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Patient Monitoring Devices Market Report and Forecast 2023-2031

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    Report

  • 147 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5786908

The value of the global patient monitoring devices market was USD 40.60 billion in 2022, driven by the prevalence of chronic diseases, rising geriatric population, and technological advancements in monitoring devices across the globe. The market is expected to grow at a CAGR of 7.7% during the forecast period of 2023-2031 to reach value of USD 79.20 billion by 2031.

 

Patient Monitoring Devices: Introduction

Patient monitoring devices refer to the equipment used to monitor and record various vital signs and health parameters of patients in hospitals, clinics, and other healthcare facilities. These devices help healthcare professionals to continuously monitor patients' health and respond quickly to any changes or abnormalities.

Patient monitoring devices can be used to measure a wide range of parameters, including blood pressure, heart rate, respiratory rate, oxygen saturation, temperature, and more. Some patient monitoring devices can also monitor brain activity, kidney function, and other specific parameters.

The data collected from patient monitoring devices can be used to diagnose conditions, track the progress of treatment, and make informed decisions about patient care. With the advent of advanced technology and the Internet of Things (IoT), patient monitoring devices are becoming increasingly connected, allowing for real-time monitoring and analysis of patient data.

Patient Monitoring Devices Application and Uses
Patient monitoring devices are used to monitor the vital signs of patients, such as heart rate, blood pressure, respiratory rate, and oxygen saturation, among others. These devices are used in various healthcare settings, including hospitals, clinics, and home care settings, to continuously monitor the health status of patients and detect any changes or abnormalities that may require medical attention.

Some common types of patient monitoring devices include:

  • Blood pressure monitors: These devices measure the pressure of blood in the arteries and are used to detect hypertension, hypotension, and other cardiovascular conditions
  • Electrocardiogram (ECG) monitors: These devices record the electrical activity of the heart and are used to detect abnormal heart rhythms and other cardiac conditions
  • Pulse oximeters: These devices measure the oxygen saturation levels in the blood and are used to detect hypoxemia (low oxygen levels) and other respiratory conditions
  • Respiratory monitors: These devices monitor the respiratory rate and pattern of patients and are used to detect breathing difficulties and other respiratory conditions
  • Temperature monitors: These devices measure the body temperature of patients and are used to detect fever and other temperature-related conditions

The global patient monitoring devices market is driven by factors such as the increasing prevalence of chronic diseases, the growing geriatric population, and the rising demand for remote patient monitoring solutions. The market is also fuelled by the increasing adoption of wearable and wireless patient monitoring devices, advancements in technology, and the growing demand for home healthcare services. However, factors such as the high cost of advanced patient monitoring devices and the shortage of healthcare professionals may hinder market growth to some extent.

Global Patient Monitoring Devices Market Segmentations

Market Breakup by Devices Type

  • Haemodynamic Monitoring Devices
  • Neuro-monitoring Devices
  • Cardiac Monitoring Devices
  • Multi-parameter Monitors
  • Respiratory Monitoring Devices
  • Remote Patient Monitoring Devices
  • Others

Market Breakup by Application

  • Cardiology
  • Neurology
  • Respiratory
  • Fatal and Neonatal
  • Weight Management and Fitness Monitoring
  • Others

Market Breakup by End User

  • Hospitals and Clinics
  • Ambulatory Surgery Centers
  • Home Healthcare
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Global Patient Monitoring Devices Market Scenario

The global patient monitoring devices market is expected to grow significantly in the coming years. The increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in monitoring devices are some of the major factors driving the growth of the market. Additionally, the COVID-19 pandemic has also led to a surge in demand for patient monitoring devices in hospitals and clinics globally, which is expected to further propel market growth.

However, high costs associated with patient monitoring devices and the shortage of skilled professionals to operate them may hinder the growth of the market to some extent. The increasing demand for home-based monitoring devices and the growing adoption of wireless and portable devices are expected to provide lucrative opportunities for market growth in the future.

Key Players in the Global Patient Monitoring Devices Market

The report gives an in-depth analysis of the key players involved in the global patient monitoring devices market. The companies included in the market are as follows:

  • Abbott Laboratories
  • Boston Scientific Corporation
  • Becton, Dickinson and Company
  • General Electric Company (GE Healthcare)
  • Siemens Healthcare GmbH
  • NIHON KOHDEN CORPORATION
  • Koninklijke Philips N.V
  • F. Hoffmann-La Roche Ltd
  • Honeywell International Inc
  • Masimo
  • OMRON Corporation


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Patient Monitoring Devices Market Overview
3.1 Global Patient Monitoring Devices Market Historical Value (2016-2022)
3.2 Global Patient Monitoring Devices Market Forecast Value (2023-2031)
4 Global Patient Monitoring Devices Market Landscape
4.1 Global Patient Monitoring Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Patient Monitoring Devices Product Landscape
4.2.1 Analysis by Device Type
4.2.2 Analysis by Application
4.2.3 Analysis by End User
5 Global Patient Monitoring Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Patient Monitoring Devices Market Segmentation
6.1 Global Patient Monitoring Devices Market by Devices Type
6.1.1 Market Overview
6.1.2 Haemodynamic Monitoring Devices
6.1.3 Neuro-monitoring Devices
6.1.4 Cardiac Monitoring Devices
6.1.5 Multi-parameter Monitors
6.1.6 Respiratory Monitoring Devices
6.1.7 Remote Patient Monitoring Devices
6.1.8 Others
6.2 Global Patient Monitoring Devices Market by Application
6.2.1 Market Overview
6.2.2 Cardiology
6.2.3 Neurology
6.2.4 Respiratory
6.2.5 Fatal and Neonatal
6.2.6 Weight Management and Fitness Monitoring
6.2.7 Others
6.3 Global Patient Monitoring Devices Market by End User
6.3.1 Market Overview
6.3.2 Hospitals & Clinics
6.3.3 Ambulatory Surgery Centers
6.3.4 Home Healthcare
6.3.5 Others
6.4 Global Patient Monitoring Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Patient Monitoring Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Patient Monitoring Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Patient Monitoring Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Patient Monitoring Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Patient Monitoring Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Abbott Laboratories
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Boston Scientific Corporation
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Becton, Dickinson and Company
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 General Electric Company (GE Healthcare)
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Siemens Healthcare GmbH
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 NIHON KOHDEN CORPORATION
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Koninklijke Philips N.V.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 F. Hoffmann-La Roche Ltd
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Honeywell International Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Masimo
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 OMRON Corporation
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Patient Monitoring Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Abbott Laboratories
  • Boston Scientific Corporation
  • Becton, Dickinson and Company
  • General Electric Company (Ge Healthcare)
  • Siemens Healthcare GmbH
  • Nihon Kohden Corporation
  • Koninklijke Philips N.V.
  • F. Hoffmann-La Roche Ltd
  • Honeywell International Inc.
  • Masimo
  • Omron Corporation

Methodology

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Table Information