Innovations in Wearable Health monitors, Mobile Health Apps, and Predictive Analytics Driving Market for Patient Monitoring Devices and Accessories
Industry Experts, Inc., has released the latest report on Patient Monitoring Devices and Accessories . The new report reveals that the global Patient Monitoring Devices and Accessories market is estimated at US$63.4 billion in 2024 and is projected to grow to US$102.3 billion by 2030, with a CAGR of 8.3% during the forecast period 2024-2030. The patient monitoring devices and accessories market is driven primarily by the high prevalence of chronic diseases, such as diabetes, cardiovascular conditions, and respiratory disorders, primarily among the older population. Since these diseases continuously progress and do not offer patients a long lifespan, there is a continuous necessity for constant follow-up, enhancing patient care, and outcome improvements. Advances in technology, involving AI and IoT, have improved the functionality of monitoring devices, thereby furthering the capabilities in early detection and treatment. The growing availability of portable, easy-to-use d...