Global Patient Monitoring Devices Market – Drivers, Opportunities and Forecast Analysis to 2027
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.
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. Global Patient monitoring devices market is expected to grow at a CAGR of 5.7%. 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:
There are plenty of large and small market players which operate in this market all over the globe. 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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