Key market drivers, opportunities and threats across APAC, North America, Europe, and internationally have been analyzed and investigated by the “Patient Monitoring Systems Market (2011 - 2016) - Global Trends, End-user & Value-Volume Analysis”.
Last year, the patient monitoring systems market was of $14.2 B value. It is expected to increase at a CAGR of 5.9% from 2011 to 2016 reaching $18.9 B. During 2011, the hemodynamic segment took the lead with 26.2% followed by the cardiac with 23.2%.
The global patient monitoring devices market has been escalating due to the growing increase in geriatric population, home and remote monitoring as well as portability of devices and also due to the increase in the occurrence of lifestyle diseases. Significant opportunities are available for both new entrants and the existing ones. A wireless, non-invasive and remote monitoring device will arrive in the coming years. This market will have a steady growth owing to the awareness on home monitoring and the government laws on minimizing patient stay in hospitals. Companies enter into partnerships and create joint-ventures to utilize the partner’s core competencies that will lead to developing innovative products for patients.
Patient healthcare monitoring devices integrates technologies and equipments that will have a record of critical data on patient’s health status against physical parameters like neural responses, blood pressure, oxygen concentration, cardiac output, reflexes, heart beat rate, temperature. These devices alert the patients and medical professionals, indicating sudden lethal and non-lethal fluctuations within the body.
Hospitals are an important part of end-users in this market. Other sophisticated devices are effective for either operation theaters or ICUs. Due to its high-cost, the device can be deployed for hospital set-up alone.
Source: http://www.marketsandmarkets.com/