Global Market for Patient Monitoring Device with COVID-19 Analysis is Anticipated to grow at a Significant Pace i.e., USD 44.85 Billion during the Forecast Period 2021-2027

The global patient monitoring device market is expected to witness a 4.5% CAGR during the forecast period. The primary factor attributing to the growth of the patient monitoring devices market include the integration of monitoring technologies in smartphones and wireless devices to monitor patients’ health leading to the introduction of remote monitoring systems, resulting in the growth of the market. Moreover, the mobile cardiac telemetry devices, mobile PDA systems, ambulatory wireless EEG disorders, and ambulatory event monitors will further drive the growth of the patient monitoring device market.

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In February 2021 Royal Philips has expanded remote patient management by introducing Philips Medical Tablet which is an end-to-end, easy-to-use, portable monitoring kit that aids clinicians to remotely monitor patients during emergency conditions, like the COVID-19 pandemic.

The COVID-19 pandemic has a tremendous growth on the patient monitoring device market owing to the continuous monitoring of patient's health like heart rate, pulse rate, blood pressure, blood oxygen saturation, etc. The key purpose of these monitors is to give warnings of early or dangerous deterioration in critically ill patients. Nevertheless, the rising prominence of wearable and remote patient monitoring devices will diagnose chronic diseases by clinical symptomology with essential vital signs will result in the growth of the patient monitoring device market.

By product, cardiac monitoring devices contributes to the largest share in the patient monitoring device market.

Based upon product, the patient monitoring device market is divided into cardiac monitoring devices, neuromonitoring devices, respiratory monitoring devices, hemodynamic monitoring devices, multi-parameter monitoring devices, temperature monitoring devices, fetal and neonatal monitoring devices, and weight monitoring devices. Cardiac monitoring devices dominate the market owing to the increased prominence of cardiovascular disorders like congestive heart failure, congenital heart disease, coronary heart disease, and stroke each year globally.

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“Asia-Pacific is anticipated to be the fastest-growing region in the Patient Monitoring Device during 2021-2027.”

Asia-Pacific is expected to be the fastest-growing region in the Patient Monitoring Device market owing to the adoption of a sedentary lifestyle in the region like poor diet, physical inactivity, and increase intake of sugar that might lead to chronic diseases like obesity, diabetes, etc.

Some of the major players in the Patient Monitoring Device market include Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron, and GE Healthcare are the key players offering patient monitoring devices.

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