICU patient monitor market in 2018. This segment is also projected to grow at a higher CAGR duringthe forecast period owingto increase incidencesof chronic diseases such as heart disease, stroke, and diabetes mellitus among adults across globe .
Product Definition:
An ICU patient monitor is a device that constantly monitors the vital signs of a patient in an intensive care unit. This includes heart rate, blood pressure, respiratory rate, and oxygen saturation. The information collected by the monitor can help doctors and nurses make sure that the patient is stable and has not developed any complications.
High-acuity Monitors:
High-acuity monitors are intensive care units that provide the most critical patients with round-the-clock monitoring. The devices used in these rooms have advanced features and connectivity, which enable real-time communication between doctors and family members.
The global high acuity monitors market was valued at USD 2,788 million in 2016.
Mid-acuity Monitors:
Mid-acuity monitors are the devices used in Intensive Care Units (ICU) for monitoring patients' vital signs such as heart rate, respiratory rate, body temperature and blood pressure. These devices are also used to provide critical care therapy to the patients. Mid-acuity monitors have a limited range of features compared with high/low acuity monitors but they can be easily installed in any ICU without requiring an upgrade or extensive remodeling work.
Application Insights:
The adult ICU segment held the largest share of over 60.0% in 2017. The high-acuity monitors are used to monitor patients suffering from respiratory diseases, cardiac arrest, and trauma as they require higher level of monitoring due to a critical condition. These devices also have high-definition color displays that enable quick and easy communication between healthcare providers and allow for better monitoring of the patient¢â‚¬â„¢s vitals.
The neonatal ICU segment is expected to grow at a significant rate during the forecast period owing to increasing cases of preterm birth resulting in increased demand for intensive care units across hospitals worldwide.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing awareness about advanced medical devices, high healthcare expenditure and favorable reimbursement policies & regulatory reforms in this region. Moreover, a well-established healthcare infrastructure and presence of key players such as Medtronic; Philips Healthcare; Carestream Health; and Intermountain Healthcare are some factors contributing to the growth of this regional market.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving economic conditions, growing population base along with rising awareness about quality care services in emerging countries such as China & India. Furthermore, government initiatives for developing health infrastructure are anticipated to boost demand for patient monitors over the forecast period.
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. The number of patients with chronic diseases requiring ICU care is expected to increase in the coming years, thereby driving demand for ICU patient monitors.
- Technological advancements: Rapid technological advancements are taking place in the medical device industry, which is benefiting the ICU patient monitor market significantly. Innovative products that offer enhanced performance and features are being launched in the market, thereby attracting more consumers to this segment.
- Growing awareness about early diagnosis and treatment: There has been a growing awareness among people about the importance of early diagnosis and treatment for various illnesses or health conditions, including those that require intensive care unit (ICU) treatment such as heart attacks, strokes, etc.). This is leading to an increase in demand for ICU patient monitors worldwide as these devices help clinicians diagnose health conditions quickly and accurately.
Scope Of The Report
Report Attributes
Report Details
Report Title
ICU Patient Monitor Market Research Report
By Type
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
By Application
Adult ICU, Neonatal ICU
By Companies
Philips Healthcare, GE Healthcare, Nihon Kohden, Dragerwerk, Mindray, OSI (Spacelabs), Hill-Rom (Welch Allyn), Edan, Smiths Medical, Biolight, Schiller, Creative Medical, CAS Medical Systems
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 Patient Monitor Market Report Segments:
The global ICU Patient Monitor market is segmented on the basis of:
Types
High-acuity Monitors, Mid-acuity Monitors, Low-acuity Monitors
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
Adult ICU, Neonatal 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
- Dragerwerk
- Mindray
- OSI (Spacelabs)
- Hill-Rom (Welch Allyn)
- Edan
- Smiths Medical
- Biolight
- Schiller
- Creative Medical
- CAS Medical Systems
Highlights of The ICU Patient Monitor 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:
- High-acuity Monitors
- Mid-acuity Monitors
- Low-acuity Monitors
- By Application:
- Adult ICU
- Neonatal 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 ICU Patient Monitor 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?
ICU Patient Monitor is a medical device that continuously monitors the vital signs of an ICU patient.
Some of the major companies in the icu patient monitor market are Philips Healthcare, GE Healthcare, Nihon Kohden, Dragerwerk, Mindray, OSI (Spacelabs), Hill-Rom (Welch Allyn), Edan, Smiths Medical, Biolight, Schiller, Creative Medical, CAS Medical Systems.
The icu patient monitor market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ICU Patient Monitor 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 Patient Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ICU Patient Monitor 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 Patient Monitor 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 Patient Monitor Market Size & Forecast, 2020-2028
4.5.1 ICU Patient Monitor Market Size and Y-o-Y Growth
4.5.2 ICU Patient Monitor 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 High-acuity Monitors
5.2.2 Mid-acuity Monitors
5.2.3 Low-acuity Monitors
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 Adult ICU
6.2.2 Neonatal ICU
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ICU Patient Monitor 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 Patient Monitor 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 High-acuity Monitors
9.6.2 Mid-acuity Monitors
9.6.3 Low-acuity Monitors
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 Adult ICU
9.10.2 Neonatal 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 High-acuity Monitors
10.6.2 Mid-acuity Monitors
10.6.3 Low-acuity Monitors
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 Adult ICU
10.10.2 Neonatal 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 High-acuity Monitors
11.6.2 Mid-acuity Monitors
11.6.3 Low-acuity Monitors
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 Adult ICU
11.10.2 Neonatal 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 High-acuity Monitors
12.6.2 Mid-acuity Monitors
12.6.3 Low-acuity Monitors
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 Adult ICU
12.10.2 Neonatal 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 High-acuity Monitors
13.6.2 Mid-acuity Monitors
13.6.3 Low-acuity Monitors
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 Adult ICU
13.10.2 Neonatal 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 ICU Patient Monitor Market: Competitive Dashboard
14.2 Global ICU Patient Monitor 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 Dragerwerk
14.3.5 Mindray
14.3.6 OSI (Spacelabs)
14.3.7 Hill-Rom (Welch Allyn)
14.3.8 Edan
14.3.9 Smiths Medical
14.3.10 Biolight
14.3.11 Schiller
14.3.12 Creative Medical
14.3.13 CAS Medical Systems
