Global Physiological Monitors Market Research Report: Forecast (2023-2028)

By Product (Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Fetal & Neonatal Monitoring Devices, Respiratory Monitoring Devices), By Applicatio...n (Cardiology, Neurology, Respiratory, Fetal & Neonatal, Weight Management), By End User (Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers), By Region (North America, South America, Europe, The Middle East & Africa, Asia Pacific), By Company (Honeywell International Inc., A&D Company Limited, Panasonic Holdings Corporation, Boston Scientific Corporation, Abbott Laboratories, Medtronic Plc, General Electric, OMRON Healthcare Co., Ltd, Koninklijke Philips N.V.) Read more

  • Healthcare
  • Aug 2023
  • 193
  • HC10266

Market Definition

Physiological monitors are medical devices used for continuously or intermittently measuring and displaying various vital signs & physiological parameters of a patient. These devices find application in different medical disciplines, including cardiology, neurology, respiratory care, fetal & neonatal health, and even weight management, and are widely adopted by hospitals, clinics, & ambulatory surgical centers, where they help enhance patient care & safety during medical procedures.

Market Insights & Analysis: Global Physiological Monitors Market (2023-28)

The Global Physiological Monitors Market size was valued at USD 41.11 Billion in 2022 and is projected to grow at a CAGR of around 6.87% during the forecast period, i.e., 2023-28. The market for physiological monitors is thriving, driven by rapid advancements in medical technology and the growing demand for innovative healthcare solutions. Besides, supportive government initiatives and increasing investments in healthcare infrastructure across various regions have also created a conducive environment for market growth.

The rising prevalence of chronic diseases, such as cardiovascular disorders, diabetes, and respiratory ailments, has escalated the demand for continuous patient health monitoring, especially after the COVID-19 pandemic, which has made healthcare professionals turn to remote patient monitoring solutions & telehealth services. These monitors enable healthcare professionals to track patients' health status remotely, enhancing patient outcomes and reducing hospital readmissions.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 6.87%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Honeywell International Inc., A&D Company Limited, Panasonic Holdings Corporation, Boston Scientific Corporation, Abbott Laboratories, Medtronic Plc, General Electric, OMRON Healthcare Co., Ltd, Koninklijke Philips N.V.
Market Value (2022) USD 41.11 Billion

 

Technological advancements and innovations, including wearable monitors & IoT integration, have also contributed to market expansion. Physiological monitors integrated with artificial intelligence and data analytics offer improved accuracy & interpretation of patient data, leading to better diagnosis & personalized treatment plans.

In addition, the increasing trend of home-based healthcare has resulted in higher adoption of physiological monitors in home settings, enabling individuals to monitor their health & well-being proactively. As the healthcare industry continue to focus on preventive care, the physiological monitors market is poised for further expansion, offering promising opportunities for healthcare providers & device manufacturers to meet the growing demand for efficient, user-friendly, & non-invasive monitoring solutions.

  • In April 2023, the FDA approved GE HealthCare's CARESCAPE Canvas Patient Monitoring Platform. By combining CARESCAPE Canvas with CARESCAPE ONE, they have created a flexible and adaptable platform that can adjust monitoring capabilities according to the severity of each patient's condition. This scalable system aims to improve patient care and response to individual medical needs.



Global Physiological Monitors Market Driver:

Growing Incidence of Chronic Diseases Worldwide: With the rise in aging populations and the growing prevalence of sedentary lifestyles, chronic conditions have become major public health concerns, especially after the covid-19 pandemic. According to the World Health Organization (WHO), chronic conditions like cardiovascular diseases, cancer, diabetes, & respiratory illnesses will contribute to 86 percent of the estimated 90 million annual deaths by 2050. This projection indicates a remarkable 90 percent increase in absolute numbers since 2019, emphasizing the need for effective preventive measures, early detection, & improved management strategies. As the prevalence of chronic diseases continues to surge, physiology monitors will become even more crucial in providing personalized & proactive healthcare solutions and, in turn, drive the global physiology monitors market during the forecast period.

Global Physiological Monitors Market Trend:

Rising Utilization of Remote Patient Monitoring & Wearable Devices: As telehealth & remote patient monitoring devices continue to gain traction, CGMs (Continuous Glucose Monitors) are being increasingly adopted as an essential tool for diabetes patients, especially those on dialysis. In addition, wearable sensors are also being proved valuable in combating infectious diseases. The integration of artificial intelligence (AI) into these devices has shown remarkable potential in predicting & preventing future health risks, i.e., further accelerating their demand and driving the physiological monitors market.

  • In April 2022, a study demonstrated how wearable sensors detect and manage COVID-19. By continuously monitoring vital signs and physiological parameters, these sensors can play a crucial role in detecting and managing infectious diseases, contributing to public health efforts.
  • In December 2021, researchers from the University of Buffalo created an AI model that analyzes metabolic and cardiovascular biomarkers to identify potential health risks in patients. This technology promises to revolutionize personalized healthcare by allowing proactive measures to be taken before serious health issues arise.

Global Physiological Monitors Market (2023-28): Segmentation Analysis

The Global Physiological Monitors Market study from MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified:

Based on Application:

  • Cardiology
  • Neurology
  • Respiratory
  • Fetal and Neonatal
  • Weight Management

Among all applications, Cardiology garnered the highest share of the Global Physiological Monitors Market in 2022. Cardiovascular diseases are prevalent worldwide, and cardiac monitoring devices have become essential tools in both inpatient & outpatient settings. They aid in the diagnosis, management, and monitoring of cardiac conditions, providing real-time data on heart rhythms and allowing for early detection of abnormalities, which is why the leading players are investing in such devices in a bid to offer advanced diagnostic capabilities to provide physicians with more clinically relevant information. For example:

  • In June 2023, BIOTRONIK disclosed the first implant of a new implantable cardiac monitor with artificial intelligence, which seeks to bring efficiency in monitoring cardiac arrhythmias.
  • UltraLinQ Healthcare Solutions unveiled a groundbreaking end-to-end patient monitoring concept for diagnosing cardiac arrhythmias at Arab Health 2023.

With this cutting-edge concept, the focus lies in transforming the way cardiac arrhythmias are diagnosed for patients while allowing hospitals to expand their services and achieve significant time & cost savings. Companies like UltraLinQ aims to engage with key stakeholders and potential distributors at such events, fostering critical collaborations that will drive forward the advancement of cardiology and patient care and subsequently project the overall growth of the market for Physiological Monitors in cardiology applications during 2023-28.

Global Physiological Monitors Market Regional Projection:

Geographically, the Global Physiological Monitors Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

In 2022, North America emerged as the dominant region in the Physiological Monitors Market, accounting for the majority revenue share. It owes to the increasing prevalence of chronic diseases, the availability of advanced healthcare technologies, and the mounting demand for wireless & cost-effective monitoring systems.

On the other hand, the Asia-Pacific Physiological Monitors Market is anticipated to witness notable growth during 2023-28. Countries like China & India have the highest diabetic populations, which are expected to surge, necessitating increased awareness of diabetes prevention, subsequently contributing to the higher demand for physiological monitors. It has been projected that India shall face an alarmingly high number of cardiac deaths globally by 2030, with cardiovascular diseases accounting for a significant proportion of deaths in the country.

  • In July 22, Xplore Lifestyle introduced CardiacSense, the world's inaugural medical-grade watch for heart monitoring. This groundbreaking achievement in health monitoring, especially for cardiology, resulted from a partnership between Xplore Lifestyle, a pioneering MedTech solutions provider in India, and an Israeli company. The watch features cutting-edge technology for monitoring cardiac and other vital signs, and its user-friendly design makes it easy to wear. This holistic approach aims to improve patient outcomes and overall health awareness in the physiological monitors market.

Global Physiological Monitors Industry Recent Development:

  • In May 2023, Abbott, headquartered in Abbott Park, Illinois, declared that its Assert-IQ™ insertable cardiac monitor (ICM) had been granted clearance by the U.S. Food and Drug Administration (FDA), giving physicians a renewed choice for diagnosing and continuously monitoring individuals with irregular heartbeats. This approval expands Abbott's range of connected health devices, enabling doctors to remotely handle & care for their patients.

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Frequently Asked Questions

   A. The Physiological Monitors Market is projected to grow at a CAGR of around 6.87% during 2023-28.

   A. The Physiological Monitors Market size was valued at USD41.11 Billion in 2022.

   A. The growing incidence of chronic diseases worldwide is likely to drive the Physiological Monitors Market through 2028.

   A. During 2023-28, the Physiological Monitors Market share is projected to be held majorly by Cardiology.

   A. The Physiological Monitors Market leaders include Honeywell International Inc., A&D Company Limited, Panasonic Holdings Corporation, Boston Scientific Corporation, Abbott Laboratories, Medtronic Plc, General Electric, OMRON Healthcare Co., Ltd, and Koninklijke Philips N.V.

   A. Globally, Asia-Pacific would generate lucrative prospects for the Physiological Monitors Market in the years ahead.

   A. The utilization of remote patient monitoring & wearable devices is the significant trend projected to shape the Physiological Monitors Market through 2028.

Global Physiological Monitors Market Research Report (2023-2028) - Table of Contents

 

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  2. Market Segmentation
  3. Executive Summary
  4. Global Physiological Monitors Market Regulations, Norms, & Product Standards
  5. Global Physiological Monitors Market Trends & Developments
  6. Global Physiological Monitors Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Physiological Monitors Market Imports, Exports Statistics
  8. Global Physiological Monitors Market Hotspots & Opportunities
  9. Global Physiological Monitors Market Value Chain & Stakeholder Margin Analysis
  10. Global Physiological Monitors Market Analysis (2018-2028F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
        1. Hemodynamic Monitoring Devices
        2. Neuromonitoring Devices
        3. Cardiac Monitoring Devices
        4. Fetal and Neonatal Monitoring Devices
        5. Respiratory Monitoring Devices
      2. By Application
        1. Cardiology
        2. Neurology
        3. Respiratory
        4. Fetal and Neonatal
        5. Weight Management
      3. By End User
        1. Hospitals and Clinics
        2. Home Settings
        3. Ambulatory Surgical Centers
        4. Others
      4. By Company
        1. Revenue Shares
        2. Competition Characteristics
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
  11. North America Physiological Monitors Market Analysis (2018-2028F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By End User- Market Size & Forecast 2018-2028F, USD Million
      4. By Company- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. Canada Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. Mexico Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
  12. South America Physiological Monitors Market Analysis (2018-2028F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By End User- Market Size & Forecast 2018-2028F, USD Million
      4. By Company- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. Argentina Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
  13. Europe Physiological Monitors Market Analysis (2018-2028F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By End User- Market Size & Forecast 2018-2028F, USD Million
      4. By Company- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. France Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. The UK Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    6. Spain Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    7. Italy Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
  14. The Middle East & Africa Physiological Monitors Market Analysis (2018-2028F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By End User- Market Size & Forecast 2018-2028F, USD Million
      4. By Company- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. Egypt
        5. South Africa
        6. Rest of the Middle East & Africa
    3. The UAE Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. Saudi Arabia Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. Qatar Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    6. Egypt Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    7. South Africa Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
  15. Asia-Pacific Physiological Monitors Market Analysis (2018-2028F)
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
      3. By End User- Market Size & Forecast 2018-2028F, USD Million
      4. By Company- Market Size & Forecast 2018-2028F, USD Million
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    4. India Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    5. Japan Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    6. South Korea Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
    7. Australia Physiological Monitors Market Analysis (2018-2028F)
      1. By Product- Market Size & Forecast 2018-2028F, USD Million
      2. By Application- Market Size & Forecast 2018-2028F, USD Million
  16. Competitive Benchmarking & Company Profiles
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc)
      1. Honeywell International Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. A&D Company Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Panasonic Holdings Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Boston Scientific Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Abbott Laboratories
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Medtronic Plc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. General Electric
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. OMRON Healthcare Co., Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Koninklijke Philips N.V
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Others
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  17. About Us & Disclaimer


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