Patient Monitoring Market, Share, Application Analysis, Regional Outlook, Forecast up to 2024 Patient Monitoring Market Patient Monitoring Market: Patient monitoring PM market growth is attributed to increasing incidences of chronic diseases owing to lifestyle modifications, growth in geriatric population, increasing preference for home and remote monitoring, and ease of use and portability devices promoting growth. The World Health Organization WHO describes chronic disease management as "the continuing management of conditions over a period of years or decades." Chronic diseases are the major cause of death and morbidity, representing 77% of all casualties in Europe, and study indicates that complicated circumstances such as diabetes and depression are likely to impose a greater burden in the future. Over one-third of the European population over the age of 15 has a chronic disease. According to the World Health Organization WHO , two out of three individuals reaching retirement age are supposed to have at least two chronic circumstances. Many chronic diseases and conditions are related to an aging society and lifestyle decisions such as smoking, sexual behavior, diet, and exercise, as well as genetic predispositions.
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WHO research demonstrates that if nothing is achieved about the growth of chronic disease cases now, the complete burden is anticipated to be even greater in the future. According to the European Commission, 70% to 80% of healthcare expenditures, or an estimated EUR 700 billion per year, are presently spent on chronic diseases in the European Union. Here, PM technologies come into play and identify small changes in the physiological data of the patient, thus promoting self-monitoring. It thus reduces