Germany Patient Monitoring Market Size, Share, and COVID-19 Impact Analysis, By Product (Cardiac Monitoring Devices, Blood Glucose Monitoring Systems, Hemodynamic/Pressure Monitoring Devices, Multi-Parameter Monitoring Devices, Respiratory Monitoring Devices, and Others), By End Use (Hospitals, Ambulatory Surgery Centers, Home Care Settings, and Others), and Germany Patient Monitoring Market Insights, Industry Trend, Forecasts to 2033

Germany Patient Monitoring Market Insights Forecasts to 2033

• The Germany Patient Monitoring Market Size was valued at USD 2.55 Billion in 2023.
• The Market Size is Growing at a CAGR of 7.28% from 2023 to 2033
• The Germany Patient Monitoring Market Size is expected to reach USD 5.15 Billion by 2033

The Germany Patient Monitoring Market is anticipated to exceed USD 5.15 Billion by 2033, growing at a CAGR of 7.28% from 2023 to 2033. The increasing burden of chronic diseases owing to lifestyle changes and preference for home & remote monitoring are driving the patient monitoring market in the Germany.     

Market Overview

Patient monitoring market refers to the industry providing devices and services for monitoring patient’s health. Patient monitoring involves the use of technology for managing, monitoring, and treating patients' illnesses from a distance. Diabetic and cardiac condition patients surge the need for patient monitoring services and products. Contactless communication and tracking of medical conditions by clinicians are offered by patient-monitoring wearable devices. For instance, pulse oximetry determines patients' needs by remotely monitoring their SpO2 levels. The growing burden of chronic diseases owing to lifestyle changes and preference for home & patient monitoring are the factors that promote the patient monitoring market. The use of AI for real-time data analysis, remote monitoring, wearable technology, and personalized treatment plans are several factors that promote the growth opportunity for the patient monitoring market.

Report Coverage

This research report categorizes the market for the Germany patient monitoring market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany patient monitoring market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany patient monitoring market.

Driving Factors

The increasing burden of chronic diseases such as heart attacks, high blood pressure, cancer, emotional disorders, rheumatoid arthritis and osteoarthritis in the country is driving the market. The preference for home and remote monitoring that allows healthcare practitioners to gather real-time information on the physiological conditions of patients is propelling the patient monitoring market growth. The continuous product development and commercialization, and strengthening distribution channels of major product manufacturers augment the market growth.

Restraining Factors

The increased cost of this technology and the limited adoption of advanced monitoring systems by healthcare workers are challenging the market growth.

Market Segmentation

The Germany Patient Monitoring Market share is classified into product and end use.

• The blood glucose monitoring systems segment dominated the market with the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

The Germany patient monitoring market is segmented by product into cardiac monitoring devices, blood glucose monitoring systems, hemodynamic/pressure monitoring devices, multi-parameter monitoring devices, respiratory monitoring devices, and others. Among these, the blood glucose monitoring systems segment dominated the market with the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segment is further categorized as self-monitoring, continuous glucose monitoring, and wearable glucose monitoring. The increasing use of continuous glucose monitoring devices among people who use insulin is driving the patient monitoring market growth.

• The ambulatory surgery centers segment is dominating the Germany patient monitoring market in 2023 and is expected to grow at the fastest CAGR growth during the projected timeframe.

Based on the end use, the Germany patient monitoring market is divided into hospitals, ambulatory surgery centers, home care settings, and others. Among these, the ambulatory surgery centers segment is dominating the Germany patient monitoring market in 2023 and is expected to grow at the fastest CAGR growth during the projected timeframe. The segment involves the use of equipment to track signs and recovery of patients to ensure patient safety and quality of care. The use of portable monitoring solutions for avoiding delays and optimizing workflow efficiency is propelling the patient monitoring market in the ambulatory surgical centers (ASCs) segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany patient monitoring market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Abbott Laboratories
• GE Healthcare
• Baxter International Inc.
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Masimo Corporation
• Medtronic PLC
• Koninklijke Philips NV
• Siemens Healthcare GmbH
• Johnson & Johnson
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2022, Infineon Technologies said it is collaborating with Sleepiz AG, a Swiss digital health company, to enable sleep monitoring capability embedded in any connected smart home devices ranging from smart speakers to bed lamps.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Patient Monitoring Market based on the below-mentioned segments:

Germany Patient Monitoring Market, By Product

• Cardiac Monitoring Devices
• Blood Glucose Monitoring Systems
• Hemodynamic/Pressure Monitoring Devices
• Multi-Parameter Monitoring Devices
• Respiratory Monitoring Devices
• Others

Germany Patient Monitoring Market, By End Use   

• Hospitals
• Ambulatory Surgery Centers
• Home Care Settings
• Others