global medical device market with focus on patient...
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Global Medical Device Market with Focus on
Patient Monitoring Devices: Size, Trends &
Forecasts (2019-2023)
April 2019
Global Medical Devices Market with Focus on Patient Monitoring Devices: Coverage
Executive Summary and Scope
Introduction/Market Overview
Global Market Analysis
Regional Market Analysis
Dynamics
Competitive Landscape
Company Profiling
Global Medical Devices Market with Focus on Patient Monitoring Devices : Coverage
Attributes Details
Title Global Medical Devices Market with Focus on Patient Monitoring Devices: Size, Trends & Forecasts (2019-2023)
Coverage Global and Regional
Regional Coverage North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2019-2023
Competition in the Market Fragmented
Key Players Medtronic plc, General Electric Company (GE Healthcare), Abbott Laboratories, Koninklijke Philips N.V. (Philips Healthcare)
Scope of the Report
Global Medical Devices Market with Focus on Patient Monitoring Devices
A medical device refers to any instrument or machine, which is required to be used for the treatment, cure, prevention or diagnosis ofdifferent kinds of diseases. The main purpose of the medical devices is to help the healthcare professionals in improving the way theydiagnose patients or to help patients overcome sickness or diseases. Medical devices can be segmented on the basis of application, whichinclude orthopedics, minimally invasive, cardiology, ophthalmology, wound care, patient monitoring, audiology, respiratory-anesthesia,uro-gynecology, neurology, aesthetics, robotics-navigation and others.
Patient monitoring devices are those devices that are used for monitoring patient’s conditions, such as blood pressure, heart rate, diabetes,respiratory rate, pulse, body temperature, oxygen saturation in human blood, etc. Nowadays, the two types of patient monitoring devicesare commonly used, which are: Single Parameter Patient Monitoring Devices and Multi-Parameter Patient Monitoring Devices.
The patient monitoring devices market can be segmented on the basis of product (Vital Sign Monitors & Special Monitors); Application(Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring and Other Applications) and End-user (Home Healthcare, Ambulatory Care Centers, Hospitals and Other End Users).
The global medical devices market with focus on patient monitoring devices has increased at a significant CAGR during the years 2014-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The medical devices marketwith focus on patient monitoring devices is expected to increase due to growing geriatric population, rapid urbanization, growingincidence of chronic diseases, increasing healthcare spending, etc. Yet the market faces some challenges such as high cost involved,stringent government regulations, etc.
Executive Summary
Global Medical Devices Market with Focus on Patient Monitoring Devices
Market Overview
Medical Devices Market
Patient Monitoring Devices Market
Medical Devices Market: Global Analysis
Global Medical Devices Market by Value
The global medical devices market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017. The global medical devices market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019..
CAGR
2019-2023 xx%
2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Medical Devices Market: Global Analysis
Segments Share
Orthopedics xx%
Minimally Invasive xx%
Cardiology xx%
Ophthalmology xx%
Wound Care xx%
Patient Monitoring xx%
Audiology xx%
Respiratory-Anesthesia xx%
Uro-Gynecology xx%
Neurology xx%
Aesthetics xx%
Robotics-Navigation xx%
Others xx%
Global Medical Devices Market by Segments; 2018
Medical Devices Market: Global Analysis
Global Medical Devices Market by Region; 2018
2016 2017 2018 2019 2020 2021 2022 2023
US
$ B
illio
n
Region Share CAGR(2019-2023)
Americas xx% xx%
Asia Pacific xx% xx%
Western/Europe xx% xx%
Central/Eastern Europe
xx% xx%
Middle East/Africa xx% xx%
Patient Monitoring Devices Market: Global Analysis
Global Patient Monitoring Devices Market by Value
The global patient monitoring devices market, valued at US$.... billion in 2018, increased as compared to US$... billion in 2017 at a CAGR of ….% from 2014 to 2018. The global patient monitoring devices market is anticipated to reach up to US$... billion by 2023 from US$... billion in 2019..
CAGRs
2014-2018 xx%
2019-2023 xx%
2014 2015 2016 2017 2018
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Patient Monitoring Devices Market: Global Analysis
North America, xx%
Europe, xx%
Asia Pacific, xx%
Latin America, xx%
Middle East and Africa, xx%
Products Share
Vital Sign Monitors (Temperature Monitor,
Blood Pressure Monitor, Pulse Oximeter and Other
Monitors)
xx%
Special Monitors xx%
Global Patient Monitoring Devices Market by Region; 2018
Global Patient Monitoring Devices Market by Product; 2018
Patient Monitoring Devices Market: Product Analysis
Global Vital Sign Monitors Market by Value Global Special Monitors Market by Value
Products CAGR
2019-2023
Vital Sign Monitors xx%
Special Monitors xx%
2019 2020 2021 2022 2023
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n
Patient Monitoring Devices Market: Regional Analysis
North America Patient Monitoring Devices Market by Value
Europe Patient Monitoring Devices Market by Value
Asia Pacific Patient Monitoring Devices Market by Value Region CAGR
2019-2023
North America xx%
Europe xx%
Asia Pacific xx%
Latin America xx%
Middle East and Africa xx%
2019 2020 2021 2022 2023
US
$ B
illio
n
2019 2020 2021 2022 2023
US
$ B
illio
n2019 2020 2021 2022 2023
US
$ B
illio
n
North America Patient Monitoring Devices Market: An Analysis
North America Patient Monitoring Devices Market by Region; 2018
Region Share CAGR
2019-2023
The US xx% xx%
Canada xx% xx%
Asia Pacific Patient Monitoring Devices Market: An Analysis
Asia Pacific Patient Monitoring Devices Market by Region; 2018
Region Share CAGR
2019-2023
China xx% xx%
India xx% xx%
Rest of Asia Pacific xx% xx%
Latin America Patient Monitoring Devices Market: An Analysis
Latin America Patient Monitoring Devices Market by Region; 2018
Region Share CAGR
2019-2023
Brazil xx% xx%
Rest of Latin America
xx% xx%
Medical Devices Market with Focus on Patient Monitoring Devices: Dynamics
Growth Driver
•Growing Geriatric Population
•Growing Incidence of Chronic Diseases
Challenges
•High Cost Involved
•Stringent Government Regulations
Market Trends
•Integration of Internet of Things (IoT) Features into Medical Devices
•Easy Availability of Wireless Patient Monitoring Devices
Medical Devices Market with Focus on Patient Monitoring Devices : Competitive Landscape
• Medtronic plc
• General Electric Company (GE Healthcare)
• Abbott Laboratories
• Koninklijke Philips N.V. (Philips Healthcare)
Players Profiled
Note: The graphs on this slide are only for sample representation.