Global Patient Monitoring Accessories Market: Overview
Patient monitoring accessories refer to those devices that are utilized independently or it works with patient monitoring medical devices so as to offer timely and efficacious treatment. Such accessories comprise ECG leadwires, CO2 absorbers/Amsorb filters, temperature sensors, neuromuscular transmission sensors, brain monitoring system sensors, blood pressure cuffs, and SpO2 sensors. All of these devices play a role in the analysis and collection of vital signs of a patient. High prevalence and burden of chronic illnesses, advent of technologically progressive monitoring accessories, and growing demand for 24 hours monitoring service are all likely to widen scope of the development of the global patient monitoring accessories market over the timeframe of analysis, from 2019 to 2029.
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Product, and region are the two significant parameters based on which the global patient monitoring accessories market has been categorized. The main purpose of such segmentation is to offer a lucid and detailed view of the said market.
Global Patient Monitoring Accessories Market: Notable Developments
The global patient monitoring accessories market has seen some important developments over the last few years. One such development that played an important role in shaping the future course of the market is mentioned below:
In June 2019, US-based Medtronic plc. made an announcement about initiation of its pivotal trial for Guardian continuous glucose monitoring sensor, a next-generation technology that is estimated to bring improvement and more efficaciousness in glucose monitoring. The company is also expected to successfully expand its product portfolio with this.
Some of the key players in the global patient monitoring accessories market comprise the below-mentioned:
Nihon Kohden Corporation
Welch Allyn, Inc.
Koninklijke Philips N.V.
Roche Holding AG
Global Patient Monitoring Accessories Market: Key Trends
The below-mentioned market dynamics are estimated to characterize the global patient monitoring accessories market over the assessment period, from 2019 to 2027.
High Prevalence of Chronic Diseases to Support Demand for these Accessories in the Market
Increased prevalence of chronic diseases is likely to emerge as one of the leading factors driving the development of the global patient monitoring accessories market over the timeframe of analysis, from 2019 to 2027. Various types of cardiovascular diseases, such as heart failure, stroke, ischemic heart disease, comprise most of the mortalities across the globe. These diseases have also made the quality of life worse. World Health Organization (WHO) has designated cardiovascular disease as one of the leading causes of disability and death.
Chronic conditions like this have come up as one of the leading concerns of public health and require regulated as well as quick mode of treatment. Types of neurological diseases have been progressive and need round the clock monitoring. In the US, over one million adults are diagnosed with chronic brain disorder or disease. Riding on the back of these factors, the global patient monitoring accessories market is likely to observe high growth over the period of projection, from 2019 to 2027.
Global Patient Monitoring Accessories Market: Geographical Analysis
Considering regional segmentation, North America is likely to dominate the global patient monitoring accessories market throughout the timeframe of assessment. Both in terms of revenue and market share, the region is likely to remain one of the largest during the forecast period. Presence of highly advanced healthcare infrastructure together with high prevalence of chronic diseases is likely to propel growth of the region in the years to come.
The global patient monitoring accessories market is segmented as:
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