Healthcare news Digital Patient Monitoring Device Market

Digital Patient Monitoring Devices Market Size, Share & Trends Analysis
Report and Segment Forecast, 2026| Grand View Research, Inc
“The global digital patient monitoring devices market size was valued at USD 38
billion in 2018 and is expected to expand at a CAGR of 27.9% over the forecast
period.”
The global Digital Patient Monitoring Devices Market size is expected to reach USD 272.6 billion by 2026, according to a
new report by Grand View Research, Inc. It is projected to register a CAGR of 27.9% during the forecast period. Rising
prevalence of chronic conditions such as diabetes and hypertension is anticipated to drive the demand for real time
patient monitoring for the management of these disorders. Digital monitoring platforms help in continuous patient
monitoring, along with providing remote access to patient data and further reducing the clinical decision time.
Availability of mobile and telehealth applications for users is growing at a rapid rate, especially healthcare apps that
assist consumers in self-management of disease, wellness, and chronic conditions. The increased patient role and
importance in staying updated and informed about their own healthcare decisions, is contributing to the rise in adoption
of digitized patient monitoring devices.
The mHealth segment is expected to expand significantly due to the high acceptance of products such as smart watches,
smart bands, and clips. In May 2019, the Scripps Research Translational Institute expanded its mHealth study aimed at
enhancing care management for pregnant women by launching POWERMOM, a digital health platform that combines an
mHealth app and patient generated data from wearables to offer a better understanding in all stages of pregnancy.
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