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Lack Of Disease Awareness Restrains Patient Monitoring Equipment Market

(July 09, 2018)

Globally, awareness of many chronic diseases is low, despite governmental efforts to increase it in many countries, the Medical Equipment Global Market Report 2018 from The Business Research Company shows. For example, the UK's NHS in 2015 stated that about 3.9 million people in the country have diabetes, while over 590,000 people are unaware or undiagnosed. Again, a study conducted by the Indian Council of Medical Research (ICMR) on 213 million people found that only 43.2% are aware of the chronic disease diabetes.

This lack of disease awareness limits the diagnosis, treatment and monitoring of chronic diseases, which are the fastest-growing part of the market for patient monitoring equipment as well as of disease generally. According to a UN article, by 2030 the proportion of global deaths due to chronic diseases is expected to increase to 70% of total deaths, while the global burden of chronic disease is expected to reach about 60%. A significant increase in patient and practitioner awareness could therefore expand the global market for patient monitoring devices beyond its present global value of $20 billion and growth rate of 7.2% year on year.

 

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The patient monitoring devices market covers cardiac monitors, neuromonitors, including electroencephalographs and transcranial dopplers, respiratory monitors including capnographs and anesthesia monitors, hemodynamic monitors, including  blood pressure, blood glucose and cholesterol monitors, fetal and neonatal monitors, including ultrasound dopplers. Multi-parameter monitors that either continuously or intermittently measure a patient’s blood pressure, pulse, body temperature, respiration rate and other data concurrently are commonly used in critical care and emergency units. These are also part of this market as are thermometers and scales.

The leading manufacturers of patient monitoring systems are Germany’s Siemens Healthineers and Drägerwerk, the USA’s GE Healthcare, Philips Healthcare, which is headquartered in both Holland and the USA, and Ireland’s Medtronic Plc. There has been a high level of merger and acquisition activity in the patient monitoring devices market in the last 3 years. Much of the M&A activity was driven by leading players seeking to expand their range of technologically advanced products, services and knowhow. For example, when Welch Allyn acquired HealthInterlink in December 2104, it acquired the rights to HealthInterlink’s Beacon, a software application that monitors, communicates and manages patients in their homes. Again, in September 2015 Zoll acquired Kyma Medical Technologies for $35 million, so gaining the use of Kyma’s technologies that measure early signs of congestive heart failure.

Where To Learn More

Read the Medical Equipment Global Market Report 2018 from The Business Research Company for information on the following:

Markets Covered: Medical equipment, healthcare market, in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology & urology devices, patient monitoring devices, anesthesia and respiratory devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, neurology devices

Medical Equipment Market Companies Covered: Medtronic Plc., Johnson & Johnson, Siemens AG, Abbott Laboratories, Koninklijke Philips NV, General Electric Company, Danaher Corporation, Becton, Dickinson and Company, Baxter International Inc., 3M Company

Regions: North America, Asia Pacific, Western Europe, South America, Eastern Europe, Middle East, Africa.

Countries: USA, China, UK, Japan, France, Germany, Australia, India, Spain, Russia, Italy, Brazil

Time Series: Five years historic (2013-17) and forecast (2017-21).

Data Segmentations: Medical equipment market historic and forecast size and growth rates for the world, 7 regions and 12 countries, medical equipment market segmentation by type (in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology & urology devices, patient monitoring devices, anesthesia and respiratory devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, neurology devices) market shares, historic and forecast size and growth rates for the world, 7 regions and 12 countries, global competitor sales and market shares.  

Healthcare market segment shares for the world, 7 regions and 12 countries, healthcare market historic and forecast size and growth rates for the world, 7 regions and 12 countries

Other Data: Per capita average medical equipment expenditure, global and by country, medical equipment market size as a percentage of GDP, global and by country; global number of medical equipment enterprises for 2017, average medical equipment market revenue per enterprise for 2017, global number of employees in the medical equipment industry for 2017, and average revenues per employee in the medical equipment industry for 2017- by country

Other Information: Drivers and restraints of the global medical equipment market, PESTEL analysis, medical equipment market customer information, company profiles including products, strategy and financial performance for 5 medical equipment companies, medical equipment market trends and strategies, medical equipment market key mergers and acquisitions

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes. Sources include primary as well as extensive secondary research.

Number of Figures in the report: 141

Number of Tables in the report: 145

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Table of Contents For The Medical Equipment Market Global Report 2018

Table of Contents.................................................................................................................................................... 2

List of Figures........................................................................................................................................................ 26

List of Tables.......................................................................................................................................................... 30

1. Medical Equipment Market Characteristics.......................................................................................................... 34

2. Medical Equipment Market Size And Growth....................................................................................................... 36

2.1 Historic Market Growth, Value ($ Billion)        36

2.1.1 Drivers Of The Market............................................................................................................................ 37

Aging Populations........................................................................................................................................... 37

Emerging Markets Growth.............................................................................................................................. 37

Low Interest Rate Environment....................................................................................................................... 37

Falling Oil Prices............................................................................................................................................. 37

2.1.2 Restraints On The Market....................................................................................................................... 37

Government Regulations................................................................................................................................ 37

Weak Wage Growth in Developed Economies.................................................................................................. 37

2.2 Forecast Market Growth, Value ($ Billion)      38

2.2.1 Drivers Of The Market............................................................................................................................ 39

Economic Growth........................................................................................................................................... 39

Technology.................................................................................................................................................... 39

Changes in Lifestyles....................................................................................................................................... 39

2.2.2 Restraints On The Market....................................................................................................................... 39

Interest Rate Increases................................................................................................................................... 39

Reduction In Free Trade.................................................................................................................................. 39

3. Medical Equipment Trends And Strategies........................................................................................................... 40

Self-Diagnosis/Treatment is Increasing............................................................................................................ 40

Technology and Analytics in Patient Care......................................................................................................... 40

Wearables and Mobile Applications................................................................................................................. 40

Shift to Service Contracts................................................................................................................................ 40

4. Pestle Analysis................................................................................................................................................... 41

4.1 Political         42

4.2 Economic     42

4.3 Social             42

4.4 Technological             43

4.5 Legal              43

4.6 Environmental           44

5. Medical Equipment Market Customer Information.............................................................................................. 45

6. Medical Equipment Market Regional And Country Analysis.................................................................................. 47

6.1 Global Medical Equipment Market, 2017, By Region, Value ($ Billion) 47

6.2 Global Medical Equipment Market, 2013 - 2021, Historic And Forecast, By Region       49

6.3 Global Medical Equipment Market, Growth And Market Share Comparison, By Region              50

6.4 Global Medical Equipment Market, 2017, By Country, Value ($ Billion)              51

6.5 Global Medical Equipment Market, 2013 - 2021, Historic And Forecast, By Country     53

6.6 Global Medical Equipment Market, Growth And Market Share Comparison, By Country            55

7. Medical Equipment Market Segmentation........................................................................................................... 56

7.1 Global Medical Equipment Market, 2017, Segmentation By Type, Value ($ Billion)        56

In-Vitro Diagnostics........................................................................................................................................ 57

Cardiovascular Devices................................................................................................................................... 57

Diagnostic Equipment..................................................................................................................................... 57

Orthopedic Devices........................................................................................................................................ 58

Hospital Supplies............................................................................................................................................ 58

Ophthalmic Devices........................................................................................................................................ 58

Nephrology and Urology Devices..................................................................................................................... 58

Patient Monitoring Devices............................................................................................................................. 58

Anesthesia and Respiratory Devices................................................................................................................. 58

Dental Equipment And Supplies...................................................................................................................... 58

Wound Care Devices....................................................................................................................................... 58

Diabetes Care Devices..................................................................................................................................... 58

Surgical Equipment......................................................................................................................................... 58

ENT Devices................................................................................................................................................... 58

Neurology Devices.......................................................................................................................................... 58

7.2 Global Medical Equipment Market, 2013 - 2021, Historic And Forecast, Segmentation By Type, Value ($ Billion)                59

Hospital Supplies............................................................................................................................................ 60

Patient Monitoring Devices............................................................................................................................. 60

Ophthalmic Devices........................................................................................................................................ 60

Dental Equipment and Supplies....................................................................................................................... 60

Diagnostic Equipment..................................................................................................................................... 60

Diabetes Care Devices..................................................................................................................................... 60

Neurology Devices.......................................................................................................................................... 61

Nephrology & Urology Devices........................................................................................................................ 61

Cardiovascular Devices................................................................................................................................... 61

Surgical Equipment......................................................................................................................................... 61

In-Vitro Diagnostics........................................................................................................................................ 61

Orthopedic Devices........................................................................................................................................ 61

Wound Care Devices....................................................................................................................................... 61

ENT Devices................................................................................................................................................... 61

Anesthesia and Respiratory Devices................................................................................................................. 61

8. Medical Equipment Market Segments and Sub-segments..................................................................................... 62

8.1 In-Vitro Diagnostics  62

a) Market Characteristics................................................................................................................................ 62

b) Market Trends & Strategies......................................................................................................................... 64

c) Global In-Vitro Diagnostics Market, 2017, By Sub-segment, Value ($ Billion).................................................. 65

Point-of-Care Diagnostics................................................................................................................................ 66

Immunochemistry.......................................................................................................................................... 66

Clinical Chemistry........................................................................................................................................... 66

Molecular Diagnostics..................................................................................................................................... 66

Microbiology.................................................................................................................................................. 66

Hemostasis..................................................................................................................................................... 66

Hematology................................................................................................................................................... 66

Immunohematology....................................................................................................................................... 66

d) Global In-Vitro Diagnostics Market, 2013 - 2021, Historic And Forecast, By Sub-segment................................ 67

8.2 Cardiovascular Devices           69

a) Market Characteristics................................................................................................................................ 69

b) Market Trends & Strategies......................................................................................................................... 71

Technological Innovations............................................................................................................................... 71

Increasing Demand for Minimally-Invasive Cardiac Surgeries............................................................................ 71

Wearable Technology..................................................................................................................................... 71

Growing Demand For Total Artificial Heart (TAH).............................................................................................. 72

3-D Printed Heart Replica................................................................................................................................ 72

c) Global Cardiovascular Devices Market, 2017, By Sub-segment, Value ($ Billion)............................................. 73

Cardiovascular Surgery Devices....................................................................................................................... 74

Cardiac Rhythm Management (CRM) Devices................................................................................................... 74

Interventional Cardiology Devices.................................................................................................................... 74

Defibrillator Devices....................................................................................................................................... 74

Peripheral Vascular Devices............................................................................................................................ 74

Prosthetic Heart Valve Device......................................................................................................................... 74

Electrophysiology Devices............................................................................................................................... 74

Cardiac Assist Devices..................................................................................................................................... 74

d) Global Cardiovascular Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment........................... 75

8.3 Diagnostic Equipment             77

a) Market Characteristics................................................................................................................................ 77

b) Market Trends & Strategies......................................................................................................................... 80

Increasing Demand For Portable Diagnostic Equipment.................................................................................... 80

Strategic Collaborations And Agreements........................................................................................................ 80

New Product Launches................................................................................................................................... 80

c) Global Diagnostic Equipment Market, 2017, By Sub-segment, Value ($ Billion)............................................... 81

X-ray Systems................................................................................................................................................. 82

Ultrasound Systems........................................................................................................................................ 82

Magnetic Resonance Imaging Systems............................................................................................................. 82

Computed Tomography (CT) Scanners............................................................................................................. 82

Cardiovascular Monitoring and Diagnostic Devices........................................................................................... 82

Nuclear Imaging Devices................................................................................................................................. 82

d) Global Diagnostic Equipment Market, 2013 - 2021, Historic And Forecast, By Sub-segment............................ 83

8.4 Orthopedic Devices 85

a) Market Characteristics................................................................................................................................ 85

b) Market Trends & Strategies......................................................................................................................... 88

Introduction of Biodegradable Implants........................................................................................................... 88

Development of 3D Printer Implants................................................................................................................ 88

Advanced Robotic-Assisted Surgery to Perform Complex Surgeries................................................................... 88

Strategic Initiatives......................................................................................................................................... 89

New Product Launches................................................................................................................................... 89

c) Global Orthopedic Devices Market, 2017, By Sub-segment, Value ($ Billion).................................................. 90

Joint Reconstruction....................................................................................................................................... 91

Spinal Surgery................................................................................................................................................ 91

Trauma Fixation.............................................................................................................................................. 91

Orthobiologics................................................................................................................................................ 91

Arthroscopy................................................................................................................................................... 91

Orthopedic Braces and Support....................................................................................................................... 91

Orthopedic Accessories................................................................................................................................... 91

Orthopedic Prosthetics................................................................................................................................... 91

Craniomaxillofacial (CMF) Devices................................................................................................................... 91

d) Global Orthopedic Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment................................ 92

8.5 Hospital Supplies      94

a) Market Characteristics................................................................................................................................ 94

b) Market Trends & Strategies......................................................................................................................... 94

Technological Innovations In Hospital Beds...................................................................................................... 94

Advances in Patient Mobility Aids.................................................................................................................... 95

Disposable Hospital Supplies........................................................................................................................... 95

Transforming Supply Chain.............................................................................................................................. 95

c) Global Hospital Supplies Market, 2017, By Sub-segment, Value ($ Billion)...................................................... 96

Disposable Hospital Supplies........................................................................................................................... 96

Sterilization equipment and disinfectants........................................................................................................ 97

Mobility Aids And Transportation Equipment................................................................................................... 97

Operating Room Equipment............................................................................................................................ 97

d) Global Hospital Supplies Market, 2013 - 2021, Historic And Forecast, By Sub-segment................................... 97

8.6 Ophthalmic Devices 99

a) Market Characteristics................................................................................................................................ 99

b) Market Trends & Strategies....................................................................................................................... 100

Emergence Of Robotic-Assisted Eye Surgery................................................................................................... 100

Strategic Investments in R&D........................................................................................................................ 100

Combination Technologies............................................................................................................................ 100

Development of Drug-Dispensing Contact Lens.............................................................................................. 101

c) Global Ophthalmic Devices Market, 2017, By Sub-segment, Value ($ Billion)................................................ 102

Vision Care Devices....................................................................................................................................... 102

Cataract Surgery Devices............................................................................................................................... 102

Diagnostic And Monitoring Ophthalmic Devices............................................................................................. 103

Diagnostic and Monitoring Ophthalmic Devices.............................................................................................. 103

d) Global Ophthalmic Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............................. 103

8.7 Nephrology and Urology Devices       105

a) Market Characteristics............................................................................................................................... 105

b) Market Trends & Strategies....................................................................................................................... 107

Wearable Artificial Kidney............................................................................................................................. 107

Development of Minimally Invasive Treatments............................................................................................. 107

Development of Lithotripters........................................................................................................................ 107

c) Global Nephrology and Urology Devices Market, 2017, By Sub-segment, Value ($ Billion)............................. 108

Dialysis Devices............................................................................................................................................. 109

Endoscopy Devices........................................................................................................................................ 109

Benign prostatic Hyperplasia (BPH) Treatment Devices................................................................................... 109

Urinary Incontinence and Pelvic Organ Prolapse Treatment Devices................................................................ 109

Urinary Stone Treatment Devices.................................................................................................................. 109

d) Global Nephrology and Urology Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment.......... 110

8.8 Patient Monitoring Devices  112

a) Market Characteristics............................................................................................................................... 112

b) Market Trends & Strategies....................................................................................................................... 114

Customized Multi-parameter Monitors (MPMs)............................................................................................. 114

Medical Body Area Network (MBAN)............................................................................................................. 114

Wearables and Mobile Applications............................................................................................................... 114

High Deal Activities....................................................................................................................................... 114

c) Global Patient Monitoring Devices Market, 2017, By Sub-segment, Value ($ Billion)..................................... 115

Fetal And Neonatal Monitoring Devices......................................................................................................... 116

Weight Monitoring And Body Temperature Monitoring Devices...................................................................... 116

Multiparameter Monitoring Devices.............................................................................................................. 116

Cardiac Monitoring Devices........................................................................................................................... 116

Respiratory Monitoring Devices..................................................................................................................... 116

Neuromonitoring Devices.............................................................................................................................. 116

Hemodynamic Monitoring Devices................................................................................................................ 116

Remote Patient Monitoring Devices............................................................................................................... 116

d) Global Patient Monitoring Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment.................. 116

8.9 Dental Equipment And Supplies         119

a) Market Characteristics............................................................................................................................... 119

b) Market Trends & Strategies....................................................................................................................... 121

Development Of 3D Printer Implants............................................................................................................. 121

Advanced Robotic-Assisted Surgery To Perform Complex Dental Surgeries...................................................... 121

Growing Demand For Cosmetic Dentistry....................................................................................................... 121

c) Global Dental Equipment And Supplies Market, 2017, By Sub-segment, Value ($ Billion)............................... 122

General Dental Equipment............................................................................................................................ 122

Dental Surgical Equipment............................................................................................................................ 122

Dental Diagnostic Imaging Equipment............................................................................................................ 123

Therapeutic Dental Equipment...................................................................................................................... 123

d) Global Dental Equipment And Supplies Market, 2013 - 2021, Historic And Forecast, By Sub-segment............ 123

8.10 Wound Care Devices             125

a) Market Characteristics............................................................................................................................... 125

b) Market Trends & Strategies....................................................................................................................... 126

Increasing Demand for Combination Dressing................................................................................................ 126

Growing Demand or Anti-Infective Dressings.................................................................................................. 126

New Product Launches.................................................................................................................................. 126

Strategic Mergers and Acquisitions................................................................................................................ 127

c) Global Wound Care Devices Market, 2017, By Sub-segment, Value ($ Billion)............................................... 128

Traditional Adhesive Dressings...................................................................................................................... 129

Negative-pressure Wound Therapy (NPWT)................................................................................................... 129

Sutures and Staples....................................................................................................................................... 129

Anti-microbial Dressings................................................................................................................................ 129

Non-adherent Dressings................................................................................................................................ 129

Tissue Adhesives, Sealants, and Glues............................................................................................................ 130

Traditional Gauze Dressings........................................................................................................................... 130

Foam Dressings............................................................................................................................................. 130

Hydrocolloids............................................................................................................................................... 130

Bioengineered Skin Substitutes...................................................................................................................... 130

Film Dressings............................................................................................................................................... 130

Growth Factors............................................................................................................................................. 130

Alginate Dressings......................................................................................................................................... 130

Hydrogels..................................................................................................................................................... 130

d) Global Wound Care Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............................ 131

8.11 Diabetes Care Devices          134

a) Market Characteristics............................................................................................................................... 134

b) Market Trends & Strategies....................................................................................................................... 135

Artificial Pancreas......................................................................................................................................... 135

Shift in Traditional Insulin Syringe.................................................................................................................. 135

Wearable and Mobile Glucose Monitoring Systems........................................................................................ 135

Intelligent Glucose Meters............................................................................................................................ 135

c) Global Diabetes Care Devices Market, 2017, By Sub-segment, Value ($ Billion)............................................. 136

Blood Glucose Test Strips.............................................................................................................................. 137

Insulin Pens.................................................................................................................................................. 137

Insulin Syringes............................................................................................................................................. 137

Insulin Pumps and injectors........................................................................................................................... 137

Lancing Devices............................................................................................................................................ 137

Continuous Glucose Monitoring Devices........................................................................................................ 137

Blood Glucose Meters................................................................................................................................... 137

d) Global Diabetes Care Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment.......................... 138

8.12 Surgical Equipment               140

a) Market Characteristics............................................................................................................................... 140

b) Market Trends & Strategies....................................................................................................................... 141

Modern Electrosurgical Units (ESUs).............................................................................................................. 141

Next Generation Ultrasonic Surgical Devices.................................................................................................. 141

Advanced Robotic-assisted Surgery................................................................................................................ 141

Pay Per Use Model........................................................................................................................................ 142

c) Global Surgical Equipment Market, 2017, By Sub-segment, Value ($ Billion)................................................. 142

Surgical Sutures And Staples.......................................................................................................................... 143

Electrosurgical Devices.................................................................................................................................. 143

Handheld Surgical Devices............................................................................................................................. 143

d) Global Surgical Equipment Market, 2013 - 2021, Historic And Forecast, By Sub-segment.............................. 144

8.13 ENT Devices             145

a) Market Characteristics............................................................................................................................... 145

b) Market Trends & Strategies....................................................................................................................... 146

Technological Advancements in Otolaryngology............................................................................................. 146

Customized Hearing Implants or 3D Printing................................................................................................... 146

Minimally Invasive Techniques Using Robotic Instruments.............................................................................. 146

c) Global ENT Devices Market, 2017, By Sub-segment, Value ($ Billion)............................................................ 147

Hearing Aid Devices...................................................................................................................................... 148

Hearing Diagnostic Devices............................................................................................................................ 148

ENT Surgical Devices..................................................................................................................................... 148

Nasal Splints................................................................................................................................................. 148

Hearing Implants.......................................................................................................................................... 148

Voice Prosthesis Devices............................................................................................................................... 148

d) Global ENT Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment......................................... 149

8.14 Anesthesia and Respiratory Devices               151

a) Market Characteristics............................................................................................................................... 151

b) Market Trends & Strategies....................................................................................................................... 153

New Product Launches.................................................................................................................................. 153

Portable Sleep Apnea Diagnostic Devices at Home.......................................................................................... 153

Increased Adoption of Portable Systems........................................................................................................ 154

c) Global Anesthesia and Respiratory Devices Market, 2017, By Sub-segment, Value ($ Billion)......................... 154

Respiratory Devices (Therapeutic and Diagnostic)........................................................................................... 155

Anesthesia Machines.................................................................................................................................... 155

Anesthesia Disposables................................................................................................................................. 155

Respiratory Monitoring Devices..................................................................................................................... 155

Respiratory Disposables................................................................................................................................ 155

d) Global Anesthesia and Respiratory Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment...... 156

8.15 Neurology Devices 158

a) Market Characteristics............................................................................................................................... 158

b) Market Trends & Strategies....................................................................................................................... 159

Wearable Technology................................................................................................................................... 159

Minimally Invasive Treatments...................................................................................................................... 159

Increasing M&A activity................................................................................................................................ 159

c) Global Neurology Devices Market, 2017, By Sub-segment, Value ($ Billion).................................................. 160

Neurostimulation Devices............................................................................................................................. 160

Interventional Neurology Devices.................................................................................................................. 160

Neurosurgery Devices................................................................................................................................... 161

Cerebrospinal Fluid (CSF) Management Devices............................................................................................. 161

d) Global Neurology Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............................... 161


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