Patient Monitoring Devices Market 2019 Trend Analysis 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, and Others), by end user and Global Industry Forecast to 2022.
The global patient monitoring devices market Size is predicted to grow at a 5.7% CAGR To Reach the Global worth of 23.4 billion USD over the forecast period (2014-2022) stated By Market Research Future (MRFR).
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High cost, risks related to invasive monitoring devices, and issues associated to reimbursements and government regulations are factors that may hamper the patient monitoring devices market growth over the forecast period.
Various factors are propelling the patient monitoring devices market growth. These factors, as stated by the MRFR report, include increasing prevalence of various chronic and lifestyle diseases such as atherosclerosis, cancer, and diabetes, increasing adoption of remote patient monitoring devices, and rising geriatric population. Additional factors pushing market growth include constant technological advancements, easy accessibility of wireless monitoring devices, and its growing demand in non-hospital settings.
Top Key Players
Key players have used several strategies to strengthen their position in the market, such as acquisitions, mergers, expansions, and product innovations. Some of the Leading players profiled in the patient monitoring devices market report include –
- Shenzhen Mindray Bio-Medical Electronics Co.
- Honeywell International Inc.
- Spacelabs Healthcare
- CAS Medical Systems Inc.
- Philips Healthcare
- Siemens Healthcare
- Abbott Laboratories
- BIOTRONIK SE & Co. KG
- Roche Diagnostics
- GE Healthcare
- and Others.
Patient Monitoring Devices Market Segmentation
The Market Research Future report provides a wide segmental analysis of the patient monitoring devices market based on product type and end user.
Based on product type: temperature monitoring devices, weight management monitors, respiratory monitors, fetal and neonatal monitors, hemodynamic monitoring devices, electrocardiogram (ECG) devices, portable bedside monitors, and central monitoring stations.
In this Segments the ECG devices segment is predicted to have the largest share in the market over the forecast period. This is owing to its extensive application in CVD management, rising incidences of cardiovascular diseases, government initiatives, and the availability of technologically advanced devices.
Based on end user, the patient monitoring devices market is segmented into home care, ambulatory care centers, hospitals and clinics, and others.
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- Patient monitoring devices manufacturers
- Patient monitoring devices Suppliers
- Research and Development (R&D) Companies
- Independent Research Laboratories
- Market Research and Consulting Service Providers
- Medical Research Laboratories
Patient Monitoring Devices Market Regional Analysis
Based on the region, the patient monitoring devices market report covers the latest trends and growth opportunities across Asia Pacific (APAC), Europe, the Americas, and the Middle East and Africa. Of these, the Americas will dominate the market over the forecast period. This is owing to the rising geriatric population, rising need for portable and wireless systems, growing incidences of chronic diseases, and the presence of sophisticated reimbursement structure.
The patient monitoring devices market in Europe will have the second-largest share in the market over the forecast period. This is owing to the growing demand for streamlined and wireless operation in major homecare settings and health facilities.
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The patient monitoring devices market in the APAC region is predicted to have a promising growth during the forecast period. This is owing to the huge presence of untapped opportunities in China and India, constantly improving healthcare infrastructure, and rising medical tourism.
The patient monitoring devices market in the Middle East and Africa is predicted to have a limited yet steady growth over the forecast period.
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