Patient Monitoring Devices Market Growth Prospects, Share, Supply And Demand Analysis | Global Opportunities And Forecast - 2023

The Business Research Company offers " Patient Monitoring Devices Global Market Report 2020-30: COVID-19 Implications and Growth" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global patient monitoring devices market is expected to grow from $13.8 billion in 2019 to $14.8 billion in 2020 at a compound annual growth rate (CAGR) of 7.4%. The growth can be contributed to the expanded use of certain remote monitoring devices such as temperature monitoring devices for patient monitoring during COVID-19 pandemic. FDA has given clearance to some of the noninvasive remote monitoring devices (including body temperature monitors, continuous glucose monitors) that are used to support patient monitoring, considering public health emergency, without prior submission of a premarket notification. The quick approvals and the use of temperature monitoring devices at hospitals, home and different locations where there is mass gathering, is certain to contribute to rapid growth of this market. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $18.7 billion in 2023.

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The patient monitoring devices market consists of the sales of patient monitoring devices and related services by entities (organizations, sole traders and partnerships) that manufacture patient monitoring devices used for monitoring vital health parameters. This industry includes establishments that manufacture fetal and neonatal monitoring devices used to monitor heart rates in neonates and pregnant mothers, body weight and temperature monitoring devices, vital parameter monitoring devices used during surgeries, and remote patient monitoring devices.

Internet of Things (IoT) is increasingly being adopted in the healthcare industry for the manufacturing of remote patient monitoring devices. An IoT based patient health monitoring system effectively uses the internet to track a patient's health condition with the help of sensor systems that are implanted or embedded into the skin and enabled with wireless communication. They transmit patient's physiological parameters via cloud-based platforms aiding healthcare professionals to remotely measure the patient's condition.

Patient Monitoring Devices Market Segmentation: -
By Type
1. Fetal And Neonatal Monitoring Device
2. Weight Monitoring And Body Temperature Monitoring Devices And Equipment
3. Vital Parameter Monitoring Devices And Equipment
4. Remote Patient Monitoring Devices And Equipment

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Few Points From Table Of Content:
1. Executive Summary
2. Report Structure
3. Patient Monitoring Devices Market Characteristics
4. Patient Monitoring Devices Market Product Analysis
5. Patient Monitoring Devices Market Supply Chain
...........
20. Patient Monitoring Devices Market Competitive Landscape
21. Key Mergers And Acquisitions In The Patient Monitoring Devices Market
22. Market Background: Medical Equipment Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the patient monitoring devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the patient monitoring devices market are Philips Healthcare; GE healthcare; Medtronic Inc.; Omron Corporation; Masimo

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