Patient Monitoring Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2029

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Patient Monitoring Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2029

Status : May, 2021 | Medical Devices

Report Digest


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.

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:

  • Medtronic plc
  • Nihon Kohden Corporation
  • Welch Allyn, Inc.
  • Koninklijke Philips N.V.
  • Roche Holding AG
  • Omron Corporation

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:

Product

  • SpO2 Sensors
  • BP Cuffs
  • NMT Sensors
  • Temperature Sensors
  • CO2 Absorbers
  • ECG Leadwires

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?