Patient monitoring devices market information, by Product type (Central monitoring stations, Portable bedside monitors, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Fetal and neonatal monitors, Respiratory Monitors, Weight management monitors, Temperature monitoring devices) - Forecast to 2027
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Patient Monitoring Devices Market – Segments
MRFR has segmented the analysis into three key dynamics; for better understanding: –
By Product type : Central monitoring stations, Portable bedside monitors, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Fetal and Neonatal Monitors, Respiratory Monitors, Weight Management Monitors, and Temperature Monitoring Devices, among others.
By End-users : Hospitals and clinics, Ambulatory care centers, and Homecare among others.
By Regions : North America, Europe, APAC and Rest-of-the-World.
Fervent players driving the market for the patient monitoring devices include Roche Diagnostics, GE Healthcare, BIOTRONIK SE & Co. KG, Siemens Healthcare, Abbott Laboratories, Philips Healthcare, Spacelabs Healthcare, CAS Medical Systems, Inc., Honeywell International, Inc., and Shenzhen Mindray Bio-Medical Electronics Co.
The North American region is estimated to lead the global patient monitoring devices market with a significant market share. Factors such as the growing prevalence of chronic diseases, patients suffering from different lifestyle diseases, and the increase in the geriatric population are contributing to the growth of the regional market. Huge uptake of continuous monitoring technology alongside the rise in the adoption rate of remote patient monitoring devices is fostering the market growth in the region.
The European region is another lucrative market for patient monitoring devices. Augmenting demand to move to a more wireless and streamlined operation in major health facilities as well as in the homecare settings is predominantly driving the market growth.
Tremendous advancements in medical technologies is a key driving force pushing up the regional market. Countries such as Germany and the U.K. backed by their well-developed medical devices markets which are led by enormous investments account for the major contributors to the growth in the regional market.
The Asia Pacific region is rapidly emerging as a promising market for patient monitoring devices due to the technological growth in India and China. AI-based remote patient monitoring solutions have become a trend in India, changing the dynamics of healthcare. Foreign investors are getting attracted to India, investing rapidly with aggressive plans of leading Indian healthcare into the digital age. They are designing remote patient monitoring solutions that can provide high resolution, ICU-grade monitoring to all areas of the hospital, throughout the patient care pathway.
Patient Monitoring Devices Market – Competitive Landscape
The highly competitive market appears to be diversified with the presence of giant manufacturers of the device, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies, and product Launch to gain a competitive edge in the market.
November 14, 2018 — ivWatch LLC (US), a leading global provider of continuous patient monitoring devices announced the partnership with New Medical (Australia), a supplier of medical consumables, devices, and patient monitoring accessories in Australia and New Zealand to manage distribution to support market expansion outside of the United States.
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