The global patient monitoring accessories market are Medtronic, BIOTRONIK, F. GE Healthcare Ltd., Hoffmann-La Roche Ltd., Masimo, Omron Healthcare, Inc., Abbott., Johnson & Johnson Services, Inc., Koninklijke Philips N.V., BD., and Boston Scientific Corporation.
Growing incidences of chronic diseases owing to lifestyle changes increase in geriatric population and rising preference for home and remote monitoring fuel the patient monitoring accessories market growth. According to the research study by World Health Organization, it is estimated that 17.9 million people died from cardiovascular diseases in 2016 globally. 85% of these deaths are due to stroke and heart attacks. Two out of three people in retirement age are anticipated to suffer from two chronic conditions according to the study by World Health Organization. Growing frequency of chronic and cardiovascular diseases is attributed to the aging society and the change in lifestyle preferences including smoking, alcohol consumption, unhealthy diet and sedentary lifestyles. WHO research reveals that total cardiovascular disease population is expected to increase in the future, if no actions are taken to inhibit the increasing chronic disease cases. According to European Commission, 70% of the health care budges are spent on chronic disease in the European region. Patient monitoring accessories can identify and detect minute differences in the patient’s physiological data, thereby promoting self-monitoring. Therefore, increasing incidents of chronic diseases and government initiatives to eliminate its growth propels the global patient monitoring accessories market growth. However, high cost of these technologies negatively impacts the market progression. The technological advancements and innovation in the devices are expected to enhance the opportunities for the market in the coming years.
By Type
- Hemodynamic Monitoring Device Accessories
- Remote Patient Monitoring Device Accessories
- Neuromonitoring Device Accessories
- Respiratory Monitoring Device Accessories
By End-User
- Hospitals & Clinics
- Ambulatory Surgical Center
- Others
This section covers patient monitoring accessories market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/patient-monitoring-accessories-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.