Fact.MR, a market research and competitive intelligence provider: Demand for next generation patient monitoring devices is expected to rise at a healthy CAGR of 8.9% from 2022 to 2032.
“Rising Focus on Health and Well-being Driving Demand for Next Generation Patient Monitoring Devices”
The latest study by Fact.MR conducted on the Next Generation Patient Monitoring Devices offers comprehensive insights into key factors driving growth. It also study the market across various segments in terms of product type, application, technology, and end user. The report offers detailed analysis of the scope for expansion in developed and developing markets through 2032.
Fact.MR, a market research and competitive intelligence provider: Demand for next generation patient monitoring devices is expected to rise at a healthy CAGR of 8.9% from 2022 to 2032. At present, the global next generation patient monitoring devices market is valued at US$ 4.38 billion and is expected to reach US$ 10.27 billion by the end of 2032.
Remote monitoring technology in next generation patient monitoring devices provides access to broader geographical areas, including less-served regions, which reduces the cost of treatment and time of travel. The growth can be attributed to the rising demand for monitoring devices used to measure, distribute, record, and display a combination of biometric values such as blood oxygen saturation level, temperature, and blood pressure.
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Key Takeaways from Market Study
- North America accounts for 26.3% share of the global next generation patient monitoring devices market.
- With 21.5% market share, Europe is the second-largest regional next generation patient monitoring devices market.
- APEJ represents a significant share in the next generation of patient monitoring devices market for the forecast period owing to the rise in chronic disease and improvement in healthcare facilities.
- Japan also have a significant market share owing to the high geriatric population as well as available government support.
- Sales of next generation patient monitoring devices in hospitals are expected to rise at the highest CAGR over the forecast period.
The report aims to provide an overview with detailed segmentation by type, application, end use and geography. The global is expected to witness high growth during the forecast period.
A survey offers detailed analysis on key growth drivers of Next Generation Patient Monitoring Devices Market trends accelerating Next Generation Patient Monitoring Devices Market sales globally. The survey also gives detailed analysis on the competitive landscape of Next Generation Patient Monitoring Devices Market identifying key players and analyzing the impact of their growth strategies.
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Market Developments:
New companies should focus on wireless and remote patient monitoring systems, patient data processing applications & equipment, and EMR data transfer equipment to facilitate medical facilities.
- A new entrant in the medical technology industry – Grapheal - supplies advanced sensing thin films that can be used in ultra-sensitive biosensors. The firm focuses on electronic biosensors and wearables connected to IoT and mobile platforms. A portable, low-cost, and quick diagnostic test is being proposed by Grapheal, which uses an antibody-sensitized sensor in conjunction with a mobile application to provide multi-strain screening in saliva.
Prominent Key players of the Next Generation Patient Monitoring Devices Market survey report
Some of the players in the Next Generation Patient Monitoring Devices market includes Boston Scientific Corporation, Koninklijke Philips N.V., Nihon Kohden Corporation, F. Hoffmann-La Roche Ltd., LifeWatch AG, Medtronic, Abbott, eDevice, Isansys Lifecare Ltd, Zywie Inc. etc.
Next Generation Patient Monitoring Devices Market: Segmentation
Segmentation by Service Type:
- MRI Compatible Devices
- Non-MRI Compatible Devices
Segmentation by Component:
- Wearable component
- Non-Wearable component
Segmentation by Application:
- Diagnosis
- Treatment monitoring
Segmentation by End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Home Care Settings
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More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the Next Generation Patient Monitoring Devices Market, presenting historical market data (2016-2020) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Service (MRI Compatible, Non-MRI Compatible Devices), By Component (Wearable, Non-wearable Components), By Application (Diagnosis, Treatment Monitoring), By End User & By Region - Global Insights 2022 to 2032
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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