A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Physiological Monitors Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global Physiological Monitors Market Definition:
Physiological monitors are medical devices used for continuously or intermittently measuring and displaying various vital signs & physiological parameters of a patient. These devices find application in different medical disciplines, including cardiology, neurology, respiratory care, fetal & neonatal health, and even weight management, and are widely adopted by hospitals, clinics, & ambulatory surgical centers, where they help enhance patient care & safety during medical procedures.
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Global Physiological Monitors Market Insights:
The Global Physiological Monitors Market size was valued at USD 41.11 Billion in 2022 and is projected to grow at a CAGR of around 6.87% during the forecast period, i.e., 2023-28.
Global Physiological Monitors Market Driver:
Growing Incidence of Chronic Diseases Worldwide: With the rise in aging populations and the growing prevalence of sedentary lifestyles, chronic conditions have become major public health concerns, especially after the covid-19 pandemic. According to the World Health Organization (WHO), chronic conditions like cardiovascular diseases, cancer, diabetes, & respiratory illnesses will contribute to 86 percent of the estimated 90 million annual deaths by 2050. This projection indicates a remarkable 90 percent increase in absolute numbers since 2019, emphasizing the need for effective preventive measures, early detection, & improved management strategies. As the prevalence of chronic diseases continues to surge, physiology monitors will become even more crucial in providing personalized & proactive healthcare solutions and, in turn, drive the global physiology monitors market during the forecast period.
Global Physiological Monitors Market Leading Key Players:
Honeywell International Inc., A&D Company Limited, Panasonic Holdings Corporation, Boston Scientific Corporation, Abbott Laboratories, Medtronic Plc, General Electric, OMRON Healthcare Co., Ltd, Koninklijke Philips N.V.
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Global Physiological Monitors Market Segmentation:
Based on Product
- Hemodynamic Monitoring Devices
- Neuromonitoring Devices
- Cardiac Monitoring Devices
- Fetal and Neonatal Monitoring Devices
- Respiratory Monitoring Devices
Based on Application
- Cardiology
- Neurology
- Respiratory
- Fetal and Neonatal
- Weight Management
Based on End User
- Hospitals and Clinics
- Home Settings
- Ambulatory Surgical Centers
- Others
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Global Physiological Monitors Market Geographical Analysis
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Recent Development of Global Physiological Monitors Market:
In May 2023, Abbott, headquartered in Abbott Park, Illinois, declared that its Assert-IQ™ insertable cardiac monitor (ICM) had been granted clearance by the U.S. Food and Drug Administration (FDA), giving physicians a renewed choice for diagnosing and continuously monitoring individuals with irregular heartbeats. This approval expands Abbott's range of connected health devices, enabling doctors to remotely handle & care for their patients.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
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