The patient monitoring devices
industry manufactures equipment for measuring vital health parameters, such as
heart rate, respiratory rate, blood pressure and body temperature. Patient
monitors, also referred to as medical monitors or physiological monitors,
typically consist of sensors, processing components, display devices and
communication links.
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The global patient monitoring
devices market has shown high growth in the past years with a CAGR of
around 7%. The year 2017 recorded highest ever market value in this industry as
per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the patient
monitoring devices market to grow at a higher CAGR by 2021 as compared
to 2017, along with geographies best suited for investments with highest return
rate.
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report at
The prevalence of chronic diseases
is increasing at a fast pace world-wide. According to a UN article, by 2030 the
proportion of global deaths due to chronic diseases is expected to increase to
70% of total deaths. The global burden of chronic disease is expected to reach
about 60%. Unhealthy lifestyles are the key factor for this expected high rise
in chronic conditions. The increasing prevalence of chronic diseases will be a
key driver for the patient monitoring devices market during the forecast
period.
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Companies included in the report are Siemens Healthineers, Medtronic Plc., Philips Healthcare, GE Healthcare
and Drägerwerk.
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