Global Patient Monitoring Devices Market is projected to grow up to 5.7% CAGR during the forecasting period 2021-2027. Patient monitoring systems are used to keep track of a patient’s health, allowing physicians to keep an eye on their condition. The patient monitoring system keeps track of, measures, delivers, and displays biometric values such as pulse, oxygen saturation, blood pressure, and more. The market is rapidly expanding, and wireless patient monitoring devices, which are in high demand, are one of the factors contributing to this expansion. Wireless patient monitoring systems include devices that transmit a patient’s health data to other locations using wireless technology, as well as devices that track the patient’s vitals remotely.
Patient Monitoring Devices Market includes comprehensive primary research as well as objective qualitative and quantitative analysis by various industry analysts and key opinion leaders in order to obtain a better understanding of the market and industry results. The report depicts the current market scenario in detail, including historical and projected market size in terms of value and volume, technological advancements, macroeconomic factors, and market governing factors.
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Key Driving Factors: The industry revenue would be driven by rising demand for continuous patient monitoring products.
Many hospital patients have experienced complications and even died as a result of unnoticed respiratory depression after consuming opioids in recent years. The demand for continuous patient monitoring devices has risen as a result of this. Various advantages of continuous patient monitoring systems, such as lower ICU usage, shorter hospital stays, and a quick warning mechanism, would push the patient monitoring devices industry forward. The high cost of advanced patient monitors, on the other hand, may limit market growth.
In recent years, increasing healthcare costs, especially in hospital settings, have shifted attention to alternative treatment options such as home healthcare. As a result, demand for successful home-use devices like thermometers, pulse oximeters, weight scales, ECG monitors, event monitors, EEG recorders, and foetal monitors is increasing. The long-term viability of today’s healthcare system is a major problem for policymakers all over the world.
This report offers the major market player’s profiles, such as are Boston Scientific Corporation, Hill-Rom Holdings, Medtronic, Nihon Kohden, Natus Medical, Koninklijke Philips N.V., Edward Lifesciences, Omron, Masimo, GE Healthcare, Hill-Rom Holdings, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Schiller g, Drägerwerk Ag, Compumedics, BTL, Biotelemetry, and Abbott Laboratories.
Based on End User: The hospitals segment is expected to hold the majority of the market share by end user, and this position is expected to be retained during the forecast period. The home setting segment is projected to rise at the fastest rate, with a CAGR of 5.7 percent over the forecast period, due to increased understanding of the benefits of using remote patient monitoring.
The Global Patient Monitoring Devices Market report has been categorized as below
•Hemodynamic Monitoring Devices
•Electroencephalograph (EEG) Machines
•Electromyograph (EMG) Machines
•Electrophysiological (EP) Monitoring
•Intracranial Pressure Monitors
•Cardiac Monitoring Devices
•Implantable Loop Recorders
•Mobile Cardiac Telemetry Monitors
•Smart Wearable ECG Monitors
•Fetal & Neonatal Monitoring Devices
•Fetal Monitoring Devices
•Neonatal Monitoring Devices
•Respiratory Monitoring Devices
•Peak Flow Meters
•Multiparameter Monitoring Devices
•Low-Acuity Monitoring Devices
•Mid-Acuity Monitoring Devices
•High-Acuity Monitoring Devices
•Temperature Monitoring Devices
•Weight Monitoring Devices
•Rest of World
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