The Patient Monitors Market is segmented, By Product (Software & Services, Devices), By Application (Cancer, Cardiovascular Diseases, Bronchitis, Diabetes, Infections, Others), By End User (Hospital Based Patients, Ambulatory Patients, Home Healthcare), and By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

What are patient monitors?

Patient monitors are monitoring devices that continuously monitor the patient’s vital parameters, like blood pressure and heart rates, by employing a medical monitor and collecting medical (and other) data from individuals. Patient monitoring systems are widely accustomed record, measure, distribute and display combinations of biometric values like blood oxygen saturation levels (SPO2), heart rate, blood pressure, and temperature.

Segment Analysis

By End-User Type

The market has been divided into hospital-based patients, ambulatory patients, and home healthcare. The hospital-based patient’s segment accounted for a revenue share of nearly 50.1% in 2021. The segment growth can be attributed to the prevalence of many patients in the hospitals. The home healthcare segment is projected to register the fastest CAGR due to the increasing number of people interacting with the doctors at home coupled with convenience, availability of skilled staff, and cost-efficiency.

By Region

The North American market accounted for a revenue share of nearly 42% in 2021 and is expected to grow at a substantial CAGR in the following years due to the increasing prevalence of chronic diseases, expanding geriatric populace, and high demand for low-cost healthcare treatment. The market in the Asia-Pacific region is projected to register a healthy growth rate on account of the rising in the number of people suffering from chronic diseases and the increasing adoption of digitally advanced solutions.

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