The Patient Monitoring Device is one such smart wearable device which enables monitoring of patients outside conventional settings. As per the report that has been published by Market research Future (MRFR), the Global Patient Monitoring Devices Market is anticipated to expand significantly in the coming years.
Patient Monitoring Devices Market – Drivers and Restraints
The inclination towards leading a healthy lifestyle and increasing geriatric population are acting as some of the major drivers for the growth of the global patient monitoring devices market. The rise in adoption of wearable monitoring devices by the patients suffering from various disorders such as cardiovascular diseases, cancer, sleep disorder, diabetes and others is propelling the expansion of the global patient monitoring devices market.
Increasing prevalence of chronic diseases due to changing lifestyle and requirement for efficient patient monitoring systems are some of the other vital factors that are fueling the growth of the global patient monitoring devices market. However, low penetration of advanced technology and lack of primary healthcare services in underdeveloped regions are likely to act as restraints on the growth of the global patient monitoring devices market in the coming years.
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Patient Monitoring Device Market – Prominent 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
Industry News:
In 2019
Omron Healthcare, a global giant in personal heart health and wellness technology, launched their new HeartGuide, the first wearable blood pressure monitor. It has been given the shape of a wristwatch for better user experience.
In July 2018
Snap40, a Scottish startup, has launched an AI-enabled wearable monitoring device to help health professionals to monitor patients remotely or in the hospital.
Patient Monitoring Devices Market – Segmentation
Patient Monitoring Devices Market has been segmented on the basis of product type which comprises of Central monitoring stations, Portable bedside monitors, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Fetal and neonatal monitors, Respiratory Monitors, Weight management monitors, Temperature monitoring devices, and others. On the basis of end user, the market is segmented into Hospitals and clinics, Ambulatory care centers, Home care and others.
Patient Monitoring Devices Market – Regional Analysis
Depending on geographic region, Patient Monitoring Devices Market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America comprise largest market share in global Patient monitoring devices market. Moreover, the European market is also growing continuously. On the other hand, Asia-Pacific market is expected to grow at the fastest pace and rapidly in the Patient monitoring devices Market segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.
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