ABPM Patient Monitor Market Analysis 2021-2031 | Trends
The ABPM Patient Monitor Market is expected to register a CAGR of 11.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Arm ABPM Devices, Wrist ABPM Devices). The report further presents analysis based on the End User (Hospitals, Ambulatory Surgical Centers (ASCs), Other). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report ABPM Patient Monitor Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
ABPM Patient Monitor Market Segmentation
Product Type- Arm ABPM Devices
- Wrist ABPM Devices
- Hospitals
- Ambulatory Surgical Centers
Strategic Insights
ABPM Patient Monitor Market Growth Drivers- Increasing trends in chronic diseases: The burden of diabetes and other cardiovascular disorders are increasing demand for ABPM patient monitoring devices. These devices provide 24-hour monitoring of blood pressure, thus favoring the management and assessment of progress in diseases, leading to better patient outcomes and decreased healthcare costs.
- Aging Population: As the global elderly population is on the rise, there is increased need for successful monitoring solutions. In the aging process, commonly, the elderly people suffer from hypertension and several complications. Because of that, the introduction of ABPM systems for accurate, non-invasive prolonged monitoring becomes crucial.
- Technological Innovation: Continuous sensor technology and wireless connectivity innovation are boosting functionality of ABPM devices; they bring further accuracy of readings, provide longer battery life, integration into health management systems-and support real-time information provision for more informed choices by healthcare professionals.
- Wearable Device Integration: The ABPM systems are being built into wearable devices such as smartwatches and fitness bands. Such a trend will allow users to monitor their blood pressure quietly throughout the day thereby providing convenience to patients and healthcare providers promoting self-management and early detection of any possible issues.
- Remote Patient Monitoring: Along with the increase in telemedicine, a trend toward using ABPM monitors for remote patient monitoring from home should keep growing. Such devices help healthcare providers continuously measure a patient’s blood pressure and are therefore more proactive while helping limit visits to the hospital, especially in rural and underprivileged communities.
- Artificial Intelligence and Data Analysis: With the incorporation of artificial intelligence and data analytics into ABPM systems, more advanced predictive capability is being created. AI algorithms may analyze the collected data to assess abnormal patterns or trends and thereby give valuable insights to health care providers to detect and consequently improve the early diagnosis and management of hypertension and other cardiovascular illnesses.
- Emerging Markets Expansion: With steady improvements in the healthcare infrastructures within the emerging economies, opportunities are abundant for ABPM patient monitors. Growing awareness toward hypertension and cardiovascular diseases and reliable access to healthcare gives manufacturing opportunities to ABPM equipment manufacturers.
- Adaptive Medicine: Rise of Personalized Healthcare provides the entry for ABPM devices to be part of most individualized treatment plans. When these devices allow real-time monitoring of specific conditions, the gathered information can be accountable in customizing treatment mechanisms and maximize the efficacy of the remedy.
- Healthcare Partnerships: Opportunities exist for ABPM device manufacturers to enhance their business by engaging in strategic partnerships with healthcare providers, such as hospitals and clinics, as a way to promote prolonged monitoring. Finally, collaborations such as this will not only enhance adoption and ultimately enhance patient care but also draw better reimbursements for the device vendors, thus improving their availability.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the ABPM Patient Monitor Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the ABPM Patient Monitor Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The ABPM patient monitor market is estimated to grow with a CAGR of 11.6% from 2023 to 2031.
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period.
The ABPM patient monitor market majorly consists of players such Spacelabs Healthcare, Inc., Welch Allyn, Inc., SunTech Medical among others.
Incorporation of AI and data analytics into ABPM systems are likely to remain the key trend during the forecast period.
The market drivers include growing prevalence of chronic conditions like diabetes and cardiovascular diseases and continuous innovations in sensor technology and wireless connectivity are driving the ABPM patient monitor market.
North America dominated the digital ABPM patient monitor market in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 ABPM Patient Monitor Market - By Product Type
1.3.2 ABPM Patient Monitor Market - By End User
1.3.3 ABPM Patient Monitor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ABPM PATIENT MONITOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ABPM PATIENT MONITOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ABPM PATIENT MONITOR MARKET - GLOBAL MARKET ANALYSIS
6.1. ABPM PATIENT MONITOR - GLOBAL MARKET OVERVIEW
6.2. ABPM PATIENT MONITOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ABPM PATIENT MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ARM ABPM DEVICES
7.3.1. Overview
7.3.2. Arm ABPM Devices Market Forecast and Analysis
7.4. WRIST ABPM DEVICES
7.4.1. Overview
7.4.2. Wrist ABPM Devices Market Forecast and Analysis
8. ABPM PATIENT MONITOR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS (ASCS)
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers (ASCs) Market Forecast and Analysis
8.5. OTHER
8.5.1. Overview
8.5.2. Other Market Forecast and Analysis
9. ABPM PATIENT MONITOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America ABPM Patient Monitor Market Overview
9.1.2 North America ABPM Patient Monitor Market Forecasts and Analysis
9.1.3 North America ABPM Patient Monitor Market Forecasts and Analysis - By Product Type
9.1.4 North America ABPM Patient Monitor Market Forecasts and Analysis - By End User
9.1.5 North America ABPM Patient Monitor Market Forecasts and Analysis - By Countries
9.1.5.1 United States ABPM Patient Monitor Market
9.1.5.1.1 United States ABPM Patient Monitor Market by Product Type
9.1.5.1.2 United States ABPM Patient Monitor Market by End User
9.1.5.2 Canada ABPM Patient Monitor Market
9.1.5.2.1 Canada ABPM Patient Monitor Market by Product Type
9.1.5.2.2 Canada ABPM Patient Monitor Market by End User
9.1.5.3 Mexico ABPM Patient Monitor Market
9.1.5.3.1 Mexico ABPM Patient Monitor Market by Product Type
9.1.5.3.2 Mexico ABPM Patient Monitor Market by End User
9.2. EUROPE
9.2.1 Europe ABPM Patient Monitor Market Overview
9.2.2 Europe ABPM Patient Monitor Market Forecasts and Analysis
9.2.3 Europe ABPM Patient Monitor Market Forecasts and Analysis - By Product Type
9.2.4 Europe ABPM Patient Monitor Market Forecasts and Analysis - By End User
9.2.5 Europe ABPM Patient Monitor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany ABPM Patient Monitor Market
9.2.5.1.1 Germany ABPM Patient Monitor Market by Product Type
9.2.5.1.2 Germany ABPM Patient Monitor Market by End User
9.2.5.2 France ABPM Patient Monitor Market
9.2.5.2.1 France ABPM Patient Monitor Market by Product Type
9.2.5.2.2 France ABPM Patient Monitor Market by End User
9.2.5.3 Italy ABPM Patient Monitor Market
9.2.5.3.1 Italy ABPM Patient Monitor Market by Product Type
9.2.5.3.2 Italy ABPM Patient Monitor Market by End User
9.2.5.4 Spain ABPM Patient Monitor Market
9.2.5.4.1 Spain ABPM Patient Monitor Market by Product Type
9.2.5.4.2 Spain ABPM Patient Monitor Market by End User
9.2.5.5 United Kingdom ABPM Patient Monitor Market
9.2.5.5.1 United Kingdom ABPM Patient Monitor Market by Product Type
9.2.5.5.2 United Kingdom ABPM Patient Monitor Market by End User
9.2.5.6 Rest of Europe ABPM Patient Monitor Market
9.2.5.6.1 Rest of Europe ABPM Patient Monitor Market by Product Type
9.2.5.6.2 Rest of Europe ABPM Patient Monitor Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific ABPM Patient Monitor Market Overview
9.3.2 Asia-Pacific ABPM Patient Monitor Market Forecasts and Analysis
9.3.3 Asia-Pacific ABPM Patient Monitor Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific ABPM Patient Monitor Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific ABPM Patient Monitor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia ABPM Patient Monitor Market
9.3.5.1.1 Australia ABPM Patient Monitor Market by Product Type
9.3.5.1.2 Australia ABPM Patient Monitor Market by End User
9.3.5.2 China ABPM Patient Monitor Market
9.3.5.2.1 China ABPM Patient Monitor Market by Product Type
9.3.5.2.2 China ABPM Patient Monitor Market by End User
9.3.5.3 India ABPM Patient Monitor Market
9.3.5.3.1 India ABPM Patient Monitor Market by Product Type
9.3.5.3.2 India ABPM Patient Monitor Market by End User
9.3.5.4 Japan ABPM Patient Monitor Market
9.3.5.4.1 Japan ABPM Patient Monitor Market by Product Type
9.3.5.4.2 Japan ABPM Patient Monitor Market by End User
9.3.5.5 South Korea ABPM Patient Monitor Market
9.3.5.5.1 South Korea ABPM Patient Monitor Market by Product Type
9.3.5.5.2 South Korea ABPM Patient Monitor Market by End User
9.3.5.6 Rest of Asia-Pacific ABPM Patient Monitor Market
9.3.5.6.1 Rest of Asia-Pacific ABPM Patient Monitor Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific ABPM Patient Monitor Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa ABPM Patient Monitor Market Overview
9.4.2 Middle East and Africa ABPM Patient Monitor Market Forecasts and Analysis
9.4.3 Middle East and Africa ABPM Patient Monitor Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa ABPM Patient Monitor Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa ABPM Patient Monitor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa ABPM Patient Monitor Market
9.4.5.1.1 South Africa ABPM Patient Monitor Market by Product Type
9.4.5.1.2 South Africa ABPM Patient Monitor Market by End User
9.4.5.2 Saudi Arabia ABPM Patient Monitor Market
9.4.5.2.1 Saudi Arabia ABPM Patient Monitor Market by Product Type
9.4.5.2.2 Saudi Arabia ABPM Patient Monitor Market by End User
9.4.5.3 U.A.E ABPM Patient Monitor Market
9.4.5.3.1 U.A.E ABPM Patient Monitor Market by Product Type
9.4.5.3.2 U.A.E ABPM Patient Monitor Market by End User
9.4.5.4 Rest of Middle East and Africa ABPM Patient Monitor Market
9.4.5.4.1 Rest of Middle East and Africa ABPM Patient Monitor Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa ABPM Patient Monitor Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America ABPM Patient Monitor Market Overview
9.5.2 South and Central America ABPM Patient Monitor Market Forecasts and Analysis
9.5.3 South and Central America ABPM Patient Monitor Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America ABPM Patient Monitor Market Forecasts and Analysis - By End User
9.5.5 South and Central America ABPM Patient Monitor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil ABPM Patient Monitor Market
9.5.5.1.1 Brazil ABPM Patient Monitor Market by Product Type
9.5.5.1.2 Brazil ABPM Patient Monitor Market by End User
9.5.5.2 Argentina ABPM Patient Monitor Market
9.5.5.2.1 Argentina ABPM Patient Monitor Market by Product Type
9.5.5.2.2 Argentina ABPM Patient Monitor Market by End User
9.5.5.3 Rest of South and Central America ABPM Patient Monitor Market
9.5.5.3.1 Rest of South and Central America ABPM Patient Monitor Market by Product Type
9.5.5.3.2 Rest of South and Central America ABPM Patient Monitor Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ABPM PATIENT MONITOR MARKET, KEY COMPANY PROFILES
11.1. SPACELABS HEALTHCARE, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. WELCH ALLYN, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SUNTECH MEDICAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SCHILLER AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BOSCH AND SOHN GMBH AND CO. KG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CONTEC INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GE COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RUDOLF RIESTER GMBH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VASO CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BPL GROUP.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Spacelabs Healthcare, Inc.
2.Welch Allyn, Inc.
3.SunTech Medical
4.Schiller AG
5.Bosch and Sohn GmbH and Co. KG
6.Contec Inc.
7.GE Company
8.Rudolf Riester GmbH
9.Vaso Corporation
10.BPL Group.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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