Patient Monitoring Devices Market to Reach Value around USD 28.7 Billion by 2026 - Zion Market Research

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Zion Market Research has published a new report titled "Patient Monitoring Devices Market by Product(Cardiac monitoring devices, Neuromonitoring devices, Respiratory monitoring devices, Anesthesia monitor, Hemodynamic monitoring devices, Fetal and neonatal monitoring, Multiparameter monitoring devices, and Other); by Type (Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, and others); By End use (Hospitals, Ambulatory surgical centers, Homecare settings, and  Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026". According to the report, global demand for Patient Monitoring Devices market was valued at approximately USD 20.1 billion in 2019, and is expected to generate revenue of around USD 28.7 billion by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026.

Patient monitoring devices, calculate, transmit, record and view combinations of biometric values which include temperature, blood pressure and heart rate. To minimize complexity the bedside and transportation monitors, central station and mobile applications provide graphical consistence. Advanced supporting tools for clinical decision making and smart alarms effort together to identify and alert caregivers to critical events as early as possible. The integrated system catches a constant flow of medical data from monitors and medical devices, securely feeding it to emergency medical record (EMR). The process allows patient records from admission to discharge, even during transportation.

Digital innovations that control patient monitoring systems have significantly affected the operational costs over the last few years. Many home monitoring devices like DexCom, Mitra, and Riverfield are specifically designed for collecting samples at home, making it much easier and more cost-effective for the paitents.There are also other remote Patient monitoring devices which includes voice app reminding diabetes patient about the time to take insulin, which also allows the doctor to monitor the disease of the patient. It also facilitate the patients to remotely send their blood pressure and pulse value to their doctors.