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.
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The market is valued at $19 billion in
2017 due to the economic growth, increasing chronic diseases and increasing
adoption of remote patient monitoring.
In the report, the global patient
monitoring device market is divided into eight segments, namely, 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. While the first and
the second segment accounts for nearly half of the market share and the
remaining share is accounted for the other six segments.
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The USA was the largest country
in the patient monitoring devices market in 2017, accounting for one-fifth of
the market share. China and Japan followed the USA as the next largest countries
in the market.
The patient monitoring devices market
is fragmented with a number of large and small organizations. Siemens Healthineers was the largest competitor, followed
by Medtronic Plc., Philips Healthcare, GE Healthcare
and Dragerwerk. Siemens Healthineers provides medical diagnostics solutions, healthcare
equipment and related services around the world. Siemens Healthineers formerly known as Siemens Healthcare
operates as a subsidiary of Siemens AG and is headquartered in Erlangen,
Germany.
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