Press release
Patient Monitoring Devices Market Size 2023: Enhancing the Quality of Care
Patient Monitoring Devices Market
Allied Market Research has published a study report with the title Patient Monitoring Devices Market Size is Projected to Garner USD 44.86 billion by 2027, registering a CAGR of 4.4% During Forecast Period.
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๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐จ๐ซ ๐๐๐ญ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ?
The market drivers for patient monitoring devices include:
โข Rising incidence of chronic diseases: With the increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory disorders, there is a growing need for continuous monitoring of patients' health. Patient monitoring devices provide real-time data, allowing healthcare professionals to monitor patients' conditions and adjust treatments as necessary.
โข Aging population: The world's population is aging, and the elderly are more susceptible to chronic diseases and require more frequent monitoring of their health. Patient monitoring devices help in monitoring the vital signs and other parameters in the elderly population and ensure timely interventions.
โข Technological advancements: Advancements in technology, such as wireless communication, remote monitoring, and wearable devices, have made patient monitoring more efficient and cost-effective. Patient monitoring devices are becoming more compact, portable, and user-friendly, making it easier for patients to monitor their health from home.
โข Growing demand for home healthcare: With the increasing demand for home healthcare, there is a need for devices that enable remote patient monitoring. Patient monitoring devices enable healthcare providers to monitor patients' conditions from remote locations, reducing the need for frequent hospital visits.
โข Increasing awareness and acceptance of telemedicine: Telemedicine has gained widespread acceptance due to the COVID-19 pandemic, which has limited face-to-face interactions. Patient monitoring devices play a crucial role in telemedicine by providing real-time data, enabling healthcare providers to monitor patients' conditions remotely.
๐๐จ๐ฉ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ญ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ:
โข Medtronic
โข GE Healthcare
โข Philips Healthcare
โข Boston Scientific Corporation
โข Abbott Laboratories
โข Siemens Healthineers
โข Nihon Kohden Corporation
โข Koninklijke Philips N.V.
โข Masimo Corporation
โข Hill-Rom Holdings, Inc.
๐๐๐ญ๐ข๐๐ง๐ญ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ง ๐๐ ๐๐จ๐ง๐ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐๐๐๐ญ๐จ๐ซ๐ฌ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ :
By Product Type
โข Vital signs monitors
โข Cardiac monitors
โข Respiratory monitors
โข Fetal and neonatal monitors
โข Hemodynamic monitors
โข Neurology monitors
โข Others
By End-User:
โข Hospitals
โข Clinics
โข Ambulatory surgery centers
โข Home care settings
โข Others
By Technology:
โข wired
โข wireless patient monitoring systems.
Based on geography, North America held the highest share in 2019, generating more than two-fifths of the global patient monitoring devices market. This is attributed to the huge availability of patient monitoring devices in this region. Simultaneously, the Asia-Pacific region would portray the fastest CAGR of 5.5% from 2019 to 2027. This is due to rise in the geriatric population and increase in the purchasing power of populous countries such as China and Japan.
Purchase the Report: https://www.alliedmarketresearch.com/purchase-enquiry/1663
Our Market Research Solution Provides You Answer to Below Mentioned Question:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
By Region Outlook
โข North America
(U.S., Canada, Mexico)
โข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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