Global Patient Monitoring Market is expected to reach worth USD 37.44 Billion by

Posted by miky santhosh on September 6th, 2018

Market Overview:

In the year 2018 Global Patient Monitoring Market was valued at USD 26.08 Billion. By the year 2023, it is predicted to reach USD 37.44 Billion with pace of 7.5% CAGR.

Patient monitoring device is medical system which is used to collect medical and other forms of health data where the information will be transmitted to doctor or physician for clinical inspection. Patient monitoring device helps to monitor oxygen saturation, blood pressure, temperature, pain, pulse, urine output, and respiration rate. This patient monitoring is done with the help of LCD screen, CRT, or LED screen for displaying the related data.

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Factors affecting market growth:

  • Rise in the geriatric population. (+)
  • Growth in the prevalence of patients suffering from chronic diseases. (+)
  • Increase in adoption of Patient monitoring devices in hospitals, diagnostic centers, clinics and other healthcare services. (+)
  • Introduction of new products like wireless technology devices or portable devices. (+)
  • Mergers and Acquisition between pharmaceutical and other industries. (+)
  • Collaborations between companies, hospitals, and other research institutions. (+)

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miky santhosh

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miky santhosh
Joined: April 12th, 2018
Articles Posted: 101

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