The latest research report from the IMARC group, titled “Digital Patient Monitoring Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global market for digital patient monitoring devices reached a value of US$80.77 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of $323.82 billion by 2027presenting a CAGR of 24.50% over the period 2022-2027. Digital patient monitoring devices refer to electronic gadgets intended to monitor a patient’s vital signs including heart rate, temperature, pulse, blood pressure, blood oxygen saturation (SPO2) levels, etc. . They are commonly available for urine output, temperature, respiratory, cardiac, weight, neuromonitoring, remote patient, etc. Digital patient monitoring devices help increase patient engagement and control, prevent and delay disease complications, save time, reduce errors, reduce workload, improve communication and enhance security. As a result, they are widely used in hospitals, clinics, Ambulatory Surgical Centers (ASCs), home care facilities, etc.
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Important Attribute and Report Highlights:
- Detailed Global Market Share Analysis
- Market segmentation by surveillance type, product and end-user.
- Historical, current and projected market size in terms of volume and value
- Latest industry trends and developments
- Competitive landscape for the Digital Patient Monitoring Devices Market
- Strategies of key players and product offerings
The growing prevalence of chronic medical conditions, such as hypertension, blood pressure, asthma, diabetes, etc., is primarily driving the digital patient monitoring device market. Additionally, the growing demand for various sensor-based wearable monitoring devices including continuous glucose monitors that help track blood sugar levels in real-time is further increasing the market growth. Apart from this, the expanding geriatric population, growing consumer spending abilities, and widespread usage of the products in home care facilities owing to the sudden onset of the COVID-19 pandemic are also catalyzing the market. global. Additionally, growing technological advancements including the introduction of smart monitoring devices that help in the rapid analysis of common physiological parameters are expected to bolster the digital patient monitoring devices market in the coming years.
Key Players Included in the Global Digital Patient Monitoring Devices Market Research Report:
- Abbott Laboratories
- AT&T Inc.
- Athenasanté inc.
- F. Hoffmann-La Roche SA
- General electricity company
- Hill-Rom Holdings Inc. (Baxter International Inc.)
- Johnson & Johnson
- Koninklijke Philips NV
- Medtronic plc
- Nihon Kohden Company
- OMRON Corporation and ResMed
Overview of the impact of COVID-19:
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Key Market Segmentation:
Breakdown by type of supervision:
- Wireless sensor technology
- Portable devices
- Remote patient monitoring
Breakdown by product:
- Diagnostic monitoring devices
- Vital signs monitors
- sleep monitors
- Fetal monitors
- Therapeutic monitoring devices
- Insulin monitors
- Respiratory monitors
Breakdown by end user:
- Home Settings
- Ambulatory surgery centers (ASC)
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Table of Content of Digital Patient Monitoring Devices Market Research Report:
- Scope and methodology
- Global Digital Patient Monitoring Devices Market
- SWOT analysis
- Value chain analysis
- Price analysis
- Competitive landscape
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Who we are:
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
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