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Global Patient Monitoring Market: By Device Type: Haemodynamic Monitoring Devices, Neuro-monitoring Devices, Cardiac Monitoring Devices, Others; By Application; By End User; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: Swot Analysis; Competitive Landscape; Industry Events and Developments

Global Patient Monitoring Market Outlook

The global patient monitoring market attained a value of about USD 19,200 million in 2020. The market is further expected to grow at a CAGR of 5.9% during the forecast period of 2021-2026 to reach nearly USD 27,082 million by 2026.


Rising Government Spending on Healthcare Sector to Bolster the Market Growth of Patient Monitoring

A rise in the geriatric population, and a surge in prevalence of chronic diseases, including cancer, diabetes, cardiac diseases, and hypertension, among others, is invigorating the demand for established patient monitoring systems.  In addition, with the advent of COVID-19, growing public and government investments in improving the healthcare system across the globe are positively impacting the market growth.

 

Global Patient Monitoring Market

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Government spending on research and development (R&D) activities, coupled with innovations in product designs like sensor-based and digital monitoring systems, is fuelling the market growth. With the integration of technology like artificial intelligence (AI) and the Internet of Things (IoT) in patient monitoring, the system is able to record the patient’s vitality and send real-time updates, which aid in improving the productivity of the healthcare staff. Thus, investments and innovations in manufacturing practices are invigorating the market growth of patient monitoring.


Patient Monitoring: Industry Definition and Segmentation

Patient monitoring refers to the process by which healthcare providers are able to monitor a patient’s health. For this, monitoring devices are used for continuous measurement of patient’s temperature, heart rate, blood pressure, blood-oxygen level, among other uses.

The market, on the basis of device type, can be categorised into:

  • Haemodynamic Monitoring Devices
  • Neuro-monitoring Devices
  • Cardiac Monitoring Devices
  • Multi-parameter Monitors
  • Respiratory Monitoring Devices
  • Remote Patient Monitoring Devices
  • Others

On the basis of applications, the market can be divided into:

  • Cardiology 
  • Neurology
  • Respiratory
  • Fatal and Neonatal
  • Weight Management and Fitness Monitoring
  • Others

Based on end user, the market segmentations are:

  • Home Healthcare 
  • Hospitals and Clinics
  • Others

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


Surging Demand for Remote Patient Monitoring Systems to Augment the Market Growth

A surge in demand for remote patient monitoring systems owing to the presence of coronavirus pandemic around the world, is continuing to bolster growth of the patient monitoring industry. The problem of space scarcity and the risk of infection due to the COVID-19 pandemic is encouraging the healthcare sector to adopt remote monitoring devices. Remote patient monitoring includes the use of portable and wearable devices that collect patient data and transmits the information to the physician. The rising use of remote monitoring systems can be attributed to technological integration like the Internet of Things (IoT) that aid in transmitting real-time updates, cloud-based storage, and video conferencing, which is propelling the growth of the industry. Furthermore, remote monitoring devices helps in significant cost reductions, diminishing the need for frequent doctor visits and hospitalisation costs, thereby boosting the demand for patient monitoring.

 
Key Industry Players in the Global Patient Monitoring Market

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

  • Abbott Laboratories
  • Boston Scientific Corporation
  • Becton, Dickinson and Company
  • General Electric Company (GE Healthcare)
  • Siemens Healthcare GmbH
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

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- Device Type, Application, End User, Region
Breakup by Device Type Haemodynamic Monitoring Devices, Neuro-monitoring Devices, Cardiac Monitoring Devices, Multi-parameter Monitors, Respiratory Monitoring Devices, Remote Patient Monitoring Devices, Others
Breakup by Application Cardiology, Neurology, Respiratory, Fatal and Neonatal, Weight Management and Fitness Monitoring, Others
Breakup by End User Home Healthcare, Hospitals and Clinics, Others
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, Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), Siemens Healthcare GmbH, 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 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Patient Monitoring Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Patient Monitoring Historical Market (2016-2020) 
    8.3    Global Patient Monitoring Market Forecast (2021-2026)
    8.4    Global Patient Monitoring Market by Device Type
        8.4.1    Haemodynamic Monitoring Devices
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Neuro-monitoring Devices
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Cardiac Monitoring Devices
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Multi-parameter Monitors
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5     Respiratory Monitoring Devices
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Remote Patient Monitoring Devices
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    Global Patient Monitoring Market by Application
        8.5.1    Cardiology 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Neurology
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Respiratory
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Fatal and Neonatal
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Weight Management and Fitness Monitoring
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Patient Monitoring Market by End User
        8.6.1    Home Healthcare 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Hospitals and Clinics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Patient Monitoring Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Abbott Laboratories
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Boston Scientific Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Becton, Dickinson and Company
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    General Electric Company (GE Healthcare)
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Siemens Healthcare GmbH
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Patient Monitoring Market: Key Industry Highlights, 2016 and 2026
2.    Global Patient Monitoring Historical Market: Breakup by Device Type (USD Million), 2016-2020
3.    Global Patient Monitoring Market Forecast: Breakup by Device Type (USD Million), 2021-2026
4.    Global Patient Monitoring Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Patient Monitoring Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Patient Monitoring Historical Market: Breakup by End User (USD Million), 2016-2020
7.    Global Patient Monitoring Market Forecast: Breakup by End User (USD Million), 2021-2026
8.    Global Patient Monitoring Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Patient Monitoring Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Patient Monitoring Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Patient Monitoring Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Patient Monitoring Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Patient Monitoring Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Patient Monitoring Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Patient Monitoring Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Patient Monitoring Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Patient Monitoring Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Patient Monitoring Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Patient Monitoring Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Patient Monitoring Market Structure

Key Questions Answered in the Report

The global patient monitoring market attained a value of nearly USD 19,200 million in 2020.

The market is projected to grow at a CAGR of 5.9% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 27,082 million by 2026.

The industry is being driven by government and private investments in the patient monitoring device manufacturing.

The rising demand for remote patient monitoring devices, accelerated by the COVID-19 outbreak, is expected to bolster market growth in the coming years.

The major regional markets for patient monitoring are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The different types of devices in the patient monitoring industry are haemodynamic monitoring devices, neuro-monitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, and remote patient monitoring devices, among others.

The patient monitoring devices find their applications in cardiology, neurology, respiratory, fatal and neonatal, and weight management and fitness monitoring, among others.

The major end user sectors of patient monitoring are home healthcare and, hospitals and clinics, among others.

The major players in the industry are Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), and Siemens Healthcare GmbH, among others.

Analyst Review

The global patient monitoring market attained a value of about USD 19,200 million in 2020, driven by the robust government and private investments in patient monitoring devices. Aided by the surge in demand for remote patient monitoring devices, the market is expected to grow at a CAGR of 5.9% in the forecast period of 2021-2026 to reach nearly USD 27,082 million by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of devices, the market can be segmented into haemodynamic monitoring devices, neuro-monitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, and remote patient monitoring devices, among others. Based on applications, the market is divided into cardiology, neurology, respiratory, fatal and neonatal, and weight management and fitness monitoring, among others. On the basis of end user, the market segmentations are patient monitoring are home healthcare and, hospitals and clinics, among others. The major regional markets for patient monitoring are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), and Siemens Healthcare GmbH, among 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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