Global Patient Monitoring Devices Market By Product (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices, Hemodynamic/Pressure Monitoring Devices, Fetal & Neonatal Monitoring Devices, Neuromonitoring Devices, Weight Monitoring Devices, Other Patient Monitoring Devices), End-User (Hospitals, Ambulatory Surgery Centers, Home Care Settings, Other End Users), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The patient monitoring systems market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 32.2% in the forecast period of 2021 to 2028. The growing attention concerning fitness and healthy lifestyle amongst customers will help in escalating the growth of the patient monitoring systems market.
Patient monitoring systems are utilized to measure, record, distribute and display the combinations of biometric values for example the heart rate, blood oxygen saturation levels (SPO2), blood pressure, and temperature.
Factors such as the technical developments in the patient monitoring devices, user-centric design for the wearable devices, the non-invasive hemodynamic monitoring, the digital sensors, mobile-grade EEG devices, the growing of the incidences of the chronic diseases, the accessibility of the wireless monitoring devices, the increasing preference for the wearable patient monitoring devices, biosensors, and the smart implants between the healthcare payers, the rising investments, funds, and grants are expected to boost the growth of the patient monitoring systems market in the forecast period. However, the risks related to the invasive monitoring devices, the high expenditure of the patient monitoring products and the insufficient repayment are the factors anticipated to most likely impede the growth of the patient monitoring systems market in the coming years. Additionally, the growing need for the non-invasive and minimally invasive devices and the rising demand for the patient monitoring devices in the non-hospital settings are to extend profitable opportunities for the growth of the patient monitoring systems market throughout the forecast period. Despite that, the absence of the trained healthcare specialists and the growing evaluating pressure on the market players might further challenge the growth of the patient monitoring systems market in the near future.
This patient monitoring systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on patient monitoring systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Patient Monitoring Systems Market Scope and Market Size
The patient monitoring systems market is segmented on the basis of product and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product, the patient monitoring systems market is segmented into blood glucose monitoring systems, cardiac monitoring devices, multi-parameter monitoring devices, respiratory monitoring devices, temperature monitoring devices, hemodynamic or pressure monitoring devices, fetal and neonatal monitoring devices, neuromonitoring devices, weight monitoring devices, other patient monitoring devices. Blood glucose monitoring systems is sub segmented into self-monitoring blood glucose systems and continuous glucose monitoring systems. Cardiac monitoring devices is sub segmented into ECG devices, implantable loop recorders event monitors, mobile cardiac telemetry monitors and smart or wearable ECG monitors.
- Multi-parameter monitoring devices is sub segmented into low-acuity monitoring devices, mid-acuity monitoring devices, high-acuity monitoring devices. Respiratory is sub segmented into pulse oximeters, spirometers, capnographs, and peak flow meters. Temperature monitoring devices is sub segmented into handheld temperature monitoring devices, table-top temperature monitoring devices, wearable continuous monitoring devices, invasive temperature monitoring devices smart temperature monitoring devices. Hemodynamic or pressure ECG devices is sub segmented into hemodynamic monitors, blood pressure monitors, disposables.
- Fetal and neonatal monitoring devices fetal monitoring devices and neonatal monitoring devices. Neuromonitoring devices electroencephalograph machines, electromyography machines, cerebral oximeters, intracranial pressure monitors, magnetoencephalograph machines, transcranial Doppler machines. Weight monitoring devices is sub segmented into digital and analog.
- Based on the end user, the patient monitoring systems market is segmented into hospitals, ambulatory surgery centres, home care settings, other end users.
Patient Monitoring Systems Market Country Level Analysis
The patient monitoring systems market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the patient monitoring systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the patient monitoring systems market because of the progressive healthcare infrastructure. Furthermore, the encouraging government attempts, favourable repayment guidelines, and the increasing elderly population which will further boost the growth of the patient monitoring systems market in the region during the forecast period. Asia Pacific is projected to observe significant amount of the growth in the patient monitoring systems market because of the increasing of the purchasing power.
Moreover, the alertness level, and the growing of the incidences of the chronic conditions. Additionally, the refining healthcare infrastructure with the help of the government initiatives is helping the utilization of the progressive digital patient monitoring devices which is expected to further propel the growth of the patient monitoring systems market in the region in the coming years.
The country section of the patient monitoring systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The patient monitoring systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare analytical testing services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the patient monitoring systems market. The data is available for historic period 2010-2019.
Competitive Landscape and Patient Monitoring Systems Market Share Analysis
The patient monitoring systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to patient monitoring systems market.
The major players covered in the patient monitoring systems market report 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, OMRON Corporation, Honeywell International Inc., Masimo., Johnson & Johnson Private Limited, 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., Hill-Rom Services Inc., Edwards Lifesciences Corporation, Getinge AB., Boston Scientific Corporation, SCHILLER, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Patient Monitoring Systems Market
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