The prevalence of chronic diseases in recent years and the increase in the elderly population have prompted physicians to assess the health status of their patients every moment. Advances in technology have led to the accuracy and speed in assessing patient health factors in a way that the new generation of monitoring devices is completely reliable and trustworthy for the medical team. The market for patient monitoring devices, depending on the type of disease where they are used (hospital or portable), the variety of accuracy and measurement methods are very wide.
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Table of Contents
Market / Industry segment of patient monitoring market
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2019 | 25.76 | 8 | 4.40% | Allied market research |
| 2017 | 18.11 | 6 | 5.70% | Market and market |
| 2019 | 19.1 | 5 | 5.60% | Market data forcast |
| 2018 | 20.3 | 5 | 5.00% | Bcc research |
| 2019 | 49 | 7 | 27.90% | Grand view research |
Influencing factors that changes market size of patient monitoring
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of market for patient monitoring
Direct drivers:
- Increasing the elderly population
- Acceptance of complex patient monitoring systems
Reverse drivers:
- Equipment and maintenance costs
- Dangers of non-invasive monitoring methods
The market of patient monitoring may also be threatened by following risks:
In all different markets and industries, the risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is the identification of risks in the market in order to perform risk management. The market of the market for patient monitoring may also be threatened by the following risks:
- Manufacturing risk
- Technology risk
- Funding risk
- Sales and marketing risk
Download market of insurance technologies (2020-2025) :
