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Patient Care Monitoring Device Market to Grow with a CAGR of 5.5% During 2022-2030

21 Jul | By Aakash Choudhary
Patient Care Monitoring Device Market to Grow with a CAGR of 5.5% During 2022-2030
By: Aakash

Research Nester released a report titled Patient Care Monitoring Device Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global patient care monitoring device market in terms of market segmentation by products, end-users, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global patient care monitoring device market is projected to grow with a CAGR of 5.5% during the forecast period, i.e., 2022-2030 on account of the increasing adoption of remote patient monitoring devices on the back of rising technological advancements. The growing investments which are being provided by various market players are also expected to improve the product portfolio, which in turn is estimated to drive market growth in the coming years.

The market is segmented by products into blood glucose monitoring devices, cardiac monitoring devices, respiratory monitoring devices, fetal & neonatal monitoring devices, neuro-monitoring devices, multi-parameter monitoring devices and other monitoring devices. Among these segments, the cardiac monitoring device segment is anticipated to hold the largest share by the end of the forecast period as a result of the increasing number of cardiovascular diseases cases globally.

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On the basis of region, the global patient care monitoring device market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in in North America is anticipated to acquire the largest share, which can be attributed to the strong presence of global manufacturers of patient care monitoring devices in the region.

Increasing Cardiovascular Disorder Cases and Growing Adoption of Technologically Advanced Products to Drive Market Growth

The growing prevalence of cardiovascular diseases is giving rise to the development of advanced patient monitoring devices which offers a variety of recording methods. Some are continually recording every heartbeat for up to 30 days and provide arterial fibrillation burden assessment, others help in monitoring the average glucose level and compare it with the standard values. These advancements in medical technologies is predicted to boost market growth in the near future.

However, high cost associated with patient care monitoring devices is expected to limit the growth of the market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global patient care monitoring device market, which includes company profiling of General Electric Company, Abbott Laboratories, Medtronic Plc, Masimo Corporation, OMRON Corporation, Boston Scientific Corporation, BioTelemetry, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Koninklijke Philips N.V., and others. The profiling enfolds essential information of the companies, which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global patient care monitoring device market that will help industry consultants, equipment manufacturers, and existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

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Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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