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Global Medical Devices Market with Focus on Patient Monitoring Devices Market: Size, Trends and Forecasts (2019-2023)

Global Medical Devices Market with Focus on Patient Monitoring Devices Market: Size, Trends and Forecasts (2019-2023)

Scope of the Report

The report titled “Global Medical Devices Market with Focus on Patient Monitoring Devices Market: Size, Trends and Forecasts (2019-2023)”, provides an in-depth analysis of the global medical devices market by value, by segments, by region, etc. and the global patient monitoring devices market by value, by product, by region, etc. The report also provides a regional analysis of the patient monitoring devices market, including the following regions: North America (the US & Canada), Europe, Asia pacific (China, India & Rest of Asia Pacific), Latin America (Brazil & Rest of Latin America) and Middle East and Africa.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall patient monitoring devices has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Patient monitoring devices is highly fragmented with many market players operating worldwide. Some patient monitoring devices market players operating on a local level while other players operating on a regional and global level. The manufacturers of patient monitoring devices produce different types of monitoring devices for different applications.

Further, key players of the market are Medtronic plc, General electric Company (GE Healthcare), Abbott Laboratories, and Koninklijke Philips N.V. (Philips Healthcare) are profiled with their financial information and respective business strategies.

Country Coverage

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Company Coverage

Medtronic plc
General Electric Company (GE Healthcare)
Abbott Laboratories
Koninklijke Philips N.V. (Philips Healthcare)

Executive Summary

A medical device refers to any instrument or machine, which is required to be used for the treatment, cure, prevention or diagnosis of different kinds of diseases. The main purpose of the medical devices is to help the healthcare professionals in improving the way they diagnose patients or to help patients overcome sickness or diseases.

Medical devices can be segmented on the basis of application, which include orthopedics, minimally invasive, cardiology, ophthalmology, wound care, patient monitoring, audiology, respiratory-anesthesia, uro-gynecology, neurology, aesthetics, robotics-navigation and others.

Patient monitoring devices are those devices that are used for monitoring patient’s conditions, such as blood pressure, heart rate, diabetes, respiratory rate, pulse, body temperature, oxygen saturation in human blood, etc. Nowadays, the two types of patient monitoring devices are commonly used, which are: Single Parameter Patient Monitoring Devices and Multi-Parameter Patient Monitoring Devices.

The patient monitoring devices market can be segmented on the basis of product (Vital Sign Monitors & Special Monitors); Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring and Other Applications) and End-user (Home Healthcare, Ambulatory Care Centers, Hospitals and Other End Users).

The global Patient monitoring devices market has increased at a significant CAGR during the years 2014-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The market is expected to increase due to growing geriatric population, rapid urbanization, growing incidence of chronic diseases, increasing healthcare spending, etc. Yet the market faces some challenges such as high cost involved, stringent government regulations, etc.


1. Executive Summary
2. Introduction
2.1 Medical Devices: An Overview
2.1.1 Purpose of Medical Devices
Table 1: Purpose of Medical Devices
2.2 Medical Devices Segmentation: An Overview
2.2.1 Medical Devices Segmentation by Application
Table 2: Medical Devices Segmentation by Application
2.3 Patient Monitoring Devices: An Overview
2.3.1 Types of Patient Monitoring Devices
Table 3: Types of Patient Monitoring Devices
2.4 Patient Monitoring Devices Segmentation: An Overview
2.4.1 Patient Monitoring Devices Segmentation by Product
Table 4: Patient Monitoring Devices Segmentation by Product
2.4.2 Patient Monitoring Devices Segmentation by Application
Table 5: Patient Monitoring Devices Segmentation by Application
2.4.3 Patient Monitoring Devices Segmentation by End-user
Table 6: Patient Monitoring Devices Segmentation by End-user
3. Global Market Analysis
3.1 Global Medical Devices Market: An Analysis
3.1.1 Global Medical Devices Market by Value
Table 7: Global Medical Devices Market by Value; 2016-2018 (US$ Billion)
Table 8: Global Medical Devices Market by Value; 2019-2023 (US$ Billion)
3.1.2 Global Medical Devices Market by Segments (Orthopedics, Minimally Invasive, Cardiology, Ophthalmology, Wound Care, Patient Monitoring, Audiology, Respiratory-Anesthesia, Uro-Gynecology, Neurology, Aesthetics, Robotics-Navigation and Others)
Table 9: Global Medical Devices Market by Segments; 2018 (Percentage, %)
3.1.3 Global Medical Devices Market by Region (Americas, Asia Pacific, Western Europe, Central/Eastern Europe and Middle East/Africa)
Table 10: Global Medical Devices Market by Region; 2016-2023 (US$ Billion)
3.2 Global Patient Monitoring Devices Market: An Analysis
3.2.1 Global Patient Monitoring Devices Market by Value
Table 11: Global Patient Monitoring Devices Market by Value; 2014-2018 (US$ Billion)
Table 12: Global Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
3.2.2 Global Patient Monitoring Devices Market by Product (Vital Sign Monitors and Special Monitors)
Table 13: Global Patient Monitoring Devices Market by Product; 2018 (Percentage, %)
3.2.3 Global Patient Monitoring Devices Market by Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Table 14: Global Patient Monitoring Devices Market by Region; 2018 (Percentage, %)
3.3 Global Patient Monitoring Devices Market: Product Analysis
3.3.1 Global Vital Sign Monitors Market by Value
Table 15: Global Vital Sign Monitors Market by Value; 2016-2018 (US$ Billion)
Table 16: Global Vital Sign Monitors Market by Value; 2019-2023 (US$ Billion)
3.3.2 Global Vital Sign Temperature Monitor Market by Value
Table 17: Global Vital Sign Temperature Monitor Market by Value; 2016-2018 (US$ Billion)
Table 18: Global Vital Sign Temperature Monitor Market by Value; 2019-2023 (US$ Billion)
3.3.3 Global Vital Sign Blood Pressure Monitor Market by Value
Table 19: Global Vital Sign Blood Pressure Monitor Market by Value; 2016-2018 (US$ Billion)
Table 20: Global Vital Sign Blood Pressure Monitor Market by Value; 2019-2023 (US$ Billion)
3.3.4 Global Vital Sign Pulse Oximeter Market by Value
Table 21: Global Vital Sign Pulse Oximeter Market by Value; 2016-2018 (US$ Billion)
Table 22: Global Vital Sign Pulse Oximeter Market by Value; 2019-2023 (US$ Billion)
3.3.5 Global Vital Sign Others Monitors Market by Value
Table 23: Global Vital Sign Others Monitors Market by Value; 2016-2018 (US$ Billion)
Table 24: Global Vital Sign Other Monitors Market by Value; 2019-2023 (US$ Billion)
3.3.6 Global Special Monitors Market by Value
Table 25: Global Special Monitors Market by Value; 2016-2018 (US$ Billion)
Table 26: Global Special Monitors Market by Value; 2019-2023 (US$ Billion)
4. Regional Market Analysis
4.1 North America Patient Monitoring Devices Market: An Analysis
4.1.1 North America Patient Monitoring Devices Market by Value
Table 27: North America Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 28: North America Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.1.2 North America patient Monitoring Devices Market by Region (The US and Canada)
Table 29: North America Patient Monitoring Devices Market by Region; 2018 (Percentage, %)
4.1.3 The US patient Monitoring Devices Market by Value
Table 30: The US Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 31: The US Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.1.4 The US patient Monitoring Devices Market by Type (Wireless and Wired)
Table 32: The US Patient Monitoring Devices Market by Type; 2018 (Percentage, %)
4.1.5 The US Wired & Wireless patient Monitoring Devices Market by Value
Table 33: The US Wired & Wireless Patient Monitoring Devices Market by Value; 2016-2023 (US$ Billion)
4.1.6 Canada Patient Monitoring Devices Market by Value
Table 34: Canada Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 35: Canada Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.2 Europe Patient Monitoring Devices Market: An Analysis
4.2.1 Europe patient Monitoring Devices Market by Value
Table 36: Europe Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 37: Europe Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.3 Asia Pacific Patient Monitoring Devices Market: An Analysis
4.3.1 Asia Pacific Patient Monitoring Devices Market by Value
Table 38: Asia Pacific Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 39: Asia Pacific Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.3.2 Asia Pacific Patient Monitoring Devices Market by Region (China, India and Rest of Asia Pacific)
Table 40: Asia Pacific Patient Monitoring Devices Market by Region; 2018 (Percentage, %)
4.3.3 China Patient Monitoring Devices Market by Value
Table 41: China Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 42: China Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.3.4 India Patient Monitoring Devices Market by Value
Table 43: India Patient Monitoring Devices Market by Value; 2016-2018 (US$ Million)
Table 44: India Patient Monitoring Devices Market by Value; 2019-2023 (US$ Million)
4.3.5 Rest of Asia pacific Patient Monitoring Devices Market by Value
Table 45: Rest of Asia pacific Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 46: Rest of Asia Pacific Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.4 Latin America Patient Monitoring Devices Market: An Analysis
4.4.1 Latin America patient Monitoring Devices Market by Value
Table 47: Latin America Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 48: Latin America Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.4.2 Latin America patient Monitoring Devices Market by Region (Brazil and Rest of Latin America)
Table 49: Latin America Patient Monitoring Devices Market by Region; 2018 (Percentage, %)
4.4.3 Brazil Patient Monitoring Devices Market by Value
Table 50: Brazil Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 51: Brazil Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.4.4 Rest of Latin America patient Monitoring Devices Market by Value
Table 52: Rest of Latin America Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 53: Rest of Latin America Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
4.5 Middle East and Africa Patient Monitoring Devices Market: An Analysis
4.5.1 Middle East and Africa patient Monitoring Devices Market by Value
Table 54: Middle East and Africa Patient Monitoring Devices Market by Value; 2016-2018 (US$ Billion)
Table 55: Middle East and Africa Patient Monitoring Devices Market by Value; 2019-2023 (US$ Billion)
5. Market Dynamics
5.1 Growth Driver
5.1.1 Growing Geriatric Population
Table 56: Global Aging Population by Region; 2010-2040 (Percentage, %)
5.1.2 Rising Affordability
Table 57: Global GDP in PPP Terms; 2000-2020 (US$ Trillion)
5.1.3 Rapid Urbanization
Table 58: Global Urbanization Rates by Region; 2010-2040 (Percentage, %)
5.1.4 Growing Incidence of Chronic Diseases
Table 59: The US Chronic Diseases Growth Rates; 2016-2025 (Percentage, %)
5.1.5 Increasing Healthcare Spending
Table 60: Global Healthcare Spending; 2017-2022 (US$ Billion)
5.1.6 Escalating Life Expectancy
Table 61: Global Life Expectancy; 2015-2040 (Years)
5.1.7 Surge in the Number of People with Diabetes
Table 62: Global Diabetic Population by Region; 2017 & 2045 (Million)
5.2 Challenges
5.2.1 High Cost Involved
5.2.2 Stringent Government Regulations
5.3 Market Trends
5.3.1 Integration of Internet of Things (IoT) Features into Medical Devices
Table 63: Global IoT Healthcare Market; 2017-2023 (US$ Billion)
5.3.2 Easy Availability of Wireless Patient Monitoring Devices
Table 64: Global Wireless Patient Monitoring Devices Market; 2017-2023 (US$ Million)
5.3.3 Growing Preference of Point-of-Care Diagnostics/Testing
Table 65: Global Point-of-Care Diagnostics/Testing Market; 2018-2024 (US$ Billion)
6. Competitive Landscape
6.1 Global Patient Monitoring Devices Market Players: A Financial Comparison
Table 66: Global Patient Monitoring Devices Market Players: A Financial Comparison; 2018
6.2 Global Patient Monitoring Devices Market Players by Research & Development (R&D) Expense Ratio
Table 67: Global Patient Monitoring Devices Market Players by Research & Development (R&D) Expense Ratio; 2018 (percentage, %)
7. Company Profiles
7.1 Medtronic plc
7.1.1 Business Overview
7.1.2 Financial Overview
Table 68: Medtronic plc Net Sales; 2014-2018 (US$ Billion)
Table 69: Medtronic plc Net Sales by Segments; 2018 (Percentage, %)
Table 70: Medtronic plc Net Sales by Region; 2018 (Percentage, %)
7.1.3 Business Strategy
7.2 General Electric Company (GE Healthcare)
7.2.1 Business Overview
7.2.2 Financial Overview
Table 71: General Electric Company Revenues; 2014-2018 (US$ Billion)
Table 72: General Electric Company Revenues by Segments; 2018 (Percentage, %)
Table 73: General Electric Company Revenues by Region; 2018 (Percentage, %)
7.2.3 Business Strategy
7.3 Abbott Laboratories
7.3.1 Business Overview
7.3.2 Financial Overview
Table 74: Abbott Laboratories Net Sales; 2014-2018 (US$ Billion)
Table 75: Abbott Laboratories Net Sales by Segments; 2018 (Percentage, %)
Table 76: Abbott Laboratories Net Sales by Region; 2018 (Percentage, %)
7.3.3 Business Strategy
7.4 Koninklijke Philips N.V. (Philips Healthcare)
7.4.1 Business Overview
7.4.2 Financial Overview
Table 77: Koninklijke Philips N.V. Sales; 2014-2018 (US$ Billion)
Table 78: Koninklijke Philips N.V. Sales by Segments; 2018 (Percentage, %)
Table 79: Koninklijke Philips N.V. Sales by Region; 2018 (Percentage, %)
7.4.3 Business Strategy

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