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Patient Care Monitoring Devices Market Trends

  • Report ID: 3279
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Patient Care Monitoring Devices Market Trends

Growth Drivers

  • Rising Adoption of Remote Patient Monitoring Devices
  • Increasing Geriatric Population in the World

Challenges

  • High Cost and Limed Awareness about the Devices

Patient Monitoring Devices Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7.8%

Base Year Market Size (2023)

USD 54.06 billion

Forecast Year Market Size (2036)

USD 143.52 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 3279
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising adoption of remote patient care monitoring devices and increasing elderly population are the key factors driving market growth.

The market is anticipated to attain a 5.5% CAGR over the forecast period, i.e., 2022-2030.

High cost of the devices is estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing ageing population and rising disease prevalence.

The major players dominating the Patient Care Monitoring Devices market are Abbott Laboratories, Medtronic Plc, Masimo Corporation, OMRON Corporation, Boston Scientific Corporation, and others.
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