Patient Monitoring Devices Market 2020 Covid-19 Updates With Key Players – GE healthcare, Medtronic Inc, Masimo

Patient Monitoring Devices Market - By Types (Fetal And Neonatal Monitoring Devices, Vital Parameter Monitoring Devices, Weight Monitoring Devices, Body Temperature Devices And Remote Patient Monitoring Devices), By End User (Hospitals, Homecare, Diagnostic Centre/Clinics), By Companies, And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global patient monitoring devices market reached a value of nearly $22.4 billion in 2018, having grown at a compound annual growth rate of 7.2% since 2014. Growth in the historic period resulted from the increase in the size of the aging population, emerging markets growth, technological advances, and rising healthcare expenditure. Factors that negatively affected growth in the historic period were lack of healthcare awareness and decreasing reimbursements.

The Key drivers of the patient monitoring devices market include:-
Rapid Growth In Elderly Population: The increase in patient pool due to the rising geriatric population globally, contributed significantly to the growth of the patient monitoring devices market during the historic period. According to the World Population Ageing report published by the United Nations in 2017, the global population aged 60 years or over was 962 million in 2017 and the population aged 80 years or over was 137 million in 2017.

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

The vital parameter monitoring devices and equipment market accounted for the largest share of the patient monitoring devices market in 2018 at 44.3%. The remote patient monitoring devices and equipment market is expected to be the fastest-growing segment going forward.

By End Use
1. Hospitals
2. Diagnostic Centre/Clinics
3. Homecare

The hospitals market accounted for the largest share of the patient monitoring devices market by end use in 2018 at 53.8%.

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By Geography - The patient monitoring devices market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the patient monitoring devices market are
1. Philips Healthcare
2. GE healthcare
3. Medtronic Inc.
4. Omron Corporation
5. Masimo

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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