U.S. Patient Monitoring System Market to See Huge Growth by 2027 | Allied Market Research

As per the report, the U.S. patient monitoring system industry was pegged at $12.20 billion in 2019, and is anticipated to garner $22.58 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027.

Drivers, restraints, and opportunities

Surge in prevalence of lifestyle diseases, increase in the geriatric populations, and rise in adoption of remote patient monitoring devices have boosted the growth of the U.S. patient monitoring systems market. However, reimbursement issues, government regulations, limited awareness, and high cost hamper the market. On the contrary, technological advancements would open new opportunities for the market players in the future.

Request for Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/7099?reqfor=covid

Covid-19 scenario:

The demand for remote continuous monitoring and interaction to support patients for a long period has increased during the Covid-19 pandemic. Moreover, patient monitoring systems are vital to track heart conditions, temperature, and other parameters.
In addition, there is increased demand for remote patient monitoring systems to effectively collect data to take care of patients who are at home.
The device segment held the largest share

By service, the device segment dominated the market in 2019, accounting for more than four-fifths of the U.S. patient monitoring systems market, due to high demand for patient monitoring devices and surge in geriatric population. However, the connectivity technology segment is projected to portray the highest CAGR of 14.9% during the forecast, owing to increase in demand for connected patient monitoring systems.

The remote patient monitoring devices segment to manifest the highest CAGR through 2027

By device type, the remote patient monitoring devices segment is expected to register the highest CAGR of 6.0% during the forecast period, due to ease of use and various technological advancements it offers. However, the cardiac monitoring devices segment held the largest share in 2019, contributing to more than one-fourth of the segment, owing to high prevalence of cardiac disorders and high demand for cardiac monitoring devices.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/7099

Major market players

Biotronik SE & CO. KG
Abbott Laboratories
Medtronic, Inc.
Boston Scientific Corporation
GE Healthcare Ltd
F. Hoffmann-La Roche Ltd.
Nihon Kohden Corporation
Masimo Corporation
Koninklijke Philips N.V.
OSI Systems, Inc. (Spacelabs Healthcare)

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.