(PharmaNewsWire.Com, July 03, 2017 ) Global Patient Monitoring Market is projected to reach USD 24.26 billion by 2021 from USD 16.9 billion in 2016, at a CAGR of 7.5%.Continuous measurement of patient parameters such as heart rate and rhythm, respiratory rate, blood pressure, blood-oxygen saturation, and many other parameters have become a common feature of the care of critically ill patients. When accurate and immediate decision-making is crucial for effective patient care, electronic monitors frequently are used to collect and display physiological data. Increasingly, such data are collected using non-invasive sensors from less seriously ill patients in a hospital’s medical-surgical units, labor and delivery suites, nursing homes, or patients’ own homes to detect unexpected life-threatening conditions or to record routine but required data efficiently. We usually think of a patient monitor as something that watches for—and warns against—serious or life-threatening events in patients, critically ill or otherwise.
The factors influencing the Global Market for Patient Monitoring Market, either positively or negatively are presented in the DROC analysis. The major factors backing the growth of the market in this region are the aging population and increased lifestyle diseases that are further serving the overall prevalence of chronic diseases followed by Europe. However, the growth in these regions is expected to be slow in the forecast period due to factors such as decreasing birth rates, irregular reimbursement policies and reduced number of beds in hospitals. On the flip side, patient privacy concerns & lack of proper reimbursements policies and the high cost of Patient Monitoring systems are inhibiting the growth of the market.
For granular level understanding, the Patient Monitoring Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segments.
• By Application 1. Neuromonitoring Devices a) Electroencephalograph (EEG) b) Transcranial Doppler (TCD) c) Magnetoencephalograph (MEG) d) Cerebral Oximeters e) Intracranial Pressure Monitors (ICP) 2. Hemodynamic Monitoring Devices a) Blood Pressure Monitors b) Blood Glucose Monitors c) Blood Gas and Electrolyte Analyzers d) Cholesterol Analyzers 3. Cardiac Monitoring Devices a) Electrocardiogram (ECG) b) Event Monitors c) Implantable Loop Recorder (ILR) d) Cardiac Output Monitoring Devices 4. Fetal and neonatal Monitoring Devices a) Ultra Sound Fetal Dopplers b) Internal Fetal Monitors 5. Respiratory Monitoring Devices a) Capnographs b) Spirometers c) Anesthesia Monitors d) Sleep Apnea Monitoring Devices e) Pulse Oximeters 6. Multi-Parameter Monitoring Devices a) High-Acuity Monitors b) Mid-Acuity Monitors c) Low-Acuity Monitors 7. Temperature Monitoring Devices 8. Weight Monitoring Devices 9. Remote Patient Monitoring Devices
On the basis of geography, the market is analysed under various regions as North America, Asia-Pacific, Europe, Latin America, Middle East & Africa. North America accounted for the highest share in 2015. Asia-Pacific is the most favourable and promising region for patient monitoring devices in the coming few years. It is projected to grow at a highest CAGR over the forecast period. Improved purchasing power of patients and high population base are the major drivers propelling the market in this region. Besides, the economic instability in the western countries facilitates the companies to plan their business more in the Asia-Pacific region and meet their revenue targets.
• North America Patient Monitoring Market • Europe Patient Monitoring Market • Asia-Pacific Patient Monitoring Market • Latin America Patient Monitoring Market • Middle East and Africa Patient Monitoring Market
Some of the key players in the Global Patient Monitoring market are Covidien, Abbott Laboratories, Drager, Medical GmbH, GE Healthcare, Johnson & Johnson Inc., Masimo Corporation, Mindray Medical, Mortara Instrument Inc., Natus, Nihon Kohden ,Nonin Medical, Omron Healthcare, Philips Healthcare, Roche Diagnostics Limited and Welch Allyn.
The Patient Monitoring Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification 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 effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• 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 along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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