Portland, OR, July 30, 2020 (GLOBE NEWSWIRE) — The Patient Monitoring Devices Market generated $25.76 billion in 2019, and is estimated to reach $44.86 billion by 2027, registering a CAGR of 4.4% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Surge in usage of wireless monitoring devices and increase in population of aging people across the globe drive the growth of the global patient monitoring devices market. However, high cost associated with patient monitoring devices is anticipated to restrain the market growth. Furthermore, increasing technological advancements are expected to provide new opportunities during the forecast period.
Request Sample Report for COVID-19 Impact Analysis on the Patient Monitoring Devices Market: https://www.alliedmarketresearch.com/request-for-customization/1663?reqfor=covid
Covid-19 scenario:
- The demand for remote patient monitoring devices is expected to surge significantly to treat Covid-19 patients. This is expected to maintain safety and reduce possibility of cross-contamination.
- However, key players of patient monitoring devices such as Koninklijke Philips N.V., GE Healthcare, and others are focusing toward expanding their patient monitoring devices product portfolio during the pandemic. For instance, Koninklijke Philips N.V. received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its wearable biosensor Philips Biosensor BX100. This would help in managing suspected Covid-19 patients in the hospital.
“Remote monitoring devices segment is expected to witness significant growth owing to COVID-19 pandemic and adoption of social distancing & lock down across the globe.”
The report offers a detailed segmentation of the global patient monitoring devices market based on product type, end-user, and region.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1663
Based on product type, the cardiac monitoring devices segment contributed to the largest share in 2019, accounting for more than one-fourth of the total share, and is estimated to maintain its dominant position during the forecast period. However, the remote patient monitoring devices segment is estimated to portray the highest CAGR of 6.3% during the forecast period.
Based on end-user, the hospitals segment accounted for the largest share in 2019, holding more than half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the home setting segment is expected to register the highest CAGR of 5.0% from 2020 to 2027.
Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 5.5% from 2020 to 2027.
Leading market players analyzed in the research include Biotronik, Medtronic, Inc., GE Healthcare Ltd, F. Hoffmann-La Roche Ltd., Nihon Kohden Corporation, Masimo Corporation, Omron Healthcare Co. Ltd, Johnson and Johnson, Koninklijke Philips N.V., and Abbott Laboratories.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Sleep Aids Market – Global Opportunity Analysis and Industry Forecast, 2020–2026
Biopsy Devices Market – Global Opportunity Analysis and Industry Forecast, 2020–2026
Multiplex Assays Market – Global Opportunity Analysis and Industry Forecast, 2020-2026
Disposable Medical Supplies Market Global Opportunity Analysis and Industry Forecast, 2019–2026
Holter ECG Monitoring Market – Global Opportunity Analysis and Industry Forecast, 2020–2026
Smart Hospitals Market – Global Opportunity Analysis and Industry Forecast, 2020-2026
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected] Web: https://www.alliedmarketresearch.com/press-release/patient-monitoring-devices-market.html Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
