NewswireToday - /newswire/ -
Bangalore, Karnataka, India, 2015/02/09 - IQ4I Research & Consultancy published a new report on “Patient Monitoring Global Market Forecast To 2020” analyzes and studies the major market drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific and ROW.
The global Patient monitoring market is expected to reach $24.3 billion by 2020. This report analyzes the patient monitoring market in terms of market revenue ($ million) for all segments. The market analysis is performed by device type (Cardiac, Prenatal, Fetal and Neonatal monitors, Hemodynamic, Multi-parameter, Neurological, Respiratory, Remote patient monitoring, MEMS, Temperature and Weight monitoring), end-user (Medical centre and Medical specialist, Primary healthcare and Community healthcare centers, Laboratories and diagnostic centers and Home-based users) and Regional markets (North America, Europe, Asia-Pacific and Rest of the World).
The Patient monitoring market is mainly driven by factors such as increasing geriatric population and rising incidences of lifestyle diseases, rise in sales of remote monitoring systems which reduced healthcare expenditure, staff shortages and reduction in lengthy hospital stays, advancement in wireless and sensor technology and emerging markets with low cost manufacturers are the factors driving the market growth. On the other hand, financial crisis, high pricing of devices, uncertain return of investment and unstable reimbursement issues are hampering the market growth.
In 2013, the North America accounted for the largest share in 2013. Asia-Pacific (APAC) region is expected to grow at the highest CAGR from 2014 to 2020. Rise in prevalence of chronic and infectious diseases, genetically inherited diseases, healthcare awareness in patients, and increase in government funds for healthcare, high investment in healthcare infrastructures, low treatment costs, technological advancement, and multi-parameter monitoring devices are increasingly being used in more diverse situations are some of the factors driving the market growth. Key players in this region include Phillips Healthcare (The Netherlands), GE Healthcare (U.K.), Mindray Medical International Limited (China), Draegerwerk AG & Co. (Germany) and Nihon Kohden Corporation (Japan).
Medtronic is the largest player in the Patient monitoring market with a share of percentage, followed by Covidien and Philips Healthcare accounting for percentage and percentage shares respectively in 2013. The Patient monitoring market is consolidated, with major players accounting for more than 70% market share in 2013. Top ten major players in the global patient monitoing market include Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), Covidien PLC (Ireland), GE Health care (U.K.), Johnson & Johnson (U.S.), Medtronic (U.S.), Omron Healthcare (Japan), Philips Healthcare (Netherlands), Roche Diagnostics Limited (Switzerland) and St Jude Medical (U.S.).
• Market assessment of all segments and sub segments of Patient monitoring market;
• In-depth market sizing analysis of various segments and sub segments of Devices, End-Users and Regional markets;
• Regulatory scenario across the globe;
• Upcoming technologies;
• Wearable devices & Older adults patient monitoring devices;
• Market share analysis of key players;
• Major player profiles and their competitive landscaping.