The UAE patient monitoring equipment market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising geriatric population. Moreover, growing preference for home or remote monitoring equipment owing to ease of use and portability.
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A wide variety of sensors are used in the devices to monitor the patient vitals such as heart rate, body temperature, ECG, Respiration, non-invasive blood pressure, and oxygen saturation. The deployment of wireless health monitoring equipment removes the geographical barriers for industry players.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising prevalence of chronic disorders is a major driver that is contributing to the growth of the UAE Patient Monitoring Equipment market.
- Growing requirement of solutions to reduce the unnecessary visits to the doctor’s office is expected to augment the market growth.
- Lack of awareness about the patient monitoring equipment can restrain the growth of the market.
- Increasing awareness among population regarding the adoption of monitoring devices can stimulate the growth of the market.
UAE Patient Monitoring Equipment Market Segment Insights:
Hemodynamic monitoring devices segment to grow at a rapid pace
Based on type of devices, the market is divided into hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, multi-parameter monitors, respiratory monitoring devices, remote patient monitoring devices, others. The hemodynamic monitoring devices segment is anticipated to account for a key market share and is anticipated to grow at a rapid pace during the forecast period. Increasing technological advancements in development of hemodynamic monitoring devices is driving the market segment. However, the cardiac monitoring devices segment is expected to grow at a steady rate in the projected timeline.
Cardiology segment to account a major market share
Based on applications, the market is divided into cardiology, neurology, respiratory, fetal and neonatal, weight management and fitness monitoring, and others. The cardiology segment is anticipated to account for a major share due to rising patients dealing with heart problems, which requires frequent and accurate monitoring equipment.
Hospitals and clinics to account a considerable market share
Based on end-users, the market is segregated into home healthcare, hospitals and clinics, and others. The hospitals and clinics segment to account for a considerable market share owing to increasing implementation of patient monitoring technologies to provide high-quality patient care and save time and money. Conversely, the home healthcare segment is expected to boost the market owing to increasing trend of telehealth services and growing requirement of solutions that can reduce travel-related expenses.
Compititive Landscape
The major players of the market are Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation, Becton, Dickinson and Company, General Electric Company (GE Healthcare), Johnson & Johnson, Medtronic Care Management Services LLC, Omron Corporation, and Koninklijke Philips NV.
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Data Bridge Market research released a new market study on Patient Monitoring Device/System/Equipment with 100+ market data Tables, Pie Chart, Graphs & Figures spread through Pages and easy to understand detailed analysis In Patient Monitoring Device/System/Equipment research report also directs the manufacturer about planning of advertising and sales promotion efforts and makes it more effective.
The report consists of all the detailed profiles for the Patient Monitoring Device/System/Equipment major manufacturers and importers who are influencing the market.
Patient Monitoring Device/System/Equipment Market survey provides key information about the industry such as helpful and important facts and figures, expert opinions, and the latest developments across the globe.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Patient Monitoring devices continue their upward trend due to the rising preference of home cares, and remote monitoring.
This trend will help establish the global patient monitoring device/system/equipment market with a CAGR of 6.5% in the forecast period of 2018-2027Fill Out Details to Receive Sample Report Copy Here @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-patient-monitoring-device-marketMarket Definition: Global Patient Monitoring Device/System/Equipment MarketPatient monitoring device/system/equipment are those devices that are used to monitor or diagnose the patient’s conditions and symptoms wirelessly or wired.
These devices help monitor the condition remotely and help in keeping the patients status monitored continuouslyGlobal Patient Monitoring Device/System/Equipment Market Scope and Market SizePatient monitoring device/system/equipment market is segmented of the basis of product, type, process, deployment type and end use.
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The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
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