Latest Report Available at Orbis research Patient Monitoring Equipment Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
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The Global market for Patient Monitoring Equipment is expected to reach $26.2 billion by the end of 2020 growing at a CAGR of around 5.8% from 2014 to 2021. Monitoring devices continuously monitors patients vital parameters by using a medical monitor. Patient monitoring devices are effective in handling post-surgery care and monitoring of aging population. The data is displayed on a CRT, LED or LCD screen as data channels along the time axis. The displayed values are computed parameters depending upon the maximum, minimum and average values.
Currently North America is dominating the global market primarily due to the rapid technological advances in this particular region. Asia Pacific and Latin America are two markets with future potential. The Global Patient Monitoring Equipment Market is segmented on the basis of Type of Device (Care Ports, Monitors, Networking and Wireless Networks), Application (Cardiology, Neurology, Pulmonology, Fetal & Neonatal and Others) and Region (North America, Europe, Asia Pacific and Rest of the World).
Increase in the chronic disease population, increase in the aging population, and demand for home based monitoring devices are all the major factors driving the growth of the patient care monitoring market. The need to contain the average healthcare expenditure is one of the major reason driving the growth of the market.
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Resistance from the healthcare industry professionals towards the adoption of the patient monitoring system, lack of proper reimbursement policies and stringent regulatory framework are the challenges faced by the Patient monitoring equipment market.
What the report offers:
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Patient Monitoring Equipment Market, with region specific assessments and competition analysis on a global and regional scale.
dentification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Patient Monitoring Equipment Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Some points from TOC:
1.1 Report Description
1.2 Markets Covered
1.3 Research Methodology
- Executive Summary
- Market Overview
3.1 Market Definition
3.2 Market Drivers
3.2.1 Demand for home based monitoring devices
3.2.2 Rise in the incidences of chronic diseases due to change in lifestyle
3.2.3 Increase in aging population
3.2.4 Need to contain average healthcare expenditure
3.3 Market Restraints
3.3.1 Resistance from the healthcare industry professionals towards the adoption of the patient monitoring system
3.3.2 Lack of proper reimbursement policies
3.3.3 Stringent regulatory framework.
3.4 Market Opportunitites
3.5 Market Threats
- Porters Five Force Analysis
4.1 Bargaining Power of suppliers
4.2 Bargaining power of buyers
4.3 Degree of competition
4.4 Threat of substitution
4.5 Threat of new entrants
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