CONDITION MONITORING DEVICE MARKET ANALYSIS

Condition Monitoring Device Market, by Product Type (Blood Pressure Monitors, Glucometers, Pulse Oximeters, ECG Monitors, Cold Chain System, and Others), by Application (Patient Monitoring and Cold Chain Logistics), by End User (Hospitals, Homecare Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jun 2022
Code : CMI4938
Pages :306
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Condition Monitoring Device Market: Restraint

Inaccuracy associated with condition monitoring devices such as oximeters is likely to hamper the market growth. For instance, in February 2021, the U.S. Food and Drug Administration (FDA) cautioned in a new guidance about the potential inaccuracies associated with pulse oximeters. The U.S. FDA stated that there might be several reasons such as poor circulation, tobacco use, and dark skin pigmentation that may lead to inaccurate results. Hence, it was recommended that patients should not rely entirely only on home pulse oximeter measurements.

The increasing adoption of business development strategies such as collaboration, agreement, and acquisition by key market players is anticipated to drive the global condition monitoring device market growth during the forecast period.