India Patient Monitoring Market Size, Growth Report | 2031

Segments - India Patient Monitoring Market by Targeted Areas (Respiratory, Fetal & Neonatal, Weight Monitoring, Remote Monitoring, Weight Management & Fitness Monitoring, Cardiology, Neurology, and Others), Product Types (Cardiac Monitoring Devices, Blood Glucose Monitoring Systems, Multi-parameter Monitoring Devices, Neuro-monitoring Device, Respiratory Monitoring Device, and Others), End-users (Hospitals & Clinics, Home Healthcare, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

The India patient monitoring market size was around USD 1639.28 Million in 2022 and is anticipated to surpass USD 3679.67 Million by 2031, accelerating at a compound annual growth rate (CAGR) of 9.4% during the forecast period, 2023–2031. The growth of the market is attributed to rising demand for monitoring devices that record, measure, distribute, and display a variety of biometric data such as temperature, blood oxygen saturation, and blood pressure.

Patients monitoring devices or systems are used by cardiac patients and diabetic patients regularly to avoid severe problems. Drastic changes have seen in the healthcare sector due to the habits and changing lifestyle of the people. In addition, the firms are ramping up production of critical/essential medical equipment items. For instance, Royal Philips launched the first-of-its-kind mobile Intensive Care Units (ICUs) in India in July 2020.

Moreover, Chronic Obstructive Pulmonary Disease (COPD) and Asthma patients, as well as the high incidence of cigarette smoking, are all on the rise. Asthma affects around 235 million people worldwide, according to the WHO. As a result, the use of a peak flow meter, which is used to quantify the rate of respiration, has increased. It's simple to use, transport, and access from afar, thus it's in high demand.

The COVID-19 pandemic put a huge strain on the healthcare system, which was already understaffed and overburdened. Patient monitoring technologies including ventilators assisted in the monitoring of critical COVID-19 patients, allowing measures of physiological reserves and indicating the efficacy of therapeutic treatments throughout the pandemic, demonstrating the benefits of patient monitoring devices.

India Patient Monitoring Market Trends, Drivers, Restraints, and Opportunities

Easy usage of portable devices drives the market growth during the forecast period.
Changing lifestyles are leading to an increase in chronic illness cases and growing preference for home and remote monitoring anticipated to propel the market expansion.
Government reimbursement issues and various regulations can hamper the market growth.
High cost of the technology can hinder the market expansion in the coming years.
Innovative launch of an equipment will be rewarded with huge benefits and creates lucrative opportunities for the market growth.

Scope of India Patient Monitoring Market Report

The report on the India patient monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Patient Monitoring Market - India Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Targeted Areas (Respiratory, Fetal & Neonatal, Weight Monitoring, Remote Monitoring, Weight Management & Fitness Monitoring, Cardiology, Neurology, and Others), Product Types (Cardiac Monitoring Devices, Blood Glucose Monitoring Systems, Multi-parameter Monitoring Devices, Neuro-monitoring Device, Respiratory Monitoring Device, and Others), and End-users (Hospitals & Clinics, Home Healthcare, and Others)
Country	India
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	GE Healthcare; BPL Group; Mindray Medical International Limited; Nihon Kohden Corporation; Koninklijke Philips NV; Dragerwerk AG; Spacelabs Healthcare; Schiller; Omron Healthcare, Inc.; and Life Plus Healthcare (P) Limited

India Patient Monitoring Market Segment Insights

Remote Monitoring segment to expand at a considerable CAGR

On the basis of targeted areas, the India patient monitoring market is segmented into respiratory, fetal & neonatal, weight monitoring, remote monitoring, weight management & fitness monitoring, cardiology, neurology, and others. The remote monitoring segment is projected to expand at a considerable CAGR during the forecast period, as it can operate remotely to monitor critical parameters of patients. On the other hand, the respiratory segment is anticipated to account for a major market share during the forecast period. As in India, the rising number of tuberculosis (TB) patients is leading to an increase in the demand for patient monitoring systems.

Cardiac Monitoring Devices segment to hold a significant share of the market

In terms of product types, the India patient monitoring market is divided into cardiac monitoring devices, blood glucose monitoring systems, multi-parameter monitoring devices, neuro-monitoring device, respiratory monitoring device, and others. The cardiac monitoring devices segment is expected to hold a significant share of the market in the coming years due to the increasing prevalence of heart illnesses. Medtronic gained FDA clearance for Micra AV, the smallest pacemaker with atrioventricular synchronization, in January 2020. However, the multi-parameter monitoring devices segment accounts for a significant market share owing to the technological advancement.

Hospitals & Clinics segment to grow at a high rate during the forecast period

Based on end-users, the India patient monitoring market is segregated into hospitals & clinics, home healthcare, and others. The hospitals & clinics segment is expected to grow at a high rate during the projected period owing to the facilities provided to the patients by hospitals and clinics. Moreover, the home healthcare segment is expected to be the fast-growing segment during the forecast period due to the availability of advanced devices and aging population.

Segments

The India patient monitoring market has been segmented on the basis of

Targeted Areas

Respiratory
Fetal & Neonatal
Weight Monitoring
Remote Monitoring
Weight Management & Fitness Monitoring
Cardiology
Neurology
Others

Product Types

Cardiac Monitoring Devices
Blood Glucose Monitoring Systems
Multi-parameter Monitoring Devices
Neuro-monitoring Device
Respiratory Monitoring Device
Others

End-users

Hospitals & Clinics
Home Healthcare
Others

Country

India

Key Players

GE Healthcare
BPL Group
Mindray Medical International Limited
Nihon Kohden Corporation
Koninklijke Philips NV
Dragerwerk AG
Spacelabs Healthcare
Schiller
Omron Healthcare, Inc.
Life Plus Healthcare (P) Limited

Competitive Landscape

Key players competing in the India patient monitoring market are GE Healthcare; BPL Group; Mindray Medical International Limited; Nihon Kohden Corporation; Koninklijke Philips NV; Dragerwerk AG; Spacelabs Healthcare; Schiller; Omron Healthcare, Inc.; and Life Plus Healthcare (P) Limited.

The patient monitoring market in India is competitive and fragmented, with numerous significant competitors. Mergers, new product launches, acquisitions, and collaborations are among the strategic activities that the corporations are pursuing to boost their market positions. For instance, OMRON Healthcare India started a joint AI-based trial program in remote patient monitoring in India in August 2021. The program goal is to keep track of hypertension and electrocardiograms in individuals who have had ablation or surgery to treat cardiovascular problems.

Patient Monitoring Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Patient Monitoring Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Patient Monitoring Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Patient Monitoring Market - Supply Chain
  4.5. Global Patient Monitoring Market Forecast
     4.5.1. Patient Monitoring Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Patient Monitoring Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Patient Monitoring Market Absolute $ Opportunity
5. Global Patient Monitoring Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Patient Monitoring Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Patient Monitoring Demand Share Forecast, 2019-2026
6. North America Patient Monitoring Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Patient Monitoring Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Patient Monitoring Demand Share Forecast, 2019-2026
7. Latin America Patient Monitoring Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Patient Monitoring Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Patient Monitoring Demand Share Forecast, 2019-2026
8. Europe Patient Monitoring Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Patient Monitoring Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Patient Monitoring Demand Share Forecast, 2019-2026
9. Asia Pacific Patient Monitoring Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Patient Monitoring Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Patient Monitoring Demand Share Forecast, 2019-2026
10. Middle East & Africa Patient Monitoring Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Patient Monitoring Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Patient Monitoring Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Patient Monitoring Market: Market Share Analysis
  11.2. Patient Monitoring Distributors and Customers
  11.3. Patient Monitoring Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. GE Healthcare
     11.4.2. BPL Group
     11.4.3. Mindray Medical International Limited
     11.4.4. Nihon Kohden Corporation
     11.4.5. Koninklijke Philips NV
     11.4.6. Dragerwerk AG
     11.4.7. Spacelabs Healthcare