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 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.
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.
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. |
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
By Type
By Region
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)
Request the coronavirus impact analysis across industries and markets
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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