Press release
Global Patient Monitoring Device Market Research Report: Projected to Reach USD 63.56 Billion by 2030
Global Patient Monitoring Device Market
Maximize Market Research Pvt. Ltd., a prominent market research firm based in Pune, India, has released its latest market research report on the Patient Monitoring Device Market. The report reveals that the market size reached USD 45.13 Billion in 2023, with an expected revenue growth at a CAGR of 5.01% from 2024 to 2030, reaching nearly USD 63.56 Billion by 2030.
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-patient-monitoring-device-market/115462/
Vital signs monitoring devices, crucial in tracking medical parameters such as heart rate, blood pressure, oxygen saturation, and body temperature, form the foundation of the Patient Monitoring Device Market. This comprehensive report provides a detailed examination of key drivers, opportunities, and unique segmentation, backed by validated primary and secondary research methodologies, establishing the scope of the Global Patient Monitoring Device Market.
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What are Global Patient Monitoring Device Market Dynamics?
The growing demand for continuous monitoring devices and the convenience they offer, especially for individuals with no technical expertise, has catapulted patient monitoring devices into the spotlight. Digital devices, such as Accu-chek for glucometer tests, ECG, oximeters, temperature monitors, blood pressure monitors, and smart implants, are gaining traction in the market. The market is witnessing a surge in demand due to the increasing prevalence of chronic diseases like Obesity, Diabetes, Hypertension, and Cardiovascular Diseases. Technological advancements and investments in product portfolios are further driving market growth, with notable examples including the launch of new products like the Accu-check Active blood glucose meter for personalized diabetes coaching. Additionally, government approvals and incentives, such as the authorization for clearance of the FreeStyle Libre 2 integrated Continuous Glucose Monitoring device, are propelling market growth.
The Patient Monitoring Device Market is on the verge of expansion, fueled by technological breakthroughs, including AI-driven analytics, remote monitoring capabilities, and mobile application integration. Wearable patient monitoring devices, such as smartwatches and fitness trackers, are witnessing increased adoption, providing real-time health data and contributing to the growth of the market. The shift towards home-based healthcare solutions, driven by an aging population, cost-effectiveness, and the convenience of remote patient monitoring, is creating opportunities for manufacturers to meet the demand for home healthcare solutions. The integration of Internet of Things (IoT) technologies within patient monitoring devices is a substantial opportunity, facilitating seamless connectivity and enhancing overall healthcare outcomes. The escalating adoption of telehealth services and remote patient monitoring is a prominent trend, offering new avenues for market growth.
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What is Global Patient Monitoring Device Market Regional Insight?
North America emerges as the dominant force in the global Patient Monitoring Device market, commanding 40.9% of the market share. The region's growth is propelled by domestic manufacturers, contributing significantly to Patient Monitoring Device Market regional growth in the US. The Asia Pacific region is poised for rapid growth during the forecast period, driven by the surge in diabetes and cardiac illness patients. Key players in India, China, Japan, and Indonesia are contributing to the robust market growth in the region. Europe represents a significant market segment, experiencing notable traction in the market due to technological advancements and the increasing prevalence of chronic diseases.
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What is Global Patient Monitoring Device Market Segmentation?
by Product
EEG
MEG
TCD
Pulse Oximeter
Spirometer
Fetal Monitor
Temperature Monitoring
MCOT
ECG
ICP
ILRs
Blood Glucose Monitoring
Blood Pressure Monitor
by Application
Hospitals
ASCs
Home care setting
Other
Purchase Report : https://www.maximizemarketresearch.com/market-report/global-patient-monitoring-device-market/115462/
Who are Global Patient Monitoring Device Market Key Players?
1. OMRON Corporation (Japan)
2. Compumedics Limited (Australia)
North America:
1. Abbott Laboratories (US)
2. HILL-ROM HOLDINGS, INC. (US)
3. Edwards Lifesciences Corporation (US)
4. OMRON Corporation (Japan) - *Global Presence*
5. Masimo Corporation (US)
6. Natus Medical (US)
7. Medtronic plc (Ireland)
8. GE Healthcare (US)
9. Boston Scientific Corporation (US)
10. Dexcom, Inc. (US)
11. Nonin (US)
12. BioTelemetry, Inc. (US)
Europe:
1. Drägerwerk AG & Co. KGaA (Germany)
2. Compumedics Limited (Australia) - *Global Presence*
3. Koninklijke Philips N.V. (Netherlands)
4. Getinge AB (Sweden)
5. BIOTRONIK (Germany)
6. SCHILLER (Switzerland)
Table of content for the Global Patient Monitoring Device Market includes:
Global Patient Monitoring Device Market: Research Methodology
Global Patient Monitoring Device Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Patient Monitoring Device Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Contact Maximize Market Research:
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Pune, Maharashtra 411041, India.
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🌐 www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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