Patient Monitoring Market
PUBLISHED: 2023 ID: SMRC23062
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Patient Monitoring Market

Patient Monitoring Market Forecasts to 2028 - Global Analysis By Device Type (Cardiac Monitoring Devices, Respiratory Monitoring Devices, Neuro Monitoring Devices, Hemodynamic Monitoring Devices, Multi-Parameter Monitoring Devices, Weight Monitoring Devices, Temperature Monitoring Devices, Glucose Monitoring Devices and Other Device Types), Application (Cardiology, Fetal & Neonatal, Neurology, Respiratory, Weight Management & Fitness Monitoring and Other Applications), End User and By Geography

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4.5 (19 reviews)
Published: 2023 ID: SMRC23062

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $42.3 BN

Projected Year Value (2028)

US $71.33 BN

CAGR (2022 - 2028)

9.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Patient Monitoring Market is accounted for $42.3 billion in 2022 and is expected to reach $71.3 billion by 2028 growing at a CAGR of 9.1% during the forecast period. A patient monitoring system is a collection of tools that allow medical personnel to keep tabs on a patient's wellbeing. These devices, which are also known as remote physiologic monitoring, are frequently employed for remote patient monitoring. It is a group of devices or pieces of machinery used to track and record changes in patients' welfare while continuously monitoring them using a variety of vital signs and warning systems. Patients don't need to see a doctor as frequently, which saves money on its own. It enables appropriate adjustments to the patient's care plan and enhances data-driven clinical decision making.

According to the World Health Organization (WHO), about 422 million people globally have diabetes and around 235 million people suffer from asthma.



Market Dynamics:

Driver:

Growing demand in non-hospital settings


For governments all across the world, the sustainability of the existing healthcare system is a major issue of concern. The emphasis is now on alternate treatment modalities like home healthcare because of the growing healthcare costs, particularly in hospital settings. The usage of remote and home monitoring devices has increased, which has resulted in a significant reduction in hospital readmissions. An increase in the need for effective home-use technology, such as fetal and neonatal monitors, temperature monitors, pulse oximeters, EEG recorders, and event and ECG monitors, is accelerating the market demand.

Restraint:

Huge price rates


A few of the international efforts being made to lower healthcare costs include price regulations, competitive pricing, bidding and contract procedures, coverage and payment policies, comparative efficacy of medications, technology assessments, and managed-care arrangements. Taxes are predicted to push up operational expenses and adversely impact medical device businesses cash flow in the world's main healthcare markets.

Opportunity:

Rising trend of patient monitoring wearables


Applications for wearable patient monitoring devices include continuous glucose monitoring, temperature monitoring, blood pressure monitoring, and pulse oximetry. The Internet of Things is available on newer generations of wearable technologies. Platforms for telehealth and better patient monitoring will be easier to design as wireless data transmission networks get better and are more widely available. The market demand is being propelled by the increase in wearable biosensors.

Threat:

Risk of equipment malfunction


Systems might fail due to faulty hardware or inadequate planning, thus it's critical to establish methods for anticipating and resolving system failures. Risk analysis related to system failures should be viewed as essential, especially for safety-critical applications like patient monitoring devices that deal with human health. This aspect is threatening the demand of the product.

Covid-19 Impact

Social segregation and quarantining practices have been used all across the world during the COVID-19 pandemic. As a consequence, many individuals avoided frequent hospital visits. This highlighted the necessity of routinely checking their home's temperature and oxygen levels to keep track on their health. Wearable technology aids in the identification of many chronic illnesses by merging clinical symptoms with vital indications. As a result, the use of wearable technologies to combat COVID-19 has dramatically increased.

The blood glucose monitoring devices segment is expected to be the largest during the forecast period

The blood glucose monitoring devices segment is estimated to have a lucrative growth. Blood glucose monitoring systems include self-monitoring glucose systems and continuous monitoring systems. The introduction of new products and the expanding use of blood glucose monitoring equipment in developing nations, together with the rising incidence and prevalence of diabetes, are anticipated to drive sector expansion.

The hospitals & clinics segment is expected to have the highest CAGR during the forecast period

The hospitals & clinics segment is anticipated to witness the fastest CAGR growth during the forecast period. A large target patient population especially in emerging economies mostly prefers hospitals and clinics. The growing volume of procedures in hospital settings, and the financial support provided by hospitals for the introduction of various technologically advanced patient monitoring device products are all factors contributing to the large share of this market.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to huge prevalence of infectious illnesses. This region has large geriatric population and many and favourable public and private players are making huge investments on healthcare infrastructure. In addition, the expansion of hospital infrastructure and the rise in the number of ambulatory surgery centers are anticipated to drive the APAC region market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. In North America, the incidence and prevalence of chronic illnesses are dramatically increasing. There are significant manufacturers notably GE Healthcare, Edward Lifesciences, Masimo Corporation and Natus Medical. They are investing on R&D to build facilities for more modern patient monitoring devices. The market expansion in this area is being accelerated by the expanding population and the growing demand to save healthcare costs.



Key players in the market

Some of the key players profiled in the Patient Monitoring Market include Abbott Laboratories, SCHILLER , Biotelemetry, Inc, Baxter International Inc, BIOTRONIK, Shenzhen Mindray Bio-Medical, Natus Medical Medtronic plc, Boston Scientific Corporation, Edwards Lifesciences Corporation, Masimo Corporation, Compumedics Limited Electronics Co., Ltd, OMRON Corporation, Nonin, GE Healthcare, Johnson & Johnson, Medtronic PLC, Koninklijke Philips NV, Becton, Dickinson and Company, Smiths Medical and Siemens Healthineers.

Key Developments:

In September 2022, GE Healthcare, a leading global medical technology, diagnostics and digital solutions innovator announced the launch of its first 'Made in India', 'AI-powered' Cath lab - Optima IGS 320 to advance cardiac care in India.

In July 2022, Johnson & Johnson Consumer Health has unveiled Vivvi & Bloom, an Environmental Working Group (EWG) certified skin and hair care brand for babies and toddlers. The brand was co-created with a community called "The Village", including Millennial and Gen-Z parents as well as caregivers who gave their input about what they wanted.

In April 2022, Philips Healthcare launched the new Philips Sonicare range of electric toothbrush series that features advanced sonic technology. It provides three to seven times better plaque removal as compared to manual toothbrushes.

Device Types Covered:
• Cardiac Monitoring Devices
• Respiratory Monitoring Devices
• Neuro Monitoring Devices
• Hemodynamic Monitoring Devices
• Multi-Parameter Monitoring Devices
• Weight Monitoring Devices
• Temperature Monitoring Devices
• Blood Glucose Monitoring Devices
• Other Device Types

Applications Covered:
• Cardiology
• Fetal & Neonatal
• Neurology
• Respiratory
• Weight Management & Fitness Monitoring
• Other Applications

End Users Covered:
• Home Healthcare
• Hospitals & Clinics
• Ambulatory Surgery Centers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Patient Monitoring Market, By Device Type
5.1 Introduction
5.2 Cardiac Monitoring Devices
5.3 Respiratory Monitoring Devices
5.4 Neuro Monitoring Devices
5.5 Hemodynamic Monitoring Devices
5.6 Multi-Parameter Monitoring Devices
5.7 Weight Monitoring Devices
5.8 Temperature Monitoring Devices
5.9 Blood Glucose Monitoring Devices
5.10 Other Device Types

6 Global Patient Monitoring Market, By Application
6.1 Introduction
6.2 Cardiology
6.3 Fetal & Neonatal
6.4 Neurology
6.5 Respiratory
6.6 Weight Management & Fitness Monitoring
6.7 Other Applications

7 Global Patient Monitoring Market, By End User
7.1 Introduction
7.2 Home Healthcare
7.3 Hospitals & Clinics
7.4 Ambulatory Surgery Centers
7.5 Other End Users

8 Global Patient Monitoring Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Abbott Laboratories
10.2 SCHILLER
10.3 Biotelemetry, Inc
10.4 Baxter International Inc
10.5 BIOTRONIK
10.6 Shenzhen Mindray Bio-Medical
10.7 Natus Medical Medtronic plc
10.8 Boston Scientific Corporation
10.9 Edwards Lifesciences Corporation
10.10 Masimo Corporation
10.11 Compumedics Limited Electronics Co., Ltd
10.12 OMRON Corporation
10.13 Nonin
10.14 GE Healthcare
10.15 Johnson & Johnson
10.16 Medtronic PLC
10.17 Koninklijke Philips NV
10.18 Becton, Dickinson and Company
10.19 Smiths Medical
10.20 Siemens Healthineers

List of Tables
1 Global Patient Monitoring Market Outlook, By Region (2020-2028) ($MN)
2 Global Patient Monitoring Market Outlook, By Device Type (2020-2028) ($MN)
3 Global Patient Monitoring Market Outlook, By Cardiac Monitoring Devices (2020-2028) ($MN)
4 Global Patient Monitoring Market Outlook, By Respiratory Monitoring Devices (2020-2028) ($MN)
5 Global Patient Monitoring Market Outlook, By Neuro Monitoring Devices (2020-2028) ($MN)
6 Global Patient Monitoring Market Outlook, By Hemodynamic Monitoring Devices (2020-2028) ($MN)
7 Global Patient Monitoring Market Outlook, By Multi-Parameter Monitoring Devices (2020-2028) ($MN)
8 Global Patient Monitoring Market Outlook, By Weight Monitoring Devices (2020-2028) ($MN)
9 Global Patient Monitoring Market Outlook, By Temperature Monitoring Devices (2020-2028) ($MN)
10 Global Patient Monitoring Market Outlook, By Blood Glucose Monitoring Devices (2020-2028) ($MN)
11 Global Patient Monitoring Market Outlook, By Other Device Types (2020-2028) ($MN)
12 Global Patient Monitoring Market Outlook, By Application (2020-2028) ($MN)
13 Global Patient Monitoring Market Outlook, By Cardiology (2020-2028) ($MN)
14 Global Patient Monitoring Market Outlook, By Fetal & Neonatal (2020-2028) ($MN)
15 Global Patient Monitoring Market Outlook, By Neurology (2020-2028) ($MN)
16 Global Patient Monitoring Market Outlook, By Respiratory (2020-2028) ($MN)
17 Global Patient Monitoring Market Outlook, By Weight Management & Fitness Monitoring (2020-2028) ($MN)
18 Global Patient Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
19 Global Patient Monitoring Market Outlook, By End User (2020-2028) ($MN)
20 Global Patient Monitoring Market Outlook, By Home Healthcare (2020-2028) ($MN)
21 Global Patient Monitoring Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
22 Global Patient Monitoring Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
23 Global Patient Monitoring Market Outlook, By Other End Users (2020-2028) ($MN)
24 North America Patient Monitoring Market Outlook, By Country (2020-2028) ($MN)
25 North America Patient Monitoring Market Outlook, By Device Type (2020-2028) ($MN)
26 North America Patient Monitoring Market Outlook, By Cardiac Monitoring Devices (2020-2028) ($MN)
27 North America Patient Monitoring Market Outlook, By Respiratory Monitoring Devices (2020-2028) ($MN)
28 North America Patient Monitoring Market Outlook, By Neuro Monitoring Devices (2020-2028) ($MN)
29 North America Patient Monitoring Market Outlook, By Hemodynamic Monitoring Devices (2020-2028) ($MN)
30 North America Patient Monitoring Market Outlook, By Multi-Parameter Monitoring Devices (2020-2028) ($MN)
31 North America Patient Monitoring Market Outlook, By Weight Monitoring Devices (2020-2028) ($MN)
32 North America Patient Monitoring Market Outlook, By Temperature Monitoring Devices (2020-2028) ($MN)
33 North America Patient Monitoring Market Outlook, By Blood Glucose Monitoring Devices (2020-2028) ($MN)
34 North America Patient Monitoring Market Outlook, By Other Device Types (2020-2028) ($MN)
35 North America Patient Monitoring Market Outlook, By Application (2020-2028) ($MN)
36 North America Patient Monitoring Market Outlook, By Cardiology (2020-2028) ($MN)
37 North America Patient Monitoring Market Outlook, By Fetal & Neonatal (2020-2028) ($MN)
38 North America Patient Monitoring Market Outlook, By Neurology (2020-2028) ($MN)
39 North America Patient Monitoring Market Outlook, By Respiratory (2020-2028) ($MN)
40 North America Patient Monitoring Market Outlook, By Weight Management & Fitness Monitoring (2020-2028) ($MN)
41 North America Patient Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
42 North America Patient Monitoring Market Outlook, By End User (2020-2028) ($MN)
43 North America Patient Monitoring Market Outlook, By Home Healthcare (2020-2028) ($MN)
44 North America Patient Monitoring Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
45 North America Patient Monitoring Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
46 North America Patient Monitoring Market Outlook, By Other End Users (2020-2028) ($MN)
47 Europe Patient Monitoring Market Outlook, By Country (2020-2028) ($MN)
48 Europe Patient Monitoring Market Outlook, By Device Type (2020-2028) ($MN)
49 Europe Patient Monitoring Market Outlook, By Cardiac Monitoring Devices (2020-2028) ($MN)
50 Europe Patient Monitoring Market Outlook, By Respiratory Monitoring Devices (2020-2028) ($MN)
51 Europe Patient Monitoring Market Outlook, By Neuro Monitoring Devices (2020-2028) ($MN)
52 Europe Patient Monitoring Market Outlook, By Hemodynamic Monitoring Devices (2020-2028) ($MN)
53 Europe Patient Monitoring Market Outlook, By Multi-Parameter Monitoring Devices (2020-2028) ($MN)
54 Europe Patient Monitoring Market Outlook, By Weight Monitoring Devices (2020-2028) ($MN)
55 Europe Patient Monitoring Market Outlook, By Temperature Monitoring Devices (2020-2028) ($MN)
56 Europe Patient Monitoring Market Outlook, By Blood Glucose Monitoring Devices (2020-2028) ($MN)
57 Europe Patient Monitoring Market Outlook, By Other Device Types (2020-2028) ($MN)
58 Europe Patient Monitoring Market Outlook, By Application (2020-2028) ($MN)
59 Europe Patient Monitoring Market Outlook, By Cardiology (2020-2028) ($MN)
60 Europe Patient Monitoring Market Outlook, By Fetal & Neonatal (2020-2028) ($MN)
61 Europe Patient Monitoring Market Outlook, By Neurology (2020-2028) ($MN)
62 Europe Patient Monitoring Market Outlook, By Respiratory (2020-2028) ($MN)
63 Europe Patient Monitoring Market Outlook, By Weight Management & Fitness Monitoring (2020-2028) ($MN)
64 Europe Patient Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
65 Europe Patient Monitoring Market Outlook, By End User (2020-2028) ($MN)
66 Europe Patient Monitoring Market Outlook, By Home Healthcare (2020-2028) ($MN)
67 Europe Patient Monitoring Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
68 Europe Patient Monitoring Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
69 Europe Patient Monitoring Market Outlook, By Other End Users (2020-2028) ($MN)
70 Asia Pacific Patient Monitoring Market Outlook, By Country (2020-2028) ($MN)
71 Asia Pacific Patient Monitoring Market Outlook, By Device Type (2020-2028) ($MN)
72 Asia Pacific Patient Monitoring Market Outlook, By Cardiac Monitoring Devices (2020-2028) ($MN)
73 Asia Pacific Patient Monitoring Market Outlook, By Respiratory Monitoring Devices (2020-2028) ($MN)
74 Asia Pacific Patient Monitoring Market Outlook, By Neuro Monitoring Devices (2020-2028) ($MN)
75 Asia Pacific Patient Monitoring Market Outlook, By Hemodynamic Monitoring Devices (2020-2028) ($MN)
76 Asia Pacific Patient Monitoring Market Outlook, By Multi-Parameter Monitoring Devices (2020-2028) ($MN)
77 Asia Pacific Patient Monitoring Market Outlook, By Weight Monitoring Devices (2020-2028) ($MN)
78 Asia Pacific Patient Monitoring Market Outlook, By Temperature Monitoring Devices (2020-2028) ($MN)
79 Asia Pacific Patient Monitoring Market Outlook, By Blood Glucose Monitoring Devices (2020-2028) ($MN)
80 Asia Pacific Patient Monitoring Market Outlook, By Other Device Types (2020-2028) ($MN)
81 Asia Pacific Patient Monitoring Market Outlook, By Application (2020-2028) ($MN)
82 Asia Pacific Patient Monitoring Market Outlook, By Cardiology (2020-2028) ($MN)
83 Asia Pacific Patient Monitoring Market Outlook, By Fetal & Neonatal (2020-2028) ($MN)
84 Asia Pacific Patient Monitoring Market Outlook, By Neurology (2020-2028) ($MN)
85 Asia Pacific Patient Monitoring Market Outlook, By Respiratory (2020-2028) ($MN)
86 Asia Pacific Patient Monitoring Market Outlook, By Weight Management & Fitness Monitoring (2020-2028) ($MN)
87 Asia Pacific Patient Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
88 Asia Pacific Patient Monitoring Market Outlook, By End User (2020-2028) ($MN)
89 Asia Pacific Patient Monitoring Market Outlook, By Home Healthcare (2020-2028) ($MN)
90 Asia Pacific Patient Monitoring Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
91 Asia Pacific Patient Monitoring Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
92 Asia Pacific Patient Monitoring Market Outlook, By Other End Users (2020-2028) ($MN)
93 South America Patient Monitoring Market Outlook, By Country (2020-2028) ($MN)
94 South America Patient Monitoring Market Outlook, By Device Type (2020-2028) ($MN)
95 South America Patient Monitoring Market Outlook, By Cardiac Monitoring Devices (2020-2028) ($MN)
96 South America Patient Monitoring Market Outlook, By Respiratory Monitoring Devices (2020-2028) ($MN)
97 South America Patient Monitoring Market Outlook, By Neuro Monitoring Devices (2020-2028) ($MN)
98 South America Patient Monitoring Market Outlook, By Hemodynamic Monitoring Devices (2020-2028) ($MN)
99 South America Patient Monitoring Market Outlook, By Multi-Parameter Monitoring Devices (2020-2028) ($MN)
100 South America Patient Monitoring Market Outlook, By Weight Monitoring Devices (2020-2028) ($MN)
101 South America Patient Monitoring Market Outlook, By Temperature Monitoring Devices (2020-2028) ($MN)
102 South America Patient Monitoring Market Outlook, By Blood Glucose Monitoring Devices (2020-2028) ($MN)
103 South America Patient Monitoring Market Outlook, By Other Device Types (2020-2028) ($MN)
104 South America Patient Monitoring Market Outlook, By Application (2020-2028) ($MN)
105 South America Patient Monitoring Market Outlook, By Cardiology (2020-2028) ($MN)
106 South America Patient Monitoring Market Outlook, By Fetal & Neonatal (2020-2028) ($MN)
107 South America Patient Monitoring Market Outlook, By Neurology (2020-2028) ($MN)
108 South America Patient Monitoring Market Outlook, By Respiratory (2020-2028) ($MN)
109 South America Patient Monitoring Market Outlook, By Weight Management & Fitness Monitoring (2020-2028) ($MN)
110 South America Patient Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
111 South America Patient Monitoring Market Outlook, By End User (2020-2028) ($MN)
112 South America Patient Monitoring Market Outlook, By Home Healthcare (2020-2028) ($MN)
113 South America Patient Monitoring Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
114 South America Patient Monitoring Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
115 South America Patient Monitoring Market Outlook, By Other End Users (2020-2028) ($MN)
116 Middle East & Africa Patient Monitoring Market Outlook, By Country (2020-2028) ($MN)
117 Middle East & Africa Patient Monitoring Market Outlook, By Device Type (2020-2028) ($MN)
118 Middle East & Africa Patient Monitoring Market Outlook, By Cardiac Monitoring Devices (2020-2028) ($MN)
119 Middle East & Africa Patient Monitoring Market Outlook, By Respiratory Monitoring Devices (2020-2028) ($MN)
120 Middle East & Africa Patient Monitoring Market Outlook, By Neuro Monitoring Devices (2020-2028) ($MN)
121 Middle East & Africa Patient Monitoring Market Outlook, By Hemodynamic Monitoring Devices (2020-2028) ($MN)
122 Middle East & Africa Patient Monitoring Market Outlook, By Multi-Parameter Monitoring Devices (2020-2028) ($MN)
123 Middle East & Africa Patient Monitoring Market Outlook, By Weight Monitoring Devices (2020-2028) ($MN)
124 Middle East & Africa Patient Monitoring Market Outlook, By Temperature Monitoring Devices (2020-2028) ($MN)
125 Middle East & Africa Patient Monitoring Market Outlook, By Blood Glucose Monitoring Devices (2020-2028) ($MN)
126 Middle East & Africa Patient Monitoring Market Outlook, By Other Device Types (2020-2028) ($MN)
127 Middle East & Africa Patient Monitoring Market Outlook, By Application (2020-2028) ($MN)
128 Middle East & Africa Patient Monitoring Market Outlook, By Cardiology (2020-2028) ($MN)
129 Middle East & Africa Patient Monitoring Market Outlook, By Fetal & Neonatal (2020-2028) ($MN)
130 Middle East & Africa Patient Monitoring Market Outlook, By Neurology (2020-2028) ($MN)
131 Middle East & Africa Patient Monitoring Market Outlook, By Respiratory (2020-2028) ($MN)
132 Middle East & Africa Patient Monitoring Market Outlook, By Weight Management & Fitness Monitoring (2020-2028) ($MN)
133 Middle East & Africa Patient Monitoring Market Outlook, By Other Applications (2020-2028) ($MN)
134 Middle East & Africa Patient Monitoring Market Outlook, By End User (2020-2028) ($MN)
135 Middle East & Africa Patient Monitoring Market Outlook, By Home Healthcare (2020-2028) ($MN)
136 Middle East & Africa Patient Monitoring Market Outlook, By Hospitals & Clinics (2020-2028) ($MN)
137 Middle East & Africa Patient Monitoring Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
138 Middle East & Africa Patient Monitoring Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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