Patient monitoring devices market share by applications and regions for 2020- 2026

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Patient Monitoring Device Market Trends Research
And Projections For 2020- 2026

• A research study conducted by Global Market
  Insights, Inc., suggests that Patient Monitoring
  Device market is likely to exceed the 32.6
  billion mark by 2026, in terms of revenue.
• Paradigm shift towards telehealth services,
  primarily after the outbreak of COVID-19 will
  drive global patient monitoring devices market
  trends. Increasing number of hospital admissions
  due to escalating corona positive patients will
  create prospects for new development.
• Proliferation of advanced technology in these
  devices will further boost product adoption.
  There have been technological advancements in
  patient monitoring devices with the integration
  of artificial intelligence backed computer
  vision.

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• Growing preference for telehealth services will
  directly impact the demand for wearable
  monitoring devices, supporting industry expansion
  over the coming years. In 2019, revenues from the
  wireless segment reached USD 7 billion and is
  expected to garner considerable gains over the
  coming years.

• The products offer quick and reliable data in
  real-time, leading to increased preference for
  wireless monitoring devices. Also, these devices
  aid healthcare providers to closely monitor
  critical patients or other high dependency
  patients such as post-operative and
  rehabilitation and patients.

• Patient monitoring devices industry across
  respiratory monitoring devices segment held 6 of
  the overall market share in 2019. One of the
  majorly used respiratory monitoring devices
  across hospitals is pulse oximeters as it can be
  utilized for a new-born easily and provides
  alerts regarding drop in oxygen level.

• Moreover, ease of use and cost-effectiveness of
  the product will further boost product adoption
  among healthcare professionals and across medical
  facilities.

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• Regional Analysis

• In 2019, North America held 40 of the patient
  monitoring devices industry share due to the
  growing prevalence of cardiac disorders and
  associated requirement for cardiac monitoring
  devices. As per CDC (Centers for Device Control
  and Prevention), more than 18.2 million adults
  aged 20 and more were affected by coronary artery
  disease in 2019.

• Competitive Analysis

• Key providers of patient monitoring devices
  worldwide include Siemens, Philips, OSI Systems,
  GE Healthcare, Nihon Kohden, Medtronic,
  Medtronic, Fukuda, Hill-Rom Holdings, Epsimed,
  Mindray, Skanray Technologies, Medion Healthcare,
  Opto India and Sensata Technologies among others.

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y-analysis/patient-monitoring-devices-market
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