South Korea Patient Monitoring Market

South Korea Patient Monitoring Market by Types of Device, Applications (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management & Fitness Monitoring, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-3777
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 202
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The South Korea patient monitoring market size is anticipated to expand at a considerable CAGR during the forecast period, 2021−2028. The growth of the market is attributed to increasing burden of chronic diseases in the country.


South Korea Patient Monitoring Market summary

The patient monitoring system is a set of system or process that enables healthcare provider to monitor a patient’s health. The example of patients monitoring system is an electrocardiography that monitor the electrical activity of the heart. The monitoring devices are collecting data of vital parameters such as blood pressure and heart rates. The various types of patient monitoring systems are available such as portable, real-time, and wireless. They have main two types bedside patient monitoring system and remote patient monitoring system.

The Covid-19 pandemic affected the demand and supply of South Korea patient monitoring market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. The demand for patient monitoring system and launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing prevalence of diseases in the country is expected to drive the South Korea patient monitoring market.
  • Increasing respiratory related diseases is requiring the patient monitoring system which is expected to fuel the South Korea patient monitoring market during the forecast period.
  • Research and development in the medical sector and people are curious about the health this is projected to boost the South Korea patient monitoring market during the forecast period.
  • High cost of patient monitoring systems is expected to hamper the South Korea patient monitoring market during the forecast period.
  • Some of faulty and inaccurate monitoring devices resulting wrong treatment to the patient is projected to hinder the market growth.
  • People are curious about health hence, new methods developed to reduce cost is fueling the South Korea patient monitoring market during the forecast period.

Scope of the Report

The report on the South Korea 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 - South Korea Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management & Fitness Monitoring, and Others)

Regional Scope

South Korea

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Nihon Kohden Corporation; Abbott Laboratories; General Electric Company (GE Healthcare); Dragerwerk AG & Co. KGaA; Koninklijke Philips N.V.

Market Segment Insights

The weight management and fitness monitoring segment are expected to grow at a rapid pace

Based on applications, the South Korea patient monitoring market is divided into cardiology, neurology, respiratory, fetal & neonatal, weight management & fitness monitoring, and other applications. The weight management & fitness monitoring segment is expected to grow at a rapid pace during the forecast period due to adoption of sedentary lifestyle such as poor diet, high consumption of sugar, physical inactivity has led to many chronic diseases such as obesity, diabetes, cardiovascular diseases, and others. As in the South Korea geriatric population is expected to increase in the coming years who are more prone to chronic diseases such as diabetes and other diseases is expected to drive the market during forecast period. However, the respiratory segment is anticipated to hold a key market share during the forecast period owing to increasing respiratory related diseases such as pneumococcal pneumonia (PP), invasive pneumococcal diseases (IPD) in the aged people required patient monitoring system is expected to fuel the South Korea patient market during the forecast period. According to the research article by Jung Yeon Heo et al., published in PLOS ONE Journal 2018, incidences of community-acquired pneumonia (CAP) was 307.7 cases per 10000 persons per year.


South Korea Patient Monitoring Market application

Segments

Segments Covered in the Report
The South Korea patient monitoring market has been segmented on the basis of   
Applications

  • Cardiology
  • Neurology
  • Respiratory
  • Fetal and Neonatal
  • Weight Management & Fitness Monitoring
  • Others

Key Players

  • Nihon Kohden Corporation
  • Abbott Laboratories
  • General Electric Company (GE Healthcare)
  • Dragerwerk AG & Co. KGaA
  • Koninklijke Philips N.V.

 

Competitive Landscape

Key players competing in the South Korea patient monitoring market include Nihon Kohden Corporation; Abbott Laboratories; General Electric Company (GE Healthcare); Dragerwerk AG & Co. KGaA; Koninklijke Philips N.V.

These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.

South Korea Patient Monitoring Market keyplayers

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 (000’ 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. Nihon Kohden Corporation
     11.4.2. Abbott Laboratories
     11.4.3. General Electric Company (GE Healthcare)
     11.4.4. Dragerwerk AG & Co. KGaA
     11.4.5. Koninklijke Philips N.V.

Segments Covered in the Report
The South Korea patient monitoring market has been segmented on the basis of   
Applications

  • Cardiology
  • Neurology
  • Respiratory
  • Fetal and Neonatal
  • Weight Management & Fitness Monitoring
  • Others

Key Players

  • Nihon Kohden Corporation
  • Abbott Laboratories
  • General Electric Company (GE Healthcare)
  • Dragerwerk AG & Co. KGaA
  • Koninklijke Philips N.V.

 

Key players competing in the South Korea patient monitoring market include Nihon Kohden Corporation; Abbott Laboratories; General Electric Company (GE Healthcare); Dragerwerk AG & Co. KGaA; Koninklijke Philips N.V.

These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.

South Korea Patient Monitoring Market keyplayers

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