(PharmaNewsWire.Com, May 26, 2017 ) As per the syndicated report published by Market Data Forecast Europe Patient Monitoring Market which is estimated to be USD 4.05 billion in 2016 is poised to reach USD 9.24 billion by 2021, at a CAGR of 7.10 % from 2016 to 2021. It can attributed to the factors such Increasing aged population and rising incidence of unhealthy lifestyle, Technological developments like portability of the device and government regulations to control rising healthcare costs. However certain challenges like increasing patient privacy concerns & lack of proper reimbursements policies and the high cost of Remote Patient Monitoring systems
To give a brief idea Remote Patient Monitoring Systems enable efficient healthcare delivery to patients outside conventional hospital or clinical settings, by transmitting real-time patient data for clinical review which enables reduce the mortality rates and facilitate efficient use of medical resources. These monitoring systems also help in avoiding emergency overcrowding by managing huge number of patients and enhance maintenance of electronic health records (EHR). Recently the market has gained immense focus due to the government measures to cut down hospital expenditures and reduce hospital stays.
Europe Patient Monitoring Market is segmented based on application as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe).
Some of the major companies in the patient monitoring market are Abbott Laboratories, Drager Medical GmbH, GE Healthcare, Johnson & Johnson Inc, Masimo Corporation, Medtronic, Omron Healthcare, Mindray Medical, Mortara Instrument Inc and Nonin Medical
The Patient Monitoring market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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