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Global Patient Monitoring Market is Expected to Hit $37.19 billion by 2025 at 6.4%.CAGR: Allied Market Research

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Global Patient Monitoring Market is Expected to Hit $37.19 billion by 2025 at 6.4%.CAGR: Allied Market Research

September 05
17:03 2019
Global Patient Monitoring Market is Expected to Hit $37.19 billion by 2025 at 6.4%.CAGR: Allied Market Research

Patient Monitoring Market
Remote patient monitoring devices segment is expected to be the most lucrative segment for investment in the patient monitoring devices market trends for the new and existing players as it is a next-generation monitoring technology that enables continuous patient monitoring from a remote location.

Patient Monitoring Devices Market by Product, and End User – Global Opportunity Analysis and Industry Forecast, 2018–2025

Global Patient Monitoring Market is expected to garner $ 37.19 billion by 2025, registering a CAGR of 6.4%.

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Growth Drivers and Industry Trends

Global patient monitoring market is divided on the basis of product, end user, and geography. Based on product, the market is segmented into hemodynamic, neuromonitoring, cardiac, fetal & neonatal, respiratory, multiparameter, remote patient, weight, temperature, and urine output monitoring devices. The cardiac monitoring devices segment held the largest share in 2017, contributing more than one-fourth of the total market, owing to rise in cardiovascular diseases due to sedentary lifestyle and growth in geriatric population. However, the remote patient monitoring devices segment is projected to manifest the fastest CAGR of 14.5% during the forecast period, as it does not require the intervention of healthcare professionals.

Segmentation Analysis of the Industry

Based on end user, the market is bifurcated into hospitals & clinics, home settings, and ambulatory surgical centers. The home settings segment is expected to portray the fastest CAGR of 7% during through 2025, owing to rise in adoption of remote patient monitoring devices at home care setting and increase in awareness regarding availability of monitoring devices that could be used in patient’s home. However, the hospitals segment dominated the market in terms of revenue generation, contributing more than half of the total market.

On the basis of geography, the market is analyzed in regions such as Asia-Pacific, North America, Europe, and LAMEA. North America region held the largest share in 2015, contributing more than two-fifths of the total market, owing to high purchasing power among the populations and rise in adoption rate of portable monitors coupled with favorable reimbursement policies. However, the Asia-Pacific region is estimated to register the CAGR of 7.5% during the study period.

Industry Key Players

Global patient monitoring market report includes in-depth analysis of the major market players such as Medtronic, Inc., F. Hoffmann-La Roche Ltd., Biotronik, Masimo Corporation, GE Healthcare Ltd., Nihon Kohden Corporation, Omron Healthcare Co. Ltd., Johnson & Johnson, Koninklijke Philips N.V., and Abbott Laboratories.

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