Global Patient Monitoring Systems Market Insights Report 2021 Worldwide Market Trends & Opportunities to 2028

Global Patient Monitoring Systems Market

DBMR has added a new report titled Global Patient Monitoring Systems Market with data Tables for historical and forecast years represented with Chats & Graphs spread through Pages with easy to understand detailed analysis. This report is quite useful to find out the general market conditions and tendencies. It also estimates the probable market for a new product to be launched in the market. This also Report has compiled to provide various market aspects such as size, share, trends, dynamics, growth, sales, and industry analysis. The competitive analysis taken place in this report include strategic profiling of key market players, their core competencies, their strong and weak points, and competitive landscape of the market which supports businesses illustrate their individual strategies.

Patient monitoring systems continue their upward trend due to the rising preference of home cares, and remote monitoring. This trend will help establish the global patient monitoring system market with a substantial CAGR of 6.5% in the forecast period of 2019-2026 and is estimated to reach USD 30.62 billion by 2026.

Competitive Analysis: Global Patient Monitoring Systems Market

Global patient monitoring systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of patient monitoring systems market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Key Market Competitors: Global Patient Monitoring Systems Market

Some of the major players operating in patient monitoring system market are BioTelemetry Inc., Onduo LLC., Medtronic, Compumedics Limited, Nihon Kohden Corporation, Natus Medical Incorporated, General Electric Company, Koninklijke Philips N.V., Abbott, F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, OMRON Corporation, Honeywell International Inc., Masimo, Johnson & Johnson Services Inc., Care Innovations LLC., Smiths Group plc, Drägerwerk AG & Co. KGaA, SunTech Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., CONTEC MEDICAL SYSTEMS CO. LTD. among others

Market Definition: Global Patient Monitoring Systems Market

Patient monitoring devices are the devices that are used to monitor or diagnose the patient’s conditions and symptoms. These devices help in monitoring patient’s status continuously.

The market has developed and advanced over the years and the patients can be monitored online and their reports are available remotely.

Market Drivers

  • These devices help steadily monitor the patients’ health and helps identify the severity of the disease
  • Growing preference given to home care is also driving this industry due to the demand for remote monitoring devices required for proper home care

 Market Restraints

  • High cost of this technology is one of the major factor currently hindering the market growth of the industry
  • With stringent government regulations regarding these devices are also one of the major factors halting the market growth

Segmentation: Global Patient Monitoring Systems Market

By Product

  • Cardiac Monitoring Devices
    • Electrocardiography (ECG) Devices
    • Implantable Loop Recorders
    • Cardiac Output Monitors
    • Event Monitors
    • Smart Wearable Electrocardiography (ECG) Monitors
  • Neuromonitoring Devices
    • Electroencephalography Machines
    • Electromyography Machines
    • Intracranial Pressure Monitors
    • Magnetoencephalography Machines
    • Transcranial Doppler Machines
    • Cerebral Oximeters
  • Respiratory Monitoring Devices
    • Pulse Oximeters
    • Capnographs
    • Spirometers
    • Peak Flow Meters
  • Multi-parameter Monitoring Devices
    • Low-acuity Monitors
    • Mid-acuity Monitors
    • High-acuity Monitors
  • Fetal Monitoring Devices
  • Neonatal Monitoring Devices
  • Hemodynamic Monitoring Devices
    • Disposables
    • Systems
  • Temperature Monitoring Devices
    • Digital
    • Infrared
    • Analog
    • Temperature Strips
  • Weight Monitoring Devices
    • Digital
    • Analog

By End-User

  • Hospitals
  • Clinics
  • Ambulatory Care
  • Home Care

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Key Developments in the Market:

  • In October 2017, Smiths Medical introduced three innovative new products such as the Invasive Blood Pressure Monitoring System, The aerFree Airway Management System, the CADD it mainly helps in meeting the challenging needs of critical patients
  • In November 2014, Intel-GE Care Innovation Launches New Solution to Connect Clinicians, Patients, and Family Caregivers in the Home, this platform helps in remote patient monitoring by providing intuitive and easy-to-use technology that enables, clinicians, patients, care providers, to collaborate for better care in the home. The main aims is to improve the patient’s health while also simplifying the life of a family caregiver, keeping the patient at home where they want to be most

Reasons to Purchase this Report

  • Current and future of global patient monitoring systems market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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