As per Business Intelligence Insights (BII) study, the global Patient Monitoring Devices Market attained revenue growth of USD 37.10 billion in 2021 and it is projected to reach around USD 70.73 billion by 2030, growing at a 8.40% CAGR.

Patient monitoring systems measure, record, disseminate, and display biometric values such as heart rate, blood oxygen saturation levels (SPO2), blood pressure, and temperature. They're used to maintain track of patients on a regular basis, which can help avoid serious issues. The main purpose of these monitors is to alert critically ill patients when they are deteriorating rapidly or severely. Bedside monitors and remote monitoring are the two types of monitors available. Monitors are now available in a wearable version that enables for real-time monitoring thanks to technological advancements. According to the IHS, more than four million people will be able to check their health conditions remotely by 2020. (Information Handling Services).

The industry is being propelled forward by the growing elderly population and the implementation of remote patient monitoring systems. Furthermore, the increased prevalence of patients with diabetes, cancer, and atherosclerosis contributes to the market's positive growth. Collaborations between businesses, hospitals, and academic institutions are also anticipated to result in the release of new goods, helping to boost market revenue and growth. However, commercial expansion is hampered by the expensive cost of this technology and a lack of patient knowledge. Furthermore, government regulations and payment challenges may suffocate the patient monitoring equipment market.

Patient Monitoring Devices Market: Companies Mentioned

•    Abbott Laboratories (US)
•    Hill-Rom Holdings, Inc. (US)
•    Drägerwerk AG & Co. KGaA (Germany)
•    Edwards Lifesciences Corporation (US)
•    OMRON Corporation (Japan)
•    Masimo Corporation (US)
•    Compumedics Limited (Australia)
•    Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
•    Nihon Kohden Corporation (Japan)
•    Natus Medical (US)
•    Medtronic plc (Ireland)
•    Koninklijke Philips N.V. (Netherlands)
•    GE Healthcare (US)
•    Getinge AB (Sweden)
•    Boston Scientific Corporation (US)
•    Dexcom, Inc. (US)
•    Nonin (US)
•    BIOTRONIK (Germany)
•    SCHILLER (Switzerland)
•    BioTelemetry, Inc. (US) 

Key Highlights of the Report

•    According to the WHO, cardiovascular diseases (CVDs) are the leading cause of mortality worldwide, with nearly 30.0 million people suffering a stroke or heart attack each year. As the prevalence of heart disease rises, demand for cardiac monitoring system devices rises, prompting major market participants to release new products to meet the need. In January 2020, Medtronic received FDA approval for Micra AV, the world's smallest pacemaker with atrioventricular synchronisation.

•    A significant share of the market is predicted to be accounted for by hospitals' increased emphasis on effective and early disease diagnosis, as well as the growing procedural volume in hospital settings. According to the American Heart Association (AHA), more than 209,000 people died in hospitals in the United States in 2016, with the number expected to climb to nearly 23.6 million by 2030. The large target patient population base (especially in emerging countries) prefers hospitals, the growing procedural volume in hospital settings, the growing emphasis on effective and early disease diagnosis in hospital settings, and hospitals' high budget for introducing various technologically advanced patient monitoring device products all contribute to this segment's large share.

•    Some of the factors driving the market in the region include the increased prevalence of chronic diseases, the presence of modern technology, and demand for wireless and portable systems aimed at lowering out-of-pocket expenditures. Major companies in the market, such as Edward Lifesciences, GE Healthcare, Masimo Corporation, and Natus Medial, are investing in research and development for more advanced patient monitoring device facilities, which will boost the market in the coming years. Increased R&D to develop novel sensor-based patient monitoring systems, rising prevalence of infectious diseases, safety concerns, and technological improvements in patient monitoring device goods are the primary drivers driving market expansion in North America. Others have focused their efforts on expanding their reach and capabilities.

•    The report contains qualitative and quantitative research on the global Patient Monitoring Devices Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

By Product
•    Blood Glucose Monitoring Systems
•    Cardiac Monitoring Devices
•    Respiratory Monitoring Devices
•    Temperature Monitoring Devices
•    Hemodynamic/Pressure Monitoring Devices
•    Fetal & Neonatal Monitoring Devices
•    Neuromonitoring Devices
•    Weight Monitoring Devices
•    Others

By End User
•    Hospitals
•    Ambulatory Surgery Centers
•    Home Care Settings
•    Other End Users

By Region
•    North America
o    U.S.
o    Canada
•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Patient Monitoring Devices market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?
 

The Patient Monitoring Devices Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Patient Monitoring Devices Market Forecast Report 2022- 2030 - Order Now!

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