Global Market for Patient Monitoring Device is Anticipated to grow at a Significant Pace i.e., USD 44.85 Billion during the Forecast Period 2021-2027

Published Date: Dec, 2021

The global patient monitoring device market is expected to witness a 4.5% CAGR during the forecast period. The primary factor attributing to the growth of the patient monitoring devices market include the integration of monitoring technologies in smartphones and wireless devices to monitor patients’ health leading to the introduction of remote monitoring systems, resulting in the growth of the market. Moreover, the mobile cardiac telemetry devices, mobile PDA systems, ambulatory wireless EEG disorders, and ambulatory event monitors will further drive the growth of the patient monitoring device market.

In February 2021 Royal Philips has expanded remote patient management by introducing Philips Medical Tablet which is an end-to-end, easy-to-use, portable monitoring kit that aids clinicians to remotely monitor patients during emergency conditions, like the COVID-19 pandemic.

The COVID-19 pandemic has a tremendous growth on the patient monitoring device market owing to the continuous monitoring of patient's health like heart rate, pulse rate, blood pressure, blood oxygen saturation, etc. The key purpose of these monitors is to give warnings of early or dangerous deterioration in critically ill patients. Nevertheless, the rising prominence of wearable and remote patient monitoring devices will diagnose chronic diseases by clinical symptomology with essential vital signs will result in the growth of the patient monitoring device market.

Browse 46 market data Tables and 30 Figures spread through 200 Pages and in-depth TOC on " Patient Monitoring Device Market by Product (Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Hemodynamic Monitoring Devices, Multi-Parameter Monitoring Devices, Temperature Monitoring Devices, Fetal and Neonatal Monitoring Device and Weight Monitoring Devices), and by End User (Ambulatory Surgical Centers, Home Settings and Hospitals and Clinics), and Region - Global Forecast to 2027"

By product, cardiac monitoring devices contributes to the largest share in the patient monitoring device market.

Based upon product, the patient monitoring device market is divided into cardiac monitoring devices, neuromonitoring devices, respiratory monitoring devices, hemodynamic monitoring devices, multi-parameter monitoring devices, temperature monitoring devices, fetal and neonatal monitoring devices, and weight monitoring devices. Cardiac monitoring devices dominate the market owing to the increased prominence of cardiovascular disorders like congestive heart failure, congenital heart disease, coronary heart disease, and stroke each year globally.

Global Patient Monitoring Device Market Segmentation Analysis

Segment

Categorization

Leading Category

Product

Cardiac Monitoring Devices (Implantable Loop Recorders, Mobile Cardiac Telemetry Monitors, ECG Devices, Event Monitors, and Smart Wearable ECG Monitors), Neuromonitoring Devices (Cerebral Oximeters, Electroencephalograph (EEG) Machines, Electromyograph Machines, Intracranial Pressure Monitors, and Magnetoencephalograph Machines), Respiratory Monitoring Devices (Pulse Oximeter, Capnographs, Peak Flow Meters and Spirometers), Hemodynamic Monitoring Devices, Multi-Parameter Monitoring Devices (Low-Acuity Monitors, Mid-Acuity Monitors and High-Acuity Monitors), Temperature Monitoring Devices, Fetal and Neonatal Monitoring Device (Fetal Monitoring Device and Neonatal Monitoring Device) and Weight Monitoring Devices

ECG Devices (Largest)

Mobile Cardiac Telemetry Monitors (Fastest)

Pulse Oximeter (Largest)

Capnographs (Fastest)

EEG Machines (Largest)

Cerebral Oximeters (Fastest)

Low-Acuity Monitors (Largest)

Fetal Monitoring Device (Largest)

End User

Ambulatory Surgical Centers, Home Settings and Hospitals and Clinics

Hospitals and Clinics (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“Asia-Pacific is anticipated to be the fastest-growing region in the Patient Monitoring Device during 2021-2027.”

Asia-Pacific is expected to be the fastest-growing region in the Patient Monitoring Device market owing to the adoption of a sedentary lifestyle in the region like poor diet, physical inactivity, and increase intake of sugar that might lead to chronic diseases like obesity, diabetes, etc.

Some of the major players in the Patient Monitoring Device market include Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron, and GE Healthcare are the key players offering patient monitoring device.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Product, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron, and GE Healthcare

Global Patient Monitoring Device Market Coverage

Product Insight and Forecast 2015-2027

  • Cardiac Monitoring Devices
  • Neuromonitoring Devices
  • Respiratory Monitoring Devices
  • Hemodynamic Monitoring Devices
  • Multi-Parameter Monitoring Devices
  • Temperature Monitoring Devices
  • Fetal and Neonatal Monitoring Device
  • Weight Monitoring Devices

End User Insight and Forecast 2015-2027

  • Ambulatory Surgical Centers
  • Home Settings
  • Hospitals and Clinics

Geographical Segmentation

Patient Monitoring Device Market by Region

North America

  • By Product
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Product
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries