Press release
Patient Monitoring Device Market by Product Type (Blood Glucose Monitoring, Hemodynamic Monitoring, Neuromonitoring, Cardiac Monitoring, Fetal & Neonatal Monitoring, Respiratory Monitoring, Multi-parameter Monitoring, Remote Patient Monitoring, Weight Mon
Patient Monitoring Device Market size was valued at US$ 33.57 Bn in 2021 and the total revenue is expected to grow at 8.6 % through 2023 to 2032, reaching nearly US$ 64.96 Bn in the forecast period.Patient Monitoring Device Market Overview
A type of monitoring machine with a wireless future is a patient monitoring device or system. With the use of a digital device that enables wireless data transfer between locations, this technique entails keeping an eye on a patient's vital organs.
Global Patient Monitoring Device Market Dynamics:
The market is paying more attention to patient monitoring devices as a result of the rising demand for continuous monitoring devices and the lack of technical competence. Since the gadgets are digital, the monitor can easily retrieve the information. The market's most popular products are Accu-smart chek's implants, blood pressure monitors, temperature gauges, oxygen metres, and ECG machines. The market for patient monitoring devices is expanding because chronic diseases like obesity, diabetes, hypertension, and cardiovascular disorders are becoming more prevalent.
Additionally, the market is expanding due to consumer demand for sensor-based wearables like continuous glucose monitoring and ECGs. For the continuous monitoring of patients, these devices are frequently utilised in hospitals and healthcare facilities. For instance, the Garden Spot Communities introduced a remote patient monitoring system powered by Somatic AI during the COVID-19 epidemic to increase patient care and provide carer safety.
Patient Monitoring Device Overview
Medical gadgets known as patient monitoring devices are able to display or keep track of a patient's vital physiological functions. These gadgets keep track of information including pulses, blood pressure, body temperature, and pulse rate. Hospitals and clinics frequently employ these equipment.
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Market Segmentations:
Global Patient Monitoring Device Market: Major Players
Medtronic
Conmed
Abbott
Ge Healthcare
Omron
Edwards Lifesciences
Infinium Medical
Cas Medical Systems
Microlife
Nihon Kohden
A&D Company
Honeywell International
Cardionet
American Diagnostic Corporation
Philips Healthcare
Compumedics
Drager
Lifescan
Welch Allyn
Fisher & Paykel
Global Patient Monitoring Device Market: By Types
Vital Sign Monitors
Blood Pressure Monitor
Pulse Oximeters
Global Patient Monitoring Device Market: By Applications
Hospitals
Home
Global Patient Monitoring Device Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Patient Monitoring Device market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Market Synopsis
Global demand for patient monitoring devices is anticipated to be driven by rising rates of chronic diseases such heart conditions, type 1 diabetes, and rheumatoid arthritis among people of all ages, particularly the senior population.
However, it is anticipated that the market expansion will be hampered by the high cost of patient monitoring equipment and challenging government reimbursement rules.
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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Frequently Asked Questions
Q1. What is the size of the patient monitoring device market?
Q2. Which are the major companies in the patient monitoring device market?
Q3. Which region, among others, possesses greater investment opportunities in the near future?
Q4. What will be the growth rate of the Asia-Pacific patient monitoring device market?
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