Global Patient Monitoring Devices Market Overview :
Global Patient Monitoring Devices market is estimated to reach $33.8 Billion by 2025; growing at a CAGR of 6.3% till 2025. Patient monitoring device helps to measure rhythm, heart rate, blood pressure, respiratory rate, and blood-oxygen saturation. Moreover, it gathers the medical data of individual patients and transfers it to clinical staff. It is used during surgeries to detect the patient’s condition. Technological advancement, such as remote patient monitoring helps to observe a patient’s condition without actually visiting the hospital for checkups. It reduces the possibilities of medical emergencies. Additionally, patient monitoring devices help medical practitioners for research & development of various diseases. It reduces the risk of cardiac attack, maintains diabetes, and prevent dementia.
Global Patient Monitoring Devices Market: Growth Factors
The escalation in the number of patients with chronic & lifestyle diseases such as diabetes and cancer is the major factor driving market growth. In addition to this, the rise in the elderly population is also fueling market growth. However, stringent government rules & regulations and high cost might hinder the market growth. Rising demand for monitoring devices in developing countries might generate opportunities in the near future.
Global Patient Monitoring Devices Market: Segmentation
The global Patient Monitoring Devices market is mainly classified based on the product. Based on product, the market is categorized as a hemodynamic, neuromonitoring, cardiac, fetal & neonatal, respiratory, multiparameter, remote patient, weight, and temperature monitoring devices.
Global Patient Monitoring Devices Market: Regional Analysis
Based on geography, the global Patient Monitoring Devices market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further categorized as U.S., Canada, and Mexico, where Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is divided into South America, the Middle East, and Africa
Global Patient Monitoring Devices Market: Competitive Players
Key players operating in the market include Biotronik SE & Co. KG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., General Electric Company, Koninklijke Philips N.V., Johnson & Johnson, Medtronic Plc., Masimo Corporation, Medtronic Plc., Omron Corporation, and Nihon Kohden Corporation.
Patient Monitoring Devices Market Key Segments:
- Fetal & Neonatal
- Remote Patient
- Temperature Monitoring Devices
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Biotronik SE & Co. KG
- Abbott Laboratories
- F. Hoffmann-La Roche Ltd.
- General Electric Company
- Koninklijke Philips N.V.
- Johnson & Johnson
- Medtronic Plc.
- Masimo Corporation
- Medtronic Plc.
- Omron Corporation
- Nihon Kohden Corporation
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market