The Business Research Company’s latest report Patient Monitoring Devices Global Market Report 2020 covers Patient Monitoring Devices market drivers, Patient Monitoring Devices market trends, Patient Monitoring Devices market segments, Patient Monitoring Devices market growth rate, Patient Monitoring Devices market major players, and Patient Monitoring Devices market size. The report provides in-depth analysis of the impact of COVID-19 on the Patient Monitoring Devices industry, along with revised market numbers due to the effects of the coronavirus.
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Patient Monitoring Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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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 the 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 quick approvals and the use of temperature monitoring devices at hospitals, home and different locations where there is mass gathering, is certain to contribute to rapid growth of this market. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $18.7 billion in 2023.
The report covers the patient monitoring devices market’s segments-
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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