Global Physiological Monitors Market By Product (Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Fetal and Neonatal Monitoring Devices, Respiratory Monitoring Devices, Multiparameter Monitoring Devices, Remote Patient Monitoring Devices, Weight Monitoring Devices, Temperature Monitoring Devices, Urine Output Monitoring Devices, Others), Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, Other), End User (Hospitals and Clinics, Home Settings, Ambulatory Surgical Centers (ASC), Others) – Industry Trends and Forecast to 2030.
Physiological Monitors Market Analysis and Size
American diabetes association, diabetes, cancer, and cardiovascular disease account for around two-thirds of all fatalities in the country and cost the economy $700 billion annually in direct and indirect expenditures. Additionally, the combination of physiological monitors and internet of things (IoT) devices gives users access to accurate data for geospatial data analysis. For instance, geographical data can be used to monitor an IoT-enabled valve from any location in the world
Data Bridge Market Research analyses that the global physiological monitors market which was USD 81,030 million in 2022, is expected to reach USD 185,560 million by 2030, and is expected to undergo a CAGR of 20.8% during the forecast period 2023-2030. This indicates the market value. “Hemodynamic Monitoring devices” dominates the type segment of the global physiological monitors market due to their sports and fitness segment is expected to dominate the market as due to continuous increasing adoption of wearable electronic devices for sports and fitness in the order to enhanced sports, fitness, and well-being by monitoring physiological conditions of wearers. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also in depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Physiological Monitors Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customisable to 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Product (Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Fetal and Neonatal Monitoring Devices, Respiratory Monitoring Devices, Multiparameter Monitoring Devices, Remote Patient Monitoring Devices, Weight Monitoring Devices, Temperature Monitoring Devices, Urine Output Monitoring Devices, Others), Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring, Other), End User (Hospitals and Clinics, Home Settings, Ambulatory Surgical Centers (ASC), Others |
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Countries Covered |
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 |
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Market Players Covered |
Honeywell International Inc. (U.S.), A&D Company Limited (Japan), Panasonic Holdings Corporation (Japan), Boston Scientific Corporation (U.S.), BD (U.S.), Abbott (U.S.), Medtronic (Ireland), General Electric (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (U.S.), Natus Medical Incorporated (U.S), NIHON KOHDEN CORPORATION (Japan), Nonin (U.S.), OMRON Healthcare Co., Ltd.(U.S.), Koninklijke Philips N.V (Netherlands), F.Hoffmann-La Roche Ltd. (Switzerland) |
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Market Opportunities |
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Market Definition
Physiological monitoring is the direct measure of the status of an athlete, usually a one-body system or a combined set of systems. Since most monitoring devices are passive and don't require any kind of physical examination to collect data, they are very common in professional sports. Most testing should be done in the morning to minimize interference from contextual variables including external stress and diet. However, some measurements are best performed after training or with submaximal efforts (such as caffeine and other stimulants).
Global Physiological Monitors Market Dynamics
Drivers
- Rise in Prevalence of Lifestyle Diseases
According to the American diabetes association, diabetes, cancer, and cardiovascular disease account for around two-thirds of all fatalities in the country and cost the economy $700 billion annually in direct and indirect expenditures. These illnesses have a negative impact on health, reduce life expectancy, result in severe suffering and incapacity, and have a significant financial impact.
- Rise in Use of Monitors
The prevalence of configured as well as modular monitors, the rising use of monitors to display information, and the prevalence of necessary data are some of the factors that will likely boost the growth of the global physiological monitors market in the forecast period 2023-2030.
Opportunities
- Increase in Geriatric Population
According to the WHO, the speed of population ageing around the world is growing rapidly. France had almost 150 years to adapt to a change from 10% to 20% in the proportion of the population that was older than 60 years. Likewise, countries such as Brazil, China and India will have more than 20 years to make the same adaptation.
- Integration of Internet of Things (IoT)
Additionally, the integration of internet of things (IoT) with physiological monitors also further offer numerous growth opportunities within the market. Real-time location data are being produced as a result of the internet of things (IoT) platforms' increasing use in business operations to provide customers with highly relevant and location-specific services. Additionally, the combination of physiological monitors and internet of things (IoT) devices gives users access to accurate data for geospatial data analysis. For instance, geographical data can be used to monitor an IoT-enabled valve from any location in the world
Restraint/Challenge
- High Cost
On the other hand, the high cost associated with monitors will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the market.
Recent Development
- In January 21, 2021, Boston Scientific (NYSE: BSX) revealed that it had reached a definitive agreement to acquire Preventice Solutions, Inc., a privately held business that provides a full range of mobile cardiac health solutions and services, from ambulatory cardiac monitors to mobile cardiac rehabilitation
Global Physiological Monitors Scope
The global physiological monitors market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Hemodynamic Monitoring Devices
- Neuromonitoring Devices
- Cardiac Monitoring Devices
- Fetal and Neonatal Monitoring Devices
- Respiratory Monitoring Devices
- Multiparameter Monitoring Devices
- Remote Patient Monitoring Devices
- Weight Monitoring Devices
- Temperature Monitoring Devices
- Urine Output Monitoring Devices
- Others
Application
- Cardiology
- Neurology
- Respiratory
- Fetal and Neonatal
- Weight Management and Fitness Monitoring
- Other
End-user
- Hospitals and Clinics
- Home Settings
- Ambulatory Surgical Centers (ASC)
- Others
Global Physiological Monitors Market Regional Analysis/Insights
The global physiological monitors market is segmented on the basis of product, application and end-user as referenced above.
The countries covered in the global physiological monitors market report are 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, Israel, Egypt, South Africa, 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 global physiological monitors market due to the lifestyle changes in the region, increase in the aging population and need to reduce the healthcare expenditure.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the prevalence and incidence of colorectal cancer is increasing in the region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 global physiological monitors market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for global physiological monitors market, the impact of technology using life line curves, and changes in healthcare regulatory scenarios and their impact on the global physiological monitors market. The data is available for the historic period 20105-2020.
Competitive Landscape and Global Physiological Monitors Market Share Analysis
The global physiological monitors 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, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to global physiological monitors market.
Some of the major players operating in the global physiological monitors market are:
- Honeywell International Inc. (U.S.)
- A&D Company Limited (Japan)
- Panasonic Holdings Corporation (Japan)
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- Abbott (U.S.)
- Medtronic (Ireland)
- General Electric (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (U.S.)
- Natus Medical Incorporated (U.S.)
- NIHON KOHDEN CORPORATION (Japan)
- Nonin (U.S.)
- OMRON Healthcare Co., Ltd.(U.S.)
- Koninklijke Philips N.V (Netherlands)
- F.Hoffmann-La Roche Ltd (Switzerland)
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