Patient Monitoring Devices Market

Patient monitoring devices are devices that are used to collect and display physiological data. These devices are used to monitor various types of data, such as cardiac, respiratory, and others. Common types of cardiac monitoring systems include Holter Monitor, event recorders, mobile cardiac telemetry, and insertable cardiac monitors. Patient monitoring devices support patient monitoring of vital signs (heart rate, blood pressure, and others) without visiting a medical practitioner. These devices are used to monitor patients, gather medical data, and securely pass the data to healthcare providers at other locations for clinical review. The patient monitoring devices helps to control patient healthcare expenditure by reducing hospital stays, encouraging patients to shift to self-care, and avoiding hospital readmissions, with reliable diagnoses. These patient monitoring devices allow real-time sharing that allows physicians to take vital decisions to ensure efficient treatment for various physiological parameters. These devices also increase patient engagement and allow patients to manage and understand their own health conditions.

Market Dynamics

Increase in government and non-government organizations initiatives, such as spreading awareness regarding remote patient monitoring. In addition, the rising prevalence of various types of chronic diseases is expected to drive market growth. Moreover, increasing use of technologically advanced medical devices that are incorporated with health information technology (Health IT), such as electronic health record (EHR), is expected to drive market growth for the forecast period. For instance, technologically advanced medical devices incorporated with healthcare IT solutions provide various advantages, such as real-time patient monitoring, remote patient monitoring, and others. Thus, pertaining to such advantages, the market is expected to show significant growth.

Key features of the study:

• This report provides in-depth analysis of the global patient monitoring devices market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global patient monitoring devices market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 3M, Boston Scientific Corporation, Covidien, Drägerwerk AG and Co. KGaA, GE Healthcare, Medtronic Plc, Mindray Medical, Omron, Nihon Kohden Corporation, Biotricity Inc., Natus Medical Incorporated., Koninklijke Philips N.V., DexCom, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global patient monitoring devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global patient monitoring devices market

Detailed Segmentation:

• Global Patient Monitoring Devices Market, By Device Type:
  • Respiratory and Anesthesia Monitors
  • Neuro Monitoring Devices
  • Hemodynamic Monitor
  • Fetal and Neonatal Monitors
  • Cardiac Monitors
  • Multi- Parameter Monitors
  • Others (Temperature and Weight Monitors, etc.)
• Global Patient Monitoring Devices Market, By End User:
  • Home healthcare
  • Hospitals
  • Others (Outpatient Facilities, Research and Diagnostic Centers, etc.)
• Global Patient Monitoring Devices Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    
    • South Africa
    • Central Africa
    • North Africa
• Company Profiles
  • 3M
  • Boston Scientific Corporation
  • Covidien
  • Drägerwerk AG and Co. KGaA
  • GE Healthcare
  • Medtronic Plc
  • Mindray Medical
  • Omron
  • Nihon Kohden Corporation
  • Biotricity Inc.
  • Natus Medical Incorporated.
  • Koninklijke Philips N.V.
  • DexCom, Inc.