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Market Research Report

Global Patient Monitoring Equipment Market - Segmented by Type of Device, Target Area, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Published by Mordor Intelligence LLP Product code 390833
Published Content info 110 Pages
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Global Patient Monitoring Equipment Market - Segmented by Type of Device, Target Area, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)
Published: March 1, 2018 Content info: 110 Pages
Description

The patient monitoring equipment market is expected to register a CAGR of 5.8% during the forecast period of 2018-2023. North America dominates the global market due to rapid technological advances

Increasing Geriatric Population

According to the report, "An Aging World: 2015", 8.5% of people worldwide are aged 65, and the number will grow to nearly 17% of the world's population by 2050. The growth in the geriatric population will directly increase the growth of chronic diseases and thus, is creating many health challenges. US population aged 65 and over is projected to double over the next decade, from 48 million to 88 million by 2050.

Additionally, rising incidence of chronic diseases, growing preference for home and remote monitoring, and ease-of-use and portability of devices to encourage adoption of point-of-care monitoring devices are some factors responsible for the growth of patient monitoring equipment market.

High Cost of Technology

Patient monitoring devices continue to be an important method of care by physicians and other healthcare professionals. However, a major factor that is hindering the growth of this market is the high cost associated with the technology. It is estimated that in the United States there was 6% annual increase in healthcare costs in 2017 due to new health technology. This shows that high cost is associated with innovative technology, hence the adoption of such technology becomes difficult, hindering the growth of the market.

Additionally, stringent government regulation is also hindering the growth of the global patient monitoring equipment market.

North America Dominates the Market

North America is dominating the market due to the increasing adoption of technology, surging geriatric population, and demand for wireless multi-parameter home use monitors. Asia-Pacific is set to register the highest CAGR in the future.

Key Developments in the Market

November 2017: Telecare, a division of Biotelemetry Inc. collaborated with Onduo in Diabetes Management Plan.

July 2017: BioTelemetry, Inc. acquired LifeWatch AG to enhance its position in wireless medicine.

The major players include Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, GE Healthcare, Medtronic PLC, Philips Healthcare, BioTelemetry, Inc., Nihon Kohden Corporation, Omron Corporation, and Honeywell International, Inc., among others.

Reasons to Purchase the Report

Follow the current and future patient monitoring market in the developed and emerging markets.

Analyzing various perspectives of the market with the help of Porter's

Five Forces Analysis.

Identify the segment that is expected to dominate the market.

Identify the regions that are expected to witness the fastest growth during the forecast period.

Identify the latest developments, market shares, and strategies employed by the major market players.

3-month analyst support along with the Market Estimate sheet (in Excel).

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Table of Contents
Product Code: 53921

Table of Contents

1. Introduction

  • 1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

  • 5.1 Current Market Scenario
  • 5.2 Porters Five Forces Analysis
    • 5.2.1 Bargaining Power of Suppliers
    • 5.2.2 Bargaining Power of Consumers
    • 5.2.3 Threat of New Entrants
    • 5.2.4 Threat of Substitute Products and Services
    • 5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

  • 6.1 Drivers
    • 6.1.1 Increasing Geriatric Population
    • 6.1.2 Rising Incidence of Chronic Diseases
    • 6.1.3 Growing Preference for Home and Remote Monitoring
    • 6.1.4 Ease-of-use and Portability of Devices to Encourage Adoption of Point-of-care Monitoring Devices
  • 6.2 Restraints
    • 6.2.1 High Cost of Technology
    • 6.2.2 Stringent Government Regulations
  • 6.3 Opportunities
  • 6.4 Key Challenges

7. Market Segmentation

  • 7.1 By Type of Device
    • 7.1.1 Hemodynamic Monitoring Devices
    • 7.1.2 Neuromonitoring Devices
    • 7.1.3 Cardiac Monitoring Devices
    • 7.1.4 Fetal and Neonatal Monitoring Devices
    • 7.1.5 Respiratory Monitoring Devices
    • 7.1.6 Multi-parameter Monitoring Devices
    • 7.1.7 Remote Patient Monitoring Devices
    • 7.1.8 Weight Monitoring Devices
    • 7.1.9 Temperature Monitoring Devices
  • 7.2 By Target Area
    • 7.2.1 Cardiology
    • 7.2.2 Neurology
    • 7.2.3 Respiratory
    • 7.2.4 Fetal & Neonatal
    • 7.2.5 Weight Monitoring
    • 7.2.6 Temperature Monitoring
    • 7.2.7 Remote Monitoring
    • 7.2.8 Others
  • 7.3 By End User
    • 7.3.1 Home Healthcare
    • 7.3.2 Clinics
    • 7.3.3 Hospitals
    • 7.3.4 Others
  • 7.4 By Geography
    • 7.4.1 North America
      • 7.4.1.1 United States
      • 7.4.1.2 Canada
      • 7.4.1.3 Mexico
      • 7.4.1.4 Rest of North America
    • 7.4.2 Europe
      • 7.4.2.1 France
      • 7.4.2.2 Germany
      • 7.4.2.3 United Kingdom
      • 7.4.2.4 Italy
      • 7.4.2.5 Spain
      • 7.4.2.6 Rest of Europe
    • 7.4.3 Asia-Pacific
      • 7.4.3.1 China
      • 7.4.3.2 Japan
      • 7.4.3.3 India
      • 7.4.3.4 Australia & New Zealand
      • 7.4.3.5 South Korea
      • 7.4.3.6 Rest of Asia-Pacific
    • 7.4.4 Middle East & Africa
      • 7.4.4.1 GCC
      • 7.4.4.2 South Africa
      • 7.4.4.3 Rest of Middle East & Africa
    • 7.4.5 South America
      • 7.4.5.1 Brazil
      • 7.4.5.2 Argentina
      • 7.4.5.3 Rest of South America

8. Competitive Landscape

  • 8.1 Mergers & Acquisition Analysis
  • 8.2 Agreements, Collaborations & Partnerships
  • 8.3 New Products Launches

9. Key Players

  • 9.1 Abbott Laboratories
  • 9.2 Biotelemetry Inc.
  • 9.3 GE Healthcare
  • 9.4 Honeywell International, Inc.
  • 9.5 Medtronic PLC
  • 9.6 Nihon Kohden Corporation
  • 9.7 Omron Corporation
  • 9.8 Philips Healthcare
  • 9.9 Roche Diagnostics
  • 9.10 Siemens Healthcare

List Not Exhaustive

10. Future Outlook of the Market

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