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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Digital Patient Monitoring Devices Market Growth Drivers
Increasing Development of Products/Services for Patient care to Affect the Market Landscape Significantly
With rising cases of chronic diseases, continuous monitoring is required for better patient outcome. In April 2024, Medixine and Nonin Medical entered a strategic partnership to co-develop remote digital monitoring services for more patient-centric diagnosis of chronic conditions. The collaboration combines Medixine's expertise in healthcare communication solutions and Nonin Medical's pioneering work in non-invasive medical monitoring technologies. It can enable continuous, real-time data collection and analysis, enhancing the ability to diagnose and manage chronic diseases outside of traditional clinical settings.
Growth in Strategic Partnerships and Mergers to Meet Rising Digital Patient Monitoring Devices Market Demand
In April 2024, Philips partnered with smartQare to automate and simplify the process of continuous patient monitoring in and out of the hospital to improve patient care and operational efficiency. The partnership involves the strength of both the companies, such as Philips' expertise in healthcare technology and smartQare's innovative monitoring solutions. The continuous care is crucial for patients with chronic conditions.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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