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Global Digital Patient Monitoring Devices Market (2022-2027) by Type, Product, End User, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 188 Pages
  • September 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5669458

The COVID-19 pandemic is accelerating this change as the country’s healthcare infrastructure bends under the burden. According to Future Health Index (FHI) India leads the way in the adoption of digital health technology

The Global Digital Patient Monitoring Devices Market is estimated to be USD 91.12 Bn in 2022 and is expected to reach USD 269.29 Bn by 2027, growing at a CAGR of 24.2%

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.

Market Segmentations

The Global Digital Patient Monitoring Devices Market is segmented based on Type, Product, End User, and Geography.
  • By Type, the market is classified into Ambulatory Patient Monitoring, Hospital Inpatient Monitoring, mHealth, Remote Patient Monitoring, Smart Home Healthcare, Telehealth and Wearable Devices.
  • By Product, the market is classified into Diagnostic Monitoring Devices and Therapeutic Monitoring Devices.
  • By End User, the market is classified into Ambulatory Surgery Centers, Home Care Settings and Hospitals.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Airstrip Technologies Inc., AMD Global Telemedicine, Inc., AT&T Inc., Cloud DX, Inc., F. Hoffmann-La Roche Ag, Fitbit, Inc., Garmin, Ltd., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Digital Patient Monitoring Devices Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Digital Patient Monitoring Devices Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Digital Patient Monitoring Devices Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Digital Patient Monitoring Devices Market

What is the estimated value of the Global Digital Patient Monitoring Devices Market?

The Global Digital Patient Monitoring Devices Market was estimated to be valued at $91.12 Billion in 2022.

What is the growth rate of the Global Digital Patient Monitoring Devices Market?

The growth rate of the Global Digital Patient Monitoring Devices Market is 24.2%, with an estimated value of $269.29 Billion by 2027.

What is the forecasted size of the Global Digital Patient Monitoring Devices Market?

The Global Digital Patient Monitoring Devices Market is estimated to be worth $269.29 Billion by 2027.

Who are the key companies in the Global Digital Patient Monitoring Devices Market?

Key companies in the Global Digital Patient Monitoring Devices Market include Airstrip Technologies, Inc., AMD Global Telemedicine, Inc., AT&T, Inc., Cloud DX, Inc, F. Hoffmann, La Roche Ag, Fitbit, Inc., Garmin, Ltd., GE Healthcare, Inc. and Hill.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Rising Number of Chronic Diseases such as Diabetes and High Blood Pressure
4.1.2 Increasing Demand for the Real-time Monitoring of Disease Management
4.1.3 Expanding Mobile Healthcare Applications and Technology Advancement in Healthcare
4.1.4 Availability of Wireless Moni
4.2 Restraints
4.2.1 Problems Related to Battery Life and Portability
4.2.2 Risks Associated with Invasive Monitoring Devices
4.2.3 High Cost of Patient Monitoring Products and Inadequate Reimbursement
4.3 Opportunities
4.3.1 Integration of the Internet of Things (IoT), Cloud Computing, and Big Data Technologies in Healthcare
4.3.2 Growing Demand for Patient Monitoring Devices in Non-hospital Settings
4.3.3 Growing popularity of wearable monitoring devices and point-of-care medical equipm
4.4 Challenges
4.4.1 Lack of Skilled Healthcare Professionals
4.4.2 Increasing Pricing Pressure on Market Players
4.4.3 Data Security and Privacy Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE Analysis
6 Global Digital Patient Monitoring Devices Market, By Type
6.1 Introduction
6.2 Ambulatory Patient Monitoring
6.3 Hospital Inpatient Monitoring
6.4 mHealth
6.5 Remote Patient Monitoring
6.6 Smart Home Healthcare
6.7 Telehealth
6.8 Wearable Devices
7 Global Digital Patient Monitoring Devices Market, By Product
7.1 Introduction
7.2 Diagnostic Monitoring Devices
7.2.1 Body Temperature Monitors
7.2.2 Fetal Monitors
7.2.3 Neuromonitors
7.2.4 Sleep Monitors
7.2.5 Vital Sign Monitors
7.2.6 Weight Monitors
7.3 Therapeutic Monitoring Devices
7.3.1 Insulin Monitors
7.3.2 Respiratory Monitors
8 Global Digital Patient Monitoring Devices Market, By End User
8.1 Introduction
8.2 Ambulatory Surgery Centers
8.3 Home Care Settings
8.4 Hospitals
9 Americas’ Digital Patient Monitoring Devices Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe’s Digital Patient Monitoring Devices Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa’s Digital Patient Monitoring Devices Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC’s Digital Patient Monitoring Devices Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 IGR Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Airstrip Technologies, Inc.
14.2 AMD Global Telemedicine, Inc.
14.3 AT&T, Inc.
14.4 Cloud DX, Inc
14.5 F. Hoffmann-La Roche Ag
14.6 Fitbit, Inc.
14.7 Garmin, Ltd.
14.8 GE Healthcare, Inc.
14.9 Hill-Rom Holdings, Inc.
14.10 Honeywell International, Inc.
14.11 Koninklijke Philips N.V.
14.12 Medtronic, PLC
14.13 Omron Corp.
14.14 ResMed, Inc.
14.15 Smiths Medical MD, Inc.
14.16 VitalConnect, Inc.
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Airstrip Technologies, Inc.
  • AMD Global Telemedicine, Inc.
  • AT&T, Inc.
  • Cloud DX, Inc
  • F. Hoffmann-La Roche Ag
  • Fitbit, Inc.
  • Garmin, Ltd.
  • GE Healthcare, Inc.
  • Hill-Rom Holdings, Inc.
  • Honeywell International, Inc.
  • Koninklijke Philips N.V.
  • Medtronic, PLC
  • Omron Corp.
  • ResMed, Inc.
  • Smiths Medical MD, Inc.
  • VitalConnect, Inc.