The patient monitoring devices industry manufactures equipment for measuring vital health parameters, such as heart rate, respiratory rate, blood pressure and body temperature. Patient monitors, also referred to as medical monitors or physiological monitors, typically consist of sensors, processing components, display devices and communication links.
The top five companies covered are Siemens Healthineers, GE Healthcare, Philips Healthcare, Drägerwerk and Medtronic Plc. Siemens Healthineers was the largest company in the patient monitoring devices market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global patient monitoring devices market was valued around $20 billion in 2017. Asia Pacific was the largest region in the patient monitoring devices market in 2017, accounting for around 33% of the total market. The USA was the largest country in the market accounting for around 22% of the total market.
Key players in the patient monitoring market are focusing on the development of customized MPMs. These devices can be personalized to match patients’ needs. They can monitor different health parameters corresponding to patients’ health conditions.
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