Patient Monitoring Devices Market Trends, Opportunities, Growth, Revenue, Industry Overview, Manufacturers, Regions, Application by 2024-2032

The patient monitoring devices market size is projected to be valued at USD 38.7 billion in 2021 and is expected to rise to USD 73.4 billion by 2030. The market is expected to register a CAGR of 7.4% during the forecast period from 2022 to 2030. Various factors propelling the demand for patient monitoring devices include:

The market is predicted to grow due to the increasing frequency of cardiovascular disease worldwide, where patients require regular monitoring.
The development of technologically complex equipment, such as ventilators, nebulizers, oxygen monitors, and others, is likely to drive market growth because it provides comfort to patients.
Platforms for telehealth and improved patient monitoring will be easier to develop as advancements and the increasing possibility of wireless data transmission networks drive the targeted market.

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What Are Patient Monitoring Devices?

Patient monitoring devices are used to keep an eye on a patient's functional signs and any associated issues. With the use of such instruments, it is crucial to monitor temperature, blood pressure, oxygen permeation, consciousness level, discomfort, pulse, respiration rate, and urine output. These devices accurately compile and consistently display the physiological data of patients with a variety of conditions, including diabetes and cardiovascular diseases, enabling doctors to make precise and timely decisions.

Top Companies:

The industry is marked by fierce competition, and the leading companies rely on cutting-edge technology, superior goods, and a strong brand identity to boost sales. Some of the leading companies in the patient monitoring devices market are:

American Telecare
Biotelemetry Inc
BIOTRONIK
Bosch
Boston Scientific Corporation
Compumedics Limited Electronics Co. Ltd
Covidien Plc.
Edwards Lifesciences Corporation
Health anywhere Inc.
Honeywell
Intel
Johnson & Johnson
Masimo Corporation
Natus Medical Medtronic plc
OMRON Corporation
Philips Healthcare
Roche
SCHILLER
Shenzhen Mindray Bio-Medical
Welch Allyn

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Regional Landscape:

North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel

Segmental Breakdown:

The patient monitoring devices market is mainly segmented based on product, end-use, and region. Based on the product research, due to benefits like cheap cost, battery power, and highly integrated silicon systems that incorporate multiple parameters into a low-cost, low-power integrated solution, multiparameter monitoring devices accounted for the largest portion of the market.

Furthermore, the end-use analysis indicates that multiparameter monitoring devices accounted for the largest portion of the market because of their many integrated, battery-powered, and low-cost silicon systems that integrate many parameters into a single, low-cost, low-power solution.

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Patient Monitoring Devices Market Report Highlights

Multi-parameter monitoring devices acquired the most significant market revenue in 2021 due to the increasing adoption of low-acuity monitoring devices to improve care in general wards.
The hospital segment accounted for the most considerable market share in 2021 due to the large patient population especially in emerging economies, particularly in emerging countries, favoring hospitals, the rising volume of procedures in hospital settings, and the growing emphasis on accurate and early disease diagnosis in hospitals.
North America dominated the regional market due to the growing number of FDA approvals for patient monitoring devices and growing public-private funding for research in emerging economies such as the US and Canada.

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