Global Patient Monitoring Systems Market – Industry Trends - Forecast to 2026

  • Medical Devices
  • Upcoming Report
  • May 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Patient Monitoring Systems Market By Product (Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Multi-parameter Monitoring Devices, Fetal Monitoring Devices, Neonatal Monitoring Devices, Hemodynamic Monitoring Devices, Temperature Monitoring Devices, Weight Monitoring Devices), End-User (Hospitals, Clinics, Ambulatory Care, Home Cares), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Market Analysis: Global Patient Monitoring Systems Market

Patient monitoring systems continue their upward trend due to the rising preference of home cares, and remote monitoring. This trend will help establish the global patient monitoring system market with a substantial CAGR of 6.5% in the forecast period of 2019-2026 and is estimated to reach USD 30.62 billion by 2026.

Market Definition: Global Patient Monitoring Systems Market

Patient monitoring devices are the devices that are used to monitor or diagnose the patient’s conditions and symptoms. These devices help in monitoring patient’s status continuously.

The market has developed and advanced over the years and the patients can be monitored online and their reports are available remotely.

Market Drivers

  • These devices help steadily monitor the patients’ health and helps identify the severity of the disease
  • Growing preference given to home care is also driving this industry due to the demand for remote monitoring devices required for proper home care

 Market Restraints

  • High cost of this technology is one of the major factor currently hindering the market growth of the industry
  • With stringent government regulations regarding these devices are also one of the major factors halting the market growth

Segmentation: Global Patient Monitoring Systems Market

By Product

  • Cardiac Monitoring Devices

    • Electrocardiography (ECG) Devices
    • Implantable Loop Recorders
    • Cardiac Output Monitors
    • Event Monitors
    • Smart Wearable Electrocardiography (ECG) Monitors

  • Neuromonitoring Devices

    • Electroencephalography Machines
    • Electromyography Machines
    • Intracranial Pressure Monitors
    • Magnetoencephalography Machines
    • Transcranial Doppler Machines
    • Cerebral Oximeters

  • Respiratory Monitoring Devices

    • Pulse Oximeters
    • Capnographs
    • Spirometers
    • Peak Flow Meters

  • Multi-parameter Monitoring Devices

    • Low-acuity Monitors
    • Mid-acuity Monitors
    • High-acuity Monitors

  • Fetal Monitoring Devices
  • Neonatal Monitoring Devices
  • Hemodynamic Monitoring Devices

    • Disposables
    • Systems

  • Temperature Monitoring Devices

    • Digital
    • Infrared
    • Analog
    • Temperature Strips

  • Weight Monitoring Devices

    • Digital
    • Analog

By End-User

  • Hospitals
  • Clinics
  • Ambulatory Care
  • Home Care

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Thailand
    • Malaysia
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • Middle East & Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East & Africa

Key Developments in the Market:

  • In October 2017, Smiths Medical introduced three innovative new products such as the Invasive Blood Pressure Monitoring System, The aerFree Airway Management System, the CADD it mainly helps in meeting the challenging needs of critical patients
  • In November 2014, Intel-GE Care Innovation Launches New Solution to Connect Clinicians, Patients, and Family Caregivers in the Home, this platform helps in remote patient monitoring by providing intuitive and easy-to-use technology that enables, clinicians, patients, care providers, to collaborate for better care in the home. The main aims is to improve the patient’s health while also simplifying the life of a family caregiver, keeping the patient at home where they want to be most

Competitive Analysis: Global Patient Monitoring Systems Market

Global patient monitoring systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of patient monitoring systems market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Patient Monitoring Systems Market

Some of the major players operating in patient monitoring system market are BioTelemetry Inc., Onduo LLC., Medtronic, Compumedics Limited, Nihon Kohden Corporation, Natus Medical Incorporated, General Electric Company, Koninklijke Philips N.V., Abbott, F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, OMRON Corporation, Honeywell International Inc., Masimo, Johnson & Johnson Services Inc., Care Innovations LLC., Smiths Group plc, Drägerwerk AG & Co. KGaA, SunTech Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., CONTEC MEDICAL SYSTEMS CO. LTD. among others

Research Methodology: Global Patient Monitoring Systems Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

  • Current and future of global patient monitoring systems market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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