Worldwide demand for next generation patient monitoring devices is expected to increase at a robust CAGR of 8.9% from 2022 to 2032. At present, the global next generation patient monitoring devices market is valued at US$ 4.38 billion and is expected to reach US$ 10.27 billion by the end of 2032.
Next-generation patient monitoring devices are comprised of a wearable component, which includes devices with sensors and non-wearable components, such as monitoring devices. These devices are linked through wireless networks and analytical algorithms to both ends.
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|Next Generation Patient Monitoring Devices Market Size (2022E)||US$ 4.38 Billion|
|Forecasted Market Value (2032F)||US$ 10.27 Billion|
|Global Market Growth Rate (2022-2032)||8.9% CAGR|
|North America Market Share (2022)||26.3%|
|Europe Market Share (2022)||21.5%|
|Key Companies Profiled||
New companies should focus on wireless and remote patient monitoring systems, patient data processing applications & equipment, and EMR data transfer equipment to facilitate medical facilities.
- A new entrant in the medical technology industry – Grapheal – supplies advanced sensing thin films that can be used in ultra-sensitive biosensors. The firm focuses on electronic biosensors and wearables connected to IoT and mobile platforms. A portable, low-cost, and quick diagnostic test is being proposed by Grapheal, which uses an antibody-sensitized sensor in conjunction with a mobile application to provide multi-strain screening in saliva.
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