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Patient Monitoring Device/System/Equipment Market Forecast to 2025: Koninklijke Philips N.V., Abbott, F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, OMRON Corporation

Global Patient Monitoring Device/System/Equipment 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 2025

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Patient Monitoring devices continue their upward trend due to the rising preference of home cares, and remote monitoring. This trend will help establish the global patient monitoring device/system/equipment market with a CAGR of 6.5% in the forecast period of 2018-2025, where it will rise from its initial estimated value of USD 17.37 billion in 2017 to USD 28.74 billion in 2025.

Key Market Competitors: Global Patient Monitoring Device/System/Equipment Market

  • BioTelemetry Inc.,
  • Onduo LLC.,
  • Medtronic,
  • Compumedics Limited,
  • NIHON KOHDEN CORPORATION,
  • Natus Medical Incorporated,
  • GENERAL ELECTRIC COMPANY,
  • Koninklijke Philips N.V.,
  • Abbott,
  • 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.

Market Definition: Global Patient Monitoring Device/System/Equipment Market

Patient monitoring device/system/equipment are those devices that are used to monitor or diagnose the patient’s conditions and symptoms wirelessly or wired. These devices help monitor the condition remotely and help in keeping the patients status monitored continuously.

These devices are a crucial part of healthcare infrastructure as they help monitor the patients’ status and measure the conditions severity.

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

Asia-Pacific region is set to witness the highest growth rate of all the regions in the forecast period, whereas North America holds the highest market share.

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 is also one of the major factors halting the market growth

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Segmentation: Global Patient Monitoring Device/System/Equipment 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
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Key Developments in the Market:

  • In November, 2017 Telcare LLC. a division of BioTelemetry Inc. announced that it entered into a strategic collaboration with Onduo LLC. The agreement states that Telcare LLC. will serve as a supplier of remote blood glucose measurement systems for Onduo’s diabetes programs.
  • In July, 2017 BioTelemetry Inc. acquired LifeWatch which will help BioTelemetry Inc. enhance its position in remote cardiac monitoring and diagnosis market.

Competitive Analysis: Global Patient Monitoring Device/System/Equipment Market

The global patient monitoring device/system/equipment 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 Device/System/Equipment Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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