Market Overview:
The global patient monitor equipment and accessories market is expected to grow at a CAGR of 5.8% 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. Based on type, the global patient monitor equipment and accessories market is segmented into patient monitor equipment and patient monitor accessories. Thepatient monitor equipment segment is further sub-segmented into vital signs monitors, cardiac monitors, multi-parameter monitors, fetal Doppler systems, blood gas analyzers & co-oximeters; while thepatient monitor accessorysegment is further sub-segmented into electrodes & cables, sensors & transducersm probes & cannulasm adapters & connectorsm temperature probes m calibration kits m other Accessories). Based on region,.Latin America,.Europe,.Asia Pacificand Middle East Africa).
Product Definition:
A patient monitor is a piece of electronic equipment used to measure various physiological parameters of a patient, such as heart rate, blood pressure, and oxygen saturation. These devices often include features that allow the health care provider to record these measurements over time so that changes or trends can be monitored.
Patient Monitor Equipment:
Patient monitor equipment is a category of medical devices that are used to observe and track the vital signs of patients. The most common forms include bedside monitors, handheld monitors, and cart-based monitors. These devices help in maintaining the health & well-being of patients by providing them with critical information related to their health conditions.
Patient Monitor Accessories:
The global patient monitor accessories and it's usage in the patient monitor equipment and accessories market is expected to grow at a significant rate over the forecast period. The growth of this market can be attributed to factors such as increasing demand for home healthcare services, rising geriatric population, technological advancements in medical devices, growing awareness about health & fitness among people coupled with an increase in hospital readmissions.
Application Insights:
The household segment dominated the global market in 2017. The growing geriatric population and rising number of patients are the major factors driving this segment. Moreover, increasing awareness about advanced patient monitoring systems among consumers is expected to fuel demand over the forecast period.
Hospitality industry has been witnessing tremendous growth over recent years owing to increasing tourism and business travelers across the globe. Increasing investments by governments in infrastructure development for tourism have also played a key role in promoting travel and leisure activities, thereby fueling demand for patient monitor equipment and accessories at hotels, hospitals etc., especially for cardiac care facilities. This trend is expected to continue over next few years as more hospitals/clinics are investing in cardiac care units with state-of-the-art technology which requires advanced monitors such as ECG machines & Holter monitoring devices etc., thereby positively influencing market growth during 2018 - 2030 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 patient monitoring systems and an increasing demand for better healthcare services leading to better outcomes. Moreover, rising incidence of chronic diseases such as cancer and cardiac disorders is expected to drive growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to factors such as improving healthcare infrastructure coupled with growing medical tourism industry in emerging countries like India, China and Japan are expected boost demand for these products over next eight years.
Moreover, government initiatives encouraging private investment are also likely boost regional market expansion over next few years due to increase availability monitor system manufacturers who provide their services through distribution channels i.
Growth Factors:
- Increasing incidence of chronic diseases: The global patient monitor equipment and accessories market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing incidence of chronic diseases such as cancer, diabetes, and heart disease.
- Technological advancements: The development of new technologies in patient monitoring equipment and accessories is expected to drive the growth of this market during the forecast period. For instance, in 2017, Philips Healthcare announced the launch of its IntelliSpace Portal 8 software that helps clinicians improve care for patients with complex conditions by providing them with actionable insights from data collected from various sources such as medical images, vital signs monitors, electronic health records (EHRs), and other clinical systems.
- Growing demand for home healthcare: There is a growing demand for home healthcare services owing to factors such as rising awareness about preventive care; increase in geriatric population; technological advancements that have made it possible to provide quality care at home; and government initiatives towards promoting home healthcare services across developed countries such as the US and Canada. This is expected to drive growth in the patient monitor equipment and accessories market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Patient Monitor Equipment and Accessories Market Research Report
By Type
Patient Monitor Equipment, Patient Monitor Accessories
By Application
Household, Hospital, Clinic, Disease Center, Other
By Companies
3M Health Care, Abbott Laboratories, Aerotel Medical Systems, Bayer Healthcare, Beckman Coulter, Bio-Med Devices Incorporated, Biotronik, Boston Scientific Corporation, BPL Healthcare Business Group, Omron Corporation, Covidien, Datascope Corporation, Formosa Biomedical Technology Corporation, Fukuda Denshi, GE Healthcare, Genexel-Sein, Honeywell Hommed, Innomed Medical, Philips (Invivo Corporation), Lifescan Incorporated, Masimo Corporation, Midmark Corporation, Nihon Kohden Corporation, OSI Systems Incorporated, Philips Healthcare, Rossmax International, Schiller AG, Siemens Healthcare, Welch Allyn
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Patient Monitor Equipment and Accessories Market Report Segments:
The global Patient Monitor Equipment and Accessories market is segmented on the basis of:
Types
Patient Monitor Equipment, Patient Monitor Accessories
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
Household, Hospital, Clinic, Disease Center, 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:
- 3M Health Care
- Abbott Laboratories
- Aerotel Medical Systems
- Bayer Healthcare
- Beckman Coulter
- Bio-Med Devices Incorporated
- Biotronik
- Boston Scientific Corporation
- BPL Healthcare Business Group
- Omron Corporation
- Covidien
- Datascope Corporation
- Formosa Biomedical Technology Corporation
- Fukuda Denshi
- GE Healthcare
- Genexel-Sein
- Honeywell Hommed
- Innomed Medical
- Philips (Invivo Corporation)
- Lifescan Incorporated
- Masimo Corporation
- Midmark Corporation
- Nihon Kohden Corporation
- OSI Systems Incorporated
- Philips Healthcare
- Rossmax International
- Schiller AG
- Siemens Healthcare
- Welch Allyn
Highlights of The Patient Monitor Equipment and Accessories 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:
- Patient Monitor Equipment
- Patient Monitor Accessories
- By Application:
- Household
- Hospital
- Clinic
- Disease Center
- 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 Patient Monitor Equipment and Accessories 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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- 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?
Patient monitor equipment and accessories are devices that are used to track the health and well-being of patients. These devices can include heart monitors, oxygen meters, blood pressure cuffs, and other medical equipment.
Some of the major players in the patient monitor equipment and accessories market are 3M Health Care, Abbott Laboratories, Aerotel Medical Systems, Bayer Healthcare, Beckman Coulter, Bio-Med Devices Incorporated, Biotronik, Boston Scientific Corporation, BPL Healthcare Business Group, Omron Corporation, Covidien, Datascope Corporation, Formosa Biomedical Technology Corporation, Fukuda Denshi, GE Healthcare, Genexel-Sein, Honeywell Hommed, Innomed Medical, Philips (Invivo Corporation), Lifescan Incorporated, Masimo Corporation, Midmark Corporation, Nihon Kohden Corporation, OSI Systems Incorporated, Philips Healthcare, Rossmax International, Schiller AG, Siemens Healthcare, Welch Allyn.
The patient monitor equipment and accessories market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Patient Monitor Equipment and Accessories Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Patient Monitor Equipment and Accessories Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Patient Monitor Equipment and Accessories Market - Supply Chain
4.5. Global Patient Monitor Equipment and Accessories Market Forecast
4.5.1. Patient Monitor Equipment and Accessories Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Patient Monitor Equipment and Accessories Market Size (000 Units) and Y-o-Y Growth
4.5.3. Patient Monitor Equipment and Accessories Market Absolute $ Opportunity
5. Global Patient Monitor Equipment and Accessories Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Type
5.3.1. Patient Monitor Equipment
5.3.2. Patient Monitor Accessories
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Patient Monitor Equipment and Accessories Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Hospital
6.3.3. Clinic
6.3.4. Disease Center
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Patient Monitor Equipment and Accessories Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Patient Monitor Equipment and Accessories Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Patient Monitor Equipment and Accessories Demand Share Forecast, 2019-2026
9. North America Patient Monitor Equipment and Accessories Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Hospital
9.4.3. Clinic
9.4.4. Disease Center
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Type
9.7.1. Patient Monitor Equipment
9.7.2. Patient Monitor Accessories
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Patient Monitor Equipment and Accessories Demand Share Forecast, 2019-2026
10. Latin America Patient Monitor Equipment and Accessories Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Hospital
10.4.3. Clinic
10.4.4. Disease Center
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Type
10.7.1. Patient Monitor Equipment
10.7.2. Patient Monitor Accessories
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Patient Monitor Equipment and Accessories Demand Share Forecast, 2019-2026
11. Europe Patient Monitor Equipment and Accessories Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Hospital
11.4.3. Clinic
11.4.4. Disease Center
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Type
11.7.1. Patient Monitor Equipment
11.7.2. Patient Monitor Accessories
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Patient Monitor Equipment and Accessories Demand Share, 2019-2026
12. Asia Pacific Patient Monitor Equipment and Accessories Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Hospital
12.4.3. Clinic
12.4.4. Disease Center
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Type
12.7.1. Patient Monitor Equipment
12.7.2. Patient Monitor Accessories
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Patient Monitor Equipment and Accessories Demand Share, 2019-2026
13. Middle East & Africa Patient Monitor Equipment and Accessories Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Patient Monitor Equipment and Accessories Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Hospital
13.4.3. Clinic
13.4.4. Disease Center
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Patient Monitor Equipment and Accessories Market Size and Volume Forecast by Type
13.7.1. Patient Monitor Equipment
13.7.2. Patient Monitor Accessories
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Patient Monitor Equipment and Accessories Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Patient Monitor Equipment and Accessories Market: Market Share Analysis
14.2. Patient Monitor Equipment and Accessories Distributors and Customers
14.3. Patient Monitor Equipment and Accessories Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M Health Care
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Abbott Laboratories
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aerotel Medical Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bayer Healthcare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beckman Coulter
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bio-Med Devices Incorporated
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Biotronik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Boston Scientific Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BPL Healthcare Business Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Omron Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Covidien
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Datascope Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Formosa Biomedical Technology Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fukuda Denshi
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GE Healthcare
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Genexel-Sein
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Honeywell Hommed
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Innomed Medical
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Philips (Invivo Corporation)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Lifescan Incorporated
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook