US and European Patient Monitoring Solutions Market, Forecast to 2023

US and European Patient Monitoring Solutions Market, Forecast to 2023

The Shift from In-hospital Care to Home-based Care is Expected to Drive the Patient Monitoring Industry in the Forecast Period

RELEASE DATE
25-Sep-2019
REGION
North America
Research Code: 9AB9-00-AE-00-00
SKU: HC03224-NA-MR_23640
$1,500.00
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$1,500.00
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Description

The study aims to analyse and forecast future trends for the US and European patient monitoring solutions market. The industry is transitioning and the focus of patient monitoring solutions market participants has been evolving significantly. The study provides key market breakdowns, trends, strategies, and challenges impacting the US and European markets. Market measurements have been analyzed for 2018. Market analysis is provided by care setting including acute care setting, extended care setting, and home care. Key mergers and acquisitions and technologies have also been listed. Strategies adopted by OEMs (like Masimo, Baxter, Medtronic, Biotronik, Philips, Nihon Kohden, Hill Rom) growth analysis, competitive landscape, future technology trends, and Tier II suppliers have been discussed. The base year for the study is 2018. A growing number of OEMs are starting to look at monitoring devices as a solution in response to the increasing pressure from governmental authorities to meet the stringent cost constraints and the need to sell efficiency solutions. Facing budget constraints and a shift toward value-based care, the healthcare industry is changing in all facets, including patient monitoring. Well established and mature, the patient monitoring industry is saturated in developed countries. The change seen in this segment is primarily related to optimization; using resources more efficiently through improved processes and reducing inpatient cost through better remote care are two integral aspects. The goal of patient monitoring is to warn patients and care givers of early or potentially dangerous health deterioration signs in a patient. Current processes are effective but can be made more efficient while reducing cost and staff requirement. The industry is seeing a shift to home-based care from in-hospital care, especially for patients with chronic illness. This key demographic must continue to be monitored outside of clinical settings to keep costs in check and mitigate the strain readmissions place on the healthcare systems. Patients demand certain criteria (less cumbersome, less invasive, more accurate devices) and innovation on current solutions is needed to meet their needs. The market may be mature but sees exciting innovation opportunities in existing devices.

Key Issues Addressed

  • What are the top technology trends and key models that will transform the industry? What impacts will they have on the industry?
  • What is the key segment OEMs look for in 2018 and beyond? What are the companies to watch for in 2019?
  • Who are the key market participants by segment in the significant regions?
  • What are the opportunities for upcoming market players and suppliers going to be from 2017 to 2025? What impact will these opportunities have on the industry?

Author: Sowmya Rajagopalan

Table of Contents

Key Findings

Analyst Perspective

Spending on Patient Monitoring in the US and EU (UK, FR, GE, IT, SP)

Patient Monitoring Spending by Country/Care Continuum

Focus of Original Equipment Manufacturers (OEMs) in Patient Monitoring

Spending in Patient Monitoring Sector—Summary

Strategic Imperatives

Trends Shaping Patient Monitoring Industry

Top-level Snapshot of Market Participants by Care Continuum

Patient Monitoring Types by Care Continuum

Drivers and Restraints

Overview of Acute Care Monitoring—Application and Spending

Acute Care Monitoring Unmet Needs and Opportunity Analysis

Select List of Relevant Companies

Overview of Extended Care Monitoring—Application and Spending

Extended Care Monitoring Unmet Needs and Opportunity Analysis

Select List of Relevant Companies

Overview of Home Care Monitoring—Application and Spending

Home Care Monitoring Unmet Needs and Opportunity Analysis

Select List of Relevant Companies

Technology 1—Continuous Remote Monitoring

Technology 2—Smartphone Connected Monitoring

Technology 3—Machine Learning and AI Capable Monitoring

Technology 4—(Mobile) Wearable Devices

Mergers & Acquisitions

Mergers & Acquisitions (continued)

Select Partnerships and Collaborations in Patient Monitoring

Strategic Intent Behind M&As

Shifting Care Delivery in Patient Monitoring Industry

Growth Opportunity by Technologies in Patient Monitoring Industry

Select Patient Monitoring Technologies Impact by Care Settings

Growth Opportunity Areas for Companies

Growth Opportunity 1—Proactive, Continuous, Real-time Monitoring

Growth Opportunity 2—Monitoring for Integrated Care

Growth Opportunity 3—Customized and Improved Care for Comorbidities

Future Trends in Patient Monitoring Sector by Applications

Strategic Imperatives

Future Trends in the Patient Monitoring Industry

Analyst Perspective

Three Big Predictions

Strategic Imperative and Growth Opportunities for Companies

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The study aims to analyse and forecast future trends for the US and European patient monitoring solutions market. The industry is transitioning and the focus of patient monitoring solutions market participants has been evolving significantly. The study provides key market breakdowns, trends, strategies, and challenges impacting the US and European markets. Market measurements have been analyzed for 2018. Market analysis is provided by care setting including acute care setting, extended care setting, and home care. Key mergers and acquisitions and technologies have also been listed. Strategies adopted by OEMs (like Masimo, Baxter, Medtronic, Biotronik, Philips, Nihon Kohden, Hill Rom) growth analysis, competitive landscape, future technology trends, and Tier II suppliers have been discussed. The base year for the study is 2018. A growing number of OEMs are starting to look at monitoring devices as a solution in response to the increasing pressure from governmental authorities to meet the stringent cost constraints and the need to sell efficiency solutions. Facing budget constraints and a shift toward value-based care, the healthcare industry is changing in all facets, including patient monitoring. Well established and mature, the patient monitoring industry is saturated in developed countries. The change seen in this segment is primarily related to optimization; using resources more efficiently through improved processes and reducing inpatient cost through better remote care are two integral aspects. The goal of patient monitoring is to warn patients and care givers of early or potentially dangerous health deterioration signs in a patient. Current processes are effective but can be made more efficient while reducing cost and staff requirement. The industry is seeing a shift to home-based care from in-hospital care, especially for patients with chronic illness. This key demographic must continue to be monitored outside of clinical settings to keep costs in check and mitigate the strain readmissions place on the healthcare systems. Patients demand certain criteria (less cumbersome, less invasive, more accurate devices) and innovation on current solutions is needed to meet their needs. The market may be mature but sees exciting innovation opportunities in existing devices.--BEGIN PROMO--

Key Issues Addressed

  • What are the top technology trends and key models that will transform the industry? What impacts will they have on the industry?
  • What is the key segment OEMs look for in 2018 and beyond? What are the companies to watch for in 2019?
  • Who are the key market participants by segment in the significant regions?
  • What are the opportunities for upcoming market players and suppliers going to be from 2017 to 2025? What impact will these opportunities have on the industry?

Author: Sowmya Rajagopalan

More Information
No Index No
Podcast No
Author Sowmya Rajagopalan
Industries Healthcare
WIP Number 9AB9-00-AE-00-00
Is Prebook No
GPS Codes 9600-B1,9A47-B1,9A48-B1,9A4B-B1