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Patient Monitoring Devices Market 2020 Disclosing Latest Trends and Advancement Outlook 2030; Koninklijke Philips N.V. (NYSE:PHG); Medtronic PLC(NYSE:MDT); OMRON Corporation (OTC:OMRNY)

By: X herald

MarketInsightsReport has published a report titled Global Patient Monitoring Devices Market research report 2020 that is a detailed observation of several aspects, including the rate of growth, technological advances, and different methodologies implemented by the primary current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The global patient monitoring devices market is expected to grow from $13.8 billion in 2019 to $14.8 billion in 2020 at a compound annual growth rate (CAGR) of 7.4%. The growth can be contributed to the expanded use of certain remote monitoring devices such as temperature monitoring devices for patient monitoring during COVID-19 pandemic. FDA has given clearance to some of the noninvasive remote monitoring devices (including body temperature monitors, continuous glucose monitors) that are used to support patient monitoring, considering public health emergency, without prior submission of a premarket notification. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $18.7 billion in 2023.

Top Companies in the global Patient Monitoring Devices Market are
Koninklijke Philips N.V. (NYSE:PHG); GE healthcare; Medtronic PLC(NYSE:MDT); OMRON Corporation (OTC:OMRNY); Masimo Corporation (NASDAQ:MASI); and Others.

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North America was the largest region in the global patient monitoring devices market, accounting for 34% of the market in 2019. Western Europe was the second largest region accounting for 28% of the global patient monitoring devices market. Africa was the smallest region in the global patient monitoring devices market.
Internet of Things (IoT) is increasingly being adopted in the healthcare industry for the manufacturing of remote patient monitoring devices. An IoT based patient health monitoring system effectively uses the internet to track a patient’s health condition with the help of sensor systems that are implanted or embedded into the skin and enabled with wireless communication. They transmit patient’s physiological parameters via cloud-based platforms aiding healthcare professionals to remotely measure the patient’s condition. The increased use of mobile technologies and smart devices by health experts pushed the development of IoT enabled remote patient monitoring devices.

The patient monitoring devices market consists of the sales of patient monitoring devices and related services by entities (organizations, sole traders and partnerships) that manufacture patient monitoring devices used for monitoring vital health parameters. This industry includes establishments that manufacture fetal and neonatal monitoring devices used to monitor heart rates in neonates and pregnant mothers, body weight and temperature monitoring devices, vital parameter monitoring devices used during surgeries, and remote patient monitoring devices.

Markets Covered:
1) By Type: Fetal And Neonatal Monitoring Devices; Weight Monitoring And Body Temperature Monitoring Devices And Equipment; Vital Parameter Monitoring Devices And Equipment; Remote Patient Monitoring Devices And Equipment
2) By End User: Hospitals And Clinics; Diagnostic Laboratories; Others
3) By Type of Expenditure: Public; Private
4) By Product: Instruments/Equipment; Disposables
Subsegments Covered: Fetal Monitoring Devices; Neonatal Monitoring Devices; Temperature Monitoring Devices; Weight Monitoring Devices; Cardiac Monitoring Devices; Neuromonitoring Devices; Respiratory Monitoring Devices; Hemodynamic Monitoring Devices; Multiparameter Monitoring Devices; Cardiac Monitors; Respiratory Monitors; Hematological Monitors; Vital Parameter Monitors And Others

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Regions covered By Patient Monitoring Devices Market Report 2020 To 2030 are
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Effect of the Patient Monitoring Devices market report is
– A comprehensive evaluation of all opportunities and risks in the market.
– Patient Monitoring Devices market current developments and significant occasions.
– A deep study of business techniques for the development of the market-driving players.
– Conclusive study about the improvement plot of the market for approaching years.
– Top to the bottom approach of market-express drivers, targets, and major littler scale markets.
– Favorable impressions inside imperative mechanical and publicize the latest examples striking the market.

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