Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | ![]() European Patient Monitoring Equipment Market to Surpass €3.4B by 2030, Led by Philips HealthcareBy: iData Research The most prevalent trend in the patient monitoring equipment market is the integration of monitoring devices into Internet of Things (IoT) settings. This is evidenced by strong high-single- Key highlights from iData's report include: Robust Market Expansion: Overall, the European patient monitoring equipment market was valued at €2.4 billion in 2023. This is expected to increase over the forecast period to reach €3.4 billion. Competitive Landscape: In 2023, Philips Healthcare led the European patient monitoring equipment market. In April 2020, it launched the Rapid Equipment Deployment Kit to help hospitals quickly expand ICU monitoring during the COVID-19 pandemic. This kit integrated advanced monitoring technology with predictive algorithms, allowing rapid scaling of critical care within hours. GE Healthcare held the second-largest market share in 2023, excelling in multi-parameter, ambulatory telemetry, and ECG monitoring, particularly with its MAC product line. Tunstall, a telehealth pioneer for over 60 years, supports over five million people with its Lifeline Smart Hub, a cloud-based system that enables independent living without the need for a landline. Dr. Kamran Zamanian, CEO and Senior Partner at iData Research, notes, "The growing elderly population, along with an overall increase in Europe's population, has significantly contributed to the expansion of the patient monitoring equipment market. Further advancements in device connectivity and interoperability have also been key drivers of this growth." For more details or to purchase the report, please visit the following link. https://idataresearch.com/ About iData iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today's dynamic market landscape. End
|
|