Patient Monitoring Device/Equipment/System Market Segments and Key Trends 2016-2024
Patient Monitoring Device/Equipment/System Market: Overview
In each and every medical procedures and surgery, the medical team requires the patient monitoring devices. It plays a vital role in each and every medical sector whether in a small clinic or a multi-specialty hospital. The latest devices are grain sized owing to the advancement in the technology the size of the monitors has been reduced significantly. The growth of the patient monitoring devices is fueled owing to the increase in the adoption of the remote and telemetry monitoring. These devices are now having the capacity to monitor the patients that are at a long distance, prescribe the treatments and medicines to patients that are unable to travel, perform intra-operative procedures. These benefits by the patient monitoring device have reduced the traveling of the physicians and also minimized the hospital stays for the patients.
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Patient Monitoring Device/Equipment/System Market: Segmentation
The global patient monitoring device is segmented into hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, fetal and neonatal monitoring devices, respiratory monitoring devices, multiparameter monitoring devices, remote patient monitoring devices, weight monitoring devices and temperature monitoring devices. The hemodynamic monitoring devices are categorized into blood glucose monitoring devices, cholesterol monitoring devices, blood pressure monitoring devices and the blood gas and electrolyte analyzers/monitors. On the basis of neuromonitoring devices, the global market is segregated into electroencephalograph devices, magnetoencephalography devices, intracranial pressure monitors, transcranial dopplers and cerebral oximeters. Based on the cardiac monitoring devices, the global market is categorized into electrocardiogram devices, event monitors, implantable loop recorders and cardiac output monitoring devices. Based on the fetal and neonatal monitoring devices, the global patient monitoring device is categorized into internal fetal monitors and ultrasound fetal dopplers. The respiratory monitoring devices are further classified into capnography, anesthesia monitors, pulse oximeters, spirometers and sleep apnea monitoring devices. The multiparameter monitoring devices are categorized into high acuity, mid-acuity, and low acuity. Regionally, the global patient monitoring device market is diversified into Europe, Asia Pacific, North America and Rest of the World.
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Patient Monitoring Device/Equipment/System Market: Growth Factors
The factors that are driving the global patient monitoring device include the growing population of the elderly people, technological advancements such as the portability of the devices and the unhealthy lifestyle of the people. The cardiac monitor segment leads the global market, while the neuromonitoring segment is the fastest growing segment. The market investors are making investments in the neuromonitoring segment followed by the remote patient monitoring devices and the respiratory devices. The ECG segment is also growing as there have been many cases of cardiac, diabetes and hypertension in the recent years.
Patient Monitoring Device/Equipment/System Market: Regional Analysis
The North American region leads the global patient monitoring device market. The prime factors for the growth are the increasing number of the geriatric population and the changing unhealthy lifestyles which add to the chronic diseases to the population. Europe is the second market contributor but in the coming years, the global market will show a sluggish growth owing to the reimbursement policies which are uneven, lack of facilities such as a bed in the hospitals and the reducing birth rates are some of the reasons for the downfall of the market. The Asia Pacific region is the region which is showing a steady growth in the patient monitoring device market. The factors for this growth are the population in this region is high as compared to other regions and the rise in the economic stability of the people.
Patient Monitoring Device/Equipment/System Market: Competitive Players
Some of the major companies in the global patient monitoring device market are Abbott Laboratories, GE Healthcare, Nihon Kohden, Philips Healthcare, Honeywell International Inc., Medtronic Plc., LifeWatch, Omron Healthcare, Roche Diagnostics Limited and Siemens Healthcare.
Patient Monitoring Device/Equipment/System Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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