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Pulished Date April, 2021
ID: 114
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Latin America Patient monitoring Market Research Report - Segmented By Application, and Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast | 2021 to 2026

Pulished: April, 2021
ID: 114
Pages: 130

Latin America Patient Monitoring Market Size (2021 to 2026)

As per our report, the Latin America Patient Monitoring market was estimated at USD 3.30 Billion in 2021. It is further expected to worth USD 4.76 Billion by 2026, registering a CAGR of 7.60% from 2021 to 2026.

Patient Monitoring Systems enable efficient healthcare delivery to patients outside the conventional hospital or clinical settings by transmitting real-time patient data for clinical review, which reduces mortality rates and facilitates efficient use of medical resources. These patient monitoring services help avoid emergency overcrowding, manage a huge number of patients, and enhance electronic health records (EHR). Recently the market has gained immense focus due to the government measures to cut down hospital expenditures and reduce hospital stays.

The Latin American Patient monitoring market is expected to be majorly driven by the rising prevalence of chronic diseases, increasing the number of surgeries, and growing demand for monitoring devices across the region. Another factor projected to drive market expansion is rapid improvements in the electronics sector, which have resulted in device shrinking and manufacturers' approach to the development of advanced small portable devices that aid in emergencies. 

In addition, the growing geriatric population is significantly influencing the LATAM Patient monitoring market. The senior population is more prone to various chronic diseases, such as cancer, diabetes, and other cardiovascular disorders, enabling monitoring devices. According to the Cancer Atlas report, over 1.3 million new cancer cases and 666,000 cancer deaths occurred in Latin America and the Caribbean in 2018. As a result, using these ensures that the patient's condition is constantly checked. Furthermore, one of the primary drivers of market expansion is the necessity to sustain average healthcare expenditures.

Other factors such as increasing healthcare spending, improving healthcare expenditure, and the availability of advanced healthcare infrastructure in emerging countries contribute to Latin America Patient Monitoring market growth.

Moreover, growing government spending in the healthcare sector to enable the use of innovative technology is expected to encourage new market entrants. 

Furthermore, with the introduction of smart connected devices and high-speed internet access, Increased usage of wireless devices for remote monitoring by hospitals and clinics is likely to boost the market growth.

However, the high cost of various monitoring equipment and technical issues are projected to hinder the adoption of advanced monitoring devices, posing a significant challenge for the Latin American Patient monitoring market.

Stringent government regulations governing product certification and a lack of built infrastructure in Latin American countries are expected to hinder the market growth. 

Other factors projected to drive market expansion include an increase in the usage of smart wearables that can track and exchange monitored data with healthcare practitioners and an increase in the global geriatric population, and a desire for home healthcare.

This research report on the Latin America Patient Monitoring Market has been segmented and sub-segmented into the following categories:

By Application:

  • Neuromonitoring Devices

    • Electroencephalograph (EEG)

    • Transcranial Doppler (TCD)

    • Magnetoencephalography (MEG)

    • Cerebral Oximeters

    • Intracranial Pressure Monitors (ICP)

  • Hemodynamic Monitoring Devices

    • Blood Pressure Monitors

    • Blood Glucose Monitors

    • Blood Gas and Electrolyte Analyzers

    • Cholesterol Analyzers

  • Cardiac Monitoring Devices             

    • Electrocardiogram (ECG) 

    • Event Monitors

    • Implantable Loop Recorder (ILR) 

    • Cardiac Output Monitoring Devices 

  • Fetal and neonatal Monitoring Devices      

    • UltraSound Fetal Dopplers 

    • Internal Fetal Monitors

  • Respiratory Monitoring Devices     

    • Capnography 

    • Spirometers 

    • Anesthesia Monitors 

    • Sleep Apnea Monitoring Devices 

    • Pulse Oximeters

  • Multi-Parameter Monitoring Devices          

    • High-Acuity Monitors 

    • Mid-Acuity Monitors 

    • Low-Acuity Monitors

  • Temperature Monitoring Devices 

  • Weight Monitoring Devices             

  • Remote Patient Monitoring Devices

By Country: 

  • Brazil

  • Mexico

  • Argentina

  • Chile

  • Rest of Latin America

The Latin America patient monitoring market is predicted to witness a moderate share during the forecast period. The Latin American patient monitoring market is expected to grow at a CAGR of 3.3 percent during the projected period. The regional market growth is expected to be fueled by a well-established healthcare sector, favorable reimbursement policies, and the presence of key market players. In addition, the presence of large companies in countries like Mexico, Brazil, and Argentina and a well-developed healthcare infrastructure expand the Latin American regional market growth. 

In addition, the region's market growth is likely to be aided by increased merger and acquisition activity between regional and international businesses.

Brazil dominates the LATAM patient monitoring market, and it is likely to continue its growth over the forecast period. The rising burden of chronic diseases as a result of lifestyle changes and the expanding preference for home and remote monitoring are two important reasons driving the market growth. 

On the other hand, emerging countries such as Argentina and Mexico are more likely to grow significantly due to the improving healthcare sectors, healthcare expenditure, and supportive government policies. In addition to the significant prevalence of various chronic conditions, patient monitoring technologies are used to detect slight changes in the patient's physiological data; hence, encouraging self-monitoring is the other factor propelling the growth of Latin America patient monitoring market. 

Companies playing a notable role in the Latin America Patient Monitoring Market are Abbott Laboratories, Masimo Corporation, Covidien, Drager Medical GmbH, GE Healthcare, Johnson & Johnson Inc., Mindray Medical, Mortara Instrument Inc., Natus, Nihon Kohden, Nonin Medical, Omron Healthcare, Philips Healthcare, Roche Diagnostics Limited, and Welch Allyn.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Analysis Design                         

                2.3 Research Phases                      

                                2.3.1 Secondary Research            

                                2.3.2 Primary Research 

                                2.3.3 Econometric Modelling     

                                2.3.4 Expert Validation  

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Application                           

                                5.1.1 Neuromonitoring Devices

                                                5.1.1.1 Electroencephalograph (EEG)

                                                5.1.1.2 Transcranial Doppler (TCD)

                                                5.1.1.3 Magnetoencephalograph (MEG)

                                                5.1.1.4 Cerebral Oximeters

                                                5.1.1.5 Intracranial Pressure Monitors (ICP)

                                5.1.2 Hemodynamic Monitoring Devices

                                                5.1.2.1 Blood Pressure Monitors

                                                5.1.2.2 Blood Glucose Monitors

                                                5.1.2.3 Blood Gas and Electrolyte Analyzers

                                                5.1.2.4 Cholesterol Analyzers

                                5.1.3 Cardiac Monitoring Devices             

                                                5.1.3.1 Electrocardiogram (ECG) 

                                                5.1.3.2 Event Monitors

                                                5.1.3.3 Implantable Loop Recorder (ILR) 

                                                5.1.3.4 Cardiac Output Monitoring Devices 

                                5.1.4 Fetal and neonatal Monitoring Devices      

                                                5.1.4.1 Ultra Sound Fetal Dopplers 

                                                5.1.4.2 Internal Fetal Monitors

                                5.1.5 Respiratory Monitoring Devices     

                                                5.1.5.1 Capnographs 

                                                5.1.5.2 Spirometers 

                                                5.1.5.3 Anesthesia Monitors 

                                                5.1.5.4 Sleep Apnea Monitoring Devices 

                                                5.1.5.5 Pulse Oximeters

                                5.1.6 Multi-Parameter Monitoring Devices          

                                                5.1.6.1 High-Acuity Monitors 

                                                5.1.6.2 Mid-Acuity Monitors 

                                                5.1.6.3 Low-Acuity Monitors

                                5.1.7 Temperature Monitoring Devices 

                                5.1.8 Weight Monitoring Devices             

                                5.1.9 Remote Patient Monitoring Devices             

6. Geographical Analysis                                              

                6.1 Introduction                              

                6.2 Brazil                             

                6.3 Argentina                    

                6.4 Mexico                         

                6.5 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Abbott Laboratories               

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Drager Medical GmbH                           

                8.3 GE Healthcare                           

                8.4 Johnson & Johnson Inc                          

                8.5 Masimo Corporation                              

                8.6 Medtronic                  

                8.7 Omron Healthcare                   

                8.8 Mindray Medical                      

                8.9 Mortara Instrument Inc                        

                8.10 Nonin Medical                        

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Expert Opinions                                         

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

11. Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped

  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment

  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Latin America Patient Monitoring Market, By Region, From 2021 to 2026 (USD Billion)
  2. Latin America Patient Monitoring Market, By Application, From 2021 to 2026 (USD Billion)
  3. Latin America Neuromonitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  4. Latin America Hemodynamic Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  5. Latin America Cardiac Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  6. Latin America Fetal and neonatal Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  7. Latin America Respiratory Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  8. Latin America Multi-Parameter Patient Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  9. Latin America Patient Temperature Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  10. Latin America Patient Weight Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  11. Latin America Remote Patient Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  12. Latin America Neuromonitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  13. Latin America Electroencephalograph (EEG) Market, By Region, From 2020 to 2025 (USD Billion)
  14. Latin America Transcranial Doppler (TCD) Market, By Region, From 2020 to 2025 (USD Billion)
  15. Latin America Magnetoencephalograph (MEG) Market, By Region, From 2020 to 2025 (USD Billion)
  16. Latin America Cerebral Oximeters Market, By Region, From 2020 to 2025 (USD Billion)
  17. Latin America Intracranial Pressure Monitors (ICP) Market, By Region, From 2020 to 2025 (USD Billion)
  18. Latin America Hemodynamic Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  19. Latin America Blood Pressure Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  20. Latin America Blood Glucose Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  21. Latin America Blood Gas and Electrolyte Analyzers Market, By Region, From 2020 to 2025 (USD Billion)
  22. Latin America Cholesterol Analyzers Market, By Region, From 2020 to 2025 (USD Billion)
  23. Latin America Cardiac Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  24. Latin America Electrocardiogram (ECG)  Market, By Region, From 2020 to 2025 (USD Billion)
  25. Latin America Cardiac Event Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  26. Latin America Cardiac Implantable Loop Recorder (ILR)  Market, By Region, From 2020 to 2025 (USD Billion)
  27. Latin America Cardiac Output Monitoring Devices  Market, By Region, From 2020 to 2025 (USD Billion)
  28. Latin America Fetal and neonatal Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  29. Latin America Ultra Sound Fetal Dopplers  Market, By Region, From 2020 to 2025 (USD Billion)
  30. Latin America Internal Fetal Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  31. Latin America Respiratory Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  32. Latin America Capnographs  Market, By Region, From 2020 to 2025 (USD Billion)
  33. Latin America Spirometers  Market, By Region, From 2020 to 2025 (USD Billion)
  34. Latin America Anesthesia Monitors  Market, By Region, From 2020 to 2025 (USD Billion)
  35. Latin America Sleep Apnea Monitoring Devices  Market, By Region, From 2020 to 2025 (USD Billion)
  36. Latin America Pulse Oximeters Market, By Region, From 2020 to 2025 (USD Billion)
  37. Latin America Multi-Parameter Patient Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  38. Latin America High-Acuity Patient Monitors  Market, By Region, From 2020 to 2025 (USD Billion)
  39. Latin America Mid-Acuity Patients Monitors  Market, By Region, From 2020 to 2025 (USD Billion)
  40. Latin America Low-Acuity Patient Monitors Market, By Region, From 2020 to 2025 (USD Billion)
  41. Brazil Patient Monitoring Market, By Application, From 2021 to 2026 (USD Billion)
  42. Argentina Patient Monitoring Market, By Application, From 2021 to 2026 (USD Billion)
  43. Mexico Patient Monitoring Market, By Application, From 2021 to 2026 (USD Billion)
  44. Rest of Latin America Patient Monitoring Market, By Application, From 2021 to 2026 (USD Billion)
  45. Brazil Neuromonitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  46. Argentina Neuromonitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  47. Mexico Neuromonitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  48. Rest of Latin America Neuromonitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  49. Brazil Hemodynamic Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  50. Argentina Hemodynamic Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  51. Mexico Hemodynamic Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  52. Rest of Latin America Hemodynamic Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  53. Brazil Cardiac Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  54. Argentina Cardiac Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  55. Mexico Cardiac Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  56. Rest of Latin America Cardiac Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  57. Brazil Fetal and neonatal Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  58. Argentina Fetal and neonatal Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  59. Mexico Fetal and neonatal Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  60. Rest of Latin America Fetal and neonatal Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  61. Brazil Respiratory Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  62. Argentina Respiratory Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  63. Mexico Respiratory Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  64. Rest of Latin America Respiratory Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  65. Brazil Multi-Parameter Patient Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  66. Argentina Multi-Parameter Patient Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  67. Mexico Multi-Parameter Patient Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)
  68. Rest of Latin America Multi-Parameter Patient Monitoring Devices Market, By Type, From 2020 to 2025 (USD Billion)

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