Global Ambulatory Device Market Forecast to 2027
The Ambulatory Device Market research report is a comprehensive and vital document that includes business strategies, qualitative and quantitative analysis, and emerging trends in the global Ambulatory Device Market. The report provides in-depth research and analysis of the key elements of the global Ambulatory Device Market. This report was created by the research analysts after conducting extensive primary and secondary research and analysing the drivers, restraints, challenges, trends, and opportunities in the Ambulatory Device Market.
The global Ambulatory Device Market is forecasted to be worth USD 15.20 Billion by 2027, according to a current analysis by Emergen Research. Ambulatory devices are witnessing an increased demand owing to the growing preference for outpatient services and avoiding hospital stay and the cost related to it. The market devices have the ability to measure a patient’s blood glucose levels, blood pressure, body temperature, oxygen saturation, sleep activity, pulse rate, level of consciousness, pain, urine output, and respiration rate.
Ambulatory devices are also equipped with advanced technologies to provide additional benefits of portability, Bluetooth connectivity, installed tracking system, and portability. The devices are used by the older population or by people who are suffering from a neurological deficit or musculoskeletal impairments. Thus, the growing geriatric population and surge in the incidence of diseases are propelling the market demand.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Ambulatory Device market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Baxter International Inc., Abbott Laboratories, BioTelemetry, Inc., Becton, Dickinson, and Company, Boston Scientific Corporation, CamNtech Ltd., Cadwell Industries, Inc., Compumedics Limited, Cardiovascular Systems, Inc.,, General Electric Company
Research Report on the Ambulatory Device Market Addresses the Following Key Questions:
- Who are the dominant players of the Ambulatory Device market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Ambulatory Device market?
- What are the key growth drivers and restraining factors of the Ambulatory Device market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Ambulatory Device market and its key segments?
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Some Key Highlights from the Report
- In September 2020, the Masimo Rad-G pulse oximeter was clarified by the FDA. The pulse oximeter is a handheld device that combines respiration rate from the pleth (RRp) and Masimo’s signal extraction technology (SET) pulse oximetry, which is used to spot-check or continually monitor.
- An infusion pump is a medical device which delivers fluids, such as medications and nutrients, into a patient’s body in a limited amount. Infusion pumps are widespread usage in clinical settings such as nursing homes, hospitals, and also in the home.
- An ECG monitoring application monitors heart electrical activity and shows a moving line of peaks and dips. It measures the electrical current, which runs through one’s heart. The growing incidence of heart diseases has propelled the demand for the market.
- Hospitals witness an increased demand for ambulatory devices as there is a rise in emergency cases, and hospital staff requires portable devices for easy monitoring. The segment will grow with a significant CAGR during the forecast period.
- North America will dominate the market for ambulatory devices. The region has a well-developed healthcare sector, and the presence of major market players are propelling the demand for the market.
Market Segmentations of the Ambulatory Device Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Ambulatory Device market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Infusion Systems
- Monitoring Devices
- Records
- Others
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Drug Delivery
- ECG Monitoring
- Blood Glucose Monitoring
- Blood Pressure Monitoring
- EEG Monitoring
- Others
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Ambulatory Surgical Centers
- Other
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Regional Landscape section of the Ambulatory Device report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Ambulatory Device Market report:
- The latest report comprehensively studies the global Ambulatory Device market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Ambulatory Device Market report is an exhaustive database that will help readers formulate lucrative strategies. The Ambulatory Device Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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