LONDON, Oct. 14, 2014 /PRNewswire/ -- REPORT HIGHLIGHTS
The global patient monitoring device (PMD) market is expected to grow from nearly $14.7 billion in 2013 to reach nearly $21.0 billion in 2018, a compound annual growth rate (CAGR) of 7.4% for the period of 2013 to 2018.
This report provides:
An overview of the global market for patient monitoring devices, accessories, and consumables that are used to measure, display, and document physiological information obtained at regular intervals over time from sensors attached to the patient or other input devices.
Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
Examination of the market for patient monitoring devices and related equipment by application (e.g., intensive care, neonatal/pediatric care), product type (central monitoring stations, portable bedside monitors, wireless/telemetry monitors), and target markets (hospitals, long-term care facilities, and individual consumers).
Discussion of promising new technologies and products still in the development and testing stages that are likely to be commercialized successfully in the next five years.
Comprehensive company profiles of major players in the industry.
INTRODUCTION
This study measures, forecasts and segments the patient monitoring devices market on the basis of products and end users. Geographic analysis of all these markets is also provided in the study. The product market in the study is categorized as:
Equipment.
Blood pressure monitors.
Blood gas analyzers.
Thermometers.
Glucose monitoring devices.
Cardio monitoring devices.
Respiratory and sleep disorder monitoring devices.
Neuromonitors.
Fetal monitors.
Neonatal monitors.
Multiparameter patient monitors.
Remote patient monitors.
Anesthesia monitors.
Services.
Supplies and accessories.
The patient monitoring devices market in this report is limited to the above-mentioned devices/equipment as viewed within the parameters of the definition of each of these devices.
The key end users captured in the study include the following:
Hospitals.
Medical practitioners and clinics.
Primary healthcare and community healthcare centers.
Diagnostic centers and laboratories.
Home users.
Others.
The key geographic regions according to which the markets are segmented include:
North America.
Europe.
Asia.
Rest of the World (ROW).
STUDY GOALS AND OBJECTIVES
The goal of this study is to provide industry participants with insights on the patient monitoring market scenario, both in terms of quantitative as well as qualitative data, that could help them develop business and growth strategies, assess the market landscape and analyze their position therein, and make key business decisions in respect to patient monitoring devices. In particular, the objectives of the study are as follows:
To provide comprehensive analysis of patient monitoring products and end user segments.
To identify the market dynamics of each key market and the relevant business impact thereof.
To provide market forecasting of products and end users by their respective segments and by geographic regions mentioned above.
To report and analyze key market developments.
To highlight and analyze market trends, drivers and constraints.
To provide key recommendations.
To analyze each key geographic region listed above and understand its drivers and restraints.
To analyze the competitive scenario of the market.
REASONS FOR DOING THE STUDY
The reasons for doing this study are many. A decrease in the physical size of monitoring devices; enhanced utility, performance and sensitivity; usability and portability of devices; and increasing availability of remote/wireless patient monitoring equipment and systems are factors leading to the growth of patient monitoring devices. Remote patient monitoring and implantable patient monitors are areas of high growth potential that are gaining attention and interest. However, the economic slowdown, stringent government regulations of hospital operations and processes, and unstable reimbursement policies are likely to restrain the growth of the market. This report will address all such issues that are driving and/or constraining the market growth and will discuss probable solutions for such concerns. The report also highlights key market strategies, trends and recommendations that can help manufacturers and suppliers understand the growth potential.
The report aims to present issues affecting market growth along with probable solutions that can address these concerns. The report also highlights key market strategies, trends and recommendations in providing the quantitative assessment of the market that can help manufacturers and suppliers understand the growth potential of different market segments.
SCOPE OF REPORT
The report includes only those products and end users that are noted above and that fall within the parameters of the four geographical regions noted.
Discussion and analysis covers the following market factors:
Key market analysis.
Strategic recommendations.
Market dynamics (drivers and constraints).
Market forecast for the period of 2013 through 2018.
Competitive developments and general landscape.
Geographical analysis.
Profiles of key market players.
Patents.
INTENDED AUDIENCE
The key audience for this study includes:
Patient monitoring device product developers and manufacturers.
Patient monitoring device market start-ups.
Academic and commercial research organizations.
Consulting firms.
Medical device market information database developers.
The study will enable the audience to understand and gain insights on the current market and will forecast the changing market scenario. The data provided can help users understand which market segments (products and end users) are expected to grow at higher rates, factors driving growth, factors limiting the growth, key areas of opportunity and so on.
INFORMATION SOURCES AND METHODOLOGY
Owing to the chain of markets involved in the report, the markets were assessed in the top-down method. The content provided in the report including market numbers and forecasts was prepared based on both primary and secondary research methodologies. Market dynamics, qualitative information and views of industry participants were also taken into consideration while forecasting and measuring the market values. The same primary and secondary approach methodology was adopted for deriving the historic and base numbers. Macro markets were further divided into micro markets in consideration of views of different industry participants, and the average of the range of estimates gathered from primary research was taken and later validated from secondary and primary sources. The primary research included interviews and discussions with key industry participants, key opinion leaders and some experts on the subject matter including healthcare professionals or technicians such as nurses, doctors and lab technicians. Secondary data was collected from free sources such as Google Search, company websites and industry reports as well as paid sources such as Key Notes, Factiva and LexisNexis, etc. were also referenced.
The information provided in company profiles is primarily gathered from respective company websites; thus, the information included is according to the latest information available on the Web. The focus of the report has been kept on the devices/equipment market. The product categories named in this market study are subject to the definitions of each market segment.
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