Market Overview:
The global patient monitoring devices 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 patient monitoring devices. EEG Devices are further sub-segmentedinto single channel EEGsand multi-channel EEGs.
Product Definition:
Patient monitoring devices are used in hospitals and other medical facilities to track a patient's vital signs and other health information. This information can be used to help physicians diagnose and treat patients. Patient monitoring devices are important because they can help ensure that patients receive timely treatment for any potential health problems.
Hemodynamic Monitoring Devices:
Hemodynamic monitoring devices are used to monitor the blood volume and blood pressure of a patient. It is an invasive procedure that requires insertion into a vein or artery of the patient. The other methods for measuring these parameters include manual observation, indirect measurement through pulse rate, and direct measurement through sphygmomanometer.
Blood Glucose Monitoring Devices:
Blood glucose monitoring devices are used for the regular measurement of blood sugar level in patients suffering from diabetes. The global Blood Glucose Monitoring (BGM) and it's usage in patient monitoring market size was valued at USD 2,37,000 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
Based on application, the global patient monitoring devices market is segmented into hospitals and clinics, home settings, and ambulatory surgical centers. The hospitals and clinics segment dominated the market in 2017 owing to factors such as increasing prevalence of chronic diseases such as cancer that require regular medical checkups. Furthermore, an increase in hospital-acquired devices may also contribute to the growth of this segment during the forecast period.
The home setting segment is expected to grow at a significant rate over the forecast period due to rising awareness about early detection of disease among both patients and healthcare providers. For instance, according to a study published by NCBI in 2018; it was found that out of 13 blood glucose monitoring devices tested 9 were accurate enough for self-monitoring with 1 finger prick device (SMBG).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high awareness levels coupled with relatively higher health expenditure in this region as compared to other regions. The Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing government initiatives for improving healthcare facilities and systems along with rising disposable income and demand for advanced patient monitoring & diagnostic devices. Moreover, economic development in countries such as India, China, Japan are anticipated to boost market growth during the forecast period.
The Latin American region is anticipated have tremendous potential due its growing population base suffering from chronic diseases such as diabetes & hypertension which require regular medical attention.
Growth Factors:
- Increasing incidence of chronic diseases: The global patient monitoring devices market is expected to grow at a CAGR of 7.5% during the forecast period due to the increasing incidence of chronic diseases such as diabetes, heart failure, and respiratory disorders.
- Growing demand for home-based patient monitoring devices: Home-based patient monitoring devices are witnessing high demand due to their ease of use and portability. This is expected to drive the growth of the global patient monitoring devices market during the forecast period.
- Technological advancements inpatient monitors: Patient monitors are becoming increasingly sophisticated with features such as bedside alarming, remote data management, and trend reporting capabilities that are helping healthcare providers manage patients effectively and improve outcomes. This is driving the growth ofthe globalpatientmonitoringdevicesmarketduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Patient Monitoring Devices Market Research Report
By Type
Hemodynamic Monitoring Devices, Blood Glucose Monitoring Devices, Electroencephalograph (EEG) Devices, Others
By Application
Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASC)
By Companies
Medtronic, Biotronik, Roche, GE Healthcare, Masimo, Nihon Kohden, Johnson & Johnson, Omron Healthcare, Abbott, Philips
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Patient Monitoring Devices Market Report Segments:
The global Patient Monitoring Devices market is segmented on the basis of:
Types
Hemodynamic Monitoring Devices, Blood Glucose Monitoring Devices, Electroencephalograph (EEG) Devices, 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
Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASC)
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
- Biotronik
- Roche
- GE Healthcare
- Masimo
- Nihon Kohden
- Johnson & Johnson
- Omron Healthcare
- Abbott
- Philips
Highlights of The Patient Monitoring Devices 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:
- Hemodynamic Monitoring Devices
- Blood Glucose Monitoring Devices
- Electroencephalograph (EEG) Devices
- Others
- By Application:
- Hospitals & Clinics
- Home Settings
- Ambulatory Surgical Centers (ASC)
- 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 Patient Monitoring Devices 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:
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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?
Patient monitoring devices are medical devices that are worn on the body of a patient to track vital signs, such as heart rate and blood pressure. These devices can also monitor other health indicators, such as oxygen levels or brain waves.
Some of the major companies in the patient monitoring devices market are Medtronic, Biotronik, Roche, GE Healthcare, Masimo, Nihon Kohden, Johnson & Johnson, Omron Healthcare, Abbott, Philips.
The patient monitoring devices 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 Patient Monitoring Devices 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 Patient Monitoring Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Patient Monitoring Devices 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 Patient Monitoring Devices 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 Patient Monitoring Devices Market Size & Forecast, 2018-2028
4.5.1 Patient Monitoring Devices Market Size and Y-o-Y Growth
4.5.2 Patient Monitoring Devices Market Absolute $ Opportunity
Chapter 5 Global Patient Monitoring Devices 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 Patient Monitoring Devices Market Size Forecast by Type
5.2.1 Hemodynamic Monitoring Devices
5.2.2 Blood Glucose Monitoring Devices
5.2.3 Electroencephalograph (EEG) Devices
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Patient Monitoring Devices 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 Patient Monitoring Devices Market Size Forecast by Applications
6.2.1 Hospitals & Clinics
6.2.2 Home Settings
6.2.3 Ambulatory Surgical Centers (ASC)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Patient Monitoring Devices 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 Patient Monitoring Devices 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 Patient Monitoring Devices Analysis and Forecast
9.1 Introduction
9.2 North America Patient Monitoring Devices 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 Patient Monitoring Devices Market Size Forecast by Type
9.6.1 Hemodynamic Monitoring Devices
9.6.2 Blood Glucose Monitoring Devices
9.6.3 Electroencephalograph (EEG) Devices
9.6.4 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 Patient Monitoring Devices Market Size Forecast by Applications
9.10.1 Hospitals & Clinics
9.10.2 Home Settings
9.10.3 Ambulatory Surgical Centers (ASC)
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 Patient Monitoring Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Patient Monitoring Devices 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 Patient Monitoring Devices Market Size Forecast by Type
10.6.1 Hemodynamic Monitoring Devices
10.6.2 Blood Glucose Monitoring Devices
10.6.3 Electroencephalograph (EEG) Devices
10.6.4 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 Patient Monitoring Devices Market Size Forecast by Applications
10.10.1 Hospitals & Clinics
10.10.2 Home Settings
10.10.3 Ambulatory Surgical Centers (ASC)
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 Patient Monitoring Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Patient Monitoring Devices 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 Patient Monitoring Devices Market Size Forecast by Type
11.6.1 Hemodynamic Monitoring Devices
11.6.2 Blood Glucose Monitoring Devices
11.6.3 Electroencephalograph (EEG) Devices
11.6.4 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 Patient Monitoring Devices Market Size Forecast by Applications
11.10.1 Hospitals & Clinics
11.10.2 Home Settings
11.10.3 Ambulatory Surgical Centers (ASC)
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 Patient Monitoring Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Patient Monitoring Devices 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 Patient Monitoring Devices Market Size Forecast by Type
12.6.1 Hemodynamic Monitoring Devices
12.6.2 Blood Glucose Monitoring Devices
12.6.3 Electroencephalograph (EEG) Devices
12.6.4 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 Patient Monitoring Devices Market Size Forecast by Applications
12.10.1 Hospitals & Clinics
12.10.2 Home Settings
12.10.3 Ambulatory Surgical Centers (ASC)
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) Patient Monitoring Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Patient Monitoring Devices 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) Patient Monitoring Devices Market Size Forecast by Type
13.6.1 Hemodynamic Monitoring Devices
13.6.2 Blood Glucose Monitoring Devices
13.6.3 Electroencephalograph (EEG) Devices
13.6.4 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) Patient Monitoring Devices Market Size Forecast by Applications
13.10.1 Hospitals & Clinics
13.10.2 Home Settings
13.10.3 Ambulatory Surgical Centers (ASC)
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 Patient Monitoring Devices Market: Competitive Dashboard
14.2 Global Patient Monitoring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Biotronik
14.3.3 Roche
14.3.4 GE Healthcare
14.3.5 Masimo
14.3.6 Nihon Kohden
14.3.7 Johnson & Johnson
14.3.8 Omron Healthcare
14.3.9 Abbott
14.3.10 Philips
