Global Patient Monitoring Devices market is expected to reach USD 25.08 Billion by 2023
Patient Monitoring Devices Market By Product (Hemodynamic, Neurology, Cardiac, Respiratory, Fetal And Neonatal, Multiparameter, Remote Patient Monitors, Temperature And Weight Management Monitors)
(EMAILWIRE.COM, September 21, 2018 ) Patient Monitoring Devices (PMD) allows patients to be monitored outside of conventional settings, increasing their effectiveness and access to medical care. RPM devices are used to manage and monitor a wide variety of health issues. These systems provide alerts when health status decreases, allow patients, caregivers and physicians to intervene and change the treatment plan. The RPM device market is segmented by product, application and end-use. Based on the product, they are classified as vital sign monitors and special monitors. By application, they are segmented into cardiovascular diseases, cancer, and diabetes, treatment of sleep disorders and weight control and fitness control. Market end users include the hospital and alternative patient site monitoring, such as outpatient and home care.
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In the year 2018, the Global Patient Monitoring market was valued at USD 19.1 Billion, by the year 2023 it is expected to reach USD 25.08 Billion with 5.60% CAGR.
Drivers and Restraints:
The major factors influencing the growth of the market are increasing geriatric population, chronic diseases. Changes in lifestyle of people, high healthcare budgets. Rising preference for home and remote monitoring. Technological developments in getting high results. However lack of healthcare professionals towards the adoption of new technologies is a major restraining factor of the market.
To know more read: https://www.marketdataforecast.com/market-reports/patient-monitoring-devices-market-6616/
Geographic Segmentation
Geographically, the Patient Monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. The major growth factors contributing to the growth of the North America market are the aging population and lifestyle diseases that are further adding to the overall prevalence of chronic diseases. However, the growth of Europe is expected to be sluggish in the forecast period and is estimated to grow at a lower CAGR, due to factors such as uneven reimbursement policies, declining birth rates, and reduced number of beds in hospitals.
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Major companies in the market are Abbott Laboratories, GE Healthcare, Nihon Kohden, Omron Healthcare, Philips Healthcare, Siemens Healthcare, Medtronic PLC, Honeywell International Inc., Infinium Medical and Roche Diagnostics Limited.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
View sample and decide: https://www.marketdataforecast.com/market-reports/patient-monitoring-devices-market-6616/request-sample
In the year 2018, the Global Patient Monitoring market was valued at USD 19.1 Billion, by the year 2023 it is expected to reach USD 25.08 Billion with 5.60% CAGR.
Drivers and Restraints:
The major factors influencing the growth of the market are increasing geriatric population, chronic diseases. Changes in lifestyle of people, high healthcare budgets. Rising preference for home and remote monitoring. Technological developments in getting high results. However lack of healthcare professionals towards the adoption of new technologies is a major restraining factor of the market.
To know more read: https://www.marketdataforecast.com/market-reports/patient-monitoring-devices-market-6616/
Geographic Segmentation
Geographically, the Patient Monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. The major growth factors contributing to the growth of the North America market are the aging population and lifestyle diseases that are further adding to the overall prevalence of chronic diseases. However, the growth of Europe is expected to be sluggish in the forecast period and is estimated to grow at a lower CAGR, due to factors such as uneven reimbursement policies, declining birth rates, and reduced number of beds in hospitals.
Get your customized report: <||>rnhttps://www.marketdataforecast.com/market-reports/patient-monitoring-devices-market-6616/customize-report
Major companies in the market are Abbott Laboratories, GE Healthcare, Nihon Kohden, Omron Healthcare, Philips Healthcare, Siemens Healthcare, Medtronic PLC, Honeywell International Inc., Infinium Medical and Roche Diagnostics Limited.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results