Patient Monitoring Equipment – Market Trends, Drivers, and Forecast from Technavio

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According to Technavio’s latest market research study, the global patient monitoring equipment market is expected to grow at a CAGR of close to 9% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global patient monitoring equipment market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the end-user type

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The top three revenue contributing end-user segments are discussed below

Hospitals and clinics: Hospitals are the key end-users that influence market growth. Manufacturers of patient monitoring equipment focus on delivering their products to hospitals to improve brand image and thereby expand their product reach. During the forecast period, the market is projected to experience a surge in demand for multiparameter patient monitoring equipment.

Large hospitals, such as multispecialty hospitals, work under government sponsorship or through private entities. These hospitals have more than 500 hospital beds, allowing the accommodation of individuals from within the locality and neighboring areas,” says Barath Palada, a lead analyst at Technavio for research on patient monitoring devices.

ASCs: ASCs have a limited number of suppliers. These centers often require third-party laboratory testing support and medical equipment for their healthcare services. The market’s growth during the forecast period is anticipated to be driven by the emergence of wireless monitoring of vital signs.

Homecare settings: The homecare setting is a new trend and the fastest growing sector in the healthcare industry. In homecare settings system, a skilled professional provides treatment to patients in their homes under the direction of physicians.

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The top vendors operating in the global patient monitoring equipment market are:

  • GE Healthcare
  • Medtronic
  • Philips Healthcare
  • Smiths Medical

Other prominent vendors in the market include Abbott Laboratories, Advanced Brain Monitoring, Animas, ATHENA GTX, AVI Healthcare, Beijing Carejoy Technology, Braun & Company, Briggs Healthcare, CAS Medical Systems, CareTaker Medical, Contec Medical Systems, Corsens Medical, Delsys, Dexcom, EarlySense, Edan Instruments, Edwards Lifesciences, ERKA, FEVERSMART, Guangdong Biolight Meditech, Infinium Medical, InfoBionic, iRhythm Technologies, Kernel Medical Equipment, Mediana, Medicalgorithmics, Mennen Medical, Microlife, Mindray, Motion Lab Systems, Neoventa Medical, Nonin Medical, NeuroSky, Omron Healthcare, ONSENS, Raiing Medical, Rossmax International, Royal Life Care Diagnostics, Schiller, Spacelabs Healthcare, Sensium Healthcare, Tecnimed, Triton Electronics, Viamed, Vital Connect, Weinmann Geräte für Medizin, and Zoll.

A more detailed analysis is available in the Technavio report titled, ‘Global Patient Monitoring Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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