By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America OEM patient monitoring and vital sign OEM module market accounted for the largest market share in 2021, owing to increasing cases of cardiovascular diseases, high adoption of patient monitoring devices, and well-established healthcare infrastructure. According to the Centers for Disease Control and Prevention (CDC), more than 750,000 hospitalizations occur each year because of atrial fibrillation in the US.
Furthermore, according to the American Heart Association Research Report 2018, heart disease is the leading cause of death in the US, accounting for one in every seven deaths.
Further, the major countries studied are: The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: OEM PATIENT MONITORING AND VITAL SIGN OEM MODULE MARKET BY REGION 2022 & 2032
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe OEM patient monitoring and vital sign OEM module market accounts for the second-largest market share due to increase in funding and initiatives for research & development, an increase in adoption of advanced OEM technologies, the prevalence of neurological diseases, and an increase in the number of new product launch by market players are driving the growth of the market in the region.
Furthermore, the Germany market of OEM patient monitoring and vital sign OEM module held the largest market share in 2021, and the UK market of OEM patient monitoring and vital sign OEM module is the fastest growing market in the Europe region.
The Asia-Pacific OEM patient monitoring and vital sign OEM module market is expected to grow at a significant share from 2024 to 2032 due to the factors such as presence of big OEM modules and component manufacturers, increasing medical tourism in the region. Moreover, China market of OEM patient monitoring and vital sign OEM module held the largest market share in 2021, and the India market of OEM patient monitoring and vital sign OEM module is the fastest growing market in the Asia-Pacific region.
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