Patient monitoring equipment market to grow by USD 20.39B from 2022-27

The patient monitoring equipment market size is expected to grow by USD 20.39 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 8.48% during the forecast period, according to Technavio Research. The market is segmented based on End-user (Hospitals, Clinics, and Ambulatory care services), Type (Bed-side patient monitoring equipment and Remote patient monitoring equipment), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America is estimated to account for 44% of the market growth. Some of the key factors significantly contributing to the growth of the patient monitoring equipment market in North America are the technological innovations and the increasing geriatric population. The advanced healthcare infrastructure and the early adoption of cutting-edge medical technologies are also significantly contributing to the market growth in the region.

Company profile:
Abbott Laboratories, Analog Devices Inc., BIOTRONIK SE and Co. KG, Contec Medical Systems Co. Ltd., Dexcom Inc., Dragerwerk AG and Co. KGaA, F. Hoffmann La Roche Ltd., Fortive Corp., General Electric Co., Johnson and Johnson Services Inc., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd., Nihon Kohden Corp., OMRON Corp., Siemens AG, Smiths Group Plc, Compumedics Ltd., Natus Medical Inc.

Abbott Laboratories: The company offers patient monitoring equipment such as the Freestyle Libre continuous glucose monitoring system, which provides real-time glucose readings without the need for finger pricks. Technavio