The global patient monitoring device market is growing at significant rate, due to mounting occurrence chronic and lifestyle associated diseases and boosting demand of patient monitoring in remote and non-hospital settings. Different product contributed to the patient monitoring device market size. The cardiovascular device market has witnessed high demand for ECG devices in the coming years due to mounting occurrence of cardiovascular diseases and advancement of technologically innovative devices.
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Accessibility of wireless monitoring device and mounting occurrence of chronic and lifestyle associated diseases are the primary growth drivers for patient monitoring device market.
Boosting demand of patient monitoring in remote and non-hospital settings, expanding geriatric population, mounting public health alertness and mounting healthcare expenditure are also facilitating the growth for the patient monitoring device market.
North America is the largest patient monitoring device market as in the region the occurrence of chronic and lifestyle associated diseases is increasing.
Asia is observed to witness the fastest growth in the patient monitoring device market, due to mounting healthcare expenditure.
Key players in the patient monitoring device market are catering to the demand of these devices by investing on technologically advanced products in their product portfolio across the globe.
Medtronic PLC, Edward Lifesciences, Natus Medical, Masimo, Koninklijke Philips N.V., Nihon Kohden, Hill-Rom Holdings, Drägerwerk AG, Omron and GE Healthcare are the key players offering patient monitoring device.
Source: VynZ Research