openPR Logo
Press release

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

04-07-2021 04:42 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: 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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release U.S. Patient Monitoring System Market to See Huge Growth by 2027 | Allied Market Research here

News-ID: 2267318 • Views: 148

More Releases from Allied Market Research

India Energy Management Systems Market Growing at a CAGR of 19.1% With Top Playe …
Energy management systems allow organization to collect information on the energy use through monitoring, assessing, and visualizing energy consumption. Growth in need of energy efficiency, energy price volatility, and policy and regulatory mandates primarily drive the growth of energy management system. However, low of awareness among the small and medium enterprise owners and lack of stringent energy consumption policies in the country hinders the growth of the market. Subsequently, providing
Electric Motor Market Key Driven Factors, Segmentation And Forecast To 2025 | Pl …
A surge in demand for energy-efficient electric motors, demand from industrial & agricultural sectors, increase in awareness regarding electric & green vehicles among customers, and rise in HVAC applications have driven the growth in the global electric motor market. On the other hand, high investment costs of motors hinder the growth. However, standardization & regulatory policies in emerging markets and enhancements in design methods for lowering carbon emissions would create
Digital Textile Printing Machine Market Witness Highest Growth in Near Future at …
Surge in consciousness towards fashion, sustainable and eco-friendly printing methods, and higher creativity and increased design flexibility drive the growth of the market. However, the harmful effects associated with digital textile printers and the never-ending competition from traditional printing methods restrict the growth. On the other hand, the high speed of producing products using printer provide lucrative opportunities for this market. The global digital textile printing machine market was valued at
DNA Diagnostics Market Research Report, Analysis, Covid-19 Analysis, Industry Sc …
DNA diagnostics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $19 billion by 2027, registering a CAGR of 9.8% during the period 2014-2027. The potential to provide accurate diagnosis and cost effectiveness over alternative diagnostic techniques are factors which supplement the growth of the DNA diagnostics market. Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/298 The latest figures suggest that approximately 8.2 million people are living

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020