Global patient monitoring market to reach $77.56 billion

New York, July 11. 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global patient monitoring market generated revenue of USD 36.45 billion in 2021 and is expected to reach USD 77.56 billion by 2030, registering a CAGR of 8.7% from 2022 to 2030. The report is useful to have a in-depth analysis of changing market dynamics, current size and estimates. , and the main market players. Additionally, the report offers region-wise and country-wise analysis along with detailed segmentation.

Presenting the complete scenario of the patient monitoring industry in 180 pages, the research aims to help shareholders, investors, senior executives and decision makers of companies to determine the current situation and estimates for the future. In addition, the analysis is presented in the form of tables and graphs with 552 tables and 553 figures.

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Report cover Details
Forecast period 2022–2030
base year 2021
Market size in 2021 $36.45 billion
Market size in 2030 $77.56 billion
CAGR 8.7%
Number of pages 180
the tables 552
The figures 553
Segments Covered Product, End User, Type and Geography.
Drivers Increased prevalence of chronic and infectious diseases with lifestyle changes
Increased preference for remote monitoring
Opportunities Huge increase in demand for patient monitoring devices in non-hospital settings
Increased investment in health informatics

The report provides an in-depth analysis of the driving forces, growth inhibiting factors and opportunities of the global Patient Monitoring market. This analysis is essential in offering market participants insight into the factors on which to capitalize to increase their market shareholdings. Rising prevalence of chronic and infectious diseases with lifestyle changes and increasing preference for remote monitoring are driving the market growth. Additionally, increasing adoption of wearable devices complements the growth of the market. On the other hand, the high cost of monitoring devices is restraining the growth to some extent.

Highlighting the opportunities that can be leveraged to increase the patient monitoring market share by market players, Senior Semiconductor & Electronics Category Analyst at Next Move Strategy Consulting, said, “There is a increasing demand for remote patient monitoring devices in non-hospital settings. Additionally, investments in health informatics are increasing dramatically. These factors offer significant opportunities in the years to come.

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The report provides in-depth analysis of each segment and its sub-segment to help market players and investors determine performance and exploit opportunities. The report segments the global patient monitoring market into product, type, end-user, and geography. Based on the product, the report subclassifies the market into Cardiac Monitoring Devices, Hemodynamic/Pressure Monitoring Devices, Blood Glucose Monitoring Systems, Respiratory Monitoring Devices, Multi-Parameter Monitoring Devices, Fetal and Neonatal Monitoring Devices , temperature monitoring device, weight monitoring devices. , neuromonitoring devices and other devices. Based on type, the research divides the market into conventional and cordless. On the basis of end user, the study further categorizes the market into home healthcare, hospitals and clinics, etc.

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Based on geography, the research divides the market into North America, Europe, Asia-Pacific, and RoW. According to the report, North America held the highest market share in 2021 and will maintain its highest contribution during the forecast period. This is due to increased R&D to develop innovative sensor-based patient monitoring systems, increased acceptance of mHealth applications, and increased investment in the healthcare sector. However, Asia-Pacific will witness rapid growth during the forecast period. This is attributed to the increased adoption of remote patient monitoring devices and the increased incidence of heart and lung related diseases.

The research offers a detailed analysis of each segment and sub-segment based on regions and countries. This helps key players design expansion strategies and investors determine the feasibility of their investments. This information is presented in the form of figures and tables to enhance understanding and assist in taking action to increase the overall patient monitoring market size.

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The report offers a detailed analysis of key players operating in the global Patient Monitoring Market. Key market players analyzed in the report are Koninklijke Philips, Medtronic, GE Healthcare, Abbott Laboratories, Mindray Medical, Edwards Lifesciences Corporation, Hill-Rom Holdings, Inc., Masimo Corporation, OMRON Corporation, and Bio-Medical Electronics Co., Ltd. . They have adopted various strategies such as joint ventures, expansion, new product launches, collaborations and others to strengthen their market shareholdings.

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