{"id":47302,"date":"2022-08-15T19:01:53","date_gmt":"2022-08-15T17:01:53","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/global-patient-monitoring-equipment-market-medsuite-report-2022-2028-researchandmarkets-com\/"},"modified":"2022-08-15T19:01:53","modified_gmt":"2022-08-15T17:01:53","slug":"global-patient-monitoring-equipment-market-medsuite-report-2022-2028-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/global-patient-monitoring-equipment-market-medsuite-report-2022-2028-researchandmarkets-com\/","title":{"rendered":"Global Patient Monitoring Equipment Market MedSuite Report 2022-2028 – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Patient Monitoring Equipment Market Report Suite – Global – 2022-2028 – MedSuite”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nIn 2021, the global patient monitoring market size reached an approximate value of $9.8 billion, with the wireless ambulatory telemetry market showing the fastest growth and demand.\n<\/p>\n

\nIn spite of the COVID-19 pandemic, the global market size is projected to increase over the forecasted period and exceed $12.3 billion in 2028. At this time, the majority of the global market share within the global patient monitoring industry is controlled by two main competitors – Philips Healthcare, and GE Healthcare.\n<\/p>\n

\nGlobally, there is an amplified awareness among both physicians and patients as to the benefits of monitoring in a wide selection of areas, including continual monitoring both in hospital as well as in the home. This is not only driving demand for current devices, but also motivating innovation in the market across multiple segments. As devices continue to lower their costs and improve their array of features, the healthcare population will be more motivated to act on this awareness to purchase new devices.\n<\/p>\n

\nPatient monitoring is a relatively long-standing component of healthcare being offered in most regions around the world and, as such, certain markets have begun to saturate in terms of the installations of monitoring devices.\n<\/p>\n

\nAlthough somewhat buffered by technological advancements, the market for many patient monitoring devices is already saturated in certain key regions, such as North America and Western Europe. This market characteristic constrains the growth of the market, limiting the majority of sales to replacement sales.\n<\/p>\n

\nHOW HAS COVID-19 IMPACTED THE GLOBAL PATIENT MONITORING EQUIPMENT MARKET?<\/strong>\n<\/p>\n

\nThe effect of the pandemic on the global patient monitoring equipment market has varied depending on the segment. Many of the key market segments, including multi-parameter vitals sign monitoring, wireless ambulatory telemetry monitoring, pulse oximetry monitoring and blood pressure monitoring experienced an encouraging increase in total market value due to the COVID-19 pandemic.\n<\/p>\n

\nDespite overall declines to most procedural volumes internationally, monitoring of key patient vitals became increasingly important as the pandemic developed. This significantly increased the demand for various monitoring devices, particularly in regions with historically low saturation rates.\n<\/p>\n

\nGLOBAL PATIENT MONITORING EQUIPMENT MARKET SHARE INSIGHTS<\/strong>\n<\/p>\n

\nOverall, there are two major companies who lead and dominate the global patient monitoring equipment markets – Philips Healthcare, and GE Healthcare.\n<\/p>\n

\nPhilips Healthcare was the leading competitor in the global patient monitoring equipment market; While Philips led a number of notable segments, including multi-parameter vital signs monitoring, wireless ambulatory telemetry monitoring and fetal and neonatal monitoring. Philips has a globally recognized brand that allows the company to leverage into a strong market position in multiple regional markets.\n<\/p>\n

\nMARKET SEGMENTATION SUMMARY<\/strong>\n<\/p>\n