Global Patient Monitoring Devices Market Forecast 2023-2032 – Market Size, Drivers, Trends, And Competitors
Global Patient Monitoring Devices Market Forecast 2023-2032 – Market Size, Drivers, Trends, And Competitors
The Business Research Company's Patient Monitoring Devices Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, November 30, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global patient monitoring devices market1 is poised for significant expansion, with a projected increase from $23.46 billion in 2022 to $25.53 billion in 2023, exhibiting a commendable compound annual growth rate (CAGR) of 8.8%. Despite geopolitical disruptions and economic challenges stemming from the Russia-Ukraine war, the market is anticipated to reach $34.5 billion in 2027, sustaining a robust CAGR of 7.8%. This growth is propelled by various factors shaping the healthcare landscape globally.
Drivers: One major driver is the escalating demand for monitoring devices, primarily attributed to the shortage of healthcare professionals. Mercer reports a need for 2.3 million new healthcare workers in the US alone by 2025, including nurses, physicians, and lab technicians. The shortage necessitates remote patient monitoring solutions, fostering the growth of patient monitoring devices as a vital component of healthcare infrastructure.
Key Trends: Patient monitoring device manufacturers are responding to this demand by offering customized Multi-Parameter Monitors (MPMs). Notably, Infinium Medical's Omni series exemplifies this trend, providing preconfigured monitors with essential parameters like ECG, oxygen saturation, non-invasive blood pressure, and temperature tracking. This flexibility allows for the inclusion of advanced health measures, catering to the specific needs of critically ill patients.
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Market Segments and Leading Regions:
In 2022, Asia-Pacific emerged as the largest region in the global patient monitoring devices market2. The market is segmented by type, end user, type of expenditure, and product. Notable segments include Fetal and Neonatal Monitoring Devices, Weight Monitoring and Body Temperature Monitoring Devices, Vital Parameter Monitoring Devices, and Remote Patient Monitoring Devices. End users span hospitals, clinics, diagnostic laboratories, and other sectors, while expenditures are categorized as public and private. Products are classified into instruments/equipment and disposables, providing a comprehensive overview of the market dynamics.
Read More On The Patient Monitoring Devices Global Market Report At:
https://www.thebusinessresearchcompany.com/report/patient-monitoring-devices-global-market-report
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Market Characteristics
3. Patient Monitoring Devices Market Trends And Strategies
4. Patient Monitoring Devices Market – Macro Economic Scenario
5. Patient Monitoring Devices Market Size And Growth
……
27. Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Market
29. Market Future Outlook and Potential Analysis
30. Appendix
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