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Global Patient Monitoring Accessories Market by Product (BP Cuffs, CO2 Absorbers, SpO2 Sensors, ECG Leadwires, NMT Sensors, Temperature Sensors) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-73045
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 98
  • No. Of Pages: 228
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global patient monitoring accessories market was valued at USD 5.9 Billion in 2019. It is projected to grow at a compound annual rate (CAGR of 7.2%) between 2020 and 2027. To provide timely and efficient treatment, patient monitoring accessories can be used in conjunction with medical devices. These accessories include SpO2 sensors and blood pressure cuffs as well as brain monitoring system sensors, brain transmission sensors, temperature sensors, CO2 absorbers/Amsorb filters, ECG leadwires, and neuromuscular transmission sensor sensors. They all aid in the collection and analysis of vital signs. Market growth is due to rising prevalence and burden of chronic diseases, increased demand for monitoring around the clock, and technologically advanced accessories.

One of the main factors driving the growth in the market for patient monitoring accessories is the rising incidence of chronic diseases. Cardiovascular Diseases (CVDs) include ischemic heart disease and stroke and contribute to a lower quality of life worldwide. The WHO estimates that cardiovascular diseases account for 17.9 million deaths and disabilities each year. More than three quarters of these people are from low- and middle-income countries.

These diseases have become a major public health problem and require a fast and controlled treatment. Neurological diseases can progress and require 24-hour monitoring. An estimated one million Americans are diagnosed each year with a chronic brain disorder or disease. This will increase the need for remote monitoring accessories that can be used to monitor patients remotely.

Personalized monitoring and care is a major focus because of the rising mortality rate from non-communicable disease. In the long-term, this will lead to a greater demand for accessories for patient monitoring. The use of LEDs and sensors that measure oxygen saturation in patients' bodies, which are durable and non-toxic, has helped to make technological advancements. This alerts the therapist to avoid hypoxemia and desaturation which can lead to cyanosis. Standardizing healthcare workflow can be achieved by introducing skin-temperature probes that can be used for both children and adults, with adapters that work with other temperature monitors.

Product Insights

In 2019, the SpO2 sensors segment accounted for 51.0% of the market and is expected to see a substantial CAGR during the forecast period. The market for patient monitoring accessories can be divided by product into SpO2 sensors and blood pressure cuffs. It also includes neuromuscular transmission sensors, temperature sensors as well as CO2 absorbers/Amsorb filter, ECG leadwires, and brain monitoring system sensors. SpO2 accounted for the largest market share. Monitoring SpO2 is a global standard for patient care. The majority of patient monitoring accessories can be attached or have built-in capabilities to monitor vital signs. This is a clear indication of the importance these sensors play in the patient monitoring market. This segment can be further divided into disposable and reusable SpO2 sensor.

Over the forecast period, the market for patient monitoring accessories is expected to see the highest CAGR. Due to increasing numbers of patients who require sedation, the brain monitoring system sensor segment is expected to see the most growth. The depth of anesthesia is measured by neuromonitoring sensors. This is a measure of how much the Central Nervous system (CNS) is affected by an anesthetic agent. It depends on its potency and the dose. To prevent possible side effects, such as hypertension and tachycardia or sweating, sweating, lacrimation and increased skeletal muscles tone, post-traumatic syndrome, the Depth of Anaesthesia (DOA), should be maintained accurately. The segment is expected to grow due to the increased number of procedures performed and the need to monitor intraoperative awareness.

Regional Insights

North America was the dominant market for patient monitoring devices in 2019. It accounted for 41.3% of the total revenue in 2019, and is expected to show a substantial CAGR over the forecast period. Market growth will be driven by the increasing number of chronic diseases that require routine monitoring and the existence of advanced healthcare infrastructure. The Behavioural risk factor surveillance system estimates that around 45% of Americans have co-morbidities. This puts them at greater risk for developing health complications and requires continuous monitoring.

The market for patient monitoring accessories in Asia Pacific is expected to grow at 8.8% CAGR over the forecast period. This is due to the large population, favorable government initiatives and the availability of well-developed health care facilities. The market for patient monitor accessories is expected to grow due to factors such as growing demand for these accessories and related services, which are a result of increased government spending on healthcare. As the population grows rapidly, countries such as India, China and Japan are spending significantly more on healthcare. Emerging economies are also experiencing an increase in chronic diseases. Therefore, it is likely that the demand for accessories for patient monitoring will grow.

Market Share Insights and Key Companies

Market for patient monitoring accessories can be highly competitive. This market is characterised by established players with mergers and acquisitions. New product development and launch are also common. These companies may also take other strategic initiatives to improve their market position. Medtronic, for example, launched the Pivotal Trial in June 2019 for its next-generation Guardian continuous glucose monitor sensor. This allowed it to expand its product range. The market leader in patient monitoring accessories is:

  • Medtronic plc

  • GE Healthcare Limited

  • Nihon Kohden Corporation

  • Masimo

  • Welch Allyn Inc.

  • LifeScan Inc

  • Honeywell

  • Lifecare Solutions

  • Philips

  • Omron

  • Roche

Up Market Research published a new report titled “Patient Monitoring Accessories Market research report which is segmented by Product (BP Cuffs, CO2 Absorbers, SpO2 Sensors, ECG Leadwires, NMT Sensors, Temperature Sensors), By Players/Companies GE Healthcare Limited, LifeScan Inc, Masimo, Nihon Kohden Corporation, Lifecare Solutions, Omron, Welch Allyn Inc, Philips, Honeywell, Roche, Medtronic plc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitlePatient Monitoring Accessories Market Research Report
By ProductBP Cuffs, CO2 Absorbers, SpO2 Sensors, ECG Leadwires, NMT Sensors, Temperature Sensors
By CompaniesGE Healthcare Limited, LifeScan Inc, Masimo, Nihon Kohden Corporation, Lifecare Solutions, Omron, Welch Allyn Inc, Philips, Honeywell, Roche, Medtronic plc
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages228
Number of Tables & Figures160
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Patient Monitoring Accessories Industry Outlook

Global Patient Monitoring Accessories Market Report Segments:

The market is segmented by Product (BP Cuffs, CO2 Absorbers, SpO2 Sensors, ECG Leadwires, NMT Sensors, Temperature Sensors).

Patient Monitoring Accessories Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Patient Monitoring Accessories Market

Overview of the regional outlook of the Patient Monitoring Accessories Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Patient Monitoring Accessories Market Overview

Highlights of The Patient Monitoring Accessories Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Patient Monitoring Accessories Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. BP Cuffs

                2. CO2 Absorbers

                3. SpO2 Sensors

                4. ECG Leadwires

                5. NMT Sensors

                6. Temperature Sensors

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Patient Monitoring Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Consumer Insights
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Patient Monitoring Accessories Market Trends

Reasons to Purchase the Patient Monitoring Accessories Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Patient Monitoring Accessories Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Patient Monitoring Accessories Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Patient Monitoring Accessories Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Patient Monitoring Accessories Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Patient Monitoring Accessories Market Size & Forecast, 2018-2028 
      4.5.1 Patient Monitoring Accessories Market Size and Y-o-Y Growth 
      4.5.2 Patient Monitoring Accessories Market Absolute $ Opportunity 


Chapter 5 Global Patient Monitoring Accessories Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Patient Monitoring Accessories Market Size Forecast by Product
      5.2.1 BP Cuffs
      5.2.2 CO2 Absorbers
      5.2.3 SpO2 Sensors
      5.2.4 ECG Leadwires
      5.2.5 NMT Sensors
      5.2.6 Temperature Sensors
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Patient Monitoring Accessories Market Analysis and Forecast by Region
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Region
      6.1.2 Basis Point Share (BPS) Analysis by Region
      6.1.3 Absolute $ Opportunity Assessment by Region
   6.2 Patient Monitoring Accessories Market Size Forecast by Region
      6.2.1 North America
      6.2.2 Europe
      6.2.3 Asia Pacific
      6.2.4 Latin America
      6.2.5 Middle East & Africa (MEA)
   6.3 Market Attractiveness Analysis by Region

Chapter 7 Coronavirus Disease (COVID-19) Impact 
   7.1 Introduction 
   7.2 Current & Future Impact Analysis 
   7.3 Economic Impact Analysis 
   7.4 Government Policies 
   7.5 Investment Scenario

Chapter 8 North America Patient Monitoring Accessories Analysis and Forecast
   8.1 Introduction
   8.2 North America Patient Monitoring Accessories Market Size Forecast by Country
      8.2.1 U.S.
      8.2.2 Canada
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
   8.6 North America Patient Monitoring Accessories Market Size Forecast by Product
      8.6.1 BP Cuffs
      8.6.2 CO2 Absorbers
      8.6.3 SpO2 Sensors
      8.6.4 ECG Leadwires
      8.6.5 NMT Sensors
      8.6.6 Temperature Sensors
   8.7 Basis Point Share (BPS) Analysis by Product 
   8.8 Absolute $ Opportunity Assessment by Product 
   8.9 Market Attractiveness Analysis by Product

Chapter 9 Europe Patient Monitoring Accessories Analysis and Forecast
   9.1 Introduction
   9.2 Europe Patient Monitoring Accessories Market Size Forecast by Country
      9.2.1 Germany
      9.2.2 France
      9.2.3 Italy
      9.2.4 U.K.
      9.2.5 Spain
      9.2.6 Russia
      9.2.7 Rest of Europe
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 Europe Patient Monitoring Accessories Market Size Forecast by Product
      9.6.1 BP Cuffs
      9.6.2 CO2 Absorbers
      9.6.3 SpO2 Sensors
      9.6.4 ECG Leadwires
      9.6.5 NMT Sensors
      9.6.6 Temperature Sensors
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product

Chapter 10 Asia Pacific Patient Monitoring Accessories Analysis and Forecast
   10.1 Introduction
   10.2 Asia Pacific Patient Monitoring Accessories Market Size Forecast by Country
      10.2.1 China
      10.2.2 Japan
      10.2.3 South Korea
      10.2.4 India
      10.2.5 Australia
      10.2.6 South East Asia (SEA)
      10.2.7 Rest of Asia Pacific (APAC)
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Asia Pacific Patient Monitoring Accessories Market Size Forecast by Product
      10.6.1 BP Cuffs
      10.6.2 CO2 Absorbers
      10.6.3 SpO2 Sensors
      10.6.4 ECG Leadwires
      10.6.5 NMT Sensors
      10.6.6 Temperature Sensors
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product

Chapter 11 Latin America Patient Monitoring Accessories Analysis and Forecast
   11.1 Introduction
   11.2 Latin America Patient Monitoring Accessories Market Size Forecast by Country
      11.2.1 Brazil
      11.2.2 Mexico
      11.2.3 Rest of Latin America (LATAM)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Latin America Patient Monitoring Accessories Market Size Forecast by Product
      11.6.1 BP Cuffs
      11.6.2 CO2 Absorbers
      11.6.3 SpO2 Sensors
      11.6.4 ECG Leadwires
      11.6.5 NMT Sensors
      11.6.6 Temperature Sensors
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product

Chapter 12 Middle East & Africa (MEA) Patient Monitoring Accessories Analysis and Forecast
   12.1 Introduction
   12.2 Middle East & Africa (MEA) Patient Monitoring Accessories Market Size Forecast by Country
      12.2.1 Saudi Arabia
      12.2.2 South Africa
      12.2.3 UAE
      12.2.4 Rest of Middle East & Africa (MEA)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Middle East & Africa (MEA) Patient Monitoring Accessories Market Size Forecast by Product
      12.6.1 BP Cuffs
      12.6.2 CO2 Absorbers
      12.6.3 SpO2 Sensors
      12.6.4 ECG Leadwires
      12.6.5 NMT Sensors
      12.6.6 Temperature Sensors
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product

Chapter 13 Competition Landscape 
   13.1 Patient Monitoring Accessories Market: Competitive Dashboard
   13.2 Global Patient Monitoring Accessories Market: Market Share Analysis, 2019
   13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      13.3.1 GE Healthcare Limited
      13.3.2 LifeScan Inc
      13.3.3 Masimo
      13.3.4 Nihon Kohden Corporation
      13.3.5 Lifecare Solutions
      13.3.6 Omron
      13.3.7 Welch Allyn Inc
      13.3.8 Philips
      13.3.9 Honeywell
      13.3.10 Roche
      13.3.11 Medtronic plc
Segments Covered in the Report
The global Patient Monitoring Accessories market has been segmented based on

By Product
  • BP Cuffs
  • CO2 Absorbers
  • SpO2 Sensors
  • ECG Leadwires
  • NMT Sensors
  • Temperature Sensors
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • GE Healthcare Limited
  • LifeScan Inc
  • Masimo
  • Nihon Kohden Corporation
  • Lifecare Solutions
  • Omron
  • Welch Allyn Inc
  • Philips
  • Honeywell
  • Roche
  • Medtronic plc

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