Patient monitoring devices are devices that are used to collect and display physiological data. These devices are used to monitor various types of data, such as cardiac, respiratory, and others. Common types of cardiac monitoring systems include Holter Monitor, event recorders, mobile cardiac telemetry, and insertable cardiac monitors. Patient monitoring devices support patient monitoring of vital signs (heart rate, blood pressure, and others) without visiting a medical practitioner. These devices are used to monitor patients, gather medical data, and securely pass the data to healthcare providers at other locations for clinical review. The patient monitoring devices helps to control patient healthcare expenditure by reducing hospital stays, encouraging patients to shift to self-care, and avoiding hospital readmissions, with reliable diagnoses. These patient monitoring devices allow real-time sharing that allows physicians to take vital decisions to ensure efficient treatment for various physiological parameters. These devices also increase patient engagement and allow patients to manage and understand their own health conditions.
Market Dynamics
Increase in government and non-government organizations initiatives, such as spreading awareness regarding remote patient monitoring. In addition, the rising prevalence of various types of chronic diseases is expected to drive market growth. Moreover, increasing use of technologically advanced medical devices that are incorporated with health information technology (Health IT), such as electronic health record (EHR), is expected to drive market growth for the forecast period. For instance, technologically advanced medical devices incorporated with healthcare IT solutions provide various advantages, such as real-time patient monitoring, remote patient monitoring, and others. Thus, pertaining to such advantages, the market is expected to show significant growth.
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