Ambulatory Device Market
The global ambulatory device market is estimated to reach a value of USD 15.20 Billion by 2027 at a CAGR of 15.6%, according to a recent report published by Emergen Research. The rising introduction of patient-friendly devices and the growing preference of outpatient care in order to reduce the period of hospital stay will drive the market growth during the forecast period. The increasing popularity of minimally invasive surgeries is also expected to boost market growth during the forecast years.
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Prominent Players Profiled in the Ambulatory Device Market:
Baxter International Inc., Abbott Laboratories, BioTelemetry, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, CamNtech Ltd., Cadwell Industries, Inc., Compumedics Limited, Cardiovascular Systems, Inc., and General Electric Company, among others.
The increased efficiency, coupled with the reduced costs of ambulatory devices, will be a significant factor of growth during the forecast period. The growing investments of the governments in the healthcare sector to improve the health conditions are also expected to boost market growth over the forecast timeframe. A significant rise in the incidence of hypertension and cardiovascular diseases is expected to drive market demand. The growth in the preferences of the people for minimally invasive surgeries will also have a significant impact over the market growth and demand, during the forecast years.
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Overview of the TOC of the Report:
North America is expected to dominate the global market, owing to its highly-developed technology and healthcare facilities. The existence of the major market players in the region is another reason for the regional market’s dominance. The Asia Pacific region is estimated to have the highest CAGR growth rate of 16.3% during the forecast period, owing to the governments’ huge investments in the healthcare sector and the rising prevalence of chronic diseases.
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