Use Of IoT And Wireless Sensor Technology In The Patient Monitoring Devices Market
Patient monitoring device manufacturers are increasingly integrating IoT and wireless technology with patient monitoring devices to efficiently diagnose and treat medical conditions. Wireless sensor technology such as biosensor monitoring devices are multi sensor systems implanted or embedded into the skin, consisting of a sensor that transmits data for real time monitoring of patient’s medical condition. IoT technology enables healthcare service providers to remotely monitor patients’ health parameters. These devices are miniaturized multi-sensing devices, aiding healthcare professionals to monitor blood pressure, blood glucose levels and physiological parameters, and recommend appropriate treatment. Major companies offering IoT and wireless sensor technology integrated patient monitoring devices include Xsensio, InSilixa, 1Drop Diagnostics, Kenzen.
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The patient monitoring devices market is segmented by type into fetal and neonatal monitoring devices, vital parameter monitoring devices and equipment, weight monitoring and body temperature monitoring devices and equipment, and remote patient monitoring devices and equipment. The vital parameter monitoring devices and equipment market accounted for the largest share of the patient monitoring devices market in 2018. The remote patient monitoring devices market is expected to be the fastest-growing segment going forward at a CAGR of more than 15%.
The global medical equipment market, of which the patient monitoring devices market is a segment, is expected to grow at an annual rate of over 5% by 2022. Patient monitoring devices is expected to be the fastest growing segment in the medical equipment market at an annual growth rate of above 8% during 2018-2022.
Read more about the medical equipment market report:
Medical equipment devices are designed to aid diagnosis, monitoring or treatment of medical conditions. The medical equipment market is segmented into In-Vitro Diagnostics, Cardiovascular Devices, Diagnostic Equipment, Orthopedic Devices, Hospital Supplies, Ophthalmic Devices, Nephrology And Urology Devices, Patient Monitoring Devices, Dental Equipment And Supplies, Wound Care Devices, Diabetes Care Devices, Surgical Equipment, ENT Devices, Anesthesia And Respiratory Devices and Neurology Devices.
The patient monitoring devices market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider medical equipment market, and compares it with other markets.
