The Exhaustive Study for Global Non-Invasive Monitoring Device Market Research Report is added on Market Research Future. To provide detail analysis of the market structure along with forecast, about various segments and sub-segments of the Non-Invasive Monitoring Device. It is also cover country level analysis of the market with respect to the current market size and future growth prospect. – Forecast till 2023
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Non-Invasive Monitoring Device Market – Overview
The global sales of non-invasive monitoring devices remain steady on account of the increasing prevalence of cardiovascular and neurovascular diseases. While the product demand in advanced economies enters a maturity phase, countries such as China, India, and Australia have emerged as the new growth avenues for industry players. In the recent years, the adoption of non-invasive medical technologies has increased, particularly in regions such as Asia Pacific, South America, and Europe. The global market for non-invasive monitoring devices is growing at a moderate pace. This market is expected to grow from USD 13,620 million in 2016 to USD 21,586.18 million by 2023, reflecting a CAGR of 6.8% during the assessment period (2017-2023).
Top players – Non-Invasive Monitoring Device Market
General Electric Company, Medtronic Plc, KONINKLIJKE PHILIPS N.V, Abbott, Omron Corporation, Vaso Corporation, Integrity Applications, CAS Medical Systems, Inc., A&D Medical Inc., Tensys Medical Inc., OrSense Ltd., CNSystems Medizintechnik AG, NIMedical, Advanced Brain Monitoring, Inc.
MRFR’s report offers a detailed segmental analysis of the market based on type, modality, application, end-user, and region. By type, the market has been segmented into cardiac monitoring devices, brain monitoring devices, blood pressure monitoring devices, anesthesia monitoring devices, blood glucose monitoring devices, and others. In 2016, the cardiac monitoring device segment held the largest share, representing a market value of USD 6,232.4 million. By modality, the market has been segmented into tabletop and wearable. The tabletop segment accounted for the largest share in 2016 and is expected to grow significantly during the forecast period. By application, the market has been segmented into cardiology, neurology, and oncology. Among these, the cardiology segment accounts for the largest market share and is likely to remain highly lucrative throughout the assessment period. By end-user, the market has been segmented into hospitals and clinics, diagnostic centers, research & academic institutes, and others. The hospitals & clinics segment is likely to retain its top position towards the end of 2023.
Non-Invasive Monitoring Device Market – Regional Analysis
The global non-invasive monitoring device market, on the basis of region, is segmented into the Americas, Europe, Asia Pacific and the Middle East and Africa. The Americas currently account for the largest share in the global non-invasive monitoring device market. This is majorly attributed to factors such as the presence of major manufacturers, increasing prevalence of cardiovascular diseases, technological advancement in non-invasive monitoring segment, raising awareness among the population and high disposable income. Asia Pacific currently accounts for the second largest market share. Presence of a large number of medical device manufacturers, (low-cost manufacturing) low manufacturing cost, cost-competitive labor, developing healthcare infrastructure, and increasing geriatric populace are some of the factors propelling the market in the region.
The Europe market is the third largest market for non-invasive monitoring devices. Factors such as recent healthcare developments, improving economies, improving per capita income, increased healthcare spending, and governmental support for R&D are influencing the growth of the market. The Middle East and Africa with less economic developments and extremely low income accounted for the least market share in 2016 but is expected to grow, as people living in this region are becoming more aware and demand for better treatments.
Major TOC of Non-Invasive Monitoring Device Market Research Report – Forecast to 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Non-Invasive Monitoring Device MARKET, BY Type
7 Global Non-Invasive Monitoring Device MARKET, BY Modality
8 Global Non-Invasive Monitoring Device MARKET, BY Application
9 Global Non-Invasive Monitoring Device MARKET, BY END-USER
10 Global Non-Invasive Monitoring Device MARKET, BY Region
11 Competitive Landscape
12 Company Profiles
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