North America Accounts for 26.3% Share of the Global Next Generation Patient Monitoring Devices Market
Worldwide demand for next generation patient monitoring devices is expected to increase at a robust CAGR of 8.9% from 2022 to 2032. At present, the global next generation patient monitoring devices market is valued at US$ 4.38 billion and is expected to reach US$ 10.27 billion by the end of 2032.
Next-generation patient monitoring devices are comprised of a wearable component, which includes devices with sensors and non-wearable components, such as monitoring devices. These devices are linked through wireless networks and analytical algorithms to both ends.
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Key Takeaways from Market Study
- North America accounts for 26.3% share of the global next generation patient monitoring devices market.
- With 21.5% market share, Europe is the second-largest regional next generation patient monitoring devices market.
- APEJ represents a significant share in the next generation of patient monitoring devices market for the forecast period owing to the rise in chronic disease and improvement in healthcare facilities.
- Japan also have a significant market share owing to the high geriatric population as well as available government support.
- Sales of next generation patient monitoring devices in hospitals are expected to rise at the highest CAGR over the forecast period.
The report aims to provide an overview with detailed segmentation by type, application, end use and geography. The global is expected to witness high growth during the forecast period.
A survey offers detailed analysis on key growth drivers of Next Generation Patient Monitoring Devices Market trends accelerating Next Generation Patient Monitoring Devices Market sales globally. The survey also gives detailed analysis on the competitive landscape of Next Generation Patient Monitoring Devices Market identifying key players and analyzing the impact of their growth strategies.
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Competitive Landscape
Next generation patient monitoring device manufacturers are involved in the continuous advancement of their manufacturing technologies to develop innovative solutions with a focus on more precise and low-cost devices.
Next generation patient monitoring device providers are also collaborating with healthcare professionals and various organizations for network building to increase their sales potential.
For instance :
- In 2020, Royal Philips, a global leader in health technology, launched next-generation wearable biosensors for early patient deterioration detection. This is helping clinicians detect risks so that they can intervene earlier and help in improving patients’ health in lower acuity care areas.
Key Companies Profiled:
- Boston Scientific Corporation
- Nihon Kohden Corporation
- Koninklijke Philips N.V.
- F. Hoffmann-La Roche Ltd.
- Medtronic
- Abbott
- eDevice
- Isansys Lifecare Ltd.
- Zywie Inc.
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Key Questions Covered in the Next Generation Patient Monitoring Devices Market Report
- What is the projected value of the Next Generation Patient Monitoring Devices factors Industry in 2022?
- At what rate will the global Next Generation Patient Monitoring Devices factors market size grow until 2032?
- Which are the factors hampering the growth of Next Generation Patient Monitoring Devices factors?
- Which region is expected to lead in the global Next Generation Patient Monitoring Devices factors market By 2032?
- Which are the factors driving the Next Generation Patient Monitoring Devices factors Industry during the forecast period?
- What is the expected market value of the Next Generation Patient Monitoring Devices factors market during the forecast period?
Regional Analysis For Next Generation Patient Monitoring Devices Market:
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, United Arab Emirates, South Africa)
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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.
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