#Mobile Cardiac Telemetry Monitors Market size
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#Mobile Cardiac Telemetry Monitors Market#Mobile Cardiac Telemetry Monitors Market scope#Mobile Cardiac Telemetry Monitors Market size#Mobile Cardiac Telemetry Monitors Market trend
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Patient Monitoring Devices Market 2030: Key Companies and Emerging Trends Analysis
The global patient monitoring devices market size is expected to reach USD 92.8 billion by 2030 and is projected to grow at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The demand in the market is expected to rise owing to the technological advancements in patient monitoring devices along with the growth in the number of hospital admissions globally.
Improving healthcare expenditure across the globe coupled with the rising adoption of remote monitoring systems will also augment the market growth over the forecast period. Many hospitals and healthcare providers are investing in remote patient monitoring technologies as a part of a value-based care model.
Patient monitoring devices help in monitoring and managing high-risk patients that are suffering from chronic diseases and are considered unstable. There has been a rise in the prevalence of chronic diseases such as diabetes, cancer, and hypertension across the world. Over 100 million Americans have hypertension and an increased risk of heart disease, according to the Centers for Disease Control and Prevention (CDC). The need for patient monitoring devices is rising due to the increasing prevalence of these conditions worldwide.
COVID-19 has decreased frequent hospital visits while increasing demand for home monitoring devices. Additionally, the scenario has altered customer demand, buying patterns, and behavior. The necessity to harness and utilize digital infrastructure for remote patient monitoring has been brought into sharp relief by the COVID-19 outbreak. The combination of telehealth & remote patient monitoring is projected to enhance the provision of at-home healthcare.
Gather more insights about the market drivers, restrains and growth of the Global Patient Monitoring Devices Market
Patient Monitoring Devices Market Report Highlights
Due to the technological advancements in multi-parameter patient monitoring, the category for multi-parameter monitoring devices accounted for the greatest revenue share of 23.3% in 2021. Multi-parameter patient monitors are widely used for enhancing the quality of healthcare in both the in-patient wards and intensive care units (ICU)
The blood glucose monitoring devices segment is expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients’ demand for monitoring devices to keep track of their health
Due to the strong demand for various monitoring devices to monitor patients at hospitals, the hospitals segment accounted for the largest revenue share of 51.1% in 2021
North America contributed to the largest revenue share of 42.6% in 2021, owing to the presence of well-established reimbursement policies, dominant market players, high healthcare expenditure, and high adoption rate for advanced medical technologies
Browse through Grand View Research's Medical Devices Industry Research Reports.
Ophthalmic Drug Delivery Systems Market: The global ophthalmic drug delivery systems market size was estimated at USD 15.76 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.
Ocular Trauma Devices Market: The global ocular trauma devices market size was estimated at USD 4.28 billion in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030.
Patient Monitoring Devices Market Segmentation
Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:
Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2018 - 2030)
Blood Glucose Monitoring Systems
Self-monitoring Blood Glucose Systems
Continuous Glucose Monitoring Systems
Cardiac Monitoring Devices
ECG Devices
Implantable Loop Recorders
Event Monitors
Mobile Cardiac Telemetry Monitors
Smart/Wearable ECG Monitors
Multi-parameter Monitoring Devices.
Low-acuity Monitoring Devices
Mid-acuity Monitoring Devices
High-acuity Monitoring Devices
Respiratory Monitoring Devices
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Table-top Temperature Monitoring Devices
Wearable Continuous Monitoring Devices
Invasive Temperature Monitoring Devices
Smart Temperature Monitoring Devices
Hemodynamic/Pressure Monitoring Devices
Hemodynamic Monitors
Blood Pressure Monitors
Disposables
Fetal & Neonatal Monitoring Devices
Fetal Monitoring Devices
Neonatal Monitoring Devices
Neuromonitoring Devices
Electroencephalograph Machines
Electromyography Machines
Cerebral Oximeters
Intracranial Pressure Monitors
Magnetoencephalograph Machines
Transcranial Doppler Machines
Weight Monitoring Devices
Digital
Analog
Other Patient Monitoring Devices
Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2018 - 2030)
Hospitals
Ambulatory Surgery Centers
Home Care Settings
Others
Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Order a free sample PDF of the Patient Monitoring Devices Market Intelligence Study, published by Grand View Research.
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Patient Monitoring Devices Market Size, Share, Growth Analysis And Forecast Report 2030
The global patient monitoring devices market size is expected to reach USD 92.8 billion by 2030 and is projected to grow at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The demand in the market is expected to rise owing to the technological advancements in patient monitoring devices along with the growth in the number of hospital admissions globally.
Improving healthcare expenditure across the globe coupled with the rising adoption of remote monitoring systems will also augment the market growth over the forecast period. Many hospitals and healthcare providers are investing in remote patient monitoring technologies as a part of a value-based care model.
Patient monitoring devices help in monitoring and managing high-risk patients that are suffering from chronic diseases and are considered unstable. There has been a rise in the prevalence of chronic diseases such as diabetes, cancer, and hypertension across the world. Over 100 million Americans have hypertension and an increased risk of heart disease, according to the Centers for Disease Control and Prevention (CDC). The need for patient monitoring devices is rising due to the increasing prevalence of these conditions worldwide.
COVID-19 has decreased frequent hospital visits while increasing demand for home monitoring devices. Additionally, the scenario has altered customer demand, buying patterns, and behavior. The necessity to harness and utilize digital infrastructure for remote patient monitoring has been brought into sharp relief by the COVID-19 outbreak. The combination of telehealth & remote patient monitoring is projected to enhance the provision of at-home healthcare.
Gather more insights about the market drivers, restrains and growth of the Global Patient Monitoring Devices Market
Patient Monitoring Devices Market Report Highlights
Due to the technological advancements in multi-parameter patient monitoring, the category for multi-parameter monitoring devices accounted for the greatest revenue share of 23.3% in 2021. Multi-parameter patient monitors are widely used for enhancing the quality of healthcare in both the in-patient wards and intensive care units (ICU)
The blood glucose monitoring devices segment is expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients’ demand for monitoring devices to keep track of their health
Due to the strong demand for various monitoring devices to monitor patients at hospitals, the hospitals segment accounted for the largest revenue share of 51.1% in 2021
North America contributed to the largest revenue share of 42.6% in 2021, owing to the presence of well-established reimbursement policies, dominant market players, high healthcare expenditure, and high adoption rate for advanced medical technologies
Browse through Grand View Research's Medical Devices Industry Research Reports.
Ophthalmic Drug Delivery Systems Market: The global ophthalmic drug delivery systems market size was estimated at USD 15.76 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.
Ocular Trauma Devices Market: The global ocular trauma devices market size was estimated at USD 4.28 billion in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030.
Patient Monitoring Devices Market Segmentation
Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:
Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2018 - 2030)
Blood Glucose Monitoring Systems
Self-monitoring Blood Glucose Systems
Continuous Glucose Monitoring Systems
Cardiac Monitoring Devices
ECG Devices
Implantable Loop Recorders
Event Monitors
Mobile Cardiac Telemetry Monitors
Smart/Wearable ECG Monitors
Multi-parameter Monitoring Devices.
Low-acuity Monitoring Devices
Mid-acuity Monitoring Devices
High-acuity Monitoring Devices
Respiratory Monitoring Devices
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Table-top Temperature Monitoring Devices
Wearable Continuous Monitoring Devices
Invasive Temperature Monitoring Devices
Smart Temperature Monitoring Devices
Hemodynamic/Pressure Monitoring Devices
Hemodynamic Monitors
Blood Pressure Monitors
Disposables
Fetal & Neonatal Monitoring Devices
Fetal Monitoring Devices
Neonatal Monitoring Devices
Neuromonitoring Devices
Electroencephalograph Machines
Electromyography Machines
Cerebral Oximeters
Intracranial Pressure Monitors
Magnetoencephalograph Machines
Transcranial Doppler Machines
Weight Monitoring Devices
Digital
Analog
Other Patient Monitoring Devices
Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2018 - 2030)
Hospitals
Ambulatory Surgery Centers
Home Care Settings
Others
Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Order a free sample PDF of the Patient Monitoring Devices Market Intelligence Study, published by Grand View Research.
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Refurbished Medical Equipment Market Growth and Size for Strategic Decision-Making
The global refurbished medical equipment market size is expected to reach USD 45.81 Billion in 2032 and register a steady revenue CAGR of 11.8% during the forecast period, according to latest analysis by Emergen Research. Increasing preference for eco-friendly products is a major factor driving market revenue growth of. Benefits of used medical imaging equipment for environment must be emphasized.
The circular economy is supported by refurbishment, a sort of reuse and waste reduction that raises useful lifespan of medical imaging equipment from 5-7 to 10-14 years or even longer. Resources and energy required to produce new equipment are saved by refurbishment. It is critical from an environmental standpoint to maximize service life of imaging scanners due to energy and materials used throughout the production, safety testing, and regulatory compliance processes. For instance, improving Magnetic Resonance Imaging (MRI) scanners and extending their service life maximizes the return on initial investment of energy and materials.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Refurbished Medical Equipment market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Block Imaging, Inc., Soma Tech INTL, Avante Health Solutions, Hilditch Group, EverX Pty. Ltd., Integrity Medical Systems, Inc., and Radiology Oncology Systems
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Emergen Research has segmented the global Refurbished Medical Equipment market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019–2032)
Medical Imaging Equipment
Computerized Tomography (CT) Scanners
Magnetic Resonance Imaging (MRI) Machines
X-Ray Machines
Nuclear Imaging Systems
Ultrasound Systems
Other Medical Imaging Equipment
Operating Room & Surgical Equipment
Anesthesia Machines
Electrosurgical Units
Operating Room Tables & Lights
Surgical Displays
Other Operating Room & Surgical Equipment
Patient Monitors
Multi-Parameter Monitors
Fetal Monitors
Electrocardiography Devices
Pulse Oximeters
Mobile Cardiac Telemetry Devices
Non-Invasive Blood Pressure Monitors
Other Patient Monitors
Cardiology Equipment
Defibrillators
Heart-Lung Machines
Other Cardiology Equipment
Urology Equipment
Dialysis Machines
Lithotripsy Devices
Neurology Equipment
Electromyograph Machines (EMG) Machines
Electroencephalography (EEG) Machines
Intensive Care Equipment
Ventilators
Infant Incubators & Warmers
Intravenous Therapy Systems
Endoscopy Equipment
Other Medical Equipment
Application Outlook (Revenue, USD Billion; 2019–2032)
Diagnostic Applications
Cardiology
Urology
Neurology
Orthopedics
Physiology
Emergency Medicine
Oncology
Obstetrics/Gynecology
Other Diagnostic Applications
Therapeutic Applications
Cardiology
Urology
Neurology
Orthopedics
Physiology
Emergency Medicine
Oncology
Obstetrics/Gynecology
Other Therapeutic Applications
End-Use Outlook (Revenue, USD Billion; 2019–2032)
Hospitals
Diagnostic Imaging Centers
Ambulatory Care Centers
Other End-Use
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Refurbished Medical Equipment Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Refurbished Medical Equipment Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Patient Monitoring Devices Market Industry Share & Growth Analysis
Patient Monitoring Devices Market by Product (EEG, MEG, TCD, Pulse Oximeter, Spirometer, Fetal Monitor, Temperature Monitoring, MCOT, ECG, ICP, ILRs, Blood Glucose Monitoring, Blood Pressure Monitor), End-User (Hospitals, ASCs), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The Patient Monitoring Devices Market size is projected to reach a CAGR of 6.9% from 2022 to 2028.
Patient monitoring systems are used to measure, record, distribute and display combinations of biometric values such as heart rate, blood oxygen saturation levels (SPO2), blood pressure, and temperature. They are used for monitoring patients regularly, which can help avoid serious problems.
Integration of monitoring technologies in smartphones and wireless devices is a key trend in patient care, resulting in the introduction of remote monitoring systems, mobile cardiac telemetry devices, mobile personal digital assistant (PDA) systems, ambulatory wireless EEG recorders, and ambulatory event monitors are some of the factors that have supported long-term expansion for Patient Monitoring Devices Market.
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Regional Analysis
North America commanded the largest share of the patient monitoring devices market during the forecast period. The increasing R&D to develop novel sensor-based patient monitoring systems, rising prevalence of infectious diseases, safety concerns, and technological advancements in patient monitoring devices products are the key factors supporting market growth in North America.
Key Players
Medtronic, Inc.
Biotronik
F. Hoffmann-La Roche Ltd.
GE Healthcare Ltd
Masimo Corporation
Nihon Kohden Corporation
Johnson and Johnson
Omron Healthcare Co. Ltd.
Abbott Laboratories
Koninklijke Philips N.V.
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Recent Developments
In 2020, Medtronic received the US FDA approval for its LINQ II Insertable Cardiac Monitor (ICM). It is implantable devices for determining the irregular heart rythm.
In 2020, Medtronic and Tandem Diabetes Care, Inc underwent patent cross-license agreement, as per which both companies can cross-license each other’s patent portfolio for five years and jointly focus on innovating new products and services for diabetes management.
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Gain authentic and granular data access for Patient Monitoring Devices Market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Report Scope
Patient Monitoring Devices Market is segmented into product, end-user and region.
On the basis of Product
Blood Glucose Monitoring System
Cardiac Monitoring Devices
Respiratory Monitoring Devices
Temperature Monitoring Devices
Hemodynamic/Pressure Monitoring Devices
Fetal & Neonatal Monitoring Devices
Neuromonitoring Devices
Weight Monitoring Devices
Other Patient Monitoring Devices
On the basis of End-User
Hospitals
Ambulatory Surgery Centers
Home Care Settings
Other End Users
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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The Patient Monitoring Devices Market report answers a number of crucial questions, including:
Which companies dominate the Patient Monitoring Devices Market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the market economy globally?
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Ambulatory Arrhythmia Monitoring Devices Market 2023-2030
The global ambulatory arrhythmia monitoring devices market size is projected to expand steadily owing to rising prevalence of cardiac arrhythmia, shares Fortune Business Insights™ in its report, titled “Ambulatory Arrhythmia Monitoring Devices Market Size, Share & Industry Analysis, By Device Type (Resting ECG, Event Monitor, Implantable Cardiac Monitor, Holter Monitor, Mobile Cardiac Telemetry Devices, Others), By Application (Tachycardia, Bradycardia, Atrial Fibrillation), By End-User (Hospitals & Clinics, Diagnostic Centers, Ambulatory Surgical Centers)and Regional Forecast, 2023-2030”.
According to the International Journal of Stroke, 3.046 million new cases of atrial fibrillation, the most common form of cardiac arrhythmia, were registered in the Global Health Data Exchange database in 2017. Moreover, studies published in the journal predict that this condition will affect roughly 9 million people in the US by 2050 and approximately 18 million people in Europe by 2060. Ambulatory arrhythmia monitoring devices enable doctors and emergency medical responders to keep track of a patient’s heartbeat patterns outside the hospital or any outpatient setting. Since these devices allow remote and prolonged monitoring of unusual heart behaviour in a patient, their adoption is expected to rise as cardiac complications become more widespread.
The COVID-19 pandemic has crunched economic activities, affecting industries and businesses around the world. Lockdowns and social distancing have fanned fears about an imminent economic recession, and have disrupted supply chain networks, pushing down demand for goods and services globally. Governments are taking several efforts to mitigate the damage caused by this pandemic, but uncertainty continues to be prevalent. However, collective strength and unity will help us tide over these hard times. At Fortune Business Insights, we are constantly striving to develop comprehensive research reports on various markets so as to equip your business with the necessary intelligence to emerge victorious on the other side of this crisis.
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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Cardiac Arrhythmia Monitoring Devices Market Demand, Overview, Size, Trend - Becton, Dickinson and Company, Boston Scientific Corporation, Endomed Systems
The global cardiac arrhythmia monitoring devices market was valued at USD 6.4 billion in 2021 and it is anticipated to grow up to USD 10.3 billion by 2031, at a CAGR of 5.5% during the forecast period.
Cardiac arrhythmia monitoring devices are mainly used for monitoring patients with high risk of arrhythmic conditions. These devices help healthcare professionals in monitoring irregular heartbeat for better diagnosis and treatment of CVD patients to reduce associated mortalities.
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Market Trends and Drivers
Development of technologically advanced monitoring devices including wireless monitors that offers benefit of early detection is expected to augment the industry growth. The use of cardiac rhythm monitoring (CRM) devices has significantly surged in the recent years due to rising life expectancy and constant advancements that have extended their abilities and scope.
Recent developments in CRM devices are positively impacting the rate of product approval in developed markets that will further strengthen the industry growth potential. For instance, Medtronic has received approval for its exclusive device named CareLink SmartSync Device Manager that assists healthcare professionals to program and handle data from its BlueSync-equipped implanted CRM device. Thus, aforementioned industry developments are anticipated to impel the market expansion.
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Cardiac Arrhythmia Monitoring Devices Market Segmentation
By Product
Holter Monitor
Event Recorder
Mobile Cardiac Telemetry
Implantable Cardiac Monitor
Electrocardiogram (ECG) Monitor
Others
By Application
Tachycardia
Bradycardia
Premature Contraction
Others
By End-user
Hospitals and Clinics
Diagnostic Centers
Ambulatory Surgical Centers
Homecare Settings
Others
Major Players in the Global Cardiac Arrhythmia Monitoring Devices Market
The key players in the cardiac arrhythmia monitoring devices market are Applied Cardiac Systems, AliveCor, Biotronik, Biotricity, GE Healthcare, iRhythm Technologies, Koninklijke Philips N.V., Medtronic plc., Nihon Kohden Corporation, and St. Jude Medical, among others.
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Mobile Cardiac Telemetry Systems Helped COVID-19 Patients Taking Azithromycin And Hydroxychloroquine Medication
The global mobile cardiac telemetry systems market size is expected to reach USD 2.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 12.1% from 2022 to 2030. Increasing prevalence of the cardiovascular disorder, need for effective arrhythmia management, and technological advancement in telemetry devices are driving the market.
Increasing demand for real-time cardiac monitoring and self-care management is boosting the demand for mobile cardiac telemetry devices. In addition, the presence of advanced healthcare infrastructure, high disposable income in the developed countries is further propelling the revenue. Moreover, these devices were found to help monitor COVID-19 patients taking azithromycin and hydroxychloroquine medication which is expected to boost the market revenue. The market is technology-driven and the key industry players are continuously trying to develop user-friendly devices to sustain their market share.
Gain deeper insights on the market and receive your free copy with TOC now @: Mobile Cardiac Telemetry Systems Market Report
The mobile cardiac telemetry devices read cardiac rhythm with the help of external devices consisting of metal sensors. In addition, some of the monitoring functions offered by smartphones use photo-plethysmography through phone cameras to detect atrial fibrillation. In a study published in December 2017, wireless ECG delivered a performance accuracy of 91.62% corresponding to hospital diagnostic standards while providing portable monitoring.
In April 2020, Medicomp, Inc. partnered with the Lenox Hill Hospital to monitor heart's electrical conduction of COVID-19 patients with certain medication by its TelePatch- Mobile Cardiac Telemetry (MCT), which is expected to increase the adoption of this device in the forthcoming years.
#Mobile Cardiac Telemetry Systems Market Size & Share#Global Mobile Cardiac Telemetry Systems Market#Mobile Cardiac Telemetry Systems Market Latest Trends#Mobile Cardiac Telemetry Systems Market Growth Forecast#COVID-19 Impacts On Mobile Cardiac Telemetry Systems Market#Mobile Cardiac Telemetry Systems Market Revenue Value
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Patient Monitoring Market: Trends, Growth, Demand, Opportunities and Forecast to 2030
In this report, key players, market shares, market sizes, growth drivers, and company profiles are analyzed in-depth. A comprehensive analysis of the global Patient Monitoring market's growth, trends, demand, and recent changes is provided in this research report.
Additionally, the report highlights product launches, market expansion, strategic growth analysis, market potential analysis, and technological advances. The study reveals market size, prospective expansion, trends, and the expansion plans of leading competitors.
This report provides valuable insights into the competition's positioning, current market scope, market potential, and growth rates.
In this report, we provide in-depth information on the leading players in the global market for Patient Monitoring in the coming years. These key participants have adopted a number of business strategies in order to gain a stronghold in the global Patient Monitoring market. This will assist other businesses in understanding how market leaders maintain dominance and expand their customer bases to hold a majority share of the global Patient Monitoring market.
In the Patient Monitoring market, major players include:
ABBOTT LABORATORIES, Baxter international (Hikma Pharmaceuticals PLC), Becton, Dickinson & Company, Boston Scientific Corporation, General Electric Co, Koninklijke Philips N.V., Johnson & Johnso, Masimo Corporation, Medtronic PLC, Omron Corporation.
In this study, we will investigate how COVID-19 affected and changed the global Patient Monitoring market landscape. There are several factors considered in the study, including demand, consumption, transportation, consumer behavior, supply chain management, exports and imports, and manufacturing. Analysts have also pointed out the essential elements that can help businesses identify opportunities in the near future and stabilize the sector.
A neutral viewpoint on market performance, recent industry trends and developments, the competitive landscape and the key players' strategies, potential and niche segments, and geographical regions contributing to the emergence of promising growth are some of the main advantages discussed in this study report.
The report also provides historical, current, and future sizes of the market. An in-depth analysis of the Patient Monitoring market and a geographic forecast are included in the same.
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By Product, the global Patient Monitoring market can be divided into:
Cardiac Monitoring Devices
Mobile Cardiac Telemetry Monitors
Electrocardiogram (ECG) Devices
Implantable Loop Recorders
Event Monitors
Smart/Wearable ECG Monitors
Blood Glucose Monitoring Systems
Self-Monitoring Blood Glucose Systems
Continuous Glucose Monitoring Systems
Hemodynamic/Pressure Monitoring Devices
Hemodynamic Monitors
Blood Pressure Monitors
Disposables
Multi-Parameter Monitoring Devices
Low-Acuity Monitoring Device
Mid-Acuity Monitoring Devices
High-Acuity Monitoring Devices
Respiratory Monitoring Devices
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
Temperature Monitoring Device
Handheld Temperature Monitoring Devices
Table-Top Temperature Monitoring Devices
Wearable Continuous Monitoring Devices
Invasive Temperature Monitoring Devices
Smart Temperature Monitoring Devices
Fetal & Neonatal Monitoring Devices
Neonatal Monitoring Devices
Fetal Monitoring Devices
Neuromonitoring Devices
Electroencephalograph (EEG) Machines
Electromyography Machines
Cerebral Oximeter
Intracranial Pressure (ICP) Monitors
Magnetoencephalography (MEG) Machines
Transcranial Doppler (TCD) Machines
Weight Monitoring Devices
Digital
Analog
Others Devices
By Type, the global Patient Monitoring market can be divided into:
Conventional
Wireless
The global Patient Monitoring market is segmented according to region as follows:
North America
U.S
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Indonesia
Rest of Asia-Pacific
RoW
Latin America
Middle East
Africa
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In the latest study, all of the critical features of the global Patient Monitoring industry have been thoroughly investigated. It covers everything from a macro-level market overview to a micro-level analysis of market size, competition, development trends, niche markets, important market drivers and challenges, SWOT analysis, Porter's five force analysis, value chain analysis, etc.
The study report covers regional (country), manufacturer, type, and application-specific segments. Markets are segmented by their type, end-users, applications, and regions, among other factors.
It is important for the decision-maker to have a thorough understanding of the market segments so as to be able to target products, sales, and marketing strategies accordingly. Product development can be advanced by guiding businesses on how to develop product offerings for various market segments.
This market research report contains statistics, tables, and graphs that can be used by key stakeholders to develop plans to support the company's success. This report includes an in-depth analysis of the Patient Monitoring market for each of the major geographic regions, including North America, Asia-Pacific, Latin America, the Middle East, and Africa.
Several global regions are examined in the global Patient Monitoring report in order to understand global market dynamics.
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Global Network Connected Medical Devices Market Size & Share Analysis Report by 2027 | VynZ Research
The Global Network Connected Medical Devices Market was valued at US$ 21.0 billion and it is expected to reach with a strong CAGR of 6.8% during the 2021-2027. In order to achieve the targeted revenue, the market report employs significant and insightful statistics of historical and forecasted data based on growth drivers, challenges and restraints. The report also evaluates the opportunities including technical and government supports for the entrants to joins the market comprehensively.
According to the VynZ Research, the Global Network Connected Medical Devices Market size is sub-divided into multiple segments and each segment-wise analysis provides details regarding reasons behind the segment-wise expansion, CAGR, volume, revenue, production, consumption, sales, manufacturing cost, pricing, factors affecting the geographical growth rate.
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The list of major key players of the Global Network Connected Medical Devices Market is mentioned in "Competitive insight" along with a thorough overview of their strategies and contribution to the growth plan. Additionally, it provides details on the advantages and disadvantages, institutional growth, cutting-edge discoveries, mergers and acquisitions, expansion plans, footprint, market presence, and product portfolios of the key rivals in the market. Some of the leading market players covered in this global market report are: -
Nonin Medical Inc.
NuvoAir AB
Koninklijke Philips N.V.
Hoffmann-La Roche Ltd.
PhysIQ Inc.
General Electric Company
Drgerwerk AG & Co. KGaA
Fresenius Medical Care AG & Co. KGaA
Medtronic plc
Myontec Ltd.
OxyGo LLC
Proteus Digital Health Inc.
Aerotel Medical Systems Ltd.
Aero Healthcare AU Pty Ltd.
OMRON Corporation
Hill-Rom Holdings Inc.
Market segment
This report bifurcates the global market into following categories: -
By Product
Patient Monitoring Devices
Glucose Monitors
Insulin Pumps
Dialysis
Continuous Positive Airway Pressure (CPAP) Machines
Infusion Pumps
Defibrillators
Ventilators
Smart Beds
Oxygen Tanks
Coagulation Testing
Blood Processing Devices
Computed Tomography (CT) Scanners
X-Ray Imaging Systems
Ingestible Sensors
Cardiac Monitoring Devices
Respiratory Monitoring Devices
Neuromonitoring Devices
Multi-Parameter Monitoring Devices
Hemodynamic Monitoring Devices
Temperature Monitoring Devices
Weight Monitoring Devices
Mobile Cardiac Telemetry Monitors
Electrocardiogram (ECG)
Pacemakers
Implantable Loop Recorders
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
Electroencephalograph (EEG)
Electromyograph (EMG)
By Connectivity Technology
Bluetooth-Low Energy (BLE)
Wi-Fi
Near Field Communication (NFC)
Cellular
Satellite
ZigBee
Reason to buy this report
This research report is unbiased and gives the deep insight of market statistics including information on the main market trend and the projected size of the worldwide market based on regional and competitive analyses. The growth of the market has been aided by a number of variables, which are also discussed in this market research report. The report also covers the most innovative and effective techniques for gathering, compiling, estimating, and analyzing market data.
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Growing Popularity of Exclusive Report of Global Mobile Cardiac Telemetry Monitors Market.
#Mobile Cardiac Telemetry Monitors Market.#Mobile Cardiac Telemetry Monitors Market. scope#Mobile Cardiac Telemetry Monitors Market. size#Mobile Cardiac Telemetry Monitors Market. share#Mobile Cardiac Telemetry Monitors Market. trend#Mobile Cardiac Telemetry Monitors Market. opportunities#Mobile Cardiac Telemetry Monitors Market. analysis
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Electrocardiograph Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2026
The global electrocardiograph market size is expected to reach USD 9.44 Billion in 2028 and register a CAGR of 5.8%, according to the latest report by Reports and Data. Advancements in the healthcare sector, introduction of portable devices, and increasing adoption of Artificial Intelligence (AI) in medical devices are key factors driving global market revenue growth.
An electrocardiograph (ECG) is an instrument that records electric activity of the heart. Increasing incidence of cardiovascular diseases such as stroke, ischemic heart disease, atrial fibrillation, heart failure, peripheral artery diseases, and other complications and rising need for cardiac monitoring devices is boosting demand for electrocardiographs. Increasing adoption of sedentary lifestyle, increasing geriatric population, unhealthy eating habits, excess consumption of alcohol and availability of advanced EGC devices, and high adoption of ambulatory surgical centers are boosting global market growth. In addition, improving healthcare infrastructure, favorable reimbursement scenario, and increasing healthcare expenditure are also fueling market revenue growth. Favorable government support, improving healthcare facilities, and increasing investments to develop enhanced products are expected to fuel global market growth in the coming years.
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The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.
Key Companies in the market include:
Mortara Instrument, INC., GE Healthcare (General Electric Company), Mindray Medical International Limited, Medtronic, OPTO Circuits Limited, OSI Systems Fukuda Denshi CO LTD, Philips Healthcare (Koninklijke Philips N.V.), Schiller AG, Spacelabs Healthcare and Nihon Kohden Corporation.
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Market segment analysis:
Device Type Outlook (Revenue, USD Billion; 2016-2026)
Wireless Holter Monitors
Wired Holter Monitors
Technology Type Outlook (Revenue, USD Billion; 2016-2026)
Automatic Diagnosis and Anatomical Detection
Mobile Cardiac outpatient telemetry (MCT/MCOT)
Electronic ECG management system
Smart Wearable ECG Monitors
Artificial Intelligence
Lead type Outlook (Revenue, USD Billion; 2016-2026)
Single Lead
3-6 Lead
12-Lead
Distribution channel Type Outlook (Revenue, USD Billion; 2016-2026)
Offline
Online
Application Type Outlook (Revenue, USD Billion; 2016-2026)
Atrial Fibrillation
Ventricular Fibrillation
Myocardial ischemia
Myocardial infarction
Hyperkalemia
Hypokalemia
End-user Outlook (Revenue, USD Billion; 2016-2026)
Hospitals
Ambulatory Surgical Centers
Homecare Settings
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Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
Mexico
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
China
India
Japan
South Korea
Rest of APAC
Brazil
Rest of LATAM
Saudi Arabia
A.E.
South Africa
Rest of MEA
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Key Features of the Global Electrocardiograph Market Report:
Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
Identification and analysis of significant trends and factors driving revenue growth of the market
Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
Assessment of each market segment along with their growth trends and market revenue contribution
Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks
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Patient Monitoring Devices Market Indicates Impressive Growth Rate In Healthcare And Pharmaceuticals Temperature Monitoring Industry
According to the new market research report “Patient Monitoring Devices Market by Product (EEG, MEG, TCD, Pulse Oximeter, Spirometer, Fetal Monitor, Temperature Monitoring, MCOT, ECG, ICP, ILRs, Blood Glucose Monitoring, Blood Pressure Monitor), End-User (Hospitals, ASCs) – Global Forecast to 2025″, published by MarketsandMarkets™, the Patient Monitoring Devices Market is projected to reach USD 55.1 billion by 2025 from USD 36.4 billion in 2020, at a CAGR of 8.6% during the forecast period.
Browse in-depth TOC on “Patient Monitoring Devices Market” 328 – Tables 39 – Figures 354 – Pages
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The growth of this market is mainly driven by the growing number of hospitals across major markets, increasing awareness about vital parameter monitoring for treatment and diagnosis of chronic diseases coupled with the increasing adoption of wearable and wireless patient monitoring devices for homecare. Moreover, rising R&D investments by the key players operating in the market to develop advanced monitoring devices coupled with growing funding & grants for commercialization and development of monitoring devices are other important factors to drive the market growth in the near future.
As a result of the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the patient monitoring devices (such as neuromonitoring devices, weight monitoring devices) diminished as hospitals became primarily focused on the COVID-19 pandemic. The pandemic has led to a significant increase in the demand for remote monitoring and patient engagement solutions. COVID-19 has led to a significant surge in demand for patient monitoring systems, and manufacturers are increasingly focusing on expanding production to meet the increasing need for respiratory monitoring devices, multi-parameter monitoring devices, blood glucose monitoring devices, cardiac monitoring devices, temperature monitoring devices, hemodynamic/pressure monitoring devices, and fetal/neonatal monitoring devices.
The ECG devices sub segment of cardiac monitoring devices products to hold major market share by 2025
Based on the product, the patient monitoring device market is segmented into blood glucose monitoring systems, cardiac monitoring devices, multiparameter monitoring devices, respiratory monitoring devices, temperature monitoring devices, hemodynamic/pressure monitoring devices, fetal and neonatal monitoring devices, neuromonitoring devices, weight monitoring devices and other patient monitoring devices. The cardiac monitoring devices products segment is further divided into ECG devices, event monitors, implantable loop recorders (ILRs), mobile cardiac telemetry (MCT) monitors, and smart/wearable ECG monitors. Among the cardiac monitoring devices products, the ECG devices segment held a major share of the market in 2019. The wide applications of ECG devices in CVD management are a major factor contributing to the growth of this market segment. Other factors supporting market growth include the low cost of ECG devices and the simplicity, easy-to-access nature, and compact & ergonomic design of these devices.
Based on product, the blood glucose monitoring systems segment is expected to account for the largest share of the patient monitoring devices market in 2019
Based on type, the blood glucose monitoring systems market has been segmented into the self-monitoring blood glucose systems and continuous glucose monitoring system. Among these, the self-monitoring blood glucose systems sub-segment dominated the market in 2019. The major share of the segment is attributed to the rising adoption of integrated blood glucose monitoring systems in developing as well as developed countries. New products have been introduced in the market that allow for easier result interpretation. LifeScan, for example, launched the OneTouch Verio Flex in 2016, which comes with the ColorSure technology to determine if blood glucose levels are low or high. Many manufacturers offer smartphone-connected meters that allow information transfer using Bluetooth. Request for sample pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=678 North America is expected to dominate the global patient monitoring market in 2019
North America, comprising the US and Canada, accounted for the largest share of the patient monitoring devices market in 2019. Increasing number of clinical trials validating patient monitoring devices and a growing number of approvals for patient monitoring. Are the major factors driving market growth in North America. Customers in North America are moving towards homecare patient monitoring, which requires non-invasive patient monitoring devices. This trend will have a positive impact on the market.
Abbott Laboratories (US), HILL-ROM HOLDINGS, INC. (US), Drägerwerk AG & Co. KGaA (Germany), Edwards Lifesciences Corporation (US), OMRON Corporation (Japan), Masimo Corporation (US), Compumedics Limited (Australia), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Nihon Kohden Corporation (Japan), Natus Medical (US), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Getinge AB (Sweden), Boston Scientific Corporation (US), Dexcom, Inc. (US), Nonin (US), BIOTRONIK (Germany), SCHILLER (Switzerland), and BioTelemetry, Inc. (US), among othersare some of the major players operating in the global patient monitoring devices market.
Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting
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Respiratory Care Devices Market by Product (Therapeutic (Ventilator, Mask, PAP Device, Inhaler, Nebulizer), Monitoring (Pulse Oximeter, Capnograph), Diagnostic, Consumables), End-User (Hospital, Home Care), Indication – Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/respiratory-care-368.html
Cardiac Monitoring & Cardiac Rhythm Management Devices Market By Product CM (ECG (Holter Monitor), ILR, Event Monitor)), CRM ((Defibrillator (ICD) External (AED)), Pacemaker (CRT P, Dual Chamber Pacemaker)), End User – Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/cardiac-monitoring-advanced-technologies-and-global-market-55.html
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Mobile Cardiac Telemetry Systems Market To Surge Beyond $1.58 Billion By 2025
The global mobile cardiac telemetry systems market size is expected to reach USD 1.58 billion by 2027, registering a CAGR of 11.3% during the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of cardiovascular disorder, need for effective arrhythmia management, and technological advancement in telemetry devices are driving the market growth.
Increasing demand for real-time cardiac monitoring and self-care management are boosting the demand for mobile cardiac telemetry devices. In addition, presence of advanced healthcare infrastructure, high disposable income in the developed countries is further propelling the revenue. Moreover, these devices found to be helpful in monitoring COVID-19 patients taking azithromycin and hydroxychloroquine medication which is expected to boost the market revenue. The market is technology driven and the key industry players are continuously trying to develop user friendly devices to sustain their market share.
In April 2020, Medicomp, Inc. partnered with the Lenox Hill Hospital to monitor heart's electrical conduction of COVID-19 patients with certain medication by its TelePatch- Mobile Cardiac Telemetry (MCT), which is expected to increase the adoption of this device in the forthcoming years
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Mobile Cardiac Telemetry Systems Market Report Highlights
In terms of revenue, lead based dominated the application segment in 2019 owing to its accuracy and ease of use. Moreover, the product is cost-effective as compared to patch-based which is further propelling the demand
Patch based segment is expected to show lucrative growth over the forecast period. The growth can be attributed to its increased adoption in outpatient facilities and ambulatory centers
On basis of end use, hospitals held the largest revenue share in 2019 owing to increased number of minimally invasive surgeries within these facilities
The cardiac centers segment is expected to witness the fastest growth over the forecast period owing to its associated advantages such as reduced wait times, availability of skilled professionals and shorter stay duration
Mobile Cardiac Telemetry Systems Market Segmentation
Grand View Research has segmented the global mobile cardiac telemetry systems market on the basis of application, end use, and region:
Mobile Cardiac Telemetry Systems Application Outlook (Revenue, USD Million, 2016 - 2027)
Lead-based
Patch-based
Mobile Cardiac Telemetry Systems End-use Outlook (Revenue, USD Million, 2016 - 2027)
Hospitals
Cardiac Centers
Others
Mobile Cardiac Telemetry Systems Regional Outlook (Revenue, USD Million, 2016 - 2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
U.S.
Canada
U.K.
Germany
France
Italy
Spain
Japan
China
India
Australia
Brazil
Mexico
South Africa
Saudi Arabia
List of Key Players of Mobile Cardiac Telemetry System Market
BioTelemetry, Inc.
ScottCare
Biotricity Inc
Welch Allyn
Applied Cardiac Systems Inc
Medicomp Inc.
Preventice Solutions
Telerhythmics LLC
Zoll Medical Corporation
iRhythm Technologies, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Global Patient Monitoring Devices Market Size and Share is Projected to Reach Worth USD 68.4 Billion in 2027 | BlueWeave
A recent study conducted by BlueWeave Consulting revealed that the Global Patient Monitoring Devices Market was worth USD 36.6 Billion in 2020 and is projected to grow at a CAGR of 9.6% during the forecast period earning revenue of around USD 68.4 Billion by the end of 2027. The healthcare industry has been transformed as a result of the involvement of technology pioneers tapping into the rapid patient monitoring market. Due to the regular monitoring of vital indicators such as heart rate, spO2, blood pressure, and temperature, there has been a boost in demand for patient monitoring devices recently, propelling patient monitoring devices market growth. Several remote patient monitoring devices, including Mitra, DexCom, and Riverfield, are designed particularly for sample collection at home, making it easier and more cost-effective.
The recent outbreak of the COVID-19 pandemic has also increased the demand for this market across all its end-users. The integration of IoT in monitoring devices, availability of wearables, and other innovations like radar have further created new market opportunities. However, the high cost of products has caused a challenge in the growth of the patient monitoring devices market. Moreover, the market is regulated by stringent government laws, which leads to competition in price among competitors and acts as a restraint in the market's revenue in many regions.
Technological Advancements Creating New Market Opportunities
Due to the overburden in the healthcare sector, there has been an increasing need for incorporating technology-based inpatient care, which is driving the growth of the patient monitoring devices market. Patient monitoring devices have elevated patient care with the benefit of accurate, constant monitoring and diagnosis. The introduction of telemonitoring has helped track vitals and analyze data in real-time, even using mobile medical devices. Recent advancements in micro-/nanofabrication and wireless communication have enabled the launch of many wearable electrochemical sensors. Such technical innovations are creating new opportunities for the market to grow. For example, healthcare start-up ‘Dozee’, in March 2021, launched a contactless remote patient monitoring solution for hospitals. The start-up, which offers an AI-powered triaging technology that allows remote monitoring of patients outside of the ICU, hopes to work with over 500 hospitals in the next 12 months.
Need for Constant Monitoring Leading to Demand for Market
Patients who undergo surgeries require constant monitoring of their vital signs like heart rate, spO2 level, breathing, glucose level, body temperature, etc. Over the past decade, many patients have suffered complications and died due to respiratory depression because they were not regularly monitored. Such issues have created a demand for patient monitoring devices across all healthcare sectors. Other benefits offered by these devices are reduction in intensive care unit utilization, easy alert mechanisms, and reduced patient-staff contact. With the application of remote patient monitoring devices, patient care is now possible in the comfort of one's home which is proliferating market growth. Wearable, glucose monitors, heart rate monitors, Bluetooth-enabled scales, skin patches, belts, shoes, or maternity trackers gather, transmit, process, and store information about the patient, allowing clinicians to extract the data at the appropriate time, which enables constant monitoring.
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Cardiology Segment Dominates the Market
Based on the application, the patient monitoring devices market is categorized into cardiology, neurology, respiratory, fetal & neonatal, weight management, and fitness monitoring. Due to the growing demand for cardiac monitoring devices, the cardiology segment held the largest share of the global market in 2020. The rising number of cardiac cases around the world is one of the factors boosting this segment's popularity. As per American Heart Association Research Report 2019, about 92.1 million American adults live with some form of cardiovascular disorder or after-effects of stroke, which created a demand for cardiology applications of patient monitoring devices market. According to the WHO, approximately 17.9 million lives are lost globally each year due to cardiovascular diseases (CVDs). Among the numerous pathologies affecting the heart and blood vessels are coronary heart disease, cerebrovascular disease, rheumatic heart disease, and others. Deaths resulting from CVD are caused by heart attacks and strokes four out of five times.
Impact of COVID-19
During the COVID-19 epidemic, the market for patient monitoring devices grew even faster. Its popularity has grown among many end-users since it helps reduce patient-staff contact. Patient care is currently heavily reliant on patient monitoring devices due to coronavirus infection exposure. Additionally, this has enabled patients to remain at home while still caring for their health and communicating with their doctors. Manufacturers have also accelerated output as a result of rising demand. As a result of the pandemic, people all across the globe are increasingly becoming health-conscious. Consequently, during the pandemic, demand for weight management gadgets, fitness trackers, blood glucose monitoring devices, and other equipment soared as a result of the shift to preventive healthcare.
North American Region Leading the Market
On a regional basis, the patient monitoring devices market is categorized into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. North America dominated the global market with the largest share in 2020. The demand for the market in this region can be attributed to the wide acceptance of wireless and portable patient monitoring systems. In addition, the government is actively funding research and development in the field of patient monitoring equipment. The North American region was the largest consumer of the patient monitoring devices market during the COVID-19 pandemic, which helped the region to limit its virus exposure rate. However, the Asia-Pacific region is anticipated to witness growth during the forecast period. The rising prevalence of cardiovascular diseases in this region has created a considerable demand for the patient monitoring devices market, especially in the cardiology segment. Japan is the leading country in the market due to the presence of the vital player Omron Healthcare.
Competitive Landscape
The market for patient monitoring equipment is fiercely competitive, with government regulators enforcing price controls. The key players dominating the market are Medtronic plc, Abbott Laboratories, Dragerwerk AG & Co. KGaA, Edwards Lifesciences Corporation, GE Healthcare, OMRON Corporation, Masimo Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Nihon Kohden Corporation, Natus Medical, Koninklijke Philips N.V., Getinge AB, Boston Scientific Corporation, Dexcom, Inc., Nonin Medical, Inc., Biotronik, Bio Telemetry, Inc., Schiller AG, F. Hoffmann-La Roche Ltd., Hill- Rom Holdings, Inc., and other prominent players. Since the prices in the market are regulated by government regulatory bodies, market players are adopting collaborations, joint ventures, and acquisitions to remain dominant in the market. They also frequently collaborate with educational organizations and hospitals to create awareness about patient monitoring devices.
Don’t miss the business opportunity of the global patient monitoring devices. Consult our analysts to gain crucial insights and facilitate your business growth.
The report's in-depth analysis provides information about growth potential, upcoming trends, and statistics of the global patient monitoring devices. It also emphasizes the aspects that influence total market size forecasts. The study offers to provide recent technology developments as well as industry insights to assist decision-makers in making sound strategic decisions in the global patient monitoring devices market. In addition, the report examines the market's growth drivers, restraints, and competitive dynamics.
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Arrhythmia Monitoring Devices Market SWOT Analysis and Key Growth Methodologies By 2027
Arrhythmia Monitoring Devices Market Analysis
The global arrhythmia monitoring devices market is predicted to touch USD 8,087.4 million at a 6.44% CAGR over the forecast period (2016-2024), in accordance to the latest Market Research Future (MRFR) report. An arrhythmia, simply put, is an irregular heartbeat, it may beat irregularly, too slowly, too early, or too fast. An arrhythmia monitoring device is used to track the functions of the heart and report abnormalities if any in the normal rhythm. Holter monitor, mobile cardiac telemetry, resting ECG, event monitor, and implantable cardiac monitor are the different types of arrhythmia monitoring devices.
Various factors are propelling the arrhythmia monitoring devices market trends. These factors, in accordance with the MRFR report, include rising use of telecardiology, portability, and ease of use, development of smart cardiac monitors, rising incidences of patients with cardiac ailments, and favorable reimbursement policies. Growing use of low-cost ECG services, the growing emphasis on the development of cost-effective healthcare devices, advancements in arrhythmia monitoring devices, rising incidences of cardiovascular diseases, favorable government policies especially for startup companies, and rising focus on healthcare cost containment are also propelling market growth.
On the contrary, complications related to such devices and rise in recalls of arrhythmia monitoring devices are factors that may impede the arrhythmia monitoring devices market growth over the forecast period.
Arrhythmia Monitoring Devices Market Key Players
Leading players profiled in the arrhythmia monitoring devices market report include Spacelabs Healthcare (US), Fukuda Denshi Co. Ltd (Japan), Nihon Kohden Corporation (Japan), Alive Cor, Inc. (US), Applied Cardiac Systems, Inc. (US), BioTelemetry, Inc. (US), GE Healthcare (US), Medtronic plc (Ireland), Abbott Laboratories (US), and Biotronik (Germany). Key players are incorporating different strategies to create a niche in the market, such as collaboration, mergers and agreements, partnerships, product innovations, product launches, and others.
May 2019: Abbot has launched a smarter, new heart monitor, Confirm Rx ICM (insertable cardiac monitor) for better detection of an arrhythmia. This paperclip-sized implantable device combines remote monitoring and smartphone connectivity for tracking unpredictable heart rhythms for accurate and fast diagnosis. This is the only ICM till date that syncs to the Smartphone through a Bluetooth and right away transmits to the doctor the needed information for quickly identifying irregular heartbeats. This mobile app will help to eliminate the requirement for an extra transmitter. Above all, this health technology is user-friendly and translated into about 40 languages.
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Arrhythmia Monitoring Devices Market Segmentation
The MRFR report provides a complete segmental analysis of the arrhythmia monitoring devices market report on the basis of end user, application, and device type.
Based on device type, the arrhythmia monitoring devices market is segmented into mobile cardiac telemetry (MCT) devices, Holter monitor, implantable cardiac monitor (ICM), event monitor, resting ECG, and others. Of these, the Holter monitor segment will have the largest share in the market over the forecast period.
Based on application, the arrhythmia monitoring devices market is segmented into conduction disorders, premature ventricular contractions (PVC), ventricular fibrillation (V-fib), atrial fibrillation (A-fib), bradycardia, tachycardia, and others. Of these, the atrial fibrillation segment will dominate the market over the forecast period.
Based on end user, the arrhythmia monitoring devices market is segmented into ambulatory surgery centers (ASC), home care settings, diagnostic centers, hospitals and clinics, and others. Among these, hospitals and clinics will have the maximum share in the market over the forecast period.
Arrhythmia Monitoring Devices Market Regional Analysis
By region, the arrhythmia monitoring devices market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will lead the market over the forecast period. This is owing to growing awareness made by various private firms and government organizations and increasing prevalence of cardiac ailments.
The arrhythmia monitoring devices market in Europe is predicted to have the second-largest share in the market over the forecast period. This is on account of the growing prevalence of cardiac disorders in the region.
The arrhythmia monitoring devices market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is on account of the rising disposable income and developing healthcare infrastructure.
The arrhythmia monitoring devices market in the MEA will have a steady growth over the forecast period owing to limited access as well as healthcare affordability.
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