Market Leader - Patient Monitoring Devices Market
The patient monitoring devices market is projected to reach USD 55.1 billion by 2025 from USD 36.4 billion in 2020, at a CAGR of 8.6% during the forecast period. Growth in this market is primarily driven by the rising incidence of chronic and lifestyle diseases such as CVD, COPD, diabetes; technological advancements towards the development of wearable patient monitoring technologies; increased funding, research grants, and public-private investments; growing government initiatives to improve healthcare infrastructure of hospitals; and the emergence of user-centric patient monitoring devices. However, the risk associated with invasive monitoring devices is expected to limit market growth in the coming years. Complex regulatory frameworks that delay the approval of new patient monitoring devices are also expected to challenge market growth to a certain extent. The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2017–2020 to ...