According to a newly released Patient Monitoring Devices Market Analysis report by Future Market Insights, global sales of Patient Monitoring Devices in 2021 are expected to be $42.3 billion. The market is expected to reach a valuation of US$ 125.2 billion by 2032, with a CAGR of 10.5% between 2022 to 2032. Blood Glucose Monitoring Systems are expected to generate the most revenue, with a CAGR of more than 12.2% between 2022 to 2032.
In its business report, FMI elaborates on the historical and current scenario of the global Patient Monitoring Devices Market in terms of production, consumption, volume, and value. On the basis of demand patterns and growth prospects, the report divides the market into various segments, regions, and players.
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Crucial information and forecast statistics covered in the Patient Monitoring Devices market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Patient Monitoring Devices Market
The recent COVID-19 outbreak has focused attention on the healthcare industry, affecting the Patient Monitoring Devices market. Severe shortages of critical medical supplies, combined with an increase in the number of COVID-19 cases, have resulted in a revolution rather than an evolution in healthcare ecosystems. As a result, the impact can be seen in the Patient Monitoring Devices market.
Doctors are delaying or postponing elective surgeries unless absolutely necessary to prevent the spread of the virus to individuals with comorbidities or chronic conditions, in accordance with government measures, particularly social distancing norms and stay-at-home orders. Furthermore, movement restrictions and disruptions in supply chains have created a logistical nightmare for market participants, resulting in severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Patient Monitoring Devices market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Patient Monitoring Devices Market: Segmentation
Valuable information covered in the FMI’s Patient Monitoring Devices market report has been segregated into key segments and sub-segments.
By Product Type:
- Blood Glucose Monitoring Systems
- Self-monitoring Blood Glucose Systems
- Continuous Glucose Monitoring Systems
- Cardiac Monitoring Devices
- ECG Devices
- Implantable Loop Recorders
- Event Monitors
- Mobile Cardiac Telemetry Monitors
- Smart/Wearable ECG Monitors
- Multi-parameter Monitoring Devices
- Low-acuity Monitoring Devices
- Mid-acuity Monitoring Devices
- High-acuity Monitoring Devices
- Overall
- Pulse Oximeters
- Spirometers
- Capnographs
- Peak Flow Meters
- Temperature Monitoring Devices
- Handheld Temperature Monitoring Devices
- Table-top Temperature Monitoring Devices
- Wearable Continuous Monitoring Devices
- Invasive Temperature Monitoring Devices
- Smart Temperature Monitoring Devices
By End User:
- Hospitals
- Ambulatory Surgery Centers
- Home Care Settings
- Other End-user
Patient Monitoring Devices Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Patient Monitoring Devices market. Competitive information detailed in the Patient Monitoring Devices market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Patient Monitoring Devices market report.
Key players covered in the report include:
Honeywell, American Telecare, Roche, Philips Healthcare, Intel, Welch Allyn, Health anywhere Inc., Johnson & Johnson, Bosch, Biotronik, and Covidien Plc, Others
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Important Questions Answered in the Patient Monitoring Devices Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Patient Monitoring Devices market been expanding during the forecast period?
- How will the global Patient Monitoring Devices market look like by the end of the forecast period?
- What innovative strategies are adopted by Patient Monitoring Devices market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Patient Monitoring Devices market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Patient Monitoring Devices market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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