Patient Monitoring Devices Market - 2023 Patient Monitoring Systems Market worth 25.31 Bill | Page 4
• By product, the cardiac monitoring devices market is classified into ECG devices,
IRLs, event monitors, MCT monitors, and smart wearable ECG monitors. In 2018,
the ECG devices segment is expected to account for the largest share of the
market. The large share of this segment can primarily be attributed to the
increasing incidence of cardiovascular diseases, the wide application of ECG
devices in CVD management, the development of technologically advanced
devices, and government initiatives.
• On the basis of region, the patient monitoring devices market is segmented into
North America, Europe, Asia, and RoW. Asia is expected to grow at the highest
CAGR during the forecast period. Factors such as the increasing per capita
healthcare expenditure, growing public health awareness, rising prevalence of
lifestyle diseases, and improving treatment rates in emerging markets across
India and China are expected to drive growth in the market in this region.
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