NEW YORK, Nov. 10, 2014 /PRNewswire/ -- The market for patient monitoring includes multi-parameter vital sign monitors, wireless ambulatory telemetry monitors, electromyogram (EMG) devices and consumables, electroencephalogram (EEG) monitors, fetal and neonatal monitors and pulse oximetry monitors and sensors.
Identified Strategic Opportunities
Market Overview by Segment & Country
Trend Analysis by Segment & Country
Market Drivers & Limiters
Mergers & Acquisitions
The report analyzes and evaluates the current state of the market including existing and potential markets, product average selling prices, and unit volumes. The report also highlights the opportunities and potential hazards involved, and presents strategies for successfully navigating the market landscape. Furthermore, it seeks to identify the trends and technologies that will affect the future of each market segment and prepares an unbiased critical assessment of such market drivers and limiters based on our "ground up" approach, which includes primary and secondary research methods.The Asia-Pacific patient monitoring equipment market is characterized by mature market segments that are driven primarily by replacement sales. Growth rates within particular regions and market segments vary, depending on local policies, hospital investment and preferences. In addition, the aging populations in the Asia-Pacific region contribute to additional growth.
The Asia-Pacific market for patient monitoring equipment is driven primarily by replacement sales, with most market segments showing stable growth at modest rates. However, several important transitions are expected to continue over the forecast period. First, the market for wireless ambulatory telemetry monitors is expected to decline. Modest declines in sales of wireless ambulatory telemetry devices are the result of hospitals using more high-, mid- and low-acuity monitors in conjunction with central stations to track the vital signs of patients in their facilities. Second, the market for fetal and neonatal monitoring devices is expected to decline as birth rates reach historic lows and high-, mid- and low-acuity monitoring devices are equipped with neonatal monitoring capabilities.
The fastest growing segment in 2013 was the multi-parameter vital signs monitoring market. Sales of multi-parameter monitoring devices within the hospital market are partly driven by advancements in technology. Devices with connectivity abilities can display integrated information from different devices across the hospital, and the hospital information system. This allows physicians to have a complete patient profile at a single point of access. Growth in this market is also partially driven by the need to equip new hospitals in South Korea.
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