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SAN FRANCISCO , June 15, 2021 /PRNewswire/ -- The global patient monitoring devices market is expected to reach USD 73.46 billion by 2028 and is projected to grow at a CAGR of 8.8%, according to a new report by Grand View Research, Inc. The growth is attributed to technological advancement in patient monitoring devices as well as the increasing number of hospital admissions globally.
Key suggestions from the report:
Read 187 page research report with ToC on "Patient Monitoring Devices Market Size, Share & Trends Analysis Report By Product (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices), By End-use, By Region, And Segment Forecasts, 2021 - 2028'' at: https://www.grandviewresearch.com/industry-analysis/patient-monitoring-devices-market
The COVID-19 has increased the demand for monitoring devices at home and reduced frequent visits to hospitals. The situation has also changed consumer behavior, purchasing, and demand pattern. The COVID-19 pandemic has brought into sharp focus the need to harness & leverage digital infrastructure for remote patient monitoring. Besides, the combination of remote patient monitoring & telehealth is likely to improve the delivery of at-home healthcare.
Supporting initiatives by the private & public sectors to help COVID-19 patients globally is also driving the patient monitoring devices market growth. For instance, the World Health Organization in February 2021 , has distributed 30,000 oxygen concentrations globally. Also, Invacare Corporation witnessed 72.2% sales of respiratory products in the fourth quarter of 2020.
Besides, there has been an increase in the prevalence of chronic diseases such as cancer, diabetes, and hypertension across the globe. According to the Centers for Disease Control and Prevention (CDC), over 100 million people have hypertension in the U.S. this further increased risk of heart disease. A growing number of such disorders globally leads to an increase in the demand for patient monitoring devices.
Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:
List of Key Players of Patient Monitoring Devices Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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