The market for centralized patient monitoring system is expected to grow at a CAGR of around 6.5% from 2020 to 2027 and expected to reach the market value of around US$ 26 Bn by 2027.
The centralized patient monitoring system is a smart monitoring management system that connects a series of patient monitors together and back to a central monitor. These systems can also provide data storage and review capabilities, and ensures a complete patient record by facilitating automated patient and data transfer between multiple departments. Some of the other features include arrhythmia detection, full disclosure, graphic, tabular trends, continuous monitoring from low to high acuity, early warning scoring, mobility, and data security. Systems by some of the major players can also provide flexible trending and display capability, advanced alarm management, and virtualized platforms.
Market Dynamics
The rising number of hospital patients admissions coupled with the scarcity of skilled healthcare professionals is driving the market growth. The increased pressure on available healthcare resources due to the growing number of patient admissions, the growing geriatric population, an increasing number of hospital beds, especially in developing regions are accelerating the demand for centralized system for better functionality. Furthermore, ongoing R&D activities and technological advancement are projected to create potential opportunities during the estimated timeframe.
On the other side, the use of central patient monitoring systems is still debatable since it is believed that the hospital personals may pay more attention to the equipment instead of the patient itself. Additionally, the risk of false alarms that can alarm fatigue, as a result, the staff may miss an actually critical patient event are some of the factors likely to hinder the growth to an extent over the forecast period.
Segment Instance
Based on number of patients, more than 64 patients segment is estimated to experience fastest growth over the forecast period
The increasing number of patients in the hospital is primarily supporting the significant growth of more than 64 patients segments in the market. The rising prevalence of chronic diseases that require surgery and hospitalized treatment is bolstering the segmental market growth.
North America is leading the market with maximum revenue share in the market
In 2019, North America is having a potential share in the global market and the region is also projected to maintain its dominance over the forecast period in the centralized patient monitoring system market. The well-established healthcare infrastructure along with the presence of advanced technology solutions is propelling the regional market value. The major developed economies of the region including the US and Canada are bolstering the market value. The presence of major players in the region is another prominent factor propelling the growth.
Asia Pacific is anticipated to experience the fastest growth over the forecast period from 2020 to 2027
The bolstering use of technology solutions in the healthcare sector of the region along with the increased funding is supporting the regional market growth. The developing economies of the region including China and India are contributing to the growth of the Centralized patient monitoring system market. The increasing disposable income, as a result, the spending power of people has increased for taking healthcare solutions is propelling the regional market value.
Key Market Players
The players profiled in the report include Criticare Systems Inc. (US), GE Healthcare (US), Heyer Medical AG (Germany), Hipac, Healthcare Pty Ltd (Australia), Infinium Medical (US), Mediana (South Korea), MindRay (China), Nihon Kohden (Japan), Philips Healthcare (Netherlands), Sunray (US), Universal Medical Instruments, and others.
Market Segmentation
Market By Number of Patients
Upto 16 Patients
17-32 Patients
33-64 Patients
More than 64 patients
Market By End-Users
Hospitals
Ambulatory Surgical Centers
Trauma Centers
Others
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Centralized Patient Monitoring System
1.1. Definition and Scope
1.1.1. Definition of Centralized Patient Monitoring System
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Centralized Patient Monitoring System Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Centralized Patient Monitoring System Market By Number of Patients
1.2.3. Centralized Patient Monitoring System Market By End-Users
1.2.4. Centralized Patient Monitoring System Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Centralized Patient Monitoring System Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Centralized Patient Monitoring System Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Centralized Patient Monitoring System Major Manufacturers in 2019
CHAPTER 5. Centralized Patient Monitoring System Market By Number of Patients
5.1. Introduction
5.2. Centralized Patient Monitoring System Revenue By Number of Patients
5.2.1. Centralized Patient Monitoring System Revenue (US$ Mn) and Forecast, By Number of Patients, 2016-2027
5.2.2. Upto 16 Patients
5.2.2.1. Upto 16 Patients Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. 17-32 Patients
5.2.3.1. 17-32 Patients Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. 33-64 Patients
5.2.4.1. 33-64 Patients Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. More than 64 Patients
5.2.5.1. More than 64 Patients Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Centralized Patient Monitoring System Market Revenue By End-Users
6.1. Introduction
6.2. Centralized Patient Monitoring System Revenue (US$ Mn) By End-Users
6.2.1. Centralized Patient Monitoring System Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
6.2.2. Hospitals
6.2.2.1. Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Ambulatory Surgical Centers
6.2.3.1. Ambulatory Surgical Centers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Trauma Centers
6.2.4.1. Trauma Centers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Others
6.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. North America Centralized Patient Monitoring System Market By Country
7.1. North America Centralized Patient Monitoring System Overview
7.2. U.S.
7.2.1. U.S. Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
7.2.2. U.S. Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
7.3. Canada
7.3.1. Canada Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
7.3.2. Canada Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
7.4. North America PEST Analysis
CHAPTER 8. Europe Centralized Patient Monitoring System Market By Country
8.1. Europe Centralized Patient Monitoring System Market Overview
8.2. U.K.
8.2.1. U.K. Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
8.2.2. U.K. Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
8.3. Germany
8.3.1. Germany Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
8.3.2. Germany Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
8.4. France
8.4.1. France Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
8.4.2. France Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
8.5. Spain
8.5.1. Spain Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
8.5.2. Spain Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
8.6. Rest of Europe
8.6.1. Rest of Europe Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016-2027
8.6.2. Rest of Europe Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016-2027
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Centralized Patient Monitoring System Market By Country
9.1. Asia Pacific Centralized Patient Monitoring System Market Overview
9.2. China
9.2.1. China Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
9.2.2. China Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
9.3. Japan
9.3.1. Japan Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
9.3.2. Japan Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
9.4. India
9.4.1. India Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
9.4.2. India Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
9.5. Australia
9.5.1. Australia Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
9.5.2. Australia Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
9.6. South Korea
9.6.1. South Korea Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
9.6.2. South Korea Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
9.7.2. Rest of Asia-Pacific Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Centralized Patient Monitoring System Market By Country
10.1. Latin America Centralized Patient Monitoring System Market Overview
10.2. Brazil
10.2.1. Brazil Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
10.2.2. Brazil Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
10.3. Mexico
10.3.1. Mexico Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
10.3.2. Mexico Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
10.4. Rest of Latin America
10.4.1. Rest of Latin America Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
CHAPTER 11. Middle East & Africa Centralized Patient Monitoring System Market By Country
11.1. Middle East & Africa Centralized Patient Monitoring System Market Overview
11.2. Saudi Arabia
11.2.1. Saudi Arabia Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
11.2.2. Saudi Arabia Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
11.3. UAE
11.3.1. UAE Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
11.3.2. UAE Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By Number of Patients, 2016 - 2027
11.4.2. Rest of Middle East & Africa Centralized Patient Monitoring System Market Revenue (US$ Mn) and Forecast By End-Users, 2016 - 2027
CHAPTER 12. Player Analysis Of Centralized Patient Monitoring System
12.1. Centralized Patient Monitoring System Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Centralized Patient Monitoring System Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. COMPANY PROFILE
13.1. Criticare Systems Inc. (US)
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (US$ Mn), 2019
13.1.3.2. Criticare Systems Inc. (US) 2019 Centralized Patient Monitoring System Business Regional Distribution
13.1.4. Product/ Service and Specification
13.1.5. Recent Developments & Business Strategy
13.1.6. Manufacturing Plant Footprint Analysis
13.2. GE Healthcare (US)
13.3. Heyer Medical AG (Germany)
13.4. Hipac Healthcare Pty Ltd (Australia)
13.5. Infinium Medical (US)
13.6. Mediana (South Korea)
13.7. MindRay (China)
13.8. Nihon Kohden (Japan)
13.9. Philips Healthcare (Netherlands)
13.10. Sunray (US)
13.11. Universal Medical Instruments
13.12. Others
