Patient Monitoring Device Market – Global Industry Analysis and Forecast (2022-2029)

Patient Monitoring Device Market size was valued at US$ 33.57 Bn in 2021 and the total revenue is expected to grow at 8.6 % through 2022 to 2029, reaching nearly US$ 64.96 Bn in the forecast period.

Patient Monitoring Device Market Overview

A Patient monitoring device or system is a kind of monitoring machine with a wireless future. This system involves the monitoring of a patient’s important organs with the help of a digital device that allows the transfer of patients' information from one place to other wirelessly.Patient Monitoring Device MarketTo know about the Research Methodology :- Request Free Sample Report

Global Patient Monitoring Device Market Dynamics:

Patient monitoring devices are getting more attention in the market due to the growing demand for continue monitoring devices and the convenes due to no. technical expertise. As the devices are digital and allow the monitor to access the information easily. The device majorly used in the market are Accu-chek for glucometer tests, ECG, oxy-meter, temperature monitoring, blood pressure monitor, and smart implants. Due to growing chronic diseases like Obesity, Diabetes, Hypertension, Cardiovascular Diseases are further boosting the growth of the patient monitoring device market. In addition, the demand for a sensor-based wearable device like ECG and continuous glucose monitoring is further proliferating the growth of the market. These devices are widely used in hospitals and healthcare units for the continuous monitoring of patients. For example, the Garden Spot Communities launched a Somatic AI-Powered remote patient monitoring device to advance the consumes and offer caregiver safety during the COVID-19 pandemic. In addition, development in product portfolio and investments in technologies are likely to boost the market growth of the market. For example, Accu-check is an Indian-based company that launched their new product Active blood glucose meter for personalized diabetes coaching Accurate, no coding, easy. Further, this newly updated product has benefits like accuracy, ease to use, safe, smart, convenient testing. This factor is likely to boost the market growth of patient monitoring devices. The Approvals by the government authorities are further boosting the growth of the market like Abbott company received the authorization for clearance of the FreeStyle Libre 2 integrated Continues glucose monitoring device for the patient convenience for the patient suffering from diabetes. This device is responsible to measure the glucose level of the patient every minute.

Global Patient Monitoring Device Market Segment Analysis:

The Blood Glucose monitor segment is supplementing the growth of the Global Patient Monitoring Device Market. Diabetes is one of the most crucial lifestyle conditions and monitoring is a must hence it is responsible to create demand for blood glucose monitoring devices. The Blood Glucose monitor segment is likely to gain more attention in the market due to the high rate of diabetic patients. The growth of the market is attributed to the rising occurrence of diabetes patients and cardiac patients. Moreover, rising product launches and digital machines are likely to boost the market growth in the forecast period. Further, patient convenience is a major factor responsible to boost the growth of the market in the forecast period. Moreover, new product launches, and rising adoption blood glucose monitors device in developing countries is likely to boost the growth of the market. Further, the diabetes management market is likely to grow at a high pace and was valued at 17. 44 billion in 2021. As per the survey carried out by the Global Diabetes Community report around 30 million people in India are suffering from diabetes and India has been marked as one of the leading countries in terms of diabetes globally. Due to these factors market players are focusing on inventing products with new devices with advanced features. The top 5 glucometers in the market are- 1. Accu Chek Active Blood Glucose Meter Kit 2. Dr. Morepen Gluco One Glucometer 3. Bayer Contour Plus One Glucometer 4. Beato Smartphone Glucometer 5. OneTouch Select Simple Glucometer The Hospital segment is Trending in the Product Segment of the Global Patient Monitoring Device Market. Hospital Segment is dominating the global patient monitoring devices market with 69.4% in the forecast period. The growth in the region is attributed to the high consumption of patient monitoring devices by healthcare facilities. Moreover, high exposure to the patient and regular patient monitoring in hospitals is a factor likely to fuel the growth of the market. Further, growing healthcare facilities in the market together with advancement are the factors likely to proliferate the growth of the market during the forecast period. The home care setting segment is gaining significant attention in the market due to consumers' preferences and self-care treatment. Moreover, companies have offered a wide range of products with less professional expertise and involvement. And this factor is likely to boost the growth of the market in the coming future due to rising diseases and rapid testing.

Global Patient Monitoring Device Market Regional Insights:

The Patient Monitoring Device market is regionally segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is dominating the global Patient Monitoring Device market with 37.9% of the market share. The growth of North America is attributed to the rise in domestic manufactures like Masimo Corporation, GE Healthcare, Edward Lifesciences, and Natus Medical and is estimated to create awareness among the consumers regarding digital machines used for monitoring the organ actions. Around 34 million people in the US have diabetes and one in five of them don’t know they have it. More than 88 million US adults have prediabetes. Diabetes is the 7th leading disease-causing death in the US further gaining more attention in the market. Moreover, new development and technological investment by the market player is likely to fuel the market growth of the patient monitoring device market. Moreover, government approvals for market players are gaining more attraction and helping the new entities to enter the market. This factor is likely to enhance the growth of the market. For example, in 2021, Medtronic company revived the clearance of 510(K) from the Food and Drug Administration (FDA) and CE for the LINQ II insertable cardiac Monitors. LINQ II is a small wireless insertable cardiac monitor for those patients who require long-term monitoring. The Asia Pacific is estimated to grow at a rapid pace with a CAGR of 12.9% in the forecast period. Moreover, the growth in the region is attributed to rising diabetes and cardiac illness patients and this factor has further boosted the sales volume of patient monitoring devices in the Asia Pacific 2021 was valued at 49% 2021. The dominating countries of Asia Pacific are India and China, Japan, Indonesia due to the presence of prominent players of Patient Monitoring Device products are likely to drive the market growth in the region. The objective of the report is to present a comprehensive analysis of the Global Patient Monitoring Device Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Patient Monitoring Device Market dynamics, structure by analyzing the market segments and project the Global Patient Monitoring Device Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global Patient Monitoring Device Market make the report investor’s guide.

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Global Patient Monitoring Device Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 33.57 Bn.
Forecast Period 2022 to 2029 CAGR: 8.6% Market Size in 2029: US $ 64.96 Bn.
Segments Covered: by Product • EEG • MEG • TCD • Pulse Oximeter • Spirometer • Fetal Monitor • Temperature Monitoring • MCOT • ECG • ICP • ILRs • Blood Glucose Monitoring • Blood Pressure Monitor
by Application • Hospitals • ASCs • Home care setting • Other

Global Patient Monitoring Device Market, by Region

• North America o U.S. o Canada • Europe o Germany o U.K. o France o Spain o Italy o Netherlands • Asia Pacific o Japan o China o India o South Korea o Australia o Singapore • Latin America o Brazil • Middle East and Africa (MEA) o South Africa

Global Patient Monitoring Device Market Key Players

Abbott Laboratories (US) • HILL-ROM HOLDINGS, INC. (US) • Drägerwerk AG & Co. KGaA (Germany) • Edwards Lifesciences Corporation (US), • OMRON Corporation (Japan), • Masimo Corporation (US) • Compumedics Limited (Australia) • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China) • Nihon Kohden Corporation (Japan) • Natus Medical (US) • Medtronic plc (Ireland) • Koninklijke Philips N.V. (Netherlands) • GE Healthcare (US) • Getinge AB (Sweden) • Boston Scientific Corporation (US) • Dexcom, Inc. (US) • Nonin (US) • BIOTRONIK (Germany) • SCHILLER (Switzerland) • BioTelemetry, Inc. (US)

FAQs:

1. What is the global Patient Monitoring Device market share in 2021? Ans: Approximately, 33.57 Bn USD. 2. What is the global Patient Monitoring Device market growth? Ans: The global Patient Monitoring Device market is anticipated to grow with a CAGR of 8.6% in the forecast period and is likely to reach 64.96 Bn by the end of 2029. 3. Which product segment is expected to dominate the global Patient Monitoring Device market during the forecast period? Ans: The blood glucose monitoring segment dominated the market for Patient Monitoring Device. The growth of the market is attributed to the rising frequency of diabetes patients and cardiac patients. 4. Who are the key players in the Patient Monitoring Device market? Ans: Some key players operating in the Patient Monitoring Device market include Abbott Laboratories (US), HILL-ROM HOLDINGS, INC. (US), Drägerwerk AG & Co. KGaA (Germany), Edwards Lifesciences Corporation (US), OMRON Corporation (Japan), Masimo Corporation (US), Compumedics Limited (Australia) 5. What are the key driving factors for the growth of the global Patient Monitoring Device market? Ans: Key factors that are driving the Patient Monitoring Device market growth to involve Increasing applications of patient monitoring devices together with the occurrence of chronic disease due to an unhealthy lifestyle.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Application 2.3.2. Primary Research 2.3.2.1. Data from Primary Application 2.3.2.2. Breakdown of Primary Application 3. Executive Summary: Global Patient Monitoring Device Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Patient Monitoring Device Market 3.4. Geographical Snapshot of the Patient Monitoring Device Market, By Manufacturer share 4. Global Patient Monitoring Device Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Grades 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Patient Monitoring Device Market 5. Supply Side and Demand Side Indicators 6. Global Patient Monitoring Device Market Analysis and Forecast, 2021-2029 6.1. Global Patient Monitoring Device Market Size & Y-o-Y Growth Analysis. 7. Global Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.1.1. EEG 7.1.2. MEG 7.1.3. TCD 7.1.4. Pulse Oximeter 7.1.5. Spirometer 7.1.6. Fetal Monitor 7.1.7. Temperature Monitoring 7.1.8. MCOT 7.1.9. ECG 7.1.10. ICP 7.1.11. ILRs 7.1.12. Blood Glucose Monitoring 7.1.13. Blood Pressure Monitor 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Hospitals 7.2.2. ASCs 7.2.3. Home care setting 7.2.4. Other 8. Global Patient Monitoring Device Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.1.1. EEG 9.1.2. MEG 9.1.3. TCD 9.1.4. Pulse Oximeter 9.1.5. Spirometer 9.1.6. Fetal Monitor 9.1.7. Temperature Monitoring 9.1.8. MCOT 9.1.9. ECG 9.1.10. ICP 9.1.11. ILRs 9.1.12. Blood Glucose Monitoring 9.1.13. Blood Pressure Monitor 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Hospitals 9.2.2. ASCs 9.2.3. Home care setting 9.2.4. Other 10. North America Patient Monitoring Device Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Patient Monitoring Device Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Patient Monitoring Device Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Patient Monitoring Device Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Patient Monitoring Device Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Patient Monitoring Device Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product’s, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Patient Monitoring Device Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades, and R&D Investment 45.2.2. New Grade Launches and Grade Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Medtronic 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Grade Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Abbott Laboratories (US) 45.3.3. HILL-ROM HOLDINGS, INC. (US) 45.3.4. Drägerwerk AG & Co. KGaA (Germany) 45.3.5. Edwards Lifesciences Corporation (US), 45.3.6. OMRON Corporation (Japan), Masimo Corporation (US) 45.3.7. Compumedics Limited (Australia) 45.3.8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China) 45.3.9. Nihon Kohden Corporation (Japan) 45.3.10. Natus Medical (US) 45.3.11. Medtronic plc (Ireland) 45.3.12. Koninklijke Philips N.V. (Netherlands) 45.3.13. GE Healthcare (US) 45.3.14. Getinge AB (Sweden) 45.3.15. Boston Scientific Corporation (US) 45.3.16. Dexcom, Inc. (US) 45.3.17. Nonin (US) 45.3.18. BIOTRONIK (Germany) 45.3.19. SCHILLER (Switzerland) 45.3.20. BioTelemetry, Inc. (US) 47.Primary Key Insights

About This Report

Report ID 115462
Category Healthcare
Published Date Oct 2022
Updated Date
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