Patient Monitoring Accessories Market Size Worth $10.8 Billion By 2027: Grand View Research, Inc.

Patient Monitoring Accessories Market Size Worth $10.8 Billion By 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Nov. 16, 2020

SAN FRANCISCO, Nov. 16, 2020 /PRNewswire/ -- The global patient monitoring accessories market size is expected to reach USD 10.8 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2020 to 2027. Patient monitoring accessories are supplemental products that are used in conjunction with patient monitoring devices to help healthcare professionals accomplish efficient clinical excellence and ensure a high level of quality patient care. The major aim of patient monitoring is to check vital signs, detect early fatal deterioration, and transfer the data wirelessly. Factors like the rising prevalence of chronic illnesses, rising demand for round the clock checking, and the advent of technologically advanced monitoring products are fueling the market growth.

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Key suggestions from the report:

Read 100 page research report with ToC on "Patient Monitoring Accessories Market Size, Share & Trends Analysis Report By Product (SpO2 Sensors, BP Cuffs, NMT Sensors, Temperature Sensors, CO2 Absorbers, ECG Leadwires), By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/patient-monitoring-accessories-market

Patient monitoring accessories mainly include SpO2 sensors, NIBP cuffs, temperature sensors, CO2 absorber filters, and ECG leadwires that assist in collecting and analyzing a patient's state of health. According to the WHO, currently, major chronic conditions such as cancer, diabetes, respiratory disorders, and cardiovascular diseases account for about 60.0% of the total number of deaths and 43.0% of the global burden of diseases. In addition, cardiovascular diseases are the leading cause of death and disability globally, taking 17.9 million lives each year, of which more than three quarters are in low-income and middle-income countries.

The economic burden of CVD is going to worsen in the coming years, as according to an article published by ScienceDaily, cardiovascular disease costs will exceed USD 1.0 trillion by 2035 for the U.S. Based on the same article, the number of Americans with cardiovascular disease will rise to 131.2 million (45%). Prevalence of such fatal diseases needs regulated and round the clock treatment. The accessories assist healthcare professionals in collecting a broad range of real-time health data that is precise and which makes timely intervention possible.

Grand View Research has segmented the global patient monitoring accessories market on the basis of product and region:

List of Key Players of Patient Monitoring Accessories Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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