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The market is segmented by Type of Device (Hemodynamic Monitoring Device, Neuro-monitoring Device, Cardiac Monitoring Device, Respiratory Monitoring Device, Multi-parameter Monitors and Other devices), Target Area, and End User.
The India Patient Monitoring Market is expected to register a CAGR of 6.4% during the forecast period. The key factors propelling the growth of the Indian patient monitoring market are the rising incidences of chronic diseases due to lifestyle changes, growing preference for home and remote monitoring, and ease of use and portability devices to promote growth.
India is among the top three countries with high incidence of diabetes. The diabetic population in the country increased from 11.9 million in 1980, to around 69.1 million in 2015. The prevalence of diabetes in men has more than doubled in the country, from 3.7% to 9.1% from 1980-2015. Moreover, according to the Global Burden of Disease Study and Institute for Health Metrics and Evaluation (IHME), estimated that incidence of diabetes in India was 263.59 (per 100,000 population) in 2017.
Indians are four times more likely to develop diabetes than other regions, such as Europe, because Indian diets are rich in saturated fats and carbohydrates, which add more extra calories and sugar than required by the body. Additionally, sedentary lifestyles and obesity are the other factors responsible for the high prevalence of diabetes. Therefore, the high prevalence of chronic diseases in India is expected to augment the growth of the patient monitoring market.
Owing to the rapid evolution of the market in the use of medical technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
As per the scope of the report, patient monitoring devices are the devices that are used to continuously monitor the patient’s vital parameters, using a medical monitor, and collect medical and other forms of health data from individuals. The market is segmented by type of device, target area, and End User.
|By Type of Device|
|Hemodynamic Monitoring Device|
|Cardiac Monitoring Device|
|Respiratory Monitoring Device|
|By Target Area|
|Fetal and Neonatal|
|Weight Management and Fitness Monitoring|
|Other Target Areas|
|By End User|
|Hospitals and Clinics|
|Other End Users|
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The India Patient Monitoring Market is fragmented 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 position. Some of the companies which are currently dominating the market are Koninklijke Philips N.V., GE Healthcare, BPL Group, Mindray Medical International Limited, Nihon Kohden Corporation, Dragerwerk AG, Spacelabs Healthcare, Schiller, Siemens Healthcare GmBH and Life Plus Healthcare Private Limited.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidences of Chronic Diseases Due to Lifestyle Changes
4.2.2 Growing Preference for Home and Remote Monitoring
4.2.3 Ease of Use and Portability Devices to Promote Growth
4.3 Market Restraints
4.3.1 High Cost of Technology
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Device
5.1.1 Hemodynamic Monitoring Device
5.1.2 Neuro-monitoring Device
5.1.3 Cardiac Monitoring Device
5.1.4 Respiratory Monitoring Device
5.1.5 Multi-parameter Monitors
5.1.6 Other devices
5.2 By Target Area
5.2.4 Fetal and Neonatal
5.2.5 Weight Monitoring
5.2.6 Remote Monitoring
5.2.7 Weight Management and Fitness Monitoring
5.2.8 Other Target Areas
5.3 By End User
5.3.1 Home Healthcare
5.3.2 Hospitals and Clinics
5.3.3 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Koninklijke Philips N.V.
6.1.2 GE Healthcare
6.1.3 BPL Group
6.1.4 Mindray Medical International Limited
6.1.5 Nihon Kohden Corporation
6.1.6 Dragerwerk AG
6.1.7 Spacelabs Healthcare
6.1.9 Siemens Healthcare GmBH
6.1.10 Life Plus Healthcare Private Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments