Patient Monitoring Devices Market - 2023 Patient Monitoring Systems Market worth 25.31 Bill | Page 2

• The patient monitoring devices market is projected to reach USD 25.31 Billion
by 2023 from USD 19.14 Billion in 2018, at a CAGR of 5.7%. Factors such as the
easy availability of wireless monitoring devices and the rising incidence of
lifestyle and chronic diseases are expected to drive market growth during the
forecast period.
• Based on product, the cardiac monitoring devices market is classified into ECG
devices, implantable loop recorders, event monitors, mobile cardiac
telemetry, and smart wearable ECG monitors. The mobile cardiac telemetry
segment is expected to grow the highest CAGR during the forecast period.
Factors such as quick and enhanced diagnosis compared to other short &
longer-term monitoring modalities and huge potential for reducing healthcare
costs are driving the growth of the market.
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