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Digital Patient Monitoring Devices Market worth $498.68 billion by 2030, growing at a CAGR of 25.19% - Exclusive Report by 360iResearch
Digital Patient Monitoring Devices Market | 360iResearch
The Global Digital Patient Monitoring Devices Market to grow from USD 103.46 billion in 2023 to USD 498.68 billion by 2030, at a CAGR of 25.19%.
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The digital patient monitoring devices market comprises firms and solutions dedicated to the remote and continuous monitoring of patients' health metrics outside of conventional clinical settings. This market includes devices and software that track important signs, physical activity, and other health-related data, enabling healthcare services to make informed decisions and deliver proactive care. Digital patient monitoring devices embrace advancements in wireless technology and telehealth, thus expanding capabilities for chronic disease management, post-operative care, and preventive healthcare. Factors positively influencing the adoption of digital patient monitoring devices include the aging global population, the prevalence of chronic diseases, the expansion of healthcare infrastructure, and the rise in health awareness. Technological advancements such as AI, big data analytics, and the Internet of Things (IoT) are equally crucial in the expansion of this market. Challenges affecting the market growth include concerns over data privacy and security, the high cost of devices and their maintenance, and the need for continuous technological upgrades. Regulatory compliance and the standardization of devices are additional hurdles that manufacturers face. The latest opportunities in the market pertain to the integration of artificial intelligence for predictive analytics, adoption of cloud-based platforms for data storage and retrieval, and the development of advanced software solutions for better interoperability. Partnerships with healthcare providers and insurers to offer personalized, data-driven health plans represent a strategic opportunity for growth.
Market Segmentation & Coverage:
This research report categorizes the Digital Patient Monitoring Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Ambulatory Patient Monitoring, Hospital Inpatient Monitoring, mHealth, Remote Patient Monitoring, Telehealth, Wearable Devices, and Wireless Sensor Technology. The Telehealth is projected to witness significant market share during forecast period.
Based on Product, market is studied across Diagnostic Monitoring Devices and Therapeutic Monitoring Devices. The Diagnostic Monitoring Devices is further studied across Body Temperature Monitors, Fetal Monitors, Neuromonitors, Sleep Monitors, Vital Sign Monitors, and Weight Monitors. The Therapeutic Monitoring Devices is further studied across Insulin Monitors and Respiratory Monitors. The Diagnostic Monitoring Devices is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Ambulatory Surgery Centers, Home Care Settings, and Hospitals. The Ambulatory Surgery Centers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.03% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Digital Patient Monitoring Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Digital Patient Monitoring Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Digital Patient Monitoring Devices Market, highlighting leading vendors and their innovative profiles. These include Airstrip Technologies Inc., AMD Global Telemedicine Inc., AT&T Inc., Cloud DX Inc, F. Hoffmann-La Roche AG, Fitbit Inc., Garmin Ltd., GE Healthcare Inc., Hill-Rom Holdings, Inc., Honeywell International Inc., Koninklijke Philips N.V., Medtronic PLC, Omron Corporation, ResMed Inc., Smiths Medical MD, Inc., and VitalConnect Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digital Patient Monitoring Devices Market, by Type
7. Digital Patient Monitoring Devices Market, by Product
8. Digital Patient Monitoring Devices Market, by End-User
9. Americas Digital Patient Monitoring Devices Market
10. Asia-Pacific Digital Patient Monitoring Devices Market
11. Europe, Middle East & Africa Digital Patient Monitoring Devices Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Digital Patient Monitoring Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Digital Patient Monitoring Devices Market?
3. What is the competitive strategic window for opportunities in the Digital Patient Monitoring Devices Market?
4. What are the technology trends and regulatory frameworks in the Digital Patient Monitoring Devices Market?
5. What is the market share of the leading vendors in the Digital Patient Monitoring Devices Market?
6. What modes and strategic moves are considered suitable for entering the Digital Patient Monitoring Devices Market?
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