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Patient Monitoring Devices Global Market is Expected to Grow $40.65 Billion at a CAGR of 9.0% By 2028 | Key Players: Cardinal Health Inc., Masimo Corporation, Medtronic PLC, Edwards Lifesciences Crop., Flex Ltd.
Patient Monitoring Devices Market
The Business Research Company's Patient Monitoring Devices Global Market Report 2023 identifies the increasing prevalence of chronic diseases is expected to propel the growth of the patient monitoring device market. Chronic conditions are long-lasting health conditions that usually cannot be cured but can be controlled.
The patient monitoring devices market size has grown strongly in recent years. It will grow from $26.24 billion in 2023 to $28.77 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to aging population, regulatory compliance, chronic disease management, healthcare reimbursement, hospital-at-home trend. The patient monitoring devices market size is expected to see strong growth in the next few years. It will grow to $40.65 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Major companies operating in the patient monitoring devices market include General Electric Company, Koninklijke Philips NV, Dragerwerk AG & Co KGaA, Cardinal Health Inc., Masimo Corporation, Medtronic PLC, Edwards Lifesciences Crop., Flex Ltd., Nihon Kohden Corporation, Abbott Laboratories, Johnson & Johnson, Siemens Healthineers AG, Becton, Dickinson and Company, Cardinal Health Inc., Baxter International Inc., Boston Scientific Corporation, Danaher Corporation, 3M Company, Hill-Rom Holdings Inc., Terumo Corporation, Smith & Nephew PLC, B. Braun Melsungen AG, ResMed Inc., Dexcom Inc., Fresenius Medical Care AG & Co. KGaA, Getinge, Mindray Medical International Limited, Nihon Kohden Corporation, Spacelabs Healthcare LLC, Nonin Medical Inc., OSI Systems Inc., Schiller AG, Welch Allyn Inc., OMRON Healthcare Co. Ltd.
Awareness of diseases is low in many countries across the globe, and this affected the demand for patient monitoring devices in the historic period.
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The Patient Monitoring Devices market is segmented -
1) By Type: Fetal And Neonatal Monitoring Devices, Weight Monitoring And Body Temperature Monitoring Devices And Equipment, Vital Parameter Monitoring Devices And Equipment, Remote Patient Monitoring Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Patient Monitoring Devices market.
The Business Research Company's "Global Patient Monitoring Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Patient Monitoring Devices Market Include:
1. Executive Summary
2. Patient Monitoring Devices Market Characteristics
3. Patient Monitoring Devices Product/Service Analysis -Product/Service Examples
4. Patient Monitoring Devices Market Trends And Strategies
5. Patient Monitoring Devices Market - Macro Economic Scenario
……
68. Global Patient Monitoring Devices Market Competitive Benchmarking
69. Global Patient Monitoring Devices Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Patient Monitoring Devices Market
71. Patient Monitoring Devices Market Future Outlook and Potential Analysis
72. Appendix
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