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January 11, 2022updated 31 Jan 2022 5:09pm

2021 saw a 10% rise in pipeline Patient Monitoring products globally

By Carmen

The number of pipeline Patient Monitoring products in 2021 saw a 10% rise globally when compared to Patient Monitoring Pipeline Products in 2020, according to GlobalData’s Pipeline Products database. This compares to an 15% rise for all pipeline medical devices in 2021 compared to 2020.

The global Patient Monitoring market was worth $10.64bn in 2020 and is expected to reach $11.39bn by 2025, according to GlobalData’s analysis.

 

Patient Monitoring Pipeline Products by categories: Remote Patient Monitoring has the most devices

Looking at the device categories of Pipeline Products , Remote Patient Monitoring accounted for the largest proportion (39.8%) in 2021, followed by Blood Pressure Monitors (12.24%) and Multiparameter Patient Monitoring (10.2%).

Of the global medical devices market value, the Patient Monitoring market held a 2% share worth $10bn in 2021 and is expected to reach $11.39bn by 2025.

Patient Monitoring development activity: Advanced stage of development leads

Devices at an advanced stage of development (in clinical trials, in the approval process, already approved in Europe or the rest of the world) accounted for 50% of medical devices in 2021, compared with 55.56% in 2020. The number of devices at the In Approval stage inclined by 38% in 2021, when compared with 2020.

The In Approval stage is considered to be the period where the manufacturer is waiting for final approval from regulators, following completion of the required development steps.

A decrease in products awaiting approval would indicate less new products entering the market in the coming months, while an increase indicates more devices entering the market, posing a market share threat to existing marketed devices.

 

North America tops pipeline Patient Monitoring products activity

Comparing the number of pipeline Patient Monitoring products activity in different regions of the globe, North America held the top position (65%) during 2021, followed by Europe (19%), and Asia-Pacific (13%).

On a country level, the US had the most pipeline Patient Monitoring during the year, representing the largest share (66%) of Patient Monitoring Pipeline Products . In second place was China (9%), followed by Canada (6%).

New pipeline Patient Monitoring medical devices: Expected to be approved by 2025

According to GlobalData, approximately 48% of pipeline Patient Monitoring in 2021 were expected to receive regulatory approval by the end of 2025. The leading categories for devices expected to receive regulatory approval by the end of 2025 was Low Acuity Monitors, at 5% of devices. Differences in regulatory approval timelines reflect the stage of development for a device, the device complexity or risk categorization (or device class) or if there are changes in regulatory oversight.

Strados Labs LLC tops Patient Monitoring development in 2021

According to GlobalData, top ten medical device companies accounted for 21.43% of pipeline Patient Monitoring activity during 2021. The leading company for developing Patient Monitoring was Strados Labs LLC with 4.08%, followed by Shenzhen Mindray Bio-Medical Electronics Co Ltd at 2.04%.

Companies launching new medical devices are more likely to disrupt existing market share or are better able to defend existing share.

Company-developed Pipeline Products lead Patient Monitoring in development

Looking at the share of activity in terms of Patient Monitoring Pipeline Products developers, company-developed Pipeline Products accounted for an 88% share of the Patient Monitoring medical devices market, while institute-developed Pipeline Products held the remaining share.

The monthly average for 2021 saw company-developed Patient Monitoring Pipeline Products account for 88% of Pipeline Products and institute-developed Pipeline Products account for 12%.

Methodology
The medical devices pipeline data used in this article were extracted from Medical Pipeline Products Database of GlobalData’s Medical Intelligence Center. Pipeline Products database covers all medical devices which are in development stage and intended for diagnosis, treatment, and management of diseases/conditions/symptoms directly or indirectly. Pipeline Products are covered from various authenticated sources like company websites, SEC filings, conference presentations, analyst presentations, news releases, grants etc. The information is collected by following systematic research techniques and proprietary methodology.

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