Patient Monitoring Device Market is Going to Boom with Becton, Dickinson and Company, STERIS, DXC Technology Company

The global patient monitoring device market size was US$ 21.1 billion in 2020. The global patient monitoring device market is forecast to grow to US$ 41.5 billion by 2030, registering a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2030.

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Factors Influencing the Market Growth

The growing trend of wireless monitoring devices is the primary factor driving the market growth. Moreover, the advent of wearable technologies, such as a smartwatch, has been profitable for market growth.
Increasing cases of chronic diseases are forecast to fuel the market growth. Moreover, the increasing demand for remote healthcare systems will further boost the market growth during the study period.
The increasing geriatric population, growing healthcare expenditure, and rising awareness towards regular health checkup is forecast to fuel the market growth. In addition, the advent of home healthcare will benefit the global patient monitoring device market.
Strict regulatory requirements may hamper the growth of the global patient monitoring devices market.

Regional Analysis

Of all the regions, North America accounts for the largest patient monitoring device market, owing to the increasing cases of chronic diseases. In addition, the high healthcare expenditure of the region is playing a prominent role in the market growth.

In addition, increasing consumer awareness and growing adoption of the remote healthcare system are prompting the growth of the region in the global patient monitoring device market.

Asia-Pacific is forecast to record the highest growth rate, owing to increasing healthcare expenditure, growing cases of chronic and lifestyle-associated diseases, rising trend of remote healthcare, and growing consumer awareness in the region.

COVID-19 Impact Analysis

The demand for patient monitoring devices suddenly increased during the COVID-19 pandemic, mainly due to the mandatory need to look over health. It became essential for the consumer to perform regular check-ups. Thus, market players started offering efficient, user-friendly technologies for people to use at home. Thus, the global patient monitoring device market grew significantly during the pandemic.

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Competitors in the Market

Becton
Dickinson and Company
STERIS
DXC Technology Company
Cerner Corporation
Allscripts Healthcare Solutions
Omnicell
McKesson Corporation
GE Healthcare
Optum
Nexus AG
Getinge
Surgical Information Systems
Other prominent players

Market Segmentation

The global patient monitoring device market segmentation focuses on Product, End-User, and Region.

Global Patient Monitoring Devices Market, by Product

Blood Glucose Monitoring Systems
Self-monitoring Blood Glucose Systems
Continuous Glucose Monitoring Systems
Cardiac Monitoring Devices
ECG Devices
Implantable Loop Recorders
Event Monitors
Mobile Cardiac Telemetry Monitors
Smart/Wearable ECG Monitors
Multi-parameter Monitoring Devices
Low-acuity Monitoring Devices
Mid-acuity Monitoring Devices
High-acuity Monitoring Devices
Respiratory Monitoring Devices
Pulse Oximeters
Spirometers
Capnographs
Peak Flow Meters
Temperature Monitoring Devices
Handheld Temperature Monitoring Devices
Table-top Temperature Monitoring Devices
Wearable Continuous Monitoring Devices
Invasive Temperature Monitoring Devices
Smart Temperature Monitoring Devices
Hemodynamic/Pressure Monitoring Devices
Hemodynamic Monitors
Blood Pressure Monitors
Disposables
Fetal & Neonatal Monitoring Devices
Fetal Monitoring Devices
Neonatal Monitoring Devices
Neuromonitoring Devices
Electroencephalograph Machines
Electromyography Machines
Cerebral Oximeters
Intracranial Pressure Monitors
Magnetoencephalograph Machines
Transcranial Doppler Machines
Weight Monitoring Devices
Digital
Analog
Other Patient Monitoring Devices

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Global Patient Monitoring Devices Market, by End User

Hospitals
Ambulatory Surgery Centers
Home Care Settings
Other End Users
Global Patient Monitoring Devices Market,

by Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

What is the goal of the report?

-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.

-The report also examines historical and current market sizes.

-During the forecast period, the report analyzes the growth rate, market size, and market valuation.

-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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