Patient Monitoring Systems enable efficient healthcare delivery to patients outside conventional hospital or clinical settings by transmitting real-time patient date for clinical review which helps in reducing mortality rates and facilitate efficient use of medical resources. These patient monitoring services help in avoiding emergency overcrowding, manage huge number of patients and enhanced maintenance of electronic health records (EHR).
According to the report Patient Monitoring Market, published by Market Data Forecast, the European market is estimated to reach USD 8.2 billion by 2021, at a CAGR of 7.1% from 2016 to 2021.
Europe Patient Monitoring Market: Drivers & Restraints
Increase in the chronic disease population, Demand for home-based monitoring devices, Increase in the aging population and the need to contain the average healthcare expenditure are the primary drivers of this market.
Resistance from the healthcare industry professionals towards the adoption of the patient monitoring systems, stringent regulatory framework and lack of proper reimbursement policies and are the primary restraints of this market.
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Europe Patient Monitoring Market: Segmentation
- Neuromonitoring Devices
o Electroencephalograph (EEG)
o Transcranial Doppler (TCD)
o Magnetoencephalograph (MEG)
o Cerebral Oximeters
- o Intracranial Pressure Monitors (ICP)
- Hemodynamic Monitoring Devices
o Blood Pressure Monitors
o Blood Glucose Monitors
o Blood Gas and Electrolyte Analyzers
o Cholesterol Analyzers
- Cardiac Monitoring Devices
- o Electrocardiogram (ECG)
o Event Monitors
o Implantable Loop Recorder (ILR)
- o Cardiac Output Monitoring Devices
- Fetal and neonatal Monitoring Devices
o Ultra Sound Fetal Dopplers
o Internal Fetal Monitors
- Respiratory Monitoring Devices
o Anesthesia Monitors
o Sleep Apnea Monitoring Devices
o Pulse Oximeters
- Multi-Parameter Monitoring Devices
o High-Acuity Monitors
o Mid-Acuity Monitors
o Low-Acuity Monitors
- Temperature Monitoring Devices
- Weight Monitoring Devices
- Remote Patient Monitoring Devices
Europe Patient Monitoring Market: Overview
Cardiac monitoring category is the biggest category in Europe patient monitoring market and is projected to maintain its commanding share till 2020 due to the rising demand for ECG (Electro Cardiogram) devices and increased rate of cardiac and other comorbid conditions for example, diabetes and high blood pressure. The respiratory monitoring segment is the fastest growing during the aforementioned forecast period.
Europe Patient Monitoring Market: Region-wise Outlook
Furthermore, if we go by geography, the European remote patient monitoring market is categorized into UK, Spain, Italy, Germany and France. Growth in the region is likely to be slow in the aforementioned forecast period because of the factors such as irregular reimbursement policies, decreasing birth rates and reduced number of beds in hospitals.
UK is the biggest market closely followed by Germany due to the widespread proliferation of high-speed internet and services related to it.
Europe Patient Monitoring Market: Key Players
Some of the key players in the Europe Patient Monitoring market are Abbott Laboratories, Johnson & Johnson Inc., Covidien, Drager Medical GmbH, GE Healthcare, , Mortara gimmick Inc., Natus, Nihon Kohden, Masimo Corporation, Nonin Medical, Omron Healthcare, Philips Healthcare, Roche Diagnostics Limited and Welch Allyn.
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