The remote patient monitoring market in Europe is expected to grow from US$ 9,442.34 million in 2021 to US$ 59,123.15 million by 2028; it is estimated to grow at a CAGR of 30.0% from 2021 to 2028.
With a rise in cases of chronic illnesses such as diabetes and hypertension, there has been a rise in awareness regarding one’s health. Also, in recent days, there has been a significant rise in the number of individuals suffering from heart related disorders. These factors have enhanced the importance of maintaining health among the population in the developed as well as the developing nations. The demand for various health monitoring devices for maintaining a track of health status has increased significantly in the recent years. Also, there has been a rise in number of specialty clinics and home healthcare business in the region. The UK is anticipated to offer significant growth opportunity during the forecast period, owing to higher disposable income as well as the rate of urbanization in the region. The use of handheld and wearable devices for monitoring vital signs has been high among the old age population as well as millennial. Owing to the growth in awareness regarding health, the market for remote patient monitoring devices is anticipated to witness significant growth during the forecast period.
The European region is highly affected by the outbreak of the COVID-19 pandemic. Countries like Italy, Spain, the UK, Germany, France, and other European counties such as Russia, Switzerland are highly affected. Most of the deaths were registered in these countries in the initial phases of the pandemic onset. The European countries are currently facing the second wave of the pandemic. Therefore, to control the spread of coronavirus, governments of various countries have implemented lockdown. Reliable and timely COVID-19 observation of vital signs is an integral part of the monitoring, prevention, touch recording, and control of infections, and clinical management of COVID-19. For instance, an ERDF-funded project is helping to tackle the COVID-19 crisis in Italy. New sensing devices created by the MEDIWARN project allow healthcare staff to monitor patients suffering from the disease at a distance. The remote patient monitoring solutions can monitor a patient’s vital signs such as heartbeat, respiratory rate, blood pressure and body temperature. It is difficult and dangerous for medical and nursing staff to monitor COVID-19 patients in person. Patients infected and symptomatic need to be isolated in rooms with negative pressure. The new and advanced devices allow staff to monitor such patients more easily from another room. Thus, COVID-19 pandemic resulted in increasing demand of healthcare monitoring and awareness boosting the remote patient monitoring market in the forecasted period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe remote patient monitoring market. The Europe remote patient monitoring market is expected to grow at a good CAGR during the forecast period.
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Europe Remote Patient Monitoring Market Segmentation
Europe Remote Patient Monitoring Market – By Type
- Software
- Cloud
- On-Premise
- Devices
- Cardiac Monitoring Devices
- Neurological Monitoring Devices
- Respiratory Monitoring Devices
- Multiparameter Monitoring Devices
- Blood Glucose Monitoring Devices
- Fetal and Neonatal Monitoring Devices
- Weight Monitoring Devices
- Other Monitoring Devices
- Services
Europe Remote Patient Monitoring Market – By End User
- Providers
- Hospitals
- Home Care Settings
- Ambulatory Care Centers
- Others
- Payers
- Patients
- Others
Europe Remote patient monitoring market – By Country
- Germany
- France
- United Kingdom
- Italy
- Spain
- Rest of Europe
Europe Remote patient monitoring market – Companies Mentioned
- Medtronic
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Abbott
- OMRON Corporation
- Siemens Healthineers AG
- Nihon Kohden Corporation
- General Electric Company
- Cerner Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Remote Patient Monitoring Market – By Type
1.3.2 Europe Remote Patient Monitoring Market – By End User
1.3.3 Europe Remote Patient Monitoring Market – By Country
2. Europe Remote Patient Monitoring Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Remote Patient Monitoring Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
5. Europe Remote Patient Monitoring Market – Key Market Dynamics
5.1 Drivers
5.1.1 Elevating Awareness Regarding Healthcare
5.1.2 Widening Demand for Home-Based Treatments
5.2 Restraints
5.2.1 Security and Privacy Problems
5.2.2 Unaddressed Regulatory Troubles
5.3 Opportunity
5.3.1 Spread of Healthcare Facilities in Remote Locations
5.4 Future Trend
5.4.1 Elevating Remote Monitoring to Replace Patients’ Routine Visits
5.5 Impact Analysis
6. Europe Remote Patient Monitoring – Market Analysis
6.1 Europe Remote Patient Monitoring Market Revenue Forecast and Analysis
7. Europe Remote Patient Monitoring Market Analysis – By Type
7.1 Overview
7.2 Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.3.2.1 Cloud Software
7.3.2.1.1 Overview
7.3.2.1.2 Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.3.2.2 On-Premise Software
7.3.2.2.1 Overview
7.3.2.2.2 On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Devices
7.4.1 Overview
7.4.2 Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.1 Cardiac Monitoring Devices
7.4.2.1.1 Overview
7.4.2.1.2 Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.2 Neurological Monitoring Devices
7.4.2.2.1 Overview
7.4.2.2.2 Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.3 Respiratory Monitoring Devices
7.4.2.3.1 Overview
7.4.2.3.2 Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.4 Multiparameter Monitoring Devices
7.4.2.4.1 Overview
7.4.2.4.2 Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.5 Blood Glucose Monitoring Devices
7.4.2.5.1 Overview
7.4.2.5.2 Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.6 Fetal and Neonatal Monitoring Devices
7.4.2.6.1 Overview
7.4.2.6.2 Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.7 Weight Monitoring Devices
7.4.2.7.1 Overview
7.4.2.7.2 Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.4.2.8 Other Monitoring Devices
7.4.2.8.1 Overview
7.4.2.8.2 Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
8. Europe Remote Patient Monitoring Market – By End User
8.1 Overview
8.2 Remote Patient Monitoring Market, by End User (2021 and 2028) (%)
8.3 Providers
8.3.1 Overview
8.3.2 Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.1 Hospitals
8.3.2.1.1 Overview
8.3.2.1.2 Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.2 Home Care Settings
8.3.2.2.1 Overview
8.3.2.2.2 Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.3 Ambulatory Care Centers
8.3.2.3.1 Overview
8.3.2.3.2 Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.4 Others
8.3.2.4.1 Overview
8.3.2.4.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Payers
8.4.1 Overview
8.4.2 Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Patients
8.5.1 Overview
8.5.2 Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Remote Patient Monitoring Market – Country Analysis
9.1 Overview
9.1.1 Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, By Country (%)
9.1.1.1 UK
9.1.1.1.1 UK Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
9.1.1.1.2 UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
9.1.1.1.2.1 UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
9.1.1.1.2.2 UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
9.1.1.1.3 UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
9.1.1.1.3.1 UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Provider (US$ Million)
9.1.1.2 Germany
9.1.1.2.1 Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
9.1.1.2.2 Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
9.1.1.2.2.1 Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
9.1.1.2.2.2 Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
9.1.1.2.3 Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
9.1.1.2.3.1 Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Providers (US$ Million)
9.1.1.3 France
9.1.1.3.1 France Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
9.1.1.3.2 France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
9.1.1.3.2.1 France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
9.1.1.3.2.2 France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
9.1.1.3.3 France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
9.1.1.3.3.1 France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Provider (US$ Million)
9.1.1.4 Italy
9.1.1.4.1 Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
9.1.1.4.2 Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
9.1.1.4.2.1 Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
9.1.1.4.2.2 Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
9.1.1.4.3 Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
9.1.1.4.3.1 Italy Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)
9.1.1.5 Spain
9.1.1.5.1 Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
9.1.1.5.2 Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
9.1.1.5.2.1 Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
9.1.1.5.2.2 Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
9.1.1.5.3 Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
9.1.1.5.3.1 Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Provider (US$ Million)
9.1.1.6 Rest of Europe
9.1.1.6.1 Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
9.1.1.6.2 Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
9.1.1.6.2.1 Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
9.1.1.6.2.2 Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
9.1.1.6.3 Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
9.1.1.6.3.1 Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Providers (US$ Million)
10. Impact of COVID-19 Pandemic on Europe Remote Patient Monitoring Market
10.1 Impact Assessment of COVID-19 Pandemic
11. Europe Remote Patient Monitoring Market– Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Medtronic
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Koninklijke Philips N.V.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cerner Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Boston Scientific Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Abbott
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 OMRON Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Siemens Healthineers AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nihon Kohden Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 General Electric Company
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
Table 2. UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
Table 3. UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
Table 4. UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 5. UK Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Provider (US$ Million)
Table 6. Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
Table 7. Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
Table 8. Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
Table 9. Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)CAG
Table 10. Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Providers (US$ Million)
Table 11. France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
Table 12. France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
Table 13. France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
Table 14. France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 15. France Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Provider (US$ Million)
Table 16. Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
Table 17. Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
Table 18. Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
Table 19. Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 20. Italy Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)
Table 21. Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
Table 22. Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
Table 23. Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
Table 24. Spain Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 by End User (USD Million)
Table 25. Spain Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 by Provider (USD Million)
Table 26. Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Type (US$ Million)
Table 27. Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Software (US$ Million)
Table 28. Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Devices (US$ Million)
Table 29. Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 30. Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, by Providers (US$ Million)
Table 31. Organic Developments Done By Companies
Table 32. Inorganic Developments Done By Companies
Table 33. Glossary of Terms, Remote Patient Monitoring Market
LIST OF FIGURES
Figure 1. Europe Remote Patient Monitoring Market Segmentation
Figure 2. Europe Remote Patient Monitoring Market Segmentation, By Country
Figure 3. Europe Remote Patient Monitoring Market Overview
Figure 4. Devices Segment Held Largest Share of Remote Patient Monitoring Market, By Type
Figure 5. Rest of Europe to Show Significant Growth During Forecast Period
Figure 6. Europe Remote Patient Monitoring Market, Industry Landscape
Figure 7. Europe PEST Analysis
Figure 8. Europe Remote Patient Monitoring Market Impact Analysis of Driver and Restraints
Figure 9. Europe Remote Patient Monitoring Market – Revenue Forecast and Analysis – 2020- 2028
Figure 10. Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)
Figure 11. Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Remote Patient Monitoring Market, by End User (2021 and 2028) (%)
Figure 25. Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe Remote Patient Monitoring Market Revenue Overview, by Country, 2021 (US$ MILLION)
Figure 34. Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028, By Country (%)
Figure 35. UK Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
Figure 36. Germany Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
Figure 37. France Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
Figure 38. Italy Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
Figure 39. Spain Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
Figure 40. Rest of Europe Remote Patient Monitoring Market Revenue and Forecasts to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic in European Country Markets
- Medtronic
- Koninklijke Philips N.V.
- Boston Scientific Corporation
- Abbott
- OMRON Corporation
- Siemens Healthineers AG
- Nihon Kohden Corporation
- General Electric Company
- Cerner Corporation
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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Nov 2021
Osteoarthritis Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy Type [Transcutaneous Electrical Nerve Stimulation (TENS), Occupational Therapy, Physical Therapy, Platelet-Rich Plasma Therapy and Stromal Vascular Fraction, Prolotherapy, and Others], Disease Indication (Knee Osteoarthritis, Spine Osteoarthritis, Foot and Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis, and Others), End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgical Centers, Homecare, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Nov 2021
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Nov 2021
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Nov 2021
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)