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.
The Health Status Monitoring market study is segmented by Type (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Respiratory Monitoring Devices, Temperature Monitoring Devices and Others) 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. Research Analyst at AMA estimates that United States & Japanese Players 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 that are part of study coverage. 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).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market 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 Leaders and their expansionary 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.
- Rising Preference for Wearable Patient Monitoring Devices, Biosensors, And Smart Implants
- Technical Progress in Patient Monitoring Systems
- Prevalence of Chronic Diseases & Infections
- High Investment in Healthcare R&D
- Growing Demand for Patient Monitoring Devices in Non-Hospital Settings
- Lack of Skilled Professionals
- High initial Investment
Key Target AudienceHealth Status Monitoring Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Health Status Monitoring Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.