Market Intelligence Data has released a new report on the global Patient Monitoring and Diagnostic Systems market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Patient Monitoring and Diagnostic Systems market industry and its framework.
The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Medtronic, Nihon Kohden, Natus, Philips Healthcare, Edward Lifesciences, Omron, Masimo, GE Healthcare, Hill-Rom, Drgerwerk, Compumedics, Shenzhen Mindray Bio-Medical Electronics
The Global Patient Monitoring and Diagnostic Systems Market Size is Projected to Reach at a CAGR of 8.66% during 2021-2027.
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Recent Developments
In July 2021, Terumo Corporation launched Dexcom G6 continuous glucose monitoring system in Japan. Dexcom, Inc., based in the United States manufactures the product and Terumo holds the exclusive distribution agreement in Japan.
In January 2021, Boston Scientific Corporation agreed to acquire Preventice Solutions, Inc., a privately held company offering remote and wearable cardiac monitors for adults and pediatric patients. The acquisition will establish a strong footprint of Boston Scientific Corporation in the implantable cardiac monitor market.
Covid-19 Impact and Recovery Analysis:
The number one goal of this Patient Monitoring and Diagnostic Systems Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Patient Monitoring and Diagnostic Systems market document.
Patient Monitoring and Diagnostic Systems market Segmentation By Type:
Hospitals
Home Care
Patient Monitoring and Diagnostic Systems market Segmentation By Application:
Blood Pressure Monitors
Pulse Monitors
Temperature Monitors
ECG/EKG
Ultrasound
Anesthesia Monitors
Cardiovascular Disease Monitors
Cancer Treatment Monitors
Diabetes Monitors
Others
Regional Analysis:
North America Region Holds the Largest Market Share of the Patient Monitoring Market
The North American patient monitoring market dominated the global market, and it is estimated to show a similar trend during the forecast period. The increasing geriatric population, rising incidences of chronic diseases, growing demand for wireless and portable systems, and the presence of sophisticated reimbursement structures aiming toward cutting out-of-pocket expenditure levels are the major factors attributing to its large market share.
In recent times, North American countries face the huge threat of coronavirus, and thus, patient monitoring has become crucial at stopping the adverse effects of the virus. According to an article published by the Center for Disease Control and Prevention in Feb-2020, 19% of patients who contracted COVID-19 had conditions severe enough to require hospitalization. Thus, the COVID-19 pandemic has unsurprisingly escalated the demand for patient monitoring devices.
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Key Market Trends
The Cardiology Application Segment is Expected to Grow Fastest Over the Forecast Period
In cardiology, patient monitoring devices are used to diagnose and monitor various disorders or abnormalities of the heart and the overall cardiovascular system. The major factor driving the growth of the market is the rising incidence and prevalence of cardiovascular diseases, as this increases the adoption of these devices in cardiac monitoring. According to the American Heart Association Research Report 2019, about 92.1 million American adults were living with some form of cardiovascular disease or the after-effects of stroke.
Amid pandemic, the virus poses a particular risk to people who have underlying medical conditions, including cardiovascular disease and hypertension. In 2020, the World Health Foundation, a study was conducted in JAMA Cardiology among 100 COVID-19 patients, whereas 60 showed some signs of cardiovascular disorders. In 2020, doctors at Edinburgh University examined echocardiograms from more than 1,200 COVID-19 patients across 69 countries and found cardiac problems in 55%, with 1 in 7 exhibiting signs of severe abnormalities. This led hospitals to implement a patient monitoring system to keep track of a patient’s health, thereby positively influencing the verticle growth.
Significant Features and Key Highlights of the Reports:
– Detailed overview of Patient Monitoring and Diagnostic Systems Market
– Changing market dynamics of the industry
– In-depth Patient Monitoring and Diagnostic Systems market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Patient Monitoring and Diagnostic Systems Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
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The report gives answers to the following:
- What strategies are followed by key players to fight this Covid-19 situation?
- What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
- Which are the leading market players in the Patient Monitoring and Diagnostic Systems industry?
- What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
- What could be the anticipated value of the Patient Monitoring and Diagnostic Systems marketplace in the during the forecast period?
- Impact of COVID-19:
The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Patient Monitoring and Diagnostic Systems market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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