Patient Monitoring Devices – Market Insights – United States
The global COVID-19 pandemic positively affected the US market for patient monitoring devices, bolstering unit sales and revenue in 2020. Over the forecast period, increasing sales among ASCs, particularly through rising adoption of novel wireless monitoring technologies—supported by recent changes to CMS reimbursement guidelines—will contribute to market growth. The market will also be driven by favorable demographic trends and growing demand for patient monitoring devices in nonhospital settings, although market saturation and limited innovation in mature patient monitoring device segments will limit the pace of market expansion.
This Medtech 360 Report provides comprehensive data and analysis on the state of the market for patient monitoring devices in the US from 2019 through 2031.
The COVID-19 pandemic had a positive impact on the overall US patient monitoring device market.
How did the impact of the COVID-19 pandemic differ between device segments?
When will the market return to prepandemic levels?
The patient monitoring device market will be supported by government regulations and technological advancements.
How are these factors driving the market for patient monitoring devices?
Which segments are seeing the strongest growth?
Which device segment represents the largest share of patient monitoring device revenues?
The home care monitoring device market is attracting new players.
Which technological advances are driving the adoption of home care monitoring devices?
What factors will influence the entry of new players in this segment?
How will the established competitors react to heightened competitive pressure?
Efforts to reduce readmission and hospital-acquired infection rates in the US will play a major role in patient monitoring device selection.
How are concerns over readmission penalties and hospital-acquired infections impacting patient monitoring device selection in the US?
To what extent will each market segment be affected by these factors?
What measures are device manufacturers taking to ensure their products remain attractive to US hospitals?
Less invasive methods of patient monitoring will increasingly replace invasive techniques in response to the denial of reimbursement for cases of hospital-acquired infections.
To what extent will each market segment be affected by these shifts in monitoring techniques?
How will the preference for less invasive methods drive product adoption in the patient monitoring device market?
How can established device manufacturers without experience in patient monitoring take advantage of high-growth market segments?
Will innovations in the market cause system prices to fluctuate over the forecast period?
Table of contents
- Patient Monitoring Devices - Market Insights - United States
- Abstract
- Executive Summary
- Market Highlights
- Patient Monitoring Device Market, by Product Type, US (USD), 2019u20132031
- Patient Monitoring Device Market Landscape, US (USD), 2021 and 2031
- Competitive Highlights
- Patient Monitoring Device Revenue Market Share Rankings, by Product Type, US, 2021
- Competitive Insights
- Companies Mentioned
- Market Developments
- Recent Events in the Patient Monitoring Device Market, US
- Products Covered
- Patient Monitoring Devices Covered, US
- Market Highlights
- Key Report Updates
- COVID-19 Analysis
- Market Impact
- COVID-19 Impact Assessment Summary, Patient Monitoring Devices, US
- Major Market Forecast Changes and Assumptions
- Patient Monitoring Devices Market, by Product Type, US (USD), 2019u20132031 (Excluding COVID-19 Impact)
- Patient Monitoring Devices Market, by Product Type, US (USD), 2019u20132031 (Including COVID-19 Impact)
- Competitive Impact
- COVID-19 Competitive Factors and Strategies, Patient Monitoring Devices Market, US
- COVID-19 Financial Impact and Competitor Insights
- Market Impact
- Patient Monitoring Device Market
- Market Highlights
- Key Content Updates
- US Patient Monitoring Device Market Drivers
- US Patient Monitoring Device Market Limiters
- Patient Monitoring Device Market, by Product Type, US (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Patient Monitoring Device Market, by Product Type, US (USD), 2019u20132031
- Patient Monitoring Device Market Growth, by Product Type, US, 2020u20132031
- Monitor Installed Base, by Product Type, US, 2019u20132031
- Monitor Market, by Product Type, US (USD), 2019u20132031
- Monitor Market Growth, by Product Type, US, 2020u20132031
- Sensor Market, by Product Type, US (USD), 2019u20132031
- Sensor Market Growth, by Product Type, US, 2020u20132031
- Market Shares
- Patient Monitoring Device Revenue Market Shares, US, 2021
- Patient Monitoring Device Revenue Market Shares, by Product Type, US, 2021
- Competitive Insights
- Philips Healthcare Competitive Insights
- GE Healthcare Competitive Insights
- Edwards Lifesciences Competitive Insights
- Medtronic Competitive Insights
- Competitive Insights for Other Key Competitors
- Market Developments
- Recent Events in the Patient Monitoring Device Market, US
- Market Highlights
- Vital Signs Monitoring System Market
- Market Highlights
- Key Content Updates
- US Vital Signs Monitoring System Market Drivers
- US Vital Signs Monitoring System Market Limiters
- Vital Signs Monitoring System Market, by Product Type, US (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Vital Signs Monitoring System Installed Base, by Product Type, US, 2019u20132031
- Vital Signs Monitoring System Market, by Product Type, US (USD), 2019u20132031
- Vital Signs Monitoring System Market Growth, by Product Type, US, 2020u20132031
- Market Shares
- Vital Signs Monitoring System Revenue Market Shares, US, 2021
- Vital Signs Monitoring System Revenue Market Shares, US, 2021
- Competitive Insights
- Market Highlights
- Anesthesia Monitoring System Market
- Market Highlights
- Key Content Updates
- US Anesthesia Monitoring System Market Drivers
- US Anesthesia Monitoring System Market Limiters
- Anesthesia Monitoring System Market, US (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Anesthesia Monitoring System Market, US (USD), 2019u20132031
- Market Shares
- Anesthesia Monitoring System Revenue Market Shares, US, 2021
- Anesthesia Monitoring System Revenue Market Shares, US, 2021
- Competitive Insights
- Market Highlights
- Hemodynamic Monitoring Device Market
- Market Highlights
- Key Content Updates
- US Hemodynamic Monitoring Device Market Drivers
- US Hemodynamic Monitoring Device Market Limiters
- Hemodynamic Monitoring Device Market, by Product Type, US (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Hemodynamic Monitoring Device Market, by Product Type, US (USD), 2019u20132031
- Hemodynamic Monitor Installed Base, by Product Type, US, 2019u20132031
- Invasive Monitoring Device Market, US (USD), 2019u20132031
- Minimally Invasive Monitoring Device Market, by Component, US (USD), 2019u20132031
- Minimally Invasive Monitoring Device Market Growth, by Component, US, 2020u20132031
- Noninvasive Monitoring Device Market, by Component, US (USD), 2019u20132031
- Noninvasive Monitoring Device Market Growth, by Component, US, 2020u20132031
- Market Shares
- Hemodynamic Monitoring Device Revenue Market Shares, US, 2021
- Hemodynamic Monitoring Device Revenue Market Shares, US, 2021
- Competitive Insights
- Market Highlights
- Neurological Monitoring Device Market
- Market Highlights
- Key Content Updates
- US Neurological Monitoring Device Market Drivers
- US Neurological Monitoring Device Market Limiters
- Neurological Monitoring Device Market, by Product Type, US (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Neurological Monitor Installed Base, by Product Type, US, 2019u20132031
- Neurological Monitoring Device Market, by Component, US (USD), 2019u20132031
- Neurological Monitoring Device Market Growth, by Component, US, 2020u20132031
- ICP Monitoring Device Market, by Component, US (USD), 2019u20132031
- ICP Monitoring Device Market Growth, by Component, US, 2020u20132031
- Advanced Monitoring Device Market, by Component, US (USD), 2019u20132031
- Advanced Monitoring Device Market Growth, by Component, US, 2020u20132031
- Market Shares
- Neurological Monitoring Device Revenue Market Shares, US, 2021
- Neurological Monitoring Device Revenue Market Shares, US, 2021
- Competitive Insights
- Market Highlights
- Home Care Monitoring Device Market
- Market Highlights
- Key Content Updates
- US Home Care Monitoring Device Market Drivers
- US Home Care Monitoring Device Market Limiters
- Home Care Monitoring Device Market, by Component, US (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Home Care Monitoring Device Market, by Component, US (USD), 2019u20132031
- Home Care Monitoring Device Market Growth, by Component, US, 2020u20132031
- Market Shares
- Home Care Monitoring Device Revenue Market Shares, US, 2021
- Home Care Monitoring Device Revenue Market Shares, US, 2021
- Competitive Insights
- Market Highlights
- Appendix
- Abbreviations
- Bibliography
- Abbreviations
Vijjapu Kameswara Rao is an associate healthcare research and data analyst on the Endoscopy, Diagnostics, and Healthcare IT Medtech Insights team at Clarivate, specializing in endoscopy and imaging device markets. Kamesh holds a Bachelor’s degree in Pharmaceutical Sciences from the Jawaharlal Nehru Technological University Kakinada and a Master’s degree in Pharmaceutical Analysis from the National Institute of Pharmaceutical Education and Research, Mohali.