Global Patient Monitoring Devices Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Hemodynamic Monitoring Devices, Multiparameter Monitoring Devices, Remote Patient Monitoring Devices, Neuromonitoring Devices, Weight Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices, Cardiac Monitoring Devices, Fetal & Neonatal Monitoring Devices, Respiratory Monitoring Devices), And By Geography - Forecasts From 2021 To 2026
Published:  Jul 2021 Report Code: KSI061610461 Pages: 113

The global patient monitoring devices market is evaluated at US$19.197 billion for the year 2019 growing at a CAGR of 5.88% reaching the market size of US$28.630 billion by the year 2026.

Monitoring in medical usage is a term that refers to the inspection of a disease, condition on one or several medical parameters over time.  It is carried out by constantly measuring parameters by either employing a medical monitor such as continuously measuring vital signs by a bedside monitor or by repeatedly performing medical tests such as blood glucose monitoring with a glucose meter in people with diabetes mellitus. Patient equipment monitoring devices are manufactured by assembling sensors, a display device, translators, and communication links. Cardiac monitoring, Respiratory monitoring, Neurological monitoring, Childbirth monitoring are different types of healthcare parameters monitoring, boosting the demand for monitoring devices. The aging population globally, increasing occurrences of lifestyle diseases, and advancement in-home patient monitoring are some factors driving this market. However, saturation in developed countries and inefficient reimbursement regulations may impair market growth. Aging population and lifestyle diseases are driving the patient equipment monitoring market in the Americas and the European region while increasing disposable income and population growth in APAC will augment the demand for patient monitoring devices in the region over the next six years.

global patient monitoring devices market

The market has been significantly driven by the increasing health expenditures done by several governments to enhance the technological advancements in the sector.

global patient monitoring devices market

The advent of COVID-19 had a positive impact on the patient monitoring devices market.

The demand for patient monitoring devices increased during the pandemic due to increasing concerns about cardio-related impacts of the disease and the trend is expected to continue in the coming years.

global patient monitoring devices market

Global Patient Monitoring Devices Market Scope:

Report Metric Details
 Market size value in 2019  US$19.197 billion
 Market size value in 2026  US$28.630 billion
 Growth Rate  CAGR of 5.88% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  General Electric Company (GE Healthcare), Johnson & Johnson, Masimo Corporation,   Medtronic Care Management Services LLC, Omron Corporation, Koninklijke Philips   NV,  Siemens Healthcare GmbH, Abbott Laboratories, Baxter International Inc.
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Hemodynamic Monitoring Devices
    • Multiparameter Monitoring Devices
    • Remote Patient Monitoring Devices
    • Neuromonitoring Devices
    • Weight Monitoring Devices
    • Respiratory Monitoring Devices
    • Temperature Monitoring Devices
    • Cardiac Monitoring Devices
    • Fetal & Neonatal Monitoring Devices
    • Respiratory Monitoring Devices
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the patient monitoring devices market size by 2026?
A1. The global patient monitoring devices market is projected to reach a market size of US$28.630 billion in 2026.


Q2. What is the size of global patient monitoring devices market?
A2. Patient Monitoring Devices Market was valued at US$19.197 billion in 2019.


Q3. What are the growth prospects for the patient monitoring devices market?
A3. The patient monitoring devices market is projected to grow at a CAGR of 5.88% over the forecast period.


Q4. Which region holds the maximum market share of the patient monitoring devices market?
A4. Europe and North America are expected to hold a significant share of the patient monitoring devices market due to the Aging population and lifestyle diseases.


Q5. What factors are anticipated to drive the patient monitoring devices market growth?
A5. The aging population globally, increasing occurrences of lifestyle diseases, and advancement in-home patient monitoring are some factors driving the patient monitoring devices market.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. Patient Monitoring Devices Market Analysis, by Type    
5.1. Introduction
5.2. Hemodynamic Monitoring Devices
5.3. Multiparameter Monitoring Devices
5.4. Remote Patient Monitoring Devices
5.5. Neuromonitoring Devices
5.6. Weight Monitoring Devices
5.7. Respiratory Monitoring Devices
5.8. Temperature Monitoring Devices
5.9. Cardiac Monitoring Devices
5.10. Fetal & Neonatal Monitoring Devices
5.11. Respiratory Monitoring Devices


6. Patient Monitoring Devices Market Analysis, by Geography
6.1. Introduction
6.2. North America
6.2.1. USA
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Others
6.4. Europe
6.4.1. Germany
6.4.2. France
6.4.3. UK
6.4.4. Others
6.5. Middle East and Africa
6.5.1. Saudi Arabia
6.5.2. UAE
6.5.3. Others
6.6. Asia Pacific
6.6.1. China
6.6.2. India
6.6.3. Japan
6.6.4. South Korea
6.6.5. Taiwan
6.6.6. Thailand
6.6.7. Indonesia
6.6.8. Others


7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix


8. Company Profiles 
8.1. General Electric Company (GE Healthcare)
8.2. Johnson & Johnson
8.3. Masimo Corporation
8.4. Medtronic Care Management Services LLC
8.5. Omron Corporation
8.6. Koninklijke Philips NV
8.7. Siemens Healthcare GmbH
8.8. Abbott Laboratories
8.9. Baxter International Inc.

General Electric Company (GE Healthcare)

Johnson & Johnson

Masimo Corporation

Medtronic Care Management Services LLC

Omron Corporation

Koninklijke Philips NV

Siemens Healthcare GmbH

Abbott Laboratories

Baxter International Inc.

 

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