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Global Patient Monitoring Equipment Market 2017-2021

About Patient Monitoring Equipment

Patient monitoring equipment with specialized versions are used to monitor physiological signs. These devices are either used as bed-side monitors or as remote patient monitors. Remote patient monitoring is one of the key factors for the buying criteria of the patient monitoring equipment in the market. Hence, vendors are developing technologically advanced products that can be integrated with smartphones and applications, which can send test results on time and provide better patient care service. For instance, Dexcom developed the Dexcom G5 mobile continuous glucose monitoring (CGM) device, a mobile system, that sends glucose readings to a compatible smartphone every 5 minutes. In October 2014, the company received the FDA approval for its mobile application Dexcom SHARE, which is used in Dexcom G4 PLATINUM CGM system.

Technavio’s analysts forecast the global patient monitoring equipment market to grow at a CAGR of 8.93% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global patient monitoring equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of patient monitoring equipment.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Patient Monitoring Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • GE Healthcare
  • Medtronic
  • Philips Healthcare
  • Smiths Medical
Other prominent vendors
  • Abbott Laboratories
  • Advanced Brain Monitoring
  • Animas
  • ATHENA GTX
  • AVI Healthcare
  • Beijing Carejoy Technology
  • Braun & Company
  • Briggs Healthcare
  • CAS Medical Systems
  • CareTaker Medical
  • Contec Medical Systems
  • Corsens Medical
  • Delsys
  • Dexcom
  • EarlySense
  • Edan Instruments
  • Edwards Lifesciences
  • ERKA
  • FEVERSMART
  • Guangdong Biolight Meditech
  • Infinium Medical
  • InfoBionic
  • iRhythm Technologies
  • Kernel Medical Equipment
  • Mediana
  • Medicalgorithmics
  • Mennen Medical
  • Microlife
  • Mindray
  • Motion Lab Systems
  • Neoventa Medical
  • Nonin Medical
  • NeuroSky
  • Omron Healthcare
  • ONSENS
  • Raiing Medical
  • Rossmax International
  • Royal Life Care Diagnostics
  • Schiller
  • Spacelabs Healthcare
  • Sensium Healthcare
  • Tecnimed
  • Triton Electronics
  • Viamed
  • Vital Connect
  • Weinmann Geräte für Medizin (subsidiary of Löwenstein Medical)
  • Zoll
Market driver
  • Acquisition of small specialized hospitals by Tier-1 hospitals
  • For a full, detailed list, view our report
Market challenge
  • Intense competition among vendors and competitive pricing pressure
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of product bundling strategy by vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Patient Monitoring Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global patient monitoring equipment market: GE Healthcare, Medtronic, Philips Healthcare, and Smiths Medical

Other Prominent Vendors in the market are: Abbott Laboratories, Advanced Brain Monitoring, Animas, ATHENA GTX, AVI Healthcare, Beijing Carejoy Technology, Braun & Company, Briggs Healthcare, CAS Medical Systems, CareTaker Medical, Contec Medical Systems, Corsens Medical, Delsys, Dexcom, EarlySense, Edan Instruments, Edwards Lifesciences, ERKA, FEVERSMART, Guangdong Biolight Meditech, Infinium Medical, InfoBionic, iRhythm Technologies, Kernel Medical Equipment, Mediana, Medicalgorithmics, Mennen Medical, Microlife, Mindray, Motion Lab Systems, Neoventa Medical, Nonin Medical, NeuroSky, Omron Healthcare, ONSENS, Raiing Medical, Rossmax International, Royal Life Care Diagnostics, Schiller, Spacelabs Healthcare, Sensium Healthcare, Tecnimed, Triton Electronics, Viamed, Vital Connect, Weinmann Geräte für Medizin, and Zoll

Commenting on the report, an analyst from Technavio’s team said: “Vendors are bundling two or more products or services to achieve product differentiation and provide better products. For example, along with vital signs monitors, vendors are offering accessories for patients to monitor their blood pressure levels. For instance, Smiths Medical develops BCI, a bed-side patient monitor, that can include vital signs, pulse oximeters, capnography, and BP monitor.”

According to the report, the increase in demand for homecare patient monitoring systems is driving the market growth. Aged and critically ill individuals cannot afford frequent visits to health centers and they often require monitoring on a daily basis. Home monitoring, therefore, is a convenient and cost-effective alternative that helps patients monitor their health regularly. The demand for wireless multiparameter home use monitors is likely to propel the growth of the market during the forecast period. There is an increased need for the continuous monitoring of individuals with chronic disorders, such as hypertension. To reduce hospital cost and hospital stay, individuals are preferring home-based healthcare monitoring. Thus, to measure chronic conditions, most people prefer digital, portable, and user-friendly multiparameter patient monitors that can be used at home. The focus on quality care and disease management will lead to an increase in the adoption of portable, self-care, multiparameter patient monitoring devices, especially in developed countries. Thus, individuals with low or high blood pressure can take better care of themselves at home.

Further, the report states that as the market is highly competitive with the presence of a few established vendors and many new and small companies, both global and local vendors offer a wide range of patient monitoring equipment at lesser price. Global companies invest significantly in the marketing, promotion, and improvement of their brand quality to gain profit margins. However, intense competition in the market leads to price wars. This causes global vendors to lower the average selling prices of their devices to compete for high volume and low-cost sales agreements. Vendors also offer discounts, which further contributes to market competition. As a result, vendors, particularly leading companies, are operating on low profit margins.

Companies Mentioned

GE Healthcare, Medtronic, Philips Healthcare, Smiths Medical, Abbott Laboratories, Advanced Brain Monitoring, Animas, ATHENA GTX, AVI Healthcare, Beijing Carejoy Technology, Braun & Company, Briggs Healthcare, CAS Medical Systems, CareTaker Medical, Contec Medical Systems, Corsens Medical, Delsys, Dexcom, EarlySense, Edan Instruments, Edwards Lifesciences, ERKA, FEVERSMART, Guangdong Biolight Meditech, Infinium Medical, InfoBionic, iRhythm Technologies, Kernel Medical Equipment, Mediana, Medicalgorithmics, Mennen Medical, Microlife, Mindray, Motion Lab Systems, Neoventa Medical, Nonin Medical, NeuroSky, Omron Healthcare, ONSENS, Raiing Medical, Rossmax International, Royal Life Care Diagnostics, Schiller, Spacelabs Healthcare, Sensium Healthcare, Tecnimed, Triton Electronics, Viamed, Vital Connect, Weinmann Geräte für Medizin, Zoll.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Patient monitoring market opportunity analysis: Surgical paradigm in UK
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global patient monitoring equipment market 2016-2021 ($ billions)
      • Table Increasing number of surgeries in the US 2004-2014
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Body temperature monitoring equipment
      • Table Comparative study of different body temperature monitoring equipment in determining fever
      • Table Market overview: Body temperature monitoring equipment
      • Table Global body temperature monitoring equipment market 2016-2021 ($ billions)
      • Table Market analysis: Body temperature monitoring equipment 2016 and 2021
    • BP monitoring devices
      • Table Top three digital BP monitoring equipment based and their average selling price
      • Table Market overview: Body temperature monitoring equipment
      • Table Global BP monitoring equipment market 2016-2021 ($ billions)
      • Table Market analysis: Blood pressure monitoring equipment 2016 and 2021
    • Blood glucose monitor
      • Table Market overview: Blood glucose monitor
      • Table Global blood glucose monitoring market 2016-2021 ($ billions)
      • Table Market analysis: Blood glucose monitoring 2016 and 2021
    • Capnography
      • Table Market overview: Capnography
      • Table Global capnography market 2016-2021 ($ millions)
      • Table Regulatory guidelines endorsing capnography
      • Table Market analysis: Capnography 2016 and 2021
    • CPAP
      • Table Market overview: CPAP
      • Table Global CPAP market 2016-2021 ($ billions)
      • Table Market analysis: CPAP 2016 and 2021
    • EEG and ECG equipment
      • Table Market overview: EEG and ECG
      • Table Global EEG and ECG market 2016-2021 ($ billions)
      • Table Market analysis: EEG and ECG 2016 and 2021
    • Fetal monitoring equipment
      • Table Market overview: Fetal monitoring equipment
      • Table Global fetal monitoring equipment market 2016-2021 ($ billions)
      • Table Market analysis: Fetal monitoring equipment 2016 and 2021
    • Pulse oximetry
      • Table Market overview: Pulse oximetry monitoring equipment
      • Table Global pulse oximetry market 2016-2021 ($ billions)
      • Table Market analysis: Pulse oximetry equipment 2016 and 2021
    • Multiparameter monitoring equipment
      • Table Market overview: Multi-parameter monitoring equipment
      • Table Global multiparameter monitoring market 2016-2021 ($ billions)
      • Table Market analysis: Multiparameter monitoring equipment 2016 and 2021
    • Spirometer
      • Table Market overview: Spirometer
      • Table Global spirometer market 2016-2021 ($ millions)
      • Table Market analysis: Spirometer 2016 and 2021
  • Market segmentation by category
    • Bed-side patient monitoring equipment
    • Remote patient monitoring equipment
      • Table Benefits of remote patient monitoring in homecare settings
  • Market segmentation by end-users
    • Table Global patient monitoring equipment market 2016
    • Hospitals and clinics
    • ASCs
    • Homecare settings
  • Geographical segmentation
    • Table Global patient monitoring equipment market by geography in 2016 and 2021 ($ billions)
    • Table PEST analysis of patient monitoring equipment market by geography in 2016
    • Table PEST analysis of patient monitoring equipment market by geography in 2021
    • Patient monitoring equipment market in Americas
      • Table Market overview: Patient monitoring equipment market in Americas
      • Table Patient monitoring equipment market in Americas 2016-2021($ billions)
      • Table Patient monitoring equipment market in US
    • Patient monitoring equipment market in EMEA
      • Table Market overview: Patient monitoring equipment market in EMEA
      • Table Patient monitoring equipment market in EMEA 2016-2021 ($ billions)
      • Table Patient monitoring equipment market in UK
    • Patient monitoring equipment market in APAC
      • Table Market overview: Patient monitoring equipment market in APAC
      • Table Patient monitoring equipment market in APAC 2016-2021 ($ billions)
      • Table Patient monitoring equipment market in China
  • Market drivers
    • Growing number of chronic diseases
      • Table Estimated number of hospital admissions owing to respiratory disease and age in 2015 in EMEA
      • Table Percentage of global aging population aged 60 years or older 2010-2050
    • Acquisition of small specialized hospitals by Tier-1 hospitals
      • Table Number of hospitals merged and acquired from 2010 to 2015 in US
    • Paradigm shift toward minimally and non-invasive monitoring and algorithm-based monitoring equipment
    • Increased focus on online promotional and marketing strategies
    • Increase in demand for homecare monitoring equipment
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Intense competition among vendors and competitive pricing pressure
    • Challenges related to business and regulatory issues
    • Financial and budget constraints of hospitals
    • Increasing threat from alternatives
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of product bundling strategy by vendors
    • Advent of wearable patient monitoring equipment and integration with smartphones
    • Technological advancement in patient monitoring equipment
  • Vendor landscape
    • Competitive landscape analysis
      • Table Focus of manufacturers in patient monitoring equipment integration
      • Table Competitive structure analysis of global patient monitoring equipment market 2016
      • Table Competitive analysis of global patient monitoring equipment market 2016
  • Key vendor analysis
    • GE Healthcare
      • Table GE Healthcare: Strength assessment
      • Table GE Healthcare: Strategy assessment
      • Table GE Healthcare: Opportunity assessment
    • Medtronic
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Philips Healthcare
      • Table Philips Healthcare: Strength assessment
      • Table Philips Healthcare: Strategy assessment
      • Table Philips Healthcare: Opportunity assessment
    • Smiths Medical
      • Table Smiths Medical: Strength assessment
      • Table Smiths Medical: Strategy assessment
      • Table Smiths Medical: Opportunity assessment
    • Key companies to watch
      • Table Key companies
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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