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.
Patient Monitoring Devices Global Market Size
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.
Patient Monitoring Devices Global Market Trend
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.
Patient Monitoring Devices Global Market Segmentation
Patient monitoring devices market is segmented into Fetal And Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices, Multiparameter Monitoring Devices, Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Hemodynamic Monitoring Devices and Remote Patient Monitoring Devices.
Fetal and neonatal monitoring devices are used to assess fetal heart rate and contractions of the uterus during pregnancy and childbirth.
Weight monitoring and body temperature monitoring devices are the other most widely used patient monitoring equipment.
Multi-Parameter monitors (MPMs) devices detect multiple physiological statistics simultaneously. Multi-parameter monitors (MPMs) can either continuously or intermittently measure a patient’s blood pressure, pulse, body temperature, respiration rate and other data concurrently.
Cardiac monitoring devices examine heart functions. Electrocardiogram (ECG) devices are the most widely-used cardiac monitors.
Neuromonitoring devices are used for measuring the functional integrity of neural structures, including the nerves, spinal cord and parts of the brain.
Respiratory monitoring devices assess the patient's respiratory status. Capnographs, that assess concentrations of CO2 in exhaled air, are the most widely-used respiratory monitors.
Hemodynamic monitoring devices assess blood pressure and the concentration of various elements in the blood.
Remote patient monitoring devices allow a patient to use a mobile medical device for performing a routine test and send the test data for an healthcare expert in real-time.