Patient Monitoring Devices Market - Trends Forecast Till 2028

Market Overview

The Patient Monitoring Devices Market size is projected to reach a CAGR of 6.9% from 2022 to 2028.

Patient monitoring systems are used to measure, record, distribute and display combinations of biometric values such as heart rate, blood oxygen saturation levels (SPO2), blood pressure, and temperature. They are used for monitoring patients regularly, which can help avoid serious problems.

Integration of monitoring technologies in smartphones and wireless devices is a key trend in patient care, resulting in the introduction of remote monitoring systems, mobile cardiac telemetry devices, mobile personal digital assistant (PDA) systems, ambulatory wireless EEG recorders, and ambulatory event monitors are some of the factors that have supported long-term expansion for Patient Monitoring Devices Market.

Regional Analysis

North America commanded the largest share of the patient monitoring devices market during the forecast period. The increasing R&D to develop novel sensor-based patient monitoring systems, rising prevalence of infectious diseases, safety concerns, and technological advancements in patient monitoring devices products are the key factors supporting market growth in North America.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Medtronic, Inc.
• Biotronik
• F. Hoffmann-La Roche Ltd.
• GE Healthcare Ltd
• Masimo Corporation
• Nihon Kohden Corporation
• Johnson and Johnson
• Omron Healthcare Co. Ltd.
• Abbott Laboratories
• Koninklijke Philips N.V.

Recent Developments

• In 2020, Medtronic received the US FDA approval for its LINQ II Insertable Cardiac Monitor (ICM). It is implantable devices for determining the irregular heart rythm.
• In 2020, Medtronic and Tandem Diabetes Care, Inc underwent patent cross-license agreement, as per which both companies can cross-license each other’s patent portfolio for five years and jointly focus on innovating new products and services for diabetes management.

Reasons to Acquire

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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope