- Patient monitoring devices/systems/equipment are essential tools used for continuous monitoring of a patient's vital signs during surgical procedures, ICU stays, and remote healthcare settings. These devices enable healthcare providers to track real-time metrics such as heart rate, oxygen levels, blood pressure, and respiratory rate, improving patient outcomes, facilitating early detection of complications, and ensuring optimal treatment interventions
- The growing demand for patient monitoring devices/systems/equipment is primarily driven by the increasing prevalence of chronic diseases, the rising geriatric population, advancements in wearable technology, and the need for remote patient monitoring solutions
- North America is expected to dominate the patient monitoring device/system/equipment market with the largest market share of 42.54%, attributed to its advanced healthcare infrastructure, widespread adoption of wireless and portable monitoring technologies, and strong market presence of key industry players such as GE HealthCare and Medtronic
- Asia-Pacific is expected to witness the highest growth rate in the patient monitoring device/system/equipment market during the forecast period, driven by rapid healthcare infrastructure improvements, increasing investments in healthcare facilities, and the growing burden of chronic diseases
- The multi parameter segment is expected to dominate the patient monitoring device/system/equipment market with the largest market share of 23.69%, due to benefits offered by multi-parameter monitors, such as battery operation, low cost, and highly integrated silicon systems that combine multiple parameters into a compact, energy-efficient solution
