Press release
Digital Patient Monitoring Devices Market to Outstrip US$ 323.82 Billion by 2027 | CAGR 24.50%
IMARC Group's latest research report, titled "Digital Patient Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.The global digital patient monitoring devices market reached a value of US$ 80.77 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 323.82 Billion by 2027, exhibiting a CAGR of 24.50% during 2022-2027. Digital patient monitoring devices refer to electronic gadgets intended to monitor the vital parameters of a patient, including heart rate, temperature, pulse rate, blood pressure, blood oxygen saturation levels (SPO2), etc. They are commonly available for urine output, temperature, respiratory, cardiac, weight, neuromonitoring, remote patient, etc. Digital patient monitoring devices aid in increasing patient engagement and control, preventing and delaying complications from the disease, saving time, reducing errors, reducing workload, improving communication, and enhancing safety. As a result, they find extensive usage in hospitals, clinics, ambulatory surgical centers (ASC), home care settings, etc.
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Important Attribute and highlights of the Report:
Detailed analysis of the global market share
Market Segmentation by monitoring type, product and end user.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Digital Patient Monitoring Devices Market
Strategies of major players and product offerings
The escalating prevalence of chronic medical ailments, such as hypertension, blood pressure, asthma, diabetes, etc., is primarily driving the digital patient monitoring devices market. Besides this, the elevating demand for various sensor-based wearable monitoring devices, including continuous glucose monitors that assist in tracking the blood sugar levels on a real-time basis, is further augmenting the market growth. Apart from this, the expanding geriatric population, the rising expenditure capacities of consumers, and widespread product utilization in in-home care settings owing to the sudden outbreak of the COVID-19 pandemic are also catalyzing the global market. Moreover, the expanding advancements in technology, including the introduction of smart monitoring devices that assist in the rapid analysis of common physiological parameters, are expected to bolster the digital patient monitoring devices market in the coming years.
Key Players Included in Global Digital Patient Monitoring Devices Market Research Report:
Abbott Laboratories
AT&T Inc.
Athenahealth Inc.
F. Hoffmann-La Roche AG
General Electric Company
Hill-Rom Holdings Inc. (Baxter International Inc.)
Johnson & Johnson
Koninklijke Philips N.V
Medtronic plc
Nihon Kohden Corporation
OMRON Corporation and ResMed
Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/digital-patient-monitoring-devices-market
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Monitoring Type:
Wireless Sensor Technology
mHealth
Telehealth
Wearable Devices
Remote Patient Monitoring
Breakup by Product:
Diagnostic Monitoring Devices
Vital Sign Monitors
Sleep Monitors
Fetal Monitors
Neuromonitors
Others
Therapeutic Monitoring Devices
Insulin Monitors
Respiratory Monitors
Others
Breakup by End User:
Hospitals
Home Settings
Ambulatory Surgical Centers (ASC)
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Digital Patient Monitoring Devices Market Research Report:
Preface
Scope and Methodology
Executive Summary
Introduction
Global Digital Patient Monitoring Devices Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape
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Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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