The global patient monitoring market is projected to reach $77.56 billion by 2030, according to a report by Next Move Strategy Consulting – GlobeNewswire | Region & Cash

NEW YORK, July 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global patient monitoring market achieved revenue of US$36.45 billion in 2021 and is expected to reach US$77.56 billion by 2030, growing at a CAGR of 8.7% from 2022-2030. The report is useful for getting an in-depth analysis of changing market dynamics, current size, estimates, and leading market players. Additionally, the report provides regional and country-wise analysis along with detailed segmentation.

Presenting the overall scenario of the patient monitoring industry in 180 pages, the study aims to assist shareholders, investors, C-level executives and business decision-makers in determining the current situation and assessments for the future. In addition, the analysis is presented in tabular and graphical form with 552 tables and 553 figures.

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report coverage details
forecast period 2022-2030
base year 2021
Market size in 2021 $36.45 billion
Market size in 2030 $77.56 billion
CAGR 8.7%
number of pages 180
tables 552
characters 553
segments covered Product, End User, Type and Geography.
driver Increase in the prevalence of chronic and infectious diseases with lifestyle changes
Remote monitoring trend
occasions Significant increase in demand for patient monitoring devices in the out-of-hospital setting
Increase in investments in healthcare IT

The report provides a comprehensive analysis of the driving forces, factors inhibiting growth, and opportunities in the global patient monitoring market. This analysis is essential to provide market players with an insight into the factors they need to leverage to increase their shares in the market. The increase in the prevalence of chronic and infectious diseases with lifestyle changes and the increasing preference for remote monitoring are driving the growth of the market. In addition, the increase in the adoption of wearable devices complements the market growth. On the other hand, the high cost of surveillance equipment hampers growth to some extent.

Highlighting the opportunities that can be leveraged to increase patient monitoring market share, the senior analyst for the Semiconductor & Electronics category at Next Move Strategy Consulting said, “There is a surge in demand for devices to monitor patients remotely – hospital settings . In addition, investments in healthcare IT are increasing significantly. These factors offer significant opportunities in the coming years.”

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The report offers a comprehensive analysis of each segment and its sub-segments to help market participants and investors determine performance and seize opportunities. The report segments the global patient monitoring market into product, type, end-user and geography. Based on the product, the report segments the market into cardiac monitors, hemodynamic/pressure monitors, blood glucose monitors, respiratory monitors, multi-parameter monitors, fetal and neonatal monitors, temperature monitors, weight monitors, neuromonitoring devices, and other devices. Based on the type, the research splits the market into conventional and wireless. On the basis of end-user, the study further categorizes the market into Home Care, Hospitals & Clinics, and Others.

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Based on geography, the study segments the market into North America, Europe, Asia Pacific and RoW. According to the report, North America held the highest market share in 2021 and will maintain its highest contribution over the forecast period. This is due to an increase in R&D to develop innovative sensor-based patient monitoring systems, increasing adoption of mHealth apps and rising healthcare investments. However, the Asia-Pacific region will experience rapid growth over the forecast period. This is attributed to the increasing adoption of devices to monitor patients remotely and the increase in heart and lung-related diseases.

The study provides a detailed analysis of each segment and sub-segment based on regions and countries. This helps leading players in developing expansion strategies and investors in determining the viability of their investments. These findings are presented in the form of figures and tables for enhancing understanding and taking steps to increase overall Patient Monitoring Market size.

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The report provides a detailed analysis of the leading players operating in the global Patient Monitoring Market. Major market players analyzed in the report include Koninklijke Philips, Medtronic, GE Healthcare, Abbott Laboratories, Mindray Medical, Edwards Lifesciences Corporation, Hill-Rom Holdings, Inc., Masimo Corporation, OMRON Corporation, and Bio-Medical Electronics Co., Ltd various strategies such as joint ventures, expansion, product launches, collaborations and others to strengthen their shares in the market.

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Next Move Strategy Consulting is a leading market research and management consulting firm committed to providing clients with strategically analyzed, well-documented, cutting-edge research reports. The research industry is awash with many companies to choose from. What sets Next Move apart from the rest is its world-class research and obsession with turning data into knowledge by analyzing every piece of it and providing fact-based research recommendations backed by information gathered from over 500 million websites, paid databases, industry journals, and One-on-one consultations with industry experts from a variety of industries have been collected. The high quality, customized research reports with actionable insights and excellent end-to-end customer service help our clients make important business decisions that enable them to go ahead and have a competitive advantage in the industry.

We’ve served over 1,000 customers worldwide for over a decade, including 90% of the Fortune 500 companies. Our analysts constantly follow various high-growth markets and identify hidden opportunities in each sector or industry. We offer one of the industry’s best syndicates as well as custom research reports for 10 different industry verticals. We strive to deliver high quality research solutions in alignment with your business needs. Our industry-standard delivery solutions, ranging from pre-consultation to after-sales service, provide a superior customer experience and ensure the right strategic decision-making for businesses.


        

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