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Digital Patient Monitoring Devices Market - Global Industry Analysis

Digital Patient Monitoring Devices Market - By Product (Diagnostic Monitoring Devices and Therapeutic Monitoring Devices), By Type (Wireless Sensor Technology, MHealth, Telehealth, Remote patient Monitoring, and Wearable Devices), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 08-Nov-2021 Category: Medical Device Report Format : PDF Pages: 199 Report Code: ZMR-6816 Status : Published

The global Digital Patient Monitoring Devices Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 447.3(USD Billion) by 2028, is set to record a CAGR of nearly 24.1% over the period from 2021 to 2028.

Description

The global Digital Patient Monitoring Devices Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 447.3(USD Billion) by 2028, is set to record a CAGR of nearly 24.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Digital Patient Monitoring Devices Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Digital Patient Monitoring Devices Market: Outlook

Digital systems are constantly accepted in healthcare industry for enhancing patient contact along with amplifying preventive medicine practice. This has driven demand for digital patient monitoring equipment in medical sector. In addition to this, COVID-19 pandemic outbreak has led to surge in remote patient monitoring activities over conventional in-person visits, thereby increasing use of digital patient monitoring instruments by healthcare service providers, clinics, and hospitals. Healthcare experts make use of digital patient monitoring equipment for sharing healthcare data with clinical experts at remote distances to save time along with delivering of effective medical treatment for patients suffering from chronic ailments. Reportedly, non-invasive digital patient monitoring equipment such as biosensors and wearables have ability for capturing as well as transmitting health information without requiring any patient intervention. Few of other digital technologies require patient to provide their health information on secured website through smartphone or personal digital assistant. For the record, common clinical data shared by patients with physicians in digital format include oxygen levels, vital signs, heart rate, blood pressure, and weight.

Digital Patient Monitoring Devices Market: Growth Drivers

Escalating demand for devices that can constantly monitor patient health will steer growth of digital patient monitoring devices industry over upcoming years. Furthermore, rampant spread of viral diseases such as Swine Flu, Avian Flu, Bird Flu, and COVID-19 has translated into massive penetration of digital patient monitoring devices in healthcare sector. In addition to this, acceptance of sensor-based wearables including ECG and glucose monitors will create new opportunities of growth for digital patient monitoring devices industry. Apart from this, humungous popularity of wearable equipment such as smart watches and other kinds of wearable sensor embedded equipment across globe has prompted its need across healthcare sector, thereby driving industry trends.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Furthermore, product innovations have propelled popularity of digital patient monitoring devices. This will favorably impact size of digital patient monitoring devices industry. Moreover, use of digital patient monitoring equipment can help in increasing time & cost efficiency, thereby helping digital patient monitoring devices market transverse higher altitudes of growth in upcoming years.

Regional Landscape

Asia Pacific Digital Patient Monitoring Devices Market To Experience Noticeable Growth Over 2021-2028

Growth of digital patient monitoring devices industry in Asia Pacific over assessment period can be credited to rise in number of smartphone users in countries such as India and China. For the record, smartphone users in countries such as India will increase from 501 Mn in 2019 to 821 Mn by 2022. In addition to this, rise in aging populace prone to chronic disorders will transform into huge sales of digital patient monitoring equipment in the region. Apart from this, the equipment is in huge demand across hospitals and clinics in Philippines, Indonesia, Japan, and Thailand.

Competitive Landscape

Key players profiled in study and leveraging market sphere are Hill-Rom Services, Inc., Abbot Laboratories, Fitbit, Inc., GE Healthcare, AT&T        Inc., VitalConnect, Athenahealth, Inc., Koninklijke Philips N.V., Medtronic Corporation, Garmin Limited, Omron Healthcare, Inc., and ResMed.

The global Digital Patient Monitoring Devices Market is segmented as follows:

By Product

  • Diagnostic Monitoring Devices
  • Therapeutic Monitoring Devices

By Type

  • Wireless Sensor Technology
  • Wearable Devices
  • MHealth
  • Telehealth
  • Remote Patient Monitoring

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)
    • 2.2. Digital Patient Monitoring Devices Market: Snapshot
  • Chapter 3. Global Digital Patient Monitoring Devices Market– Industry Analysis
    • 3.1. Digital Patient Monitoring Devices Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Huge demand for devices that can regularly monitor patient health will embellish expansion of digital patient monitoring devices industry over forthcoming years.
      • 3.2.2. Prominent spread of diseases such as Swine Flu, Avian Flu, Bird Flu, and COVID-19 has culminated into huge demand for digital patient monitoring equipment in healthcare industry, thereby prompting elevation in size of digital patient monitoring devices market.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product
      • 3.4.2. Market attractiveness analysis By Type
  • Chapter 4. Global Digital Patient Monitoring Devices Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Digital Patient Monitoring Devices Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Digital Patient Monitoring Devices Market– Product Analysis
    • 5.1. Global Digital Patient Monitoring Devices Marketoverview: By Product
      • 5.1.1. Global Digital Patient Monitoring Devices Marketshare, By Product, 2020 and 2028
    • 5.2. Diagnostic Monitoring Devices
      • 5.2.1. Global Digital Patient Monitoring Devices Marketby Diagnostic Monitoring Devices, 2018–2028(USD Billion)
    • 5.3. Therapeutic Monitoring Devices
      • 5.3.1. Global Digital Patient Monitoring Devices Marketby Therapeutic Monitoring Devices, 2018–2028(USD Billion)
  • Chapter 6. Global Digital Patient Monitoring Devices Marketoverview: By Type
    • 6.1.1. Global Digital Patient Monitoring Devices Marketshare, By Type, 2020 and 2028
    • 6.2. Wireless Sensor Technulogy
      • 6.2.1. Global Digital Patient Monitoring Devices Marketby Wireless Sensor Technulogy , 2018–2028(USD Billion)
    • 6.3. Wearable Devices
      • 6.3.1. Global Digital Patient Monitoring Devices Marketby Wearable Devices, 2018–2028(USD Billion)
    • 6.4. MHealth
      • 6.4.1. Global Digital Patient Monitoring Devices Marketby MHealth, 2018–2028(USD Billion)
    • 6.5. Telehealth
      • 6.5.1. Global Digital Patient Monitoring Devices Marketby Telehealth, 2018–2028(USD Billion)
    • 6.6. Remote Patient Monitoring
      • 6.6.1. Global Digital Patient Monitoring Devices Marketby Remote Patient Monitoring, 2018–2028(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Hill-Rom Services, Inc.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Abbot Laboratories
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Fitbit, Inc.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. GE Healthcare
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. AT&T Inc.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. VitalConnect
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Athenahealth, Inc.
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Koninklijke Philips N.V.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfulio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. ResMed
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfulio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Omron Healthcare, Inc.
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfulio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Garmin Limited
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfulio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. Medtronic Corporation
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfulio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Digital Patient Monitoring Devices Marketattractiveness, By Product
6. Global Digital Patient Monitoring Devices Marketattractiveness, By Type
7. Global Digital Patient Monitoring Devices Marketshare by Product ,2020 and 2028 (USD Billion)
8. Global Digital Patient Monitoring Devices Marketby Diagnostic Monitoring Devices, 2018–2028(USD Billion)
9. Global Digital Patient Monitoring Devices Marketby Therapeutic Monitoring Devices, 2018–2028(USD Billion)
10. Global Digital Patient Monitoring Devices Marketshare by Type,2020 and 2028 (USD Billion)
11. Global Digital Patient Monitoring Devices Marketby Wireless Sensor Technology,  2018–2028(USD Billion)
12. Global Digital Patient Monitoring Devices Marketby Wearable Devices, 2018–2028(USD Billion)
13. Global Digital Patient Monitoring Devices Marketby MHealth, 2018–2028(USD Billion)
14. Global Digital Patient Monitoring Devices Marketby Telehealth, 2018–2028(USD Billion)
15. Global Digital Patient Monitoring Devices Marketby Remote Patient Monitoring, 2018–2028(USD Billion)
16. Global Digital Patient Monitoring Devices Marketshare, by Region, 2020 and 2028
17. North America Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)
18. Europe Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)
19. Asia Pacific Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)
20. Latin America Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)
21. The Middle East and Africa Digital Patient Monitoring Devices Market, 2018–2028(USD Billion)


List of Tables

1. Global Digital Patient Monitoring Devices Market: snapshot
2. Drivers of the Digital Patient Monitoring Devices Market: impact analysis
3. North America Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
4. North America Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
5. The U.S. Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
6. The U.S. Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
7. Rest of North America Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
8. Rest of North America Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
9. Europe Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
10. Europe Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
11. UK Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
12. UK Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
13. France Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
14. France Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
15. Germany Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
16. Germany Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
17. Rest of Europe Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
18. Rest of Europe Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
19. Asia Pacific Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
20. Asia Pacific Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
21. China Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
22. China Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
23. Japan Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
24. Japan Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
25. India Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
26. India Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
27. Rest of Asia Pacific Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
28. Rest of Asia Pacific Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
29. Latin America Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
30. Latin America Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
31. Brazil Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
32. Brazil Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
33. Rest of Latin America Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
34. Rest of Latin  America Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
35. The Middle East and Africa Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
36. The Middle East and Africa Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
37. Saudi Arabia Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
38. Saudi Arabia Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
39. South Africa Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
40. South Africa Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Digital Patient Monitoring Devices  Marketrevenue, By Product  ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Digital Patient Monitoring Devices  Marketrevenue, By Type,2018–2028(USD Billion)

 
 

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FrequentlyAsked Questions

Escalating demand for devices that can constantly monitor patient health will steer growth of digital patient monitoring devices industry over upcoming years. Furthermore, rampant spread of viral diseases such as Swine Flu, Avian Flu, Bird Flu, and COVID-19 has translated into massive penetration of digital patient monitoring devices in healthcare sector. In addition to this, acceptance of sensor-based wearables including ECG and glucose monitors will create new opportunities of growth for digital patient monitoring devices industry. Apart from this, humungous popularity of wearable equipment such as smart watches and other kinds of wearable sensor embedded equipment across globe has prompted its need across healthcare sector, thereby driving industry trends. Furthermore, product innovations have propelled popularity of digital patient monitoring devices. This will favorably impact size of digital patient monitoring devices industry.   

 

According to Zion market research report, the global Digital Patient Monitoring Devices Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 447.3(USD Billion) by 2028, is set to record a CAGR of nearly 24.1% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the regional market size over the estimated timeline. The regional market surge is subject to rise in number of smartphone users in countries such as India and China. For the record, smartphone users in countries such as India will increase from 501 Mn in 2019 to 821 Mn by 2022. In addition to this, increase in aging populace prone to chronic disorders will transform into huge sales of digital patient monitoring equipment in the region. Apart from this, the equipment is in huge demand across hospitals and clinics in Philippines, Indonesia, Japan, and Thailand.  

The key market participants include Hill-Rom Services, Inc., Abbot Laboratories, Fitbit, Inc., GE Healthcare, AT&T    Inc., VitalConnect, Athenahealth, Inc., Koninklijke Philips N.V., Medtronic Corporation, Garmin Limited, Omron Healthcare, Inc., and ResMed.    

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