Increasing technological advancements in monitoring an array of diseases is a key factor driving market revenue growth
The global patient monitoring devices market size reached USD 47 Billion in 2021 and is expected to register a revenue CAGR of 7.8% during the forecast period, according to the latest analysis by Emergen Research. One of the main factors driving revenue growth of the market is significant developments in biomedical devices and replacement of conventional methods due to creation of better patient monitoring facilities. Increasing use of wearable and remote patient monitoring devices is another factor driving revenue growth of the market.
The Global Patient Monitoring Devices Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Patient Monitoring Devices market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.
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Competitive Terrain:
The global Patient Monitoring Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Bosch GmbH, Biotronik, Intel Corporation, Welch Allyn, Health anywhere Inc., Koninklijke Philips N.V., GE Healthcare, Medtronic plc, MASIMO CORPORATION, and Smiths Medical
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Radical Highlights of the Patient Monitoring Devices Market Report:
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