What is Health Status Monitoring Market Scope?
Health professionals and doctors are utilising cutting-edge technology to effect significant change in medical services in clinical settings. Patient monitoring system is a system used to monitor physiological indicators such as the electrocardiogram (ECG), respiratory signs, intrusive and noninvasive blood pressure, body temperature, gas related parameters, and so on. Health Monitoring System (HMS) is a sophisticated technology that provides an alternative to traditional patient and health management. It comprises of a wireless wearable device, similar to a bracelet, with sensors that are linked to an application that allows a doctor to obtain medical data. With the fast rise of the older population, there is an urgent need to assist elders' capacity to retain an independent and healthy lifestyle in their homes rather than in more expensive and secluded care facilities. One way to achieving these goals is to use ambient intelligence ideas to remotely monitor an elder's activities and condition. Get recent released research insights on
Smart Home Healthcare Market Share & Industry Growth Analysis.
Health Status Monitoring Market Dynamics:
Attributes | Details |
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Growth Drivers | - Technical Progress in Patient Monitoring Systems
- Prevalence of Chronic Diseases & Infections
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Influencing Trends | - Rising Preference for Wearable Patient Monitoring Devices, Biosensors, And Smart Implants
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Restraints | |
Road Blocks / Challenges | - Lack of Skilled Professionals
- High initial Investment
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Gaps & Opportunities | - High Investment in Healthcare R&D
- Growing Demand for Patient Monitoring Devices in Non-Hospital Settings
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The Health Status Monitoring market study is being classified by Type (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices and Others), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States & Japanese will contribute to the maximum growth of Global Health Status Monitoring market throughout the predicted period.
Abbott Laboratories (United States), Drägerwerk AG & Co. KGaA (Germany), Hill-Rom Holdings, Inc. (United States), Natus Medical (United States), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), GE Healthcare (United States), Getinge AB (Sweden), Boston Scientific Corporation (United States) and BioTelemetry, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Edwards Lifesciences Corporation (United States), OMRON Corporation (Japan), Masimo Corporation (United States), Compumedics Limited (Australia), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China) and Nihon Kohden Corporation (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Health Status Monitoring market by Type, Application and Region.
On the basis of geography, the market of Health Status Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 9th February 2021 - Philips Completed its Acquisition of Biotelemetry, Inc. (Leading Remote Cardiac Diagnostics and Monitoring Solutions Provider). The Purchase of BioTelemetry Aligns Well with Philips' Cardiac Care Portfolio and Its Aim to Change Care Delivery Across the Health Continuum with Integrated Solutions. and On 5th August 2021 - ModivCare Acquired Remote Patient Monitoring Company VRI Intermediate. The Acquisition Adds a Critical Supportive Care Platform with Unique Data Analytics to Benefit Payors and Patients. The Combination is Aimed to Advance Supportive Care and Help Drive Value-Based Care Solutions.
On 27th March, 2020 - Medtronic Launched New Solutions to Help Monitor Patients for COVID-19. The Respiratory Infectious Disease Health Check Assists Individuals with Chronic, Co-Morbid Health Problems Who Are at The Highest Risk For COVID-19 Complications or Fatality by Tracking Respiratory Infectious Disease Symptoms.
Key Target Audience
Health Status Monitoring Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Health Status Monitoring Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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