Patient Monitoring Devices Market Worth $73.5 Billion By 2028

The global patient monitoring devices market size is estimated to arrive at USD 73.5 billion by 2028. It is projected to develop by 8.8% CAGR from 2021 to 2028.

The enlargement of the market for patient monitoring devices is credited to the rising figure of worldwide hospital admissions and technical progressions in the devices.

The eruption of Covid-19 pandemic has augmented the necessity for monitoring devices, at house, to decrease recurrent hospital visits. Moreover, the circumstances have altered the patterns of customer activities, needs, and purchasing. The pandemic has highlighted the necessity of digital infrastructure, designed for monitoring the distant patients. The amalgamation of tele health plus remote patient monitoring is expected to; moreover, enhance the deliverance of at-home healthcare. The worldwide encouraging programs by the public and private divisions; to assist Covid-19 patients are, furthermore, impelling the patient monitoring devices market.

In addition, there is global rise in the commonness of chronic sicknesses for example hypertension, cancer, and diabetes. The worldwide increasing figure of these complaints is escalating the demand for patient monitoring devices.

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Further key findings from the report suggest:

• Due to the greater acceptance speed of highly developed medicinal technologies, entrenched compensation procedures, greater spending on healthcare and the existence of leading companies, North America held the biggest, 42.7% revenue share and led the global patient monitoring devices market, in 2020

• The blood glucose monitoring devices section is likely to demonstrate productive enlargement throughout the forecast period because of the rising figure of diabetic patients who necessitate monitoring devices to maintain trace of their physical condition

• The hospitals division held the major, 51.3% revenue share of the market, in 2020, because of the elevated demand for diverse monitoring devices to check patients at hospitals

• The cardiac monitoring devices section held principal, 19.5% revenue share of the, in 2020, due to the greater demand for wearable cardiac monitoring devices. The structure notes information about patient’s physiology by means of wearable sensors, for example, gauging the pulse rate and oxygen level

Million Insights segmented the global patient monitoring devices market based on End Use, Product, and Region.

Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2016 - 2028)
    • Blood Glucose Monitoring Systems
        • Self-monitoring Blood Glucose Systems
        • Continuous Glucose Monitoring Systems
    • Cardiac Monitoring Devices
        • ECG Devices
        • Implantable Loop Recorders
        • Event Monitors
        • Mobile Cardiac Telemetry Monitors
        • Smart/Wearable ECG Monitors
    • Multi-parameter Monitoring Devices
        • Low-acuity Monitoring Devices
        • Mid-acuity Monitoring Devices
        • High-acuity Monitoring Devices
    • Respiratory Monitoring Devices
        • Pulse Oximeters
        • Spirometers
        • Capnographs
        • Peak Flow Meters
    • Temperature Monitoring Devices
        • Handheld Temperature Monitoring Devices
        • Table-top Temperature Monitoring Devices
        • Wearable Continuous Monitoring Devices
        • Invasive Temperature Monitoring Devices
        • Smart Temperature Monitoring Devices
    • Hemodynamic/Pressure Monitoring Devices
        • Hemodynamic Monitors
        • Blood Pressure Monitors
        • Disposables
    • Fetal & Neonatal Monitoring Devices
        • Fetal Monitoring Devices
        • Neonatal Monitoring Devices
    • Neuromonitoring Devices
        • Electroencephalograph Machines
        • Electromyography Machines
        • Cerebral Oximeters
        • Intracranial Pressure Monitors
        • Magnetoencephalograph Machines
        • Transcranial Doppler Machines
    • Weight Monitoring Devices
        • Digital
        • Analog
    • Other Patient Monitoring Devices

Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2016 - 2028)
    • Hospitals
    • Ambulatory Surgery Centers
    • Home Care Settings
    • Others

Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
    • Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • South Africa
        • UAE

Companies

Various companies for patient monitoring devices market are:

• Welch Allyn
• Biotronik
• Health anywhere Inc.
• Intel
• Bosch