Germany Patient Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Germany Patient Monitoring Market is segmented by Type of Device, Application (Cardiology, Neurology, Respiratory, Weight Management and Fitness Monitoring, and Other Applications) and End-User

Market Snapshot

Germany Patient Monitoring Market Size
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 6.4 %
Germany Patient Monitoring Market Key Player

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Market Overview

The Germany patient monitoring market is expected to register a CAGR of 6.4% during the forecast period. The key factors propelling the growth of the market are the rising incidences of chronic diseases due to lifestyle changes, growing preference for home, and remote monitoring.

The growing target population and their rising demand for a better lifestyle along with quality care and cost-effective treatment are anticipated to fuel market growth. For instance, as per the International Diabetes Federation (IDF), the prevalence of diabetes has estimated at 9.51 million German population in 2020. Additionally, sedentary lifestyles and obesity are the other factors responsible for the high prevalence of diabetes. Therefore, the high prevalence of chronic diseases in Germany is expected to augment the growth of the German patient monitoring market.

The increase in technological advancements in this field which has eased the usage of these devices and has also made them more portable is also augmenting the growth of the regional market. As a result, these devices are also being used for personal use at homes, which has also positively impacted the market growth. However, string regulatory framework and high cost of devices has been restraining the market growth.

Scope of the report

As per the scope of this report, patient monitoring devices are monitoring devices that continuously monitor the patient’s vital parameters, like blood pressure and heart rates, by using a medical monitor and collecting medical (and other) data from individuals.

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Key Market Trends

Application in Cardiology is Expected to Dominate the German Patient Monitoring Market

Cardiac monitoring refers to continuous or intermittent monitoring of heart activity with an assessment of the patient's condition relative to their cardiac rhythm. Additional monitoring components allow cardiovascular pressures and cardiac output to be monitored and displayed as required for patient diagnosis and treatment. Continuous cardiovascular and pulmonary monitoring allows for prompt identification and initiation of treatment.

In the recent decade, the incidence of cardiovascular diseases (CVD) in Germany has increased which has increased the demand for cardiac monitoring. For instance, as per the data published by the Institute for Health Metrics and Evaluation, in 2019, cardiovascular diseases claimed 10.72 million German population. Thus, owing to the above factors, the cardiology segment is expected to show significant growth in the coming years.

Germany Patient Monitoring Market Trends

Germany Patient Monitoring Market Growth

Competitive Landscape

The German patient monitoring market is moderately competitive and consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships that help in strengthening their market positions. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes

      2. 4.2.2 Growing Preference for Home and Remote Monitoring

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Technology

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Device

      1. 5.1.1 Hemodynamic Monitoring Devices

      2. 5.1.2 Neuromonitoring Devices

      3. 5.1.3 Cardiac Monitoring Devices

      4. 5.1.4 Respiratory Monitoring Devices

      5. 5.1.5 Remote Patient Monitoring Devices

      6. 5.1.6 Other Types of Devices

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Neurology

      3. 5.2.3 Respiratory

      4. 5.2.4 Weight Management and Fitness Monitoring

      5. 5.2.5 Other Applications

    3. 5.3 By End Users

      1. 5.3.1 Home Healthcare

      2. 5.3.2 Hospitals and Clinics

      3. 5.3.3 Other End Users

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 General Electric Company (GE Healthcare)

      3. 6.1.3 Baxter International Inc.

      4. 6.1.4 Becton, Dickinson and Company

      5. 6.1.5 Boston Scientific Corporation

      6. 6.1.6 Masimo Corporation

      7. 6.1.7 Medtronic PLC

      8. 6.1.8 Koninklijke Philips NV

      9. 6.1.9 Siemens Healthcare GmbH

      10. 6.1.10 Johnson & Johnson

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Germany Patient Monitoring Market market is studied from 2018 - 2026.

The Germany Patient Monitoring Market is growing at a CAGR of 6.4% over the next 5 years.

Abbott, Boston Scientific Corporation , Johnson & Johnson, General Electric Company (GE Healthcare), Becton, Dickinson and Company are the major companies operating in Germany Patient Monitoring Market.

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