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Global Patient Monitoring Devices Market

Publisher Skyquest Technology Consulting
Published Nov 18, 2024
Length 175 Pages
SKU # SKTC20314718

Description

Patient Monitoring Devices Market Size was valued at USD 52636.52 Million in 2023 and is poised to grow from USD 57268.53 Million in 2024 to USD 106454.7 Million by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).

The patient monitoring devices market has experienced significant growth in recent years, driven by increasing demand for devices that measure, record, and display biometric data such as blood pressure, temperature, and oxygen saturation. A notable shift towards homecare settings from traditional hospital treatments is making healthcare more affordable, spurred by advancements in medical treatments and the pandemic's influence on patient care preferences. This situation has opened opportunities for manufacturers to demonstrate the convenience, cost-efficiency, and effectiveness of their devices. With ongoing innovations in technology, companies are developing tools capable of accurately measuring various health parameters, which is expected to further propel market growth and elevate global demand for both therapeutic and monitoring devices.

Top-down and bottom-up approaches were used to estimate and validate the size of the Patient Monitoring Devices market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market Size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Patient Monitoring Devices Market Segments Analysis

Global Patient Monitoring Devices Market is segmented by Product, End User, and region. Based on Product, the market is segmented into Blood Glucose Monitoring Devices, Cardiac Monitoring Devices, Multiparameter Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices, Hemodynamic/Pressure Monitoring Devices, Fetal & Neonatal Monitoring Devices, Neuromonitoring Devices, Weight Monitoring Devices, and Other Patient Monitoring Devices. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, Home Care Settings, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Patient Monitoring Devices Market

One of the key drivers of the Patient Monitoring Devices market is the rising government investments in healthcare. As governments recognize the importance of enhancing healthcare infrastructure, they are allocating more funds towards advanced medical technologies, including patient monitoring systems. This surge in financial support aims to improve patient care, streamline healthcare services, and ensure timely medical interventions. Consequently, healthcare facilities are increasingly adopting sophisticated monitoring devices to meet the growing demand for effective patient management. As a result, the focus on improving healthcare outcomes through innovative technology is significantly propelling the expansion of the patient monitoring devices market.

Restraints in the Patient Monitoring Devices Market

One of the significant challenges facing the Patient Monitoring Devices market is the intense competition posed by alternative drug delivery systems. As advancements in technology pave the way for innovative treatment options, these alternatives are increasingly capturing market share, thereby hindering the growth of traditional monitoring devices. Patients and healthcare providers may gravitate toward more integrated solutions that combine drug delivery with monitoring capabilities, making it essential for manufacturers to continuously innovate and adapt to evolving market demands. This competitive landscape may restrict the expansion opportunities for traditional patient monitoring devices as they strive to maintain relevance in an ever-changing healthcare environment.

Market Trends of the Patient Monitoring Devices Market

The Patient Monitoring Devices market is experiencing a significant trend towards the incorporation of AI-based algorithms and advanced data analytics, driving innovation and efficiency in healthcare. As machine learning techniques resonate within the industry, devices are becoming increasingly adept at analyzing vast datasets, discerning patterns, and predicting health outcomes. This evolution is fueled by heightened awareness surrounding digital health technologies and the importance of preventive care, catalyzing market growth. Enhanced predictive analytics capabilities enable early detection of health issues, ultimately facilitating improved medical delivery and patient outcomes, positioning AI-driven monitoring solutions as a pivotal element in the future of healthcare.

Table of Contents

175 Pages
1. Introduction
1.1. Objectives of the Study
1.2. Definitions
1.3. Market Scope
2. Research Methodology
2.1. Information Procurement
2.2. Secondary & Primary Data Sources
2.3. Market Size Estimation
2.4. Market Assumptions & Limitations
3. Executive Summary
3.1. Market Overview Outlook
3.2. Supply Demand Trend Analysis
3.3. Segmental Opportunity Analysis
4. Market Dynamics & Outlook
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Opportunities
4.1.3. Restraints
4.1.4. Challenges
4.2. Porters Analysis
4.2.1. Competitive rivalry
4.2.2. Threat of Substitute Products
4.2.3. Bargaining Power of Buyers
4.2.4. Threat of New Entrants
4.2.5. Bargaining Power of Suppliers
5. Key Market Insights
5.1. Key Success Factor
5.2. Degree of Competition
5.3. Top Investment Pockets
5.4. Ecosystem of the Market
5.5. Technology Analysis
5.6. Value Chain Analysis
5.7. Supply Chain Analysis
5.8. Pricing Analysis
5.9. Patent Analysis
5.10. Trade Analysis
5.11. Customer & Buying Criteria Analysis
6. Patient Monitoring Devices Market by Product
6.1. Market Overview
6.2. Blood Glucose Monitoring Devices
6.2.1. Self-Monitoring Blood Glucose Devices
6.2.2. Continuous Glucose Monitoring Devices
6.2.3. Wearable Glucose Monitoring Devices
6.3. Cardiac Monitoring Devices
6.3.1. ECG Devices
6.3.2. Implantable Loop Recorders (ILRS)
6.3.3. Event Monitors
6.3.4. MCT Monitors
6.3.5. Smart/Wearable ECG Monitors
6.4. Multiparameter Monitoring Devices
6.4.1. Low-Acuity Monitors
6.4.2. Mid-Acuity Monitors
6.4.3. High-Acuity Monitors
6.5. Respiratory Monitoring Devices
6.5.1. Pulse Oximeters
6.5.2. Spirometers
6.5.3. Capnographs
6.5.4. Peak Flow Meters
6.6. Temperature Monitoring Devices
6.6.1. Handheld Temperature Monitoring Devices
6.6.2. Table-Top Temperature Monitoring Devices
6.6.3. Wearable Continuous Monitoring Devices
6.6.4. Invasive Temperature Monitoring Devices
6.6.5. Smart Temperature Monitoring Patches
6.7. Hemodynamic/Pressure Monitoring Devices
6.7.1. Hemodynamic Monitors
6.7.2. Blood Pressure Monitors
6.7.3. Disposables
6.8. Fetal & Neonatal Monitoring Devices
6.8.1. Fetal Monitoring Devices
6.8.2. Neonatal Monitoring Devices
6.9. Neuromonitoring Devices
6.9.1. EEG Machines
6.9.2. EMG Machines
6.9.3. Cerebral Oximeters
6.9.4. ICP Monitors
6.9.5. MEG Machines
6.9.6. TCD Machines
6.10. Weight Monitoring Devices
6.10.1. Digital Weight Monitoring Devices
6.10.2. Analog Weight Monitoring Devices
6.11. Other Patient Monitoring Devices
7. Patient Monitoring Devices Market by End User
7.1. Market Overview
7.2. Hospitals & Clinics
7.3. Ambulatory Surgical Centers
7.4. Home Care Settings
7.5. Other End Users
8. Patient Monitoring Devices Market Size by Region
8.1. Market Overview
8.2. North America
8.2.1. USA
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. Spain
8.3.3. France
8.3.4. UK
8.3.5. Italy
8.3.6. Rest of Europe
8.4. Asia Pacific
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. South Korea
8.4.5. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Rest of Latin America
8.6. Middle East & Africa (MEA)
8.6.1. GCC Countries
8.6.2. South Africa
8.6.3. Rest of MEA
9. Competitive Landscape
9.1. Top 5 Player Comparison
9.2. Market Positioning of Key Players, 2024
9.3. Strategies Adopted by Key Market Players
9.4. Recent Activities in the Market
9.5. Key Companies Market Share (%), 2024
10. Key Company Profiles
10.1. Dexcom, Inc. (US)
10.1.1. Company Overview
10.1.2. Business Segment Overview
10.1.3. Financial Updates
10.1.4. Key Developments
10.2. GE Healthcare (US)
10.2.1. Company Overview
10.2.2. Business Segment Overview
10.2.3. Financial Updates
10.2.4. Key Developments
10.3. Philips Healthcare (Netherlands)
10.3.1. Company Overview
10.3.2. Business Segment Overview
10.3.3. Financial Updates
10.3.4. Key Developments
10.4. Nihon Kohden Corporation (Japan)
10.4.1. Company Overview
10.4.2. Business Segment Overview
10.4.3. Financial Updates
10.4.4. Key Developments
10.5. Boston Scientific Corporation (US)
10.5.1. Company Overview
10.5.2. Business Segment Overview
10.5.3. Financial Updates
10.5.4. Key Developments
10.6. Archimed SAS (France)
10.6.1. Company Overview
10.6.2. Business Segment Overview
10.6.3. Financial Updates
10.6.4. Key Developments
10.7. Compumedics Limited (Australia)
10.7.1. Company Overview
10.7.2. Business Segment Overview
10.7.3. Financial Updates
10.7.4. Key Developments
10.8. Nonin Medical, Inc. (US)
10.8.1. Company Overview
10.8.2. Business Segment Overview
10.8.3. Financial Updates
10.8.4. Key Developments
10.9. Biotronik (Germany)
10.9.1. Company Overview
10.9.2. Business Segment Overview
10.9.3. Financial Updates
10.9.4. Key Developments
10.10. Schiller AG (Switzerland)
10.10.1. Company Overview
10.10.2. Business Segment Overview
10.10.3. Financial Updates
10.10.4. Key Developments
10.11. Senseonics (US)
10.11.1. Company Overview
10.11.2. Business Segment Overview
10.11.3. Financial Updates
10.11.4. Key Developments
10.12. Cardiomo (India)
10.12.1. Company Overview
10.12.2. Business Segment Overview
10.12.3. Financial Updates
10.12.4. Key Developments
10.13. Vitls (US)
10.13.1. Company Overview
10.13.2. Business Segment Overview
10.13.3. Financial Updates
10.13.4. Key Developments
10.14. Neteera (Israel)
10.14.1. Company Overview
10.14.2. Business Segment Overview
10.14.3. Financial Updates
10.14.4. Key Developments
10.15. Qardio (US)
10.15.1. Company Overview
10.15.2. Business Segment Overview
10.15.3. Financial Updates
10.15.4. Key Developments
10.16. Vivify Health (US)
10.16.1. Company Overview
10.16.2. Business Segment Overview
10.16.3. Financial Updates
10.16.4. Key Developments
10.17. Irhythm Technologies, Inc. (US)
10.17.1. Company Overview
10.17.2. Business Segment Overview
10.17.3. Financial Updates
10.17.4. Key Developments
10.18. Nihon Kohden Corporation (Japan)
10.18.1. Company Overview
10.18.2. Business Segment Overview
10.18.3. Financial Updates
10.18.4. Key Developments
10.19. Cardinal Health (US)
10.19.1. Company Overview
10.19.2. Business Segment Overview
10.19.3. Financial Updates
10.19.4. Key Developments
10.20. Merit Medical Systems (US)
10.20.1. Company Overview
10.20.2. Business Segment Overview
10.20.3. Financial Updates
10.20.4. Key Developments
11. Conclusion & Recommendations

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