Europe Patient Monitoring System Market Growth, Size, Trends, Demand, Share and Future Outlook
Europe Patient Monitoring System Market Size- By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: HLCA2438 | Pages: 1 - 153 | Formats*: |
| Category : Healthcare | |||
Europe Patient Monitoring System Market Introduction and Overview
According to SPER Market Research, the Europe Patient Monitoring System Market is estimated to reach USD 111.68 Billion by 2033 with a CAGR of 10.1%.
The report includes an in-depth analysis of the Europe Patient Monitoring System Market, including market size and trends, product mix, applications, and supplier analysis. A patient monitoring system is a collection of devices or pieces of machinery that are used to track and record changes in a patient's health over time by utilising a range of vital indicators and warning systems.
- In order to expand India's access to Statis Monitor, a linked care bedside multi-parameter monitoring device, Medtronic's Indian division partnered with Stasis Health in September 2021.
- July 2021 saw the launch of the Dexcom G6 continuous glucose monitoring system in Japan by Terumo Corporation. Terumo is the sole distributor of the product in Japan, whereas Dexcom, Inc. produces it in the US.
-006131519042024.webp)
Market Opportunities and Challenges
The growing senior population in the next years and the growing need for portable and home-based monitoring devices are the main drivers propelling market progress. Increasing investment in the healthcare sector will support market expansion as well. Furthermore, technological breakthroughs and the creation of more effective gadgets, such cardiac monitoring systems, will create profitable opportunities.
The ageing population and the growing use of remote patient monitoring devices are the two main drivers driving the market's expansion. Further driving the market for patient monitoring devices is the rise in the number of people with various lifestyle diseases, including diabetes, cancer, and atherosclerosis. Additionally, partnerships between businesses, medical facilities, and educational institutions are anticipated to result in the introduction of new goods, which will support market expansion and revenue growth.
On the other hand, Strict regulatory policies regarding procedures and inadequate reimbursement practices are factors that are restricting the market. Other factors that are challenging the market include a lack of skilled professionals and resistance from the healthcare sector to adopt new systems, and the difficulty that professionals in the healthcare industry are having applying patient monitoring devices could further impede the market's growth in the near future.
-006130819042024.webp)
Market Competitive Landscape
The major key players in the Europe Patient Monitoring System Market are: Abbott, Dragerwerk AG and Co. KGaA, F.Hoffmann-La Roche Ltd., General Electric, Johnson and Johnson Services, Inc., Koninklijke Philips N.V, Masimo, Medtronic, Mortara Instruments Inc, Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Nonin, OMRON Healthcare Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Welch Allyn, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Application, By End User |
| Regions covered | Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Switzerland, The U.K., Turkey, Rest of Europe |
| Companies Covered | Abbott, Dragerwerk AG and Co. KGaA, F.Hoffmann-La Roche Ltd., General Electric, Johnson and Johnson Services, Inc., Koninklijke Philips N.V, Masimo, Medtronic, Mortara Instruments Inc, Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Nonin, OMRON Healthcare Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Welch Allyn, Others |
COVID-19 Impact on Europe Patient Monitoring System Market
The already overworked and understaffed healthcare sector was further strained by the COVID-19 outbreak. Ventilators and other patient monitoring devices helped to track critically ill COVID-19 patients, allowing measurements of physiological reserves and demonstrating the effectiveness of treatment interventions throughout the pandemic, which had a positive effect on the market. Furthermore, the companies are increasing the manufacture of vital or crucial medical equipment items. For instance, Royal Philips boosted production of critical care supplies and COVID-19 patient detection and treatment tools in March 2020. The product line includes medical supplies for both invasive and non-invasive ventilation, patient vital sign monitors, and portable ventilators for respiratory illnesses.
Key Target Audience
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Home Healthcare Providers
- Nursing Homes and Assisted Living Facilities
- Specialty Clinics (Cardiology, Neurology, etc.)
- Emergency Medical Services (EMS)
- Government Healthcare Agencies
- Medical Device Manufacturers
- Healthcare IT Companies
- Others
Our in-depth analysis of the Europe Patient Monitoring System Market includes the following segments:
| By Type: |
|
| By Application: |
|
| By End User: |
|
| By Region: |
|
Key Topics Covered in the Report
- Europe Patient Monitoring System Market Size (FY’2024-FY’2033)
- Overview of Europe Patient Monitoring System Market
- Segmentation of Europe Patient Monitoring System Market By Type (Cardiac Monitoring Devices, Hemodynamic Monitoring Devices, Multi-parameter Monitors, Neuromonitoring Devices, Respiratory Monitoring Devices, Other Types of Devices)
- Segmentation of Europe Patient Monitoring System Market By Application (Cardiology, Fetal and Neonatal, Neurology, Respiratory, Weight Management and Fitness Monitoring, Other Applications)
- Segmentation of Europe Patient Monitoring System Market By End User (Home Healthcare, Hospitals and Clinics, Other End- User)
- Statistical Snap of Europe Patient Monitoring System Market
- Expansion Analysis of Europe Patient Monitoring System Market
- Problems and Obstacles in Europe Patient Monitoring System Market
- Competitive Landscape in the Europe Patient Monitoring System Market
- Impact of COVID-19 and Demonetization on Europe Patient Monitoring System Market
- Details on Current Investment in Europe Patient Monitoring System Market
- Competitive Analysis of Europe Patient Monitoring System Market
- Prominent Players in the Europe Patient Monitoring System Market
- SWOT Analysis of Europe Patient Monitoring System Market
- Europe Patient Monitoring System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Patient Monitoring System Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Patient Monitoring System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Patient Monitoring System Market
7. Europe Patient Monitoring System Market, By Type (USD Million) 2020-2033
7.1. Europe Patient Monitoring System Market Size, Share and Forecast, Share By Type (2020-2026)7.2. Europe Patient Monitoring System Market Size, Share and Forecast, Share By Type (2027-2033)7.3. Cardiac Monitoring Devices7.4. Hemodynamic Monitoring Devices7.5. Multi-parameter Monitors7.6. Neuromonitoring Devices7.7. Respiratory Monitoring Devices7.8. Other Types of Devices
8. Europe Patient Monitoring System Market, By Application (USD Million) 2020-2033
8.1. Europe Patient Monitoring System Market Size, Share and Forecast, By Application (2020-2026)8.2. Europe Patient Monitoring System Market Size, Share and Forecast, By Application (2027-2033)8.3. Cardiology8.4. Fetal and Neonatal8.5. Neurology8.6. Respiratory8.7. Weight Management and Fitness Monitoring8.8. Other Applications
9. Europe Patient Monitoring System Market, By End User (USD Million) 2020-2033
9.1. Europe Patient Monitoring System Market Size, Share and Forecast, By End User (2020-2026)9.2. Europe Patient Monitoring System Market Size, Share and Forecast, By End User (2027-2033)9.3. Home Healthcare9.4. Hospitals and Clinics9.5. Other End- User
10. Europe Patient Monitoring System Market Forecast, 2020-2033 (USD Million)
10.1. Europe Patient Monitoring System Market Size and Market Share
11. Europe Patient Monitoring System Market, By Region, 2020-2033 (USD Million)
11.1. Europe Patient Monitoring System Market Size and Market Share By Region (2020-2026)11.2. Europe Patient Monitoring System Market Size and Market Share By Region (2027-2033)11.3. Belgium11.4. France11.5. Germany11.6. Italy11.7. Netherlands11.8. Russia11.9. Spain11.10. Switzerland11.11. Turkey11.12. U.K.11.13. Rest of Europe in Europe
12. Company Profile
12.1. Abbott
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Dragerwerk AG and Co. KGaA
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. F.Hoffmann-La Roche Ltd.
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. General Electric
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Johnson and Johnson Services, Inc
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Koninklijke Philips N.V
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Masimo
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Medtronic
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Mortara Instruments Inc
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Natus Medical Incorporated
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. NIHON KOHDEN CORPORATION
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. Nonin
12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments
12.13. OMRON Healthcare Co., Ltd
12.13.1. Company details12.13.2. Financial outlook12.13.3. Product summary12.13.4. Recent developments
12.14. Shenzhen Mindray Bio-Medical Electronics Co., Ltd
12.14.1. Company details12.14.2. Financial outlook12.14.3. Product summary12.14.4. Recent developments
12.15. Welch Allyn
12.15.1. Company details12.15.2. Financial outlook12.15.3. Product summary12.15.4. Recent developments
12.16. Others
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Patient Monitoring System Market is projected to reach USD 111.68 billion by 2033, growing at a CAGR of 10.1% during the forecast period.
Europe Patient Monitoring System Market grew in Market size from 2022. The Market is expected to reach USD 111.68 billion by 2033, at a CAGR of 10.1% during the forecast period.
Europe Patient Monitoring System Market CAGR of 10.1% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Patient Monitoring System Market size is USD 111.68 billion from 2024 to 2033.
Europe Patient Monitoring System Market Segment is covered By Type, By Application, By End User.
The Europe is anticipated to have the highest Market share in the Europe Patient Monitoring System Market.
The key players in the Market include Companies Covered Abbott, Dragerwerk AG and Co. KGaA, F.Hoffmann-La Roche Ltd., General Electric, Johnson and Johnson Services, Inc., Koninklijke Philips N.V, Masimo, Medtronic, Mortara Instruments Inc.
A patient monitoring system is a collection of devices or pieces of machinery that are used to track and record changes in a patient's health over time by utilising a range of vital indicators and warning systems.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
