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This Patient monitoring devices market report is an exhaustive research on companies active in Patient monitoring devices sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
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Patient Monitoring Device Market Trends Research And Projections For 2020- 2026 • A research study conducted by Global Market Insights, Inc., suggests that Patient Monitoring Device market is likely to exceed the $32.6 billion mark by 2026, in terms of revenue. • Paradigm shift towards telehealth services, primarily after the outbreak of COVID-19 will drive global patient monitoring devices market trends. Increasing number of hospital admissions due to escalating corona positive patients will create prospects for new development. • Proliferation of advanced technology in these devices will further boost product adoption. There have been technological advancements in patient monitoring devices with the integration of artificial intelligence backed computer vision. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Growing preference for telehealth services will directly impact the demand for wearable monitoring devices, supporting industry expansion over the coming years. In 2019, revenues from the wireless segment reached USD 7 billion and is expected to garner considerable gains over the coming years. • The products offer quick and reliable data in real-time, leading to increased preference for wireless monitoring devices. Also, these devices aid healthcare providers to closely monitor critical patients or other high dependency patients such as post-operative and rehabilitation and patients. • Patient monitoring devices industry across respiratory monitoring devices segment held 6% of the overall market share in 2019. One of the majorly used respiratory monitoring devices across hospitals is pulse oximeters as it can be utilized for a new-born easily and provides alerts regarding drop in oxygen level. • Moreover, ease of use and cost-effectiveness of the product will further boost product adoption among healthcare professionals and across medical facilities. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis • In 2019, North America held 40% of the patient monitoring devices industry share due to the growing prevalence of cardiac disorders and associated requirement for cardiac monitoring devices. As per CDC (Centers for Device Control and Prevention), more than 18.2 million adults aged 20 and more were affected by coronary artery disease in 2019. • Competitive Analysis • Key providers of patient monitoring devices worldwide include Siemens, Philips, OSI Systems, GE Healthcare, Nihon Kohden, Medtronic, Medtronic, Fukuda, Hill-Rom Holdings, Epsimed, Mindray, Skanray Technologies, Medion Healthcare, Opto India and Sensata Technologies among others. Request for Customization @ https://www.gminsights.com/roc/4069 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On Patient Monitoring Device Market @ https://www.gminsights.com/industry-analysis/patient-monitoring-devices-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4069 Request for customization: https://www.gminsights.com/roc/4069 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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