NEW YORK, Oct. 5, 2016 /PRNewswire/ -- This BCC Research report measures and segments the patient monitoring devices market on the basis of products and end users. Includes forecasts through 2020.
Use this report to:
Gain insight into patient monitoring devices (PMDs) market scenario both in terms of quantitative as well as qualitative data.
Assess current market trends, drivers and restraints in respect to patient monitoring devices, and analyze their position therein and make key business decisions.
Identify the market dynamics of each key market in respect to patient monitoring devices, and the relevant business impact thereof.
Evaluate the leading market players of PMDs and their corporate profiles, as well as the list of patents filed or published.
The global patient monitoring device market reached $15.9 billion and $16.9 billion in 2014 and 2015 respectively.
The market should reach $23.8 billion in 2020, increasing at a compound annual growth rate (CAGR) of 7.1% from 2015 to 2020.
The patient monitoring device market for North America reached $7.4 billion in 2015, and should reach $10.3 billion in 2020, increasing at a CAGR of 6.7% from 2015 to 2020.
The patient monitoring device market for Asia reached $3.1 billion in 2015, and should reach over $4.8 billion in 2020, increasing at a CAGR of 9.1% from 2015 to 2020.
This report measures, forecasts and segments the patient monitoring devices market on the basis of products and end users. Geographic regional analysis of these markets is also provided in the study. The product markets in this report are categorized as:
Blood pressure monitors.
Blood gas analyzers.
Glucose monitoring devices.
Cardiac monitoring devices.
Respiratory and sleep disorders monitoring devices.
Multi-parameter patient monitors.
Remote patient monitors.
Supplies and accessories
REASONS FOR DOING THE STUDY
There were many reasons for doing this study. 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 leading to the growth of patient monitoring devices. Remote patient monitoring and implantable patient monitors are areas of high growth potential areas 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's growth, and will discuss probable solutions that can address such concerns.
The report also highlights key market strategies, trends and recommendations that can help manufacturers and suppliers understand the growth potential. The report presents issues affecting the market's growth and 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.
The patient monitoring devices market in this report is limited to above mentioned devices/equipment as viewed within the parameters of the definition of each of these devices.
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