Patient Monitoring Devices Industry | Forecast 2030
Patient Monitoring Devices Industry Data Book - Remote Patient Monitoring, Vital Sign Monitoring Devices, Blood Pressure Monitoring Devices and Multiparameter Patient Monitoring System Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030
The global remote patient monitoring devices market size was estimated at USD 4.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2030.
Access the Global Patient Monitoring Devices Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies.
Blood Pressure Monitoring Devices Market Growth & Trends
The global blood pressure monitoring devices market size is expected to reach USD 7.96 billion by 2030, registering a CAGR of 9.4%, according to a new report by Grand View Research, Inc. The growing global geriatric population base is expected to widen the consumer base by triggering incidence rates of hypertension, which is expected to drive the demand for blood pressure monitoring devices. The increasing incidences of hypertension have led to rising demand for cost-effective, rapid, and accurate diagnostic solutions. Blood pressure monitors are one of the vital sign monitors of life. The cost-effective and accurate results offered by these indicators are responsible for the rapid expansion of business scale.
In addition, new product launches, coupled with the rising adoption of technologically advanced products due to the high penetration of health insurance, are considered other factors fueling the demand for blood pressure (BP) monitoring devices. The increasing popularity of mHealth platforms in the healthcare sector is propelling the industry's growth. Rising patient awareness levels about the advantages associated with portable monitoring devices are expected to positively reinforce market growth.
Multiparameter Patient Monitoring System Market Growth & Trends
The global multiparameter patient monitoring system market size is expected to reach USD 18.0 billion by 2030, registering a CAGR of 5.7% during the forecast period, according to a new report by Grand View Research, Inc. Increasing health concerns and the resultant requirement to constantly monitor the health parameters of patients, before and after surgery is creating demand for multiparameter patient monitoring systems.
The market growth is also supported by the increasing need for hospital transport, such as intra-hospital or out-of-the-hospital transport. For special examination & therapy, hospitals need intra-hospital transport, which calls for more continuous monitoring of vital signs including blood pressure, blood oxygen saturation by pulse oximetry, heart rate, and electrocardiography.
Healthcare providers are continually looking for innovative medical products to offer superior quality care, which is also expected to drive the market. Mobile solutions and data integration low-acuity monitoring are the significant trends that improve the cost efficiency of multiparameter patient monitoring solutions. Key players are introducing advanced patient monitoring products, such as integrated remote monitoring solutions with added features of greater connectivity through cloud technology and WiFi.
For instance, Radius-7 Pulse Co-Oximeters by Masimo Corp. got U.S. FDA approval in March 2020. It is a wearable patient monitor with flexible functionality of WiFi, Bluetooth, and alarms.
Order your copy of the Free Sample of “Patient Monitoring Devices Industry Data Book - Remote Patient Monitoring, Vital Sign Monitoring Devices, Blood Pressure Monitoring Devices and Multiparameter Patient Monitoring System Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research
Competitive Landscape
Key players operating in the patient monitoring devices industry are –
- Koninklijke Philips N.V.
- GENERAL ELECTRIC COMPANY
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Drägerwerk AG & Co. KGaA
- MEDTRONIC PLC
- Smiths Medical S
- CHILLER MASIMO CORPORATION
Grand View Research’s patient monitoring devices Industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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The Business Research Company’s latest report Patient Monitoring Devices Global Market Report 2020 covers Patient Monitoring Devices market drivers, Patient Monitoring Devices market trends, Patient Monitoring Devices market segments, Patient Monitoring Devices market growth rate, Patient Monitoring Devices market major players, and Patient Monitoring Devices market size.
The report provides in-depth analysis of the impact of COVID-19 on the Patient Monitoring Devices industry, along with revised market numbers due to the effects of the coronavirus.View Complete Report: https://www.thebusinessresearchcompany.com/report/patient-monitoring-devices-global-market-report-2020-30-covid-19-implications-and-growthPatient Monitoring Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now: https://www.thebusinessresearchcompany.com/sample.aspx?id=3148=smpThe global patient monitoring devices market is expected to grow from $13.8 billion in 2019 to $14.8 billion in 2020 at a compound annual growth rate (CAGR) of 7.4%.
The growth can be contributed to the expanded use of certain remote monitoring devices such as temperature monitoring devices for patient monitoring during the COVID-19 pandemic.
FDA has given clearance to some of the noninvasive remote monitoring devices (including body temperature monitors, continuous glucose monitors) that are used to support patient monitoring, considering public health emergency, without prior submission of a premarket notification.
The Business Research Company published its Patient Monitoring Devices Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global patient monitoring devices market.
The report covers the patient monitoring devices market’s segments- by type: fetal and neonatal monitoring devices; weight monitoring and body temperature monitoring devices and equipment; vital parameter monitoring devices and equipment; remote patient monitoring devices and equipment, by end user: hospitals and clinics; diagnostic laboratories; others, by type of expenditure: public; private, and by product: instruments/equipment; disposables subsegments covered: fetal monitoring devices; neonatal monitoring devices; temperature monitoring devices; weight monitoring devices; cardiac monitoring devices; neuromonitoring devices; respiratory monitoring devices; hemodynamic monitoring devices; multiparameter monitoring devices; cardiac monitors; respiratory monitors; hematological monitors; vital parameter monitors and others.View Complete Report: https://www.thebusinessresearchcompany.com/report/patient-monitoring-devices-global-market-report-2020-30-covid-19-implications-and-growthPatient Monitoring Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
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.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Internet of Things (IoT) is increasingly being adopted in the healthcare industry for the manufacturing of remote patient monitoring devices.
An IoT-based patient health monitoring system effectively uses the internet to track a patient’s health condition with the help of sensor systems that are implanted or embedded into their skin and enabled with wireless communication.
They transmit patient’s physiological parameters via cloud-based platforms, aiding healthcare professionals to remotely measure the patient’s condition.Request A Sample Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=3148=smpFew Points From Table Of Content:Executive SummaryReport StructurePatient Monitoring Devices Market CharacteristicsPatient Monitoring Devices Market Product AnalysisPatient Monitoring Devices Market Supply Chain.......Key Mergers And Acquisitions In The Patient Monitoring Devices MarketMarket Background: Medical Equipment MarketRecommendationsAppendixCopyright And DisclaimerFew Points From List Of TablesTable 1: Historic Market Growth, Value ($ Billion)Table 2: Forecast Market Growth, Value ($ Billion)Table 3: Global Patient Monitoring Devices Market, 2019, By Region, Value ($ Billion)Table 4: Global Patient Monitoring Devices Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By RegionTable 5: Global Patient Monitoring Devices Market, Growth And Market Share Comparison, By Region………Table 131: Global Medical Equipment Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By RegionTable 132: Global Medical Equipment Market, 2015-2019, 2023F, 2025F, 2030F, Segmentation By Type, Value ($ Billion)Table 133: Global Patient Monitoring Devices Market In 2023- Growth CountriesTable 134: Global Patient Monitoring Devices Market In 2023- Growth SegmentsTable 135: Global Patient Monitoring Devices Market In 2023- Growth StrategiesAbout The Business Research Company:The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.
