Patient Monitoring Devices Market
Patient monitoring devices market has various functions such as glucose
monitoring, blood monitoring, temperature monitoring, cholesterol monitoring,
weight monitoring etc. Electrocardiography is fastest growing sub-segment, it
is largest in cardiac monitoring market and fastest growing in neurological
device. Electrocardiography is the process that checks for problems with the
electrical activity of your heart. Electrocardiography is very helpful to
diagnose unexplained chest pain or pressure, cause of symptoms of heart
disease, to check how well medicines are working and see if they are causing side
effects that affect the heart. Increase in consumer awareness is driving the
market growth which expected to grow in same pace in near future. Patient
monitoring devices manufacturers trying to make more advance, accurate and
innovative device to provide desirable solution.
The global Patient
monitoring devices market has been evaluated as steadily
growing market and it is expected that the market will continue to grow
similarly in the near future. These monitoring devices continuously check
patient’s vital signs by using a medical monitor.
The patient
monitoring devices market is anticipated to reach USD 3,850 Million by 2030 at
14.40% CAGR during the forecast period 2022-2030.
Global Patient monitoring devices market is segment into two major
segments and its sub-segments such as based on type, based on product type and
based on end user. North America is the largest market for patient
monitoring devices while Asia-Pacific region is fastest growing. Europe is
second largest market for patient monitoring device and expected to grow
steadily during forecasting period.
Major Key
Players:
The Some of the Patient Monitoring Devices Market Players are GE Healthcare, Roche
Diagnostics, BIOTRONIK SE & Co. KG, Abbott Laboratories, Siemens
Healthcare, Philips Healthcare, CAS Medical Systems, Inc., Spacelabs
Healthcare, Honeywell International, Inc., Shenzhen Mindray Bio-Medical
Electronics Co.
Segment Analysis
The global
patient monitoring devices market is segmented on the basis of product type,
end use, and region.
The global
patient monitoring devices market is segmented on the basis of product type
into wireless patient monitoring system, central monitoring stations,
electrocardiogram devices, fetal and neonatal monitors, weight management
monitors, temperature monitoring devices, respiratory monitors, hemodynamic
monitoring devices, and portable bedside monitors.
By end user, the
global patient monitoring devices market is segmented into hospitals and
clinics, home care, ambulatory care centers, and others.
Regional Analysis
The global patient monitoring devices market is segmented into North
America, Europe, Asia Pacific, and rest of the world.
North America is likely to dominate the global patient monitoring
devices market over the forecast period due to the widespread incorporation of
modern patient monitoring devices in the healthcare sector and increasing
investment in the healthcare sector for the purpose of making it
technologically refined and superior. The growing interest among consumers in
exercising has also led to a growing demand for wearable patient monitoring
devices, which is likely to drive the patient monitoring devices market over
the forecast period. The growing fitness-conscious demographic is likely to
remain a major driver for the patient monitoring devices market in North
America over the forecast period.
Europe is also likely to hold a major share in the global patient
monitoring devices market over the forecast period due to the growing
popularity of wearable fitness monitors and the growing investment in the
healthcare sector.
Asia Pacific is expected to exhibit the fastest growth in the global
patient monitoring devices market over the forecast period due to the growing
demand for patient monitoring devices in emerging regions such as China, Japan,
and Korea.
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