Patient Monitoring Devices Market 2023

Patient Monitoring Devices Market 2023

Patient monitoring devices are medical devices that are used to monitor the health status of patients in a hospital, clinic, or home setting. These devices are designed to measure and record physiological data such as heart rate, blood pressure, oxygen saturation, respiratory rate, and temperature. Allied Market Research has published a study report with the title Patient Monitoring Devices Market Size is Anticipated to Garner USD 44.86 billion by 2027, registering a CAGR of 4.4% from During Period.

Rise in prevalence of lifestyle diseases, increase in the geriatric population, and surge in the adoption rate of remote patient monitoring devices fuel the growth of the global patient monitoring devices market. On the other hand, several government regulations & reimbursement issues, high costs associated with the devices, and limited awareness of the technology impede the growth to some extent. However, high-end technological advancements are expected to create lucrative opportunities in the industry.

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There are many different types of patient monitoring devices, each designed to measure and record different physiological data. Here are some examples:

• Electrocardiogram (ECG) monitors: These devices measure the electrical activity of the heart and are used to detect irregular heartbeats or other cardiac abnormalities.
• Pulse oximeters: These devices measure the oxygen saturation level in the blood and can detect hypoxia or low oxygen levels.
• Blood pressure monitors: These devices measure the force of blood against the walls of the arteries and can detect high blood pressure or hypertension.
• Temperature monitors: These devices measure the patient’s body temperature and can detect fever or hypothermia.
• Respiratory monitors: These devices measure the patient’s breathing rate, depth, and rhythm and can detect respiratory distress or failure.
• Glucose monitors: These devices measure the patient’s blood glucose level and are used to monitor diabetes.
• Fetal monitors: These devices are used to monitor the fetal heart rate and uterine contractions during pregnancy and labor.
• EEG monitors: These devices measure the electrical activity in the brain and are used to diagnose and monitor seizure disorders, sleep disorders, and other neurological conditions.

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• Biotronik
• F. Hoffmann-La Roche Ltd.
• Omron Healthcare Co. Ltd.
• GE Healthcare Ltd.
• Medtronic, Inc.
• Masimo Corporation
• Koninklijke Philips N.V.
• Abbott Laboratories
• Nihon Kohden Corporation
• Johnson & Johnson

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Based on imaging technique, the cardiac monitoring devices segment contributed to more than one-fourth of the global patient monitoring devices market revenue in 2019 and is expected to rule the roost by the end of 2027. Rise in prevalence of cardiovascular diseases fuel the segment growth. The remote patient monitoring devices segment, on the other hand, would register the fastest CAGR of 6.3% throughout the forecast period, owing to the surge in demand for remote patient monitoring devices during the COVID-19 pandemic.

Based on end-user, the hospitals segment accounted for around half of the global patient monitoring devices market share in 2019 and is anticipated to rule the roost till 2027, owing to significant usage of patient monitoring devices in the hospitals for monitoring patients of different disorders. At the same time, the home setting segment, would grow at the fastest CAGR of 5.0% during the study period.

Based on geography, North America held the highest share in 2019, generating more than two-fifths of the global patient monitoring devices market. This is attributed to the huge availability of patient monitoring devices in this region. Simultaneously, the Asia-Pacific region would portray the fastest CAGR of 5.5% from 2019 to 2027. This is due to rise in the geriatric population and increase in the purchasing power of populous countries such as China and Japan.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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David Correa
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

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