Global Patient Monitoring Devices Market- Regional Analysis
Among all regions, North America is expected to dominate the global patient monitoring devices market over the forecast period. North America holds a 34.8% market share due to presence of major players such as Medtronic, GE Healthcare, 3M, Boston Scientific Corporation, Koninklijke Philips N.V., and others are contributing for development of patient monitoring devices market in North America.
The Asia Pacific region is expected to be second dominating region over the forecast period, due to increase in number chronic diseases such as diabetes in this region. For instance, according to an article published in The Lancet, a weekly peer-reviewed general medical journal, in February 2023, the estimates suggest that there were more than 88.7 million people living with diabetes in China in 2020. Moreover, according to the same source, this number is expected to rise to 108.4 million by 2030.
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