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Global Digital Patient Monitoring Devices Market: By Product Type: Haemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Digital Patient Monitoring Devices Market Outlook

The global digital patient monitoring devices market size attained a value of USD 40 billion in 2020. The market is expected to grow over the forecast period of 2021-2026 at a CAGR of 28.3%.

 

Global Digital Patient Monitoring Devices Market

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Increasing consumer awareness regarding fitness and a healthy lifestyle is expected to drive the market growth. Lifestyle-associated diseases, including hypertension and diabetes, and the requirement for patient care round the clock is expected to drive the market growth.

 

Properties and Applications

Digital patient monitoring is a sub-category of home care telehealth that enables patients to use mobile medical devices and software to capture and send health care professionals patient-generated health data (PGHD). It is often used to support acute, post-discharge, and senior care patients.

 

Global Digital Patient Monitoring Devices Market By End Use

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The digital patient monitoring devices industry can be divided based on segments like product type and end-use. The industry can be broadly categorised based on product type into:

  • Haemodynamic Monitoring Devices
  • Neuromonitoring Devices
  • Cardiac Monitoring Devices
  • Foetal and Neonatal Monitoring Devices
  • Respiratory Monitors
  • Multiparameter Monitoring Devices
  • Remote Patient Monitoring Devices
  • Weight Monitoring Devices
  • Temperature Monitoring Devices
  • Urine Output Monitoring Devices

The industry can be divided based on end-use as:

  • Hospitals
  • Home Settings
  • Ambulatory Surgical Centres (ASC)

The EMR report looks into the regional markets of digital patient monitoring devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

 

Global Digital Patient Monitoring Devices Market By Region

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Market Analysis

Organizations such as Apple, Fitbit, and Xiaomi are launching wearable devices that are driving the demand for electronic health monitoring. Start-up wearables companies concentrate on areas of mHealth such as personal safety, women's health, and hydration monitoring that offer exciting prospects for the remote patient monitoring market growth. Digital patient management provides a comprehensive platform for various types of care settings, along with unique features that provide a seamless workflow, medical reliability, and improved patient care.

Remote monitoring of patients guarantees consistency in systems of diagnosis and disease management. The increasing promotion and use of the online platform to generate positive health outcomes, along with a high preference for portable devices is expected to drive the growth in the segment.

Due to the rising incidences of hacking and data theft, the demand for better cybersecurity in the healthcare sector is expected to restrict the industry growth over the forecast period.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global digital patient monitoring devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Abbott Laboratories (NYSE: ABT)
  • Biotronik SE & Co. KG
  • General Electric Company 
  • F. Hoffmann-La Roche Ltd.
  • Johnson & Johnson 
  • Koninklijke Philips N.V. 
  • Masimo Corporation 
  • Medtronic plc 
  • Nihon Kohden Corporation 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End Use, Region
Breakup by Product Type Haemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring
Devices, Foetal and Neonatal Monitoring Devices, Respiratory Monitors, Multiparameter
Monitoring Devices, Remote Patient Monitoring Devices, Weight Monitoring Devices,
Temperature Monitoring Devices, Urine Output Monitoring Devices
Breakup by End Use Hospitals, Home Settings, Ambulatory Surgical Centres (ASC)
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Abbott Laboratories (NYSE: ABT), Biotronik SE & Co. KG, General Electric Company
(NYSE: GE), F. Hoffmann-La Roche Ltd., Johnson & Johnson (NYSE: JNJ),
Koninklijke Philips N.V. (AMS: PHIA), Masimo Corporation (NASDAQ: MASI),
Medtronic plc (NYSE: MDT), Nihon Kohden Corporation (TYO: 6849), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data 
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Digital Patient Monitoring Devices Market Analysis
    6.1    Global Digital Patient Monitoring Devices Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Global Digital Patient Monitoring Devices Market Breakup by Product Type
        6.2.1    Haemodynamic Monitoring Devices
        6.2.2    Neuromonitoring Devices
        6.2.3    Cardiac Monitoring Devices
        6.2.4    Foetal and Neonatal Monitoring Devices
        6.2.5    Respiratory Monitors
        6.2.6    Multiparameter Monitoring Devices
        6.2.7    Remote Patient Monitoring Devices
        6.2.8    Weight Monitoring Devices
        6.2.9    Temperature Monitoring Devices
        6.2.10    Urine Output Monitoring Devices
    6.3    Global Digital Patient Monitoring Devices Market Breakup by Product Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Haemodynamic Monitoring Devices
        6.3.2    Neuromonitoring Devices
        6.3.3    Cardiac Monitoring Devices
        6.3.4    Foetal and Neonatal Monitoring Devices
        6.3.5    Respiratory Monitors
        6.3.6    Multiparameter Monitoring Devices
        6.3.7    Remote Patient Monitoring Devices
        6.3.8    Weight Monitoring Devices
        6.3.9    Temperature Monitoring Devices
        6.3.10    Urine Output Monitoring Devices
    6.4    Global Digital Patient Monitoring Devices Market Breakup by End Use
        6.4.1    Hospitals
        6.4.2    Home Settings
        6.4.3    Ambulatory Surgical Centres (ASC)
    6.5    Global Digital Patient Monitoring Devices Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026) 
        6.5.1    Hospitals
        6.5.2    Home Settings
        6.5.3    Ambulatory Surgical Centres (ASC)
    6.6    Global Digital Patient Monitoring Devices Market Breakup by Region
        6.6.1    North America
            6.6.1.1    United States of America
            6.6.1.2    Canada
        6.6.2    Europe
            6.6.2.1    Germany
            6.6.2.2    United Kingdom
            6.6.2.3    France
            6.6.2.4    Italy
            6.6.2.5    Others
        6.6.3    Asia Pacific
            6.6.3.1    China
            6.6.3.2    Japan
            6.6.3.3    India
            6.6.3.4    ASEAN
            6.6.3.5    Others
        6.6.4    Latin America
            6.6.4.1    Brazil
            6.6.4.2    Argentina
            6.6.4.3    Mexico
            6.6.4.4    Others
        6.6.5    Middle East & Africa
            6.6.5.1    Saudi Arabia
            6.6.5.2    United Arab Emirates
            6.6.5.3    Nigeria
            6.6.5.4    South Africa
            6.6.5.5    Others
    6.7     Global Digital Patient Monitoring Devices Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    North America
            6.7.1.1    United States of America
            6.7.1.2    Canada
        6.7.2    Europe
            6.7.2.1    Germany
            6.7.2.2    United Kingdom
            6.7.2.3    France
            6.7.2.4    Italy
            6.7.2.5    Others
        6.7.3    Asia Pacific
            6.7.3.1    China
            6.7.3.2    Japan
            6.7.3.3    India
            6.7.3.4    ASEAN
            6.7.3.5    Others
        6.7.4    Latin America
            6.7.4.1    Brazil
            6.7.4.2    Argentina
            6.7.4.3    Mexico
            6.7.4.4    Others
        6.7.5    Middle East & Africa
            6.7.5.1    Saudi Arabia
            6.7.5.2    United Arab Emirates
            6.7.5.3    Nigeria
            6.7.5.4    South Africa
            6.7.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    Competitive Landscape & Supplier Analysis 
    9.1    Abbott Laboratories (NYSE: ABT)
    9.2    Biotronik SE & Co. KG
    9.3    General Electric Company (NYSE: GE)
    9.4    F. Hoffmann-La Roche Ltd.
    9.5    Johnson & Johnson (NYSE: JNJ)
    9.6    Koninklijke Philips N.V. (AMS: PHIA)
    9.7    Masimo Corporation (NASDAQ: MASI)
    9.8    Medtronic plc (NYSE: MDT)
    9.9    Nihon Kohden Corporation (TYO: 6849)
    9.10    Others
10    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global digital patient monitoring devices industry attained a value of nearly USD 40 billion.

The market is projected to grow at a CAGR of 28.3% between 2021 and 2026.

The major drivers of the industry, such as the rising disposable incomes, increasing population, growing health consciousness, increasing prevalence of lifestyle related disorders, and the growing popularity of wearable patient monitoring devices, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing investment by the key players to launch enhanced versions of healthcare monitoring devices and the growing technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Haemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, foetal and neonatal monitoring devices, respiratory monitors, multiparameter monitoring devices, remote patient monitoring devices, weight monitoring devices, temperature monitoring devices, and urine output monitoring devices are the significant product types in the industry.

The major end use segments of the product include hospitals, home settings, and ambulatory surgical centres (ASC).

The major players in the industry are Abbott Laboratories, Biotronik SE & Co. KG, General Electric Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, and Nihon Kohden Corporation, among others.

Analyst Review

The global digital patient monitoring devices market attained a value of USD 40 billion in 2020, driven by the growing awareness regarding health and the increasing demand for wearable healthcare devices. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 28.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product types, the digital patient monitoring devices industry can be segmented into haemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, foetal and neonatal monitoring devices, respiratory monitors, multiparameter monitoring devices, remote patient monitoring devices, weight monitoring devices, temperature monitoring devices, and urine output monitoring devices. On the basis of end use, the industry is divided into hospitals, home settings, and ambulatory surgical centres (ASC). The major regional markets for digital patient monitoring devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Abbott Laboratories, Biotronik SE & Co. KG, General Electric Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nihon Kohden Corporation, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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