Patient Monitoring Devices Market Report Analysis 2024: Size, Share, Sales, Growth And Forecast To 2033

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%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, artificial intelligence (AI) integration, personalized and connected healthcare, emerging markets growth, value-based care. Major trends in the forecast period include wearable health monitors, remote vital signs monitoring, mobile health apps, predictive analytics, home health monitoring kits.

Market Overview -
Patient monitoring devices are machines that are used to constantly monitor patients through various vital signs and warning systems to detect and record changes in patient health conditions.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=3618&type=smp

Rising Chronic Disease Prevalence Drives Surge In Patient Monitoring Devices Market
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. Chronic illnesses are enduring conditions that are typically not curable but manageable, and the management of these conditions is significantly aided by patient monitoring devices. For instance, in January 2023, according to a report published by the National Library of Medicine, a US-based agency, the number of individuals aged 50 years and older with one or more chronic illnesses is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Therefore, the increasing prevalence of chronic diseases is expected to propel the growth of the patient monitoring device market.

Competitive Landscape -
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.

Innovative Lorawan-Powered Remote Patient Monitoring Devices Revolutionize Healthcare Access Worldwide
Major companies operating in the patient monitoring devices market are focused on developing innovaties technologies, such as remote patient monitoring (RPM) hardware powered by LoRaWAN technology, to increase their profitability in the market. LoRaWAN is a wireless communication protocol built on top of the LoRa radio modulation technique. For instance, in January 2023, Senet, a US-based provider of cloud-based software and services platforms and Telli Health, a US-based provider of medical remote patient monitoring devices, launched the first remote patient monitoring (RPM) hardware powered by LoRaWAN technology. This technology will enable healthcare providers to extend their services to a greater number of patients living in distant and underserved regions, including indigenous communities around the world. This will enhance healthcare equity and inclusivity. The RPM device can be connected to a dedicated private LoRaWAN network, which can offer an approximate coverage range of 10 miles and requires only a simple dial-up modem for transmitting health readings.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/patient-monitoring-devices-global-market-report

Key Segments -
The patient monitoring devices market covered in this report 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

Subsegments Covered: Fetal Monitoring Devices, Neonatal Monitoring Devices, Temperature Monitoring Devices, Weight Monitoring Devices, Cardiac Monitoring Devices, Neuromonitoring Devices, Respiratory Monitoring Devices, Hemodynamic Monitoring Devices, Multiparameter Monitoring Devices, Cardiac Monitors, Respiratory Monitors, Hematological Monitors, Vital Parameter Monitors And Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.