Global Patient monitoring devices market is segment into two major segments and its sub-segments such as based on type, based on product type and based on end user. Global Patient monitoring devices market is expected to reach USD 23.4 billion by 2022 at a CAGR of 5.7%. North America is the largest market for patient monitoring devices while Asia-Pacific region is fastest growing. Europe is second largest market for patient monitoring device and expected to grow steadily during forecasting period.
The global Patient monitoring devices market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. These monitoring devices continuously check patient’s vital signs by using a medical monitor. Patient monitoring devices market has various functions such as glucose monitoring, blood monitoring, temperature monitoring, cholesterol monitoring, weight monitoring etc. Electrocardiography is fastest growing sub-segment, it is largest in cardiac monitoring market and fastest growing in neurological device.
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Electrocardiography is the process that checks for problems with the electrical activity of your heart. Electrocardiography is very helpful to diagnose unexplained chest pain or pressure, cause of symptoms of heart disease, to check how well medicines are working and see if they are causing side effects that affect the heart. Increase in consumer awareness is driving the market growth which expected to grow in same pace in near future. Patient monitoring devices manufacturers trying to make more advance, accurate and innovative device to provide desirable solution.
Global Patient monitoring devices Market Players:
There are plenty of large and small market players which operate in this market all over the globe. GE Healthcare, Roche Diagnostics, BIOTRONIK SE & Co. KG, Abbott Laboratories, Siemens Healthcare, Philips Healthcare, CAS Medical Systems, Inc., Spacelabs Healthcare, Honeywell International, Inc., Shenzhen Mindray Bio-Medical Electronics Co.
Depending on geographic region, Patient monitoring devices market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America comprise largest market share in global Patient monitoring devices market. Moreover, the European market is also growing continuously. On the other hand, Asia-Pacific market is expected to grow at the fastest pace and rapidly in the Patient monitoring devices Market segment during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.
Patient monitoring devices Market has been segmented on the basis of product type which comprises of Central monitoring stations, Portable bedside monitors, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Fetal and neonatal monitors, Respiratory Monitors, Weight management monitors, Temperature monitoring devices, and others. On the basis of end user, the market is segmented into Hospitals and clinics, Ambulatory care centers, Home care and others.
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