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Market Highlights
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.
Patient Monitoring Devices Market Segmentation:
The global patient monitoring devices market is segmented in the report published by MRFR on the basis of product type and end users. These segments are rich with analyses of various market factors that can impact the market in the coming years. Gathered data from such reviews are expected to boost the tactical understanding of the market.
By product type, global patient monitoring devices market has been segmented into Portable bedside monitors, Temperature monitoring devices, Electrocardiogram (ECG) Devices, Hemodynamic Monitoring Devices, Central monitoring stations, Respiratory Monitors, Weight management monitors, Fetal and neonatal monitors, and others.
By end user, patient monitoring devices market can be segmented into Ambulatory care centers, hospitals and clinics, Home care, and others. The hospitals and clinics segment is predicted to boost the global patient monitoring devices market for better facilities and increased investment in the healthcare sector. Recent advancements in the technology is also providing thrust to the home care sector.
Patient Monitoring Devices Market Regional Analysis:
North America is slated to boost the global patient monitoring devices market with high expenditure for the healthcare sector. The region is expected to get boosted by better technological inclusion and various reimbursement policies. The US and Canada are major countries in the region with top-class infrastructural benefits that is helping the growth. Remote patient monitoring statistics are showing better inclusion rate.
In Europe, similar trajectories will be followed by countries like the UK, France, Germany, Italy, Switzerland, and others. In the Asia Pacific region, revamping of the healthcare sector in developing regions can support the regional market growth. India, China, Japan, South Korea, and others are registering notable progress.
Patient Monitoring Devices Market Competitive Landscape:
The global patient monitoring devices market is getting ample traction from several sectors like Roche Diagnostics, GE Healthcare, KG, Abbott Laboratories, Siemens Healthcare, BIOTRONIK SE & Co. CAS Medical Systems, Inc., Philips Healthcare, Honeywell International, Inc., Spacelabs Healthcare, and Shenzhen Mindray Bio-Medical Electronics Co. Relying on strategic moves like mergers, acquisitions, collaborations, rising investment in the research and development sector, innovations, better technological inclusions, and others, these companies are expanding their market operations. Patient monitoring companies and market share have been mentioned in the report as well.
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Patient Monitoring Devices Industry News:
The recent attack of COVID-19 pandemic has forced a lot of hospitals to rely on their patient monitoring management system from far. This is to ensure more beds for the Covid-19 patients. This is also getting backed by FDA who are now launching special regulations to maintain a proper workflow.
GE Healthcare launched their new Mural Virtual Care Solution to provide assistance to doctors and nurses in taking proper care of their patients. This system is getting boost from a very efficient Microsoft Azure cloud platform. The system will help in effective handling of the clinical surveillance of intensive care unit (ICU) patients. It can also manage the mechanical ventilators that are mandatory in managing the COVID-19 patients. This endeavor is to reduce the chances of exposure to COVID-19 patients and contraction of the disease.
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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