Global Patient Monitoring Market is expected to reach worth USD 37.44 Billion by 2023.
Patient Monitoring Market By Application (Neurology, Hemodynamic, Cardiac, Fetal And Neonatal, Respiratory, Multi Parameter, Remote Patient Monitors, Temperature Monitors And Weight Monitoring Systems)
(EMAILWIRE.COM, August 16, 2018 ) In the year 2018 Global Patient Monitoring Market was valued at USD 26.08 Billion. By the year 2023, it is predicted to reach USD 37.44 Billion with pace of 7.5% CAGR.
Patient monitoring device is medical system which is used to collect medical and other forms of health data where the information will be transmitted to doctor or physician for clinical inspection. Patient monitoring device helps to monitor oxygen saturation, blood pressure, temperature, pain, pulse, urine output, and respiration rate. This patient monitoring is done with the help of LCD screen, CRT, or LED screen for displaying the related data.
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Factors affecting market growth:
• Rise in the geriatric population. (+)
• Growth in the prevalence of patients suffering from chronic diseases. (+)
• Increase in adoption of Patient monitoring devices in hospitals, diagnostic centers, clinics and other healthcare services. (+)
• Introduction of new products like wireless technology devices or portable devices. (+)
• Mergers and Acquisition between pharmaceutical and other industries. (+)
• Collaborations between companies, hospitals, and other research institutions. (+)
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Market Segmentation
The Global Patient Monitoring Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market in global patient monitoring system due to presence of high-quality healthcare system, rising aging population, increasing of chronic diseases, advancement of technology and introduction of new products in patient monitoring devices.
Asia-Pacific region is expected to grow at the highest CAGR during the forecast period due to rise in the geriatric population, improvement in the healthcare facilities, and increase in the purchasing power in the countries like India, China and Japan which is predicted to increase the market share for patient monitoring system.
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Key players:
Major companies for Global Patient Monitoring Market are Honeywell International, Inc., Philips Healthcare, Smiths Medical, Medtronic PLC, Abbott Laboratories, Omron Corporation, Lifewatch AG, Roche Diagnostics, Boston Scientific Corporation, and Nihon Kohden Corporation.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Patient monitoring device is medical system which is used to collect medical and other forms of health data where the information will be transmitted to doctor or physician for clinical inspection. Patient monitoring device helps to monitor oxygen saturation, blood pressure, temperature, pain, pulse, urine output, and respiration rate. This patient monitoring is done with the help of LCD screen, CRT, or LED screen for displaying the related data.
Request Report Sample: https://www.marketdataforecast.com/market-reports/patient-monitoring-market-135/request-sample
Factors affecting market growth:
• Rise in the geriatric population. (+)
• Growth in the prevalence of patients suffering from chronic diseases. (+)
• Increase in adoption of Patient monitoring devices in hospitals, diagnostic centers, clinics and other healthcare services. (+)
• Introduction of new products like wireless technology devices or portable devices. (+)
• Mergers and Acquisition between pharmaceutical and other industries. (+)
• Collaborations between companies, hospitals, and other research institutions. (+)
Get your customized report: https://www.marketdataforecast.com/market-reports/patient-monitoring-market-135/customize-report
Market Segmentation
The Global Patient Monitoring Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market in global patient monitoring system due to presence of high-quality healthcare system, rising aging population, increasing of chronic diseases, advancement of technology and introduction of new products in patient monitoring devices.
Asia-Pacific region is expected to grow at the highest CAGR during the forecast period due to rise in the geriatric population, improvement in the healthcare facilities, and increase in the purchasing power in the countries like India, China and Japan which is predicted to increase the market share for patient monitoring system.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/patient-monitoring-market-135/
Key players:
Major companies for Global Patient Monitoring Market are Honeywell International, Inc., Philips Healthcare, Smiths Medical, Medtronic PLC, Abbott Laboratories, Omron Corporation, Lifewatch AG, Roche Diagnostics, Boston Scientific Corporation, and Nihon Kohden Corporation.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results