The global patient monitoring devices market size is expected to grow from $21.1 billion in 2021 to $23.55 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The global patient monitoring market size is expected to grow to $35 billion in 2026 at a CAGR of 10.4%.
What is the Global Patient Monitoring Devices Market?
The patient monitoring devices market consists of sales of patient monitoring devices and related services by entities (organizations, sole traders, and partnerships) that produce patient monitoring devices used in monitoring vital health parameters.
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What drives the Global Patient Monitoring Devices Market?
The demand for monitoring devices is likely to increase due to the shortage of professionals in the healthcare services industry. According to a report by Mercer, the US requires 2.3 million new health care workers by 2025, this includes nurses, physicians, lab technicians, and various other healthcare personnel. This shortage is likely to drive the demand for monitoring systems as these devices allow medical professionals to track multiple patients remotely. This is expected to drive the market for patient monitoring devices in the forecast period.
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Global Patient Monitoring Devices Market Segments
The global patient monitoring devices market is segmented:
By Type: Fetal and Neonatal Monitoring Devices, Weight Monitoring and Body Temperature Monitoring Devices and Equipment, Vital Parameter Monitoring Devices and Equipment, Remote Patient Monitoring Devices and Equipment
By End-User: Hospitals and Clinics, Diagnostic Laboratories, Others
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
By Geography: The regions covered in the patient monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Patient Monitoring Devices Global Market Report 2022provides market size and growth forecasts for the global patient monitoring devices market, global patient monitoring devices market share, patient monitoring devices market segments and geographies, patient monitoring devices market competitive landscape including leading competitors’ revenues, profiles and market shares. The patient monitoring devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Patient Monitoring Devices Industry Playersinclude General Electric Company, Koninklijke Philips N.V., Draegerwerk AG, Cardinal Health, Inc., Masimo, Stryker Corporation, Medtronic Inc., Edwards Lifesciences, Flex Ltd, and Nihon Kohden Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
