Market Overview:
The global intensive care 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 geriatric population, and technological advancements in ICU monitoring systems. Based on type, the global intensive care monitoring system market is segmented into cardiac monitors, hemodynamic monitors, respiratory monitors, blood glucose monitors, and others. The cardiac monitor segment is expected to account for the largest share of the global ICU monitoring system market in 2018. This can be attributed to increasing prevalence of cardiovascular diseases across the globe. Based on application, the hospital segment is expected to account for a majority share of the global ICU monitoring system market in 2018. This can be attributed to growing number of hospitals and clinics worldwide and rising demand for advanced ICU Monitoring Systems In terms of region, North America accounted for a majority share (36%)of th eglobal Intensive Care Monitoring System Marketin 2017and itis projectedto maintain its dominance throughoutthe forecastperiod .
Product Definition:
An Intensive Care Monitoring System (ICMS) is a system that monitors the vital signs of patients in an intensive care unit. The ICMS collects data from patient monitors and displays it in a central location, allowing nurses to quickly identify any changes in a patient's condition. The ICMS also allows nurses to generate reports on individual patients or groups of patients, which can help identify trends and improve care.
Cardiac:
Cardiac is a system that monitors the heart's functions and conditions. It is an important tool in intensive care units (ICU) as it provides vital information to the doctors for treating patients with cardiac arrest. The factors that propel growth of this market include increasing prevalence of cardiovascular diseases, rising geriatric population base, technological advancements such as implantable loop recorders and sensors, favorable government initiatives pertaining to healthcare infrastructure development along with growing demand for remote monitoring devices.
Hemodynamic:
Hemodynamic monitoring is the process of measuring and analyzing the blood flow and pressure in the circulatory system. It helps to diagnose or treat diseases related to blood vessels, heart, or kidney. The hemostasis techniques include external hemorrhage control, internal hemorrhage control, resuscitation efforts including continuous cardiac compressions (CC), laparoscopy (LA), manual compression devices (MD) and others.
Application Insights:
The hospital application segment dominated the global intensive care monitoring system market in 2017. This can be attributed to a large number of hospitals and healthcare centers that have implemented these systems. Furthermore, an increase in the prevalence of chronic diseases such as heart diseases, respiratory disorders and diabetes is expected to drive demand for ICU monitoring systems over the forecast period.
Clinic applications are anticipated to witness significant growth over the forecast period owing to increasing awareness about better healthcare services among consumers across various regions globally. For instance, according to a study published by NCBI in 2018, it was found that around 54% of adults suffer from some form of cardiovascular disease or another which requires medical attention within three months but goes untreated due to lack of awareness about it among consumers globally. Thus this factor is expected to boost demand for ICU monitors at clinics during future years.
Regional Analysis:
North America dominated the global intensive care monitoring system market in 2017. This can be attributed to the presence of well-established healthcare facilities, availability of highly skilled physicians and advanced medical devices. Moreover, increasing number of research & development activities by key players for developing advanced products is expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising geriatric population and improving economic conditions in emerging countries such as India and China. In addition, growing awareness regarding critical care medicine among people is driving regional growth.
In 2016, The National Health Commission (NHC) was formed in Thailand with an aim to promote health equity throughout Asia by addressing issues pertaining high blood pressure or diabetes that may lead towards cardiovascular diseases or respiratory failure respectively thus escalating costs associated with Intensive Care Monitoring System (ICMS).
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 Intensive Care Monitoring System market is expected to benefit from this trend as hospitals and clinics adopt these systems to monitor the condition of patients with chronic diseases.
- Growing demand for home healthcare services: There has been a growing demand for home healthcare services in recent years due to the rising cost of hospitalization and lack of availability of beds in hospitals. This has led to an increase in the number of patients who are being treated at home with the help of Intensive Care Monitoring Systems.
- Technological advancements: The Intensive Care Monitoring System market is witnessing rapid technological advancements, with new systems being launched every year that are more efficient and user-friendly than their predecessors. This is helping fuel growth in this market segment as hospitals and clinics upgrade their existing monitoring systems or install new ones altogether..
Scope Of The Report
Report Attributes
Report Details
Report Title
Intensive Care Monitoring System Market Research Report
By Type
Cardiac, Hemodynamic, Respiratory, Blood Glucose monitoring, Others
By Application
Hospital, Clinic, Others
By Companies
Medtronic, Abbott, Baxter, Bosch Medical, Boston Scientific, CR Bard, Cardiogram, Carematix, GE Healthcare, Phillips, Roche
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Intensive Care Monitoring System Market Report Segments:
The global Intensive Care Monitoring System market is segmented on the basis of:
Types
Cardiac, Hemodynamic, Respiratory, Blood Glucose monitoring, Others
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, Others
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:
- Medtronic
- Abbott
- Baxter
- Bosch Medical
- Boston Scientific
- CR Bard
- Cardiogram
- Carematix
- GE Healthcare
- Phillips
- Roche
Highlights of The Intensive Care 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:
- Cardiac
- Hemodynamic
- Respiratory
- Blood Glucose monitoring
- Others
- By Application:
- Hospital
- Clinic
- Others
- 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 Intensive Care 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.
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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
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- 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?
Intensive care monitoring system (ICMS) is a type of medical device that helps to improve the quality of life for patients in intensive care units. ICMSs are typically worn on the body and use sensors to monitor vital signs, oxygen levels, heart rate, and other health indicators. This information is then used to provide real-time alerts or warnings about potential problems with the patient's health.
Some of the major companies in the intensive care monitoring system market are Medtronic, Abbott, Baxter, Bosch Medical, Boston Scientific, CR Bard, Cardiogram, Carematix, GE Healthcare, Phillips, Roche.
The intensive care monitoring system 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 Intensive Care 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 Intensive Care Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intensive Care 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 Intensive Care 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 Intensive Care Monitoring System Market Size & Forecast, 2018-2028
4.5.1 Intensive Care Monitoring System Market Size and Y-o-Y Growth
4.5.2 Intensive Care Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Intensive Care Monitoring System 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 Intensive Care Monitoring System Market Size Forecast by Type
5.2.1 Cardiac
5.2.2 Hemodynamic
5.2.3 Respiratory
5.2.4 Blood Glucose monitoring
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intensive Care Monitoring System 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 Intensive Care Monitoring System Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intensive Care 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 Intensive Care 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 Intensive Care Monitoring System Analysis and Forecast
9.1 Introduction
9.2 North America Intensive Care Monitoring System 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 Intensive Care Monitoring System Market Size Forecast by Type
9.6.1 Cardiac
9.6.2 Hemodynamic
9.6.3 Respiratory
9.6.4 Blood Glucose monitoring
9.6.5 Others
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 Intensive Care Monitoring System Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
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 Intensive Care Monitoring System Analysis and Forecast
10.1 Introduction
10.2 Europe Intensive Care Monitoring System 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 Intensive Care Monitoring System Market Size Forecast by Type
10.6.1 Cardiac
10.6.2 Hemodynamic
10.6.3 Respiratory
10.6.4 Blood Glucose monitoring
10.6.5 Others
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 Intensive Care Monitoring System Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
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 Intensive Care Monitoring System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intensive Care Monitoring System 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 Intensive Care Monitoring System Market Size Forecast by Type
11.6.1 Cardiac
11.6.2 Hemodynamic
11.6.3 Respiratory
11.6.4 Blood Glucose monitoring
11.6.5 Others
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 Intensive Care Monitoring System Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
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 Intensive Care Monitoring System Analysis and Forecast
12.1 Introduction
12.2 Latin America Intensive Care Monitoring System 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 Intensive Care Monitoring System Market Size Forecast by Type
12.6.1 Cardiac
12.6.2 Hemodynamic
12.6.3 Respiratory
12.6.4 Blood Glucose monitoring
12.6.5 Others
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 Intensive Care Monitoring System Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
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) Intensive Care Monitoring System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intensive Care Monitoring System 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) Intensive Care Monitoring System Market Size Forecast by Type
13.6.1 Cardiac
13.6.2 Hemodynamic
13.6.3 Respiratory
13.6.4 Blood Glucose monitoring
13.6.5 Others
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) Intensive Care Monitoring System Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
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 Intensive Care Monitoring System Market: Competitive Dashboard
14.2 Global Intensive Care Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott
14.3.3 Baxter
14.3.4 Bosch Medical
14.3.5 Boston Scientific
14.3.6 CR Bard
14.3.7 Cardiogram
14.3.8 Carematix
14.3.9 GE Healthcare
14.3.10 Phillips
14.3.11 Roche
