Authored By: Sarah
11 Aug 2023

Patient Monitoring Equipment Market is billion-dollar sector in making with revenue growth of USD 20.39 Bn through 2023-2027

The Global Patient Monitoring Equipment Market is to exhibit growth at a CAGR of 8.48% between 2022 and 2027 with a revenue growth of USD 20.39 billionThe increasing adoption and need for remote monitoring of patients, and the increasing market penetration in emerging economies, followed by the increasing prevalence of chronic diseases is shaping the Patient Monitoring Equipment Market into a billion-dollar industry across the globe.

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Technavio’s research report traces the growth trajectory of the Patient Monitoring Equipment Market and provides a detailed analysis of the complete market landscape segment-wise 

Segment-wise analysis of the Patient Monitoring Equipment Market: When it comes to segment analysis the market for Healthcare BPO Market can be segmented depending on several factors be it type, fastest-growing segment, fastest-growing region, or the overall geography of the market landscape.

  • The Patient Monitoring Equipment market can be segmented by end-user (hospitals, clinics, and ambulatory care services), type (bed-side patient monitoring equipment and remote patient monitoring equipment), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). 
  • In the geographic section, North America is known for its advanced healthcare infrastructure and the ready adoption of cutting-edge medical technologies, the demand for wireless connectivity, remote monitoring capabilities, and data analytics, is particularly strong in this region, and North America is estimated to contribute 44% to the growth of the global market.
  • When it comes to the growth of the end-user segment, it is estimated the hospital's segment will witness significant growth owing to the growing demand for patient monitoring devices in hospitals driven by the factors such as the need for enhanced patient safety, and technological advancements. As per data, the hospital's segment was the largest segment and was valued at  USD 12.59 billion in 2017. View sample report for more insights.

Key Companies: Analog Devices Inc., BIOTRONIK SE and Co. KGContec Medical Systems Co. Ltd., Dexcom Inc., Dragerwerk AG and Co. KGaA, F. Hoffmann La Roche Ltd., Fortive Corp., General Electric Co., Johnson and Johnson Services Inc., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Mindray Biomedical Electronics Co. Ltd., Nihon Kohden Corp., etc are some of the major market players.

Organizations like Abbott Laboratories offer patient monitoring equipment such as Freestyle Libre continuous glucose monitoring system, which provides real-time glucose readings without the need for finger pricks.

Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a Sample Report.

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