- Blood pressure monitors
- Blood glucose monitors
- Heart rate monitors
- Pulse oximeters
- Weight monitors
- Sleep apnoea monitors
- Breath monitors
Patient monitoring devices market size was valued at USD 23.4 billion in 2022 and is predicted to witness over 7.0% CAGR from 2023 to 2029. Patient monitoring devices are devices with digital technology used to measure a person's health condition. The accuracy of the results with patient monitoring devices may help in the early diagnosis of the disease, leading to more efficient and specific treatment. The major advantages of patient monitoring devices include the accuracy of the results with less time and reduced cost for disease diagnosis. These devices are commonly used to measure oxygen saturation level, pulse rate, body temperature, blood pressure, and heart activity among others. Physicians prefer patient monitoring devices to enhance excellence in patient care. Global Patient Monitoring Devices Market is growing at a significant CAGR owing to an increase in the prevalence of chronic diseases such as diabetes, cardiovascular, and neurological advancements. Market players majorly focus on the innovation of new devices with advanced technology to gain a larger market share. Acquisitions and mergers, collaborations, product approvals, product launchings, and patent approvals are the strategies followed by the competitors to increase their revenue in the patient monitoring devices market.
Fastest Growing Market
Increase in the technological advancements such as wireless devices of patient monitoring devices, the rise in prevalence of various diseases such as diabetes and hypertension which require lifelong monitoring, increase in geriatric population, growth in the adoption of patient monitoring devices are anticipated to fuel the growth of patient monitoring devices. Moreover, increase in the healthcare awareness, ease of operating and availability of the wider products in the market, and rise in healthcare expenditure expected to propel the market Global Market over the forecast period. However, product recalls, lack of awareness in rural areas, a high cost of the devices, and lack of favorable reimbursement policies for medical devices are the key factors restrain the patient monitoring devices market growth.
The patient monitoring devices market size was valued at USD 23.4 billion in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
The major key players operating in the patient monitoring devices market are: GE Healthcare (U.K.), Philips Healthcare (Netherlands), Nihon Kohden (Japan), Roche Diagnostics Limited (Switzerland), Abbott Laboratories (U.S), Omron Healthcare (Japan), Zoll Medical Corporation (U.S.), Cardinal Health (U.S.), Medtronic (Ireland)