The Global Wireless Patient Monitoring Market: The driving factors influencing the global wireless patient monitoring market includes increasing technological advancements in smartphones and wireless devices.

Published Date: 12/05/2021

Global Wireless Patient Monitoring Market Expected to Project 22.9% CAGR
The Global Wireless Patient Monitoring Market was valued at USD 47.4 billion is expected to reach a valuation at USD 200.9 billion by 2027 and is expected to grow with a CAGR of 22.9% over the forecast period. The driving factors influencing the global wireless patient monitoring market includes increasing technological advancements in smartphones and wireless devices in patients care, introducing remote patient monitoring systems, mobile personal digital assistant (PDA) systems, ambulatory event monitors, ambulatory wireless EEG recorders, and mobile cardiac telemetry devices.

With the use of modern devices including mobile PDA systems the real-time transmission of data offers constant outpatient EKG monitoring for periods ranging up to several weeks. The global wireless patient monitoring market is estimated to gain maximum popularity owing to the increase in remote and wireless patient monitoring devices and advanced technologies used for core monitoring such as ambulatory wireless EEG records to identify epileptiform activity of the patient from home. Remote patient monitoring devices help enhance patient care delivery and bring improvements in patient outcomes for conditions that require regular monitoring in hospital or non-hospital settings.

Due to the advanced features and facilities, the demand for the global wireless patient monitoring market is estimated to project tremendous growth over the forecast period. Moreover, resulting in the growing prevalence of breathing diseases, heart, and neuro has leveraged the vendors of the global wireless patient monitoring market to refine remote neurological, cardiovascular, and respiratory monitoring devices.

The global wireless patient monitoring market is categorized into several segmentations including product overview, end user overview, and regions. Based on the product overview, the global wireless patient monitoring market is fragmented into Hemodynamic Monitoring Devices, Blood Glucose, Cholesterol, Blood Gas & Electrolyte Analyzers/Monitors, Blood Pressure, Neuromonitoring Devices, Electroencephalograph (EEG) Devices, Magnetoencephalography (MEG) Devices, Intracranial Pressure Monitors (ICP), Transcranial Dopplers (TCD), Cerebral Oximeters, Cardiac Monitoring Devices, Electrocardiogram (ECG) Devices, Implantable Loop Recorders (ILR), Cardiac Output Monitoring (COM) Devices, Event Monitors, Fetal & Neonatal Monitoring Devices, Ultrasound, Electronic Fetal Monitoring Devices, Fetal Doppler Monitoring Devices, Other Fetal & Neonatal Monitoring Devices, Respiratory Monitoring Devices, Capnographs, Anesthesia Monitors, Spirometers, Pulse Oximeters, Sleep Apnea Monitoring Devices, Multiparameter Monitoring Devices, High Acuity, Mid Acuity, Low Acuity, Remote Patient Monitoring Devices, Weight Monitoring Devices, Temperature Monitoring Devices, Urine Output Monitoring Devices. Based on the product type overview, the global wireless patient monitoring market is segregated into Hospitals & Clinics, Home Settings and Ambulatory Surgical Centers (ASC). The product type segment is about to project faster growth along with tremendous popularity in the market owing to introducing remote patient monitoring systems, mobile personal digital assistant (PDA) systems, ambulatory event monitors, ambulatory wireless EEG recorders, and mobile cardiac telemetry devices. This boosts the demand for the global wireless patient monitoring market with tremendous growth over the forecast period.

Based on region, the global wireless patient monitoring market is widespread to the Middle East and Africa, Egypt, Saudi Arabia, Canada, South Africa, Asia Pacific, Argentina, Mexico, Korea, India, France, Turkey, Nigeria, UAE, Europe, Japan, China, UK, Russia, South America, Brazil, Italy, North America, Southeast Asia, Germany, USA, and Columbia.

North America is anticipated to hold the largest market size in the global anti depression market, followed by Europe. This is due to the increasing presence of key vendors in the region. Furthermore, Europe is expected to hold the highest market size in the market resulting in GDPR compliance. Due to the increasing technological advancement in Asia Pacific region, the factors influencing the wireless patient monitoring market include increasing technological advancements in smartphones and wireless devices in patients care, introducing remote patient monitoring systems, mobile personal digital assistant (PDA) systems, ambulatory event monitors, ambulatory wireless EEG recorders, and mobile cardiac telemetry devices.

In terms of market players, the global wireless patient monitoring market is competitive and fragmented with the presence of various kinds of different vendors including Nihon Kohden, Natus Medical, Koninklijke Philips N.V., Edward Lifesciences, Omron, Masimo, GE Healthcare, Hill-Rom Holdings, Dr├Ągerwerk AG, Compumedics, Shenzhen Mindray Bio-Medical Electronics.