Global Non-Invasive Monitoring Device Market Research by MRFR gives Information by Type (Blood Glucose Monitoring Devices, Cardiac Monitoring Devices, Brain Monitoring Devices, Blood Pressure Monitoring Devices, Anesthesia Monitoring Devices ), End User (Hospitals & Clinics, Diagnostic Centers, Research & Academic Institutes, and Others), and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa), Modality (Table-Top Devices and Wearable Devices), Application (Cardiology, Neurology, and Oncology—Forecast till 2023
Leading Market Key Players
General Electric Company (US), Medtronic PLC (Ireland), KONINKLIJKE PHILIPS NV (Netherlands), Abbott (US), Omron Corporation (Japan), Vaso Corporation (US), Integrity Applications (Israel), CAS Medical Systems, Inc. (US), A&D Medical Inc. (Japan), Tensys Medical Inc (US), OrSense Ltd (Israel), CNSystems Medizintechnik AG (Austria), NIMedical (Israel) and Advanced Brain Monitoring, Inc (US).
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Non-Invasive Monitoring Device Market Overview
Monitoring patients, if possible round-the-clock, is one necessary part of treatment. Such steps help in maintaining the constant care of the patients. With growing technological assistance in the segment, people are now opting for various monitoring devices that are non-invasive. This provides easy operational techniques, regular check-ups, better initiation of preventive measures, and others.
The need for diagnostic and monitoring devices for a better and efficient service can spur the non-invasive monitoring device market growth during the forecast period. Among them, the cardiovascular segment can provide much thrust to the market. But the market can see some restraints as the accuracy of the measurement is still not perfect. However, it can be challenged in the near future by continually developing instruments.
By type, the market for non-invasive monitoring device covers anesthesia monitoring devices, cardiac monitoring devices (electrocardiography & cardiac output monitors), blood pressure monitoring devices, brain monitoring devices, and blood glucose monitoring devices.
By modality, the market for non-invasive monitoring device includes table-top devices and wearable devices.
By application, the non-invasive monitoring device market includes neurology, cardiology, and oncology.
By end-user, the market segmentation includes diagnostic centers, hospital & clinics, and research & academic institutes. The hospitals & clinics segment had a valuation of USD 5457.4 million in 2016.
Table of Content
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Structure
3 Research Methodology
3.1.1 Primary Research Methodology
3.1.2 Secondary Research Methodology
3.1.3 Market Share Analysis
3.1.4 Market Pricing Approach
3.2 Market Size Estimation
3.3 Forecast Model
4 Market Dynamics
4.2.1 Increasing Prevalence of Cardiovascular Diseases
4.2.2 Increasing Adoption of Non-Invasive Technology
4.2.3 Increasing Prevalence of Neurovascular Diseases
4.2.4 Increasing Geriatric Population
4.2.5 Favorable Reimbursement Policies
4.3.1 Erroneous Readings
4.3.2 Stringent Regulatory Norms
4.4.1 Development of Non-Invasive Monitoring Devices to Measure the Blood Glucose Level
4.4.2 Partnership Between Big Companies and Their Geographic Expansion is Becoming an Entrance Gateway for Budding Companies
4.5 Macroeconomic Indicator
4.6 Technology Trend & Assessment
4.6.1 Optical Techniques
4.6.2 Transdermal Techniques
4.6.3 Electrochemical Techniques
List of Tables
TABLE 1 PRIMARY INTERVIEWS
TABLE 2 GLOBAL NON-INVASIVE MONITORING DEVICE MARKET BY TYPE, 2014 TO 2023 (USD MILLION)
TABLE 3 GLOBAL NON-INVASIVE CARDIAC MONITORING DEVICE MARKET BY TYPE, 2014 TO 2023 (USD MILLION)
TABLE 4 GLOBAL NON-INVASIVE CARDIAC MONITORING DEVICE MARKET BY REGION, 2014 TO 2023 (USD MILLION)
TABLE 5 GLOBAL NON-INVASIVE ELECTROCARDIOGRAPH MONITORING DEVICE MARKET BY TYPE, 2014 TO 2023 (USD MILLION)
List of Figures
FIGURE 1 GLOBAL NON-INVASIVE MONITORING DEVICE MARKET, 2014 TO 2023 (USD MILLION)
FIGURE 2 GLOBAL NON-INVASIVE MONITORING DEVICE MARKET SHARE BY TYPE, 2016 (%)
FIGURE 3 GLOBAL NON-INVASIVE MONITORING DEVICE MARKET SHARE BY MODALITY, 2016 (%)
FIGURE 4 GLOBAL NON-INVASIVE MONITORING DEVICE MARKET SHARE BY APPLICATION, 2016(%)
FIGURE 5 GLOBAL NON-INVASIVE MONITORING DEVICE MARKET SHARE BY END USER, 2016 (%)
The Americas and Europe are regions that have the potential to take the global non-invasive monitoring device market ahead as their technological prowess is expected to make sure that the market moves ahead at a substantial pace. Investment in the market are also flowing in substantially to make sure that the growth flows forward uninterrupted. The market is further getting bolstered by high per capita income.
The APAC market is having a strong growth due to continuous investment made by emerging economies like China, India, Japan, and others. These countries are assisting in expanding the market as a rise in per capita income of the middle class that includes a massive population is impacting the market.
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In September 2019, various researchers from the ICFO published an article in the Science Advances that people are now opting for devices that are flexible and transparent, and most importantly, these devices are wearable. These products are conformable to the skin and can continuously measure multiple vital signs to determine the state of health. Among various benefits, these devices can detect heart rate, blood pulse oxygenation, respiration rate, UV radiation exposure, and others. The nanomaterial graphene, boosted by advanced light-sensing technology can trigger better growth for the market. The material is highly flexible and is made of transparent material comprising one-atom-thick layer of carbon atoms. The light-absorbing layer is founded on quantum dots.
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