Patient Monitoring Market Size, Share & COVID-19 Impact Analysis United States 2021-2027, Includes: Multi-Parameter Vital Signs Monitoring, Wireless Ambulatory Telemetry Monitoring, and 11 More

Throughout this medical market research, the publisher analysed over 100 patient monitoring companies in the U.S. and utilized comprehensive methodology to understand the Market Sizes, Unit Sales, ASPs, Company Market Shares, and to create accurate forecasts.

RESEARCH SCOPE

Region: United States

Base Year: 2020

Forecast: 2021-2027

Historical Data: 2017-2020

Quantitative Coverage:

• Market Size,
• Market Shares,
• Market Forecasts,
• Market Growth Rates,
• Units Sold,
• Average Selling Prices,
• Procedure Numbers.

Qualitative Coverage

• COVID19 Impact,
• Market Growth Trends,
• Market Limiters,
• Competitive Analysis & SWOT for Top Competitors,
• Mergers & Acquisitions,
• Company Profiles,
• Product Portfolios,
• FDA Recalls,
• Disruptive Technologies,
• Disease Overviews.

Data Sources

• Primary Interviews with Industry Leaders,
• Government Physician Data,
• Regulatory Data,
• Hospital Private Data,
• Import & Export Data,
• Internal Database.

Markets Covered

• Multi-Parameter Vital Signs Monitoring - The market analysis is further broken down into segments by:
• Device Type: Low-Acuity, Mid-Acuity, High-Acuity, Central Station
• Wireless Ambulatory Telemetry Monitoring - The market analysis is further broken down into segments by:
• Device Type: Patient-Worn Monitor, Central Station
• Remote Patient Monitoring - The market analysis is further broken down into segments by:
• Device Type: Disease Conditions Management, Cardiac Implantable Electric Device
• Intracranial Pressure Monitoring (ICP) - The market analysis is further broken down into segments by:
• Device Type: ICP Transducer, ICP Drainage, Advanced ICP Monitoring, UNiversal ICP Disposables
• Electromyogram Monitoring (EMG) - The market analysis is further broken down into segments by:
• Device Type: EMG Monitor, EMG Consumables
• Electroencephalogram Monitoring (EEG) - The market analysis is further broken down into segments by:
• Device Type: Diagnostic EEG, Depth of Anesthesia EEG
• Central Oximetry Monitoring - The market analysis is further broken down into segments by:
• Device Type: Monitor, Sensor
• Fetal and Neonatal Monitoring - The market analysis is further broken down into segments by:
• Device Type: Fetal, Neonatal
• Pulse Oximetry Monitoring - The market analysis is further broken down into segments by:
• Setting: Hospital, Alternate care, OEM Circuit Board
• Cardiac Output Monitoring - The market analysis is further broken down into segments by:
• Device Type: Pulmonary Artery Catheter, Minimally Invasive Monitoring, Non-Invasive Monitoring
• Blood Pressure Monitoring - The market analysis is further broken down into segments by:
• Device Type: Personal Monitoring, Professional Monitoring, Blood Pressure Cuff
• Electrocardiogram Monitoring (ECG) - The market analysis is further broken down into segments by:
• Device Type: ECG Monitor, ECG Electrode
• Temperature Management - The market analysis is further broken down into segments by:
• Device Type: Surface Pad Temperature Management, Intravascular Temperature Management, Forced-Air Warming Accessory

Key Market Insights

Overall, the U.S. patient monitoring market size is projected to reach $10.8 billion by 2027.

The most prevalent trend in the patient monitoring equipment market is the integration of monitoring devices into Internet of Things (IoT) settings. This is evidenced by strong double-digit growth in the remote patient monitoring market, which is expected to continue throughout the forecast period. Apart from monitoring devices designed for use outside of professional care settings, many existing patient monitors are being updated to include wireless connectivity and software compatibility to seamlessly integrate systems and improve workflows.

Because of the growing elderly demographic, as well as environmental and chemical stressors, the number of chronically ill patients has been steadily increasing. This includes those individuals being diagnosed with heart disease, obesity, diabetes, high cholesterol, and high blood pressure, among other conditions. Furthermore, these illnesses are becoming more prevalent among younger demographics. As a result, patient monitoring and diagnostic equipment will be in higher demand, facilitating increased investment into capital equipment and disposables.

Currently, the top competitors within the U.S. patient monitoring market are Medtronic, Philips Healthcare, and GE Healthcare. Medtronic represented the majority of the total U.S. patient monitoring equipment market share in 2020.