The Global Patient Monitoring Accessories Market is expected to grow at a CAGR of 6.30% during the forecasting period (2022-2029).
In 2015, the patient monitoring accessories market in the US was valued at around USD 820 million and is expected to grow to over USD 1.1 billion by the year 2022.
Patient monitoring accessories are used along with patient monitoring devices to measure various vital signs of the patients.
The Global Patient Monitoring Accessories market is growing at a significant rate.
The Patient Monitoring Accessories market is expected to grow due to the continuous increase in the number of patients suffering from chronic diseases such as cardiovascular disease and diabetes.
Reduction in-clinic visit time and associated hospital healthcare costs is another significant factor contributing to market growth.
However, concern regarding security and privacy issues related to health data is a major barrier to market growth.
Global Patient Monitoring Accessories market report segments the market by type, end-user, and region.
Based on product type, the market is divided into Blood Glucose Testing Supplies, Electrodes-Sensors & Catheters, and Others.
Based on end-user, the market is segmented into hospitals, Physician Clinics, Outpatient facilities, and home healthcare.
Regionally, the market is segmented into five major regions, namely North America, South America, Europe, Asia PacificandRoW.
North America dominates the global market due to an evolved healthcare system.
The report also profiles the following companies of Patient Monitoring Accessories market – 3M Health Care Ltd., Medtronic plc, Philips Healthcare, GE Healthcare Limited, Ambu A/S, ConMed Corporation, Nihon Kohden Corporation, Omron Healthcare Co., Ltd., and Welch Allyn Inc.
• Blood Glucose Testing Supplies
• Electrodes-Sensors & Catheters
• Physician Clinic
• Outpatient facilities
• Home healthcare
• Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific)
• Europe (Germany, France, The UK, Italy, Spain, Rest of Europe)
• North America (The USA, Canada, Mexico)
• South America (Brazil, Argentina, Rest of South America)
• Rest of the World
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