Patient Monitoring Equipment Market size to grow by USD 20.39 billion from 2022-2027; North America to account for 44% of market growth – Technavio

NEW YORK, Dec. 12, 2023 /PRNewswire/ — The patient monitoring equipment market size is expected to grow by USD 20.39 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 8.48% during the forecast period, according to Technavio Research. The market is segmented based on End-user (Hospitals, Clinics, and Ambulatory care services), Type (Bed-side patient monitoring equipment and Remote patient monitoring equipment), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America is estimated to account for 44% of the market growth. Some of the key factors significantly contributing to the growth of the patient monitoring equipment market in North America are the technological innovations and the increasing geriatric population. The advanced healthcare infrastructure and the early adoption of cutting-edge medical technologies are also significantly contributing to the market growth in the region. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a FREE PDF Sample Report

Company Profile:

Abbott Laboratories, Analog Devices Inc., BIOTRONIK SE and Co. KG, Contec Medical Systems Co. Ltd., Dexcom Inc., Dragerwerk AG and Co. KGaA, F. Hoffmann La Roche Ltd., Fortive Corp., General Electric Co., Johnson and Johnson Services Inc., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd., Nihon Kohden Corp., OMRON Corp., Siemens AG, Smiths Group Plc, Compumedics Ltd., Natus Medical Inc.

Abbott Laboratories: The company offers patient monitoring equipment such as the Freestyle Libre continuous glucose monitoring system, which provides real-time glucose readings without the need for finger pricks.

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Patient Monitoring Equipment Market: Segmentation Analysis

The hospital segment will account for a significant share of market growth during the forecast period. Factors such as the need for improved patient safety, advancements in technology, the increasing prevalence of chronic diseases, and the rising aging population are significantly contributing to the market growth. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio

Patient Monitoring Equipment Market: Driver & Trend:

Driver

• Rising need for remote monitoring of patients
• Rising prevalence of chronic diseases
• Growing healthcare expenditure globally

The rising prevalence of chronic diseases drives market growth. According to the World Health Organization data, noncommunicable diseases (NCDs) claim the lives of 41 million individuals annually, representing a staggering 74% of global deaths.

The advancements in patient monitoring equipment is the new emerging trend in the market. Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.

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The patient lift pendant market share is expected to increase by USD 31.2 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.27%.

What are the key data covered in this patient monitoring equipment market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the patient monitoring equipment market between 2022 and 2027.
• Precise estimation of the patient monitoring equipment market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the patient monitoring equipment market across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of patient monitoring equipment market vendors.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio