The population of elderly people is growing, and remote patient monitoring systems are becoming more widely used.
Utilizing Mobile Technologies and Smart Devices More Frequently for Remote Patient Monitoringĭuring the projected period, the market for patient monitoring systems in the United States is anticipated to expand significantly. When parameter values are either above or below the limit specified by doctors, some of these devices are also utilized to warn them. Additionally, these tools can assist medical practitioners in simultaneously monitoring the vital signs of many patients. These tools are frequently used during small and large procedures to track patients' physiological indicators and act if issues arise. Major hospitals, clinics, and different outpatient facilities are using pulse oximeters, capnographs, and heart monitors more often to monitor patients. All of these features are easily tracked with the use of various patient monitoring devices. It is important to constantly monitor a critically ill patient's oxygen saturation, blood pressure, temperature, pain, pulse, degree of consciousness, urine output, and breathing rate. The characteristics of a patient are tracked or continuously measured using patient monitoring devices. The market is growing on account of increased demand for devices that monitor patients coming from hospitals and clinics. The market is projected to grow at a CAGR of 6.9% during 2022-2028 (forecast period), earning revenues of around USD 21.36 billion by the end of 2028. Additionally, it is anticipated that partnerships between businesses, hospitals, and academic institutions would result in the introduction of new products, which will aid in boosting market growth and revenue.Ī recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the United States patient monitoring market was worth USD 13.48 billion in the year 2021.
The prevalence of chronic diseases including COPD, genetic disorders, respiratory illnesses, and others is also on the rise, which is boosting the market for patient monitoring systems.
#Bardy diagnostics press release drivers
The rise in the number of elderly people, the rising use of smart devices and wearables, and technical improvements are the main drivers of the United States patient monitoring system market. United States Remote Patient Monitoring Market to Proliferate in the Coming Years – Projected to Grow at a Significant Rate during 2022-2028
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