The Asia-Pacific market for patient monitoring equipment is expected to reach USD XX billion by the end of 2021, growing at a CAGR of around XX% from 2016 to 2021.
Patient monitoring devices are effective in handling post-surgery care and monitoring the 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.
Asia-Pacific Patient Monitoring Market-Market Dynamics
Currently, North America dominates the global market primarily due to the rapid technological advances in this particular region. Asia-Pacific and Latin America are two markets with potential. The report details several factors driving and restraining the market, some of which are listed below.
Drivers
- Increase in the chronic disease population
- Increase in the aging population
- Demand for home-based monitoring devices
- Need to contain the average healthcare expenditure
Restraints
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 factors limiting the growth of the patient monitoring equipment market.
The Asia-Pacific patient monitoring equipment market is segmented on the basis of the type of device (patient monitors/portals, clinical decision support systems, clinical measurement systems, fetal-maternal monitors, surveillance & networking, wireless monitoring, and cable-less measurement), target area (cardiology, neurology, respiratory, fetal & neonatal, weight monitoring, temperature monitoring, remote monitoring and others), and geography (China, Japan, India, South Korea, Australia and Others).
Some of the key players in the market are:
- Cardiocom
- Covidien
- CR Bard
- GE Healthcare
- Honeywell Med
- Infinium Medical
- InTechnology
What the Report Offers
- Market definition along with identification of key drivers and restraints for the market.
- Market analysis for the Asia-Pacific patient monitoring market, with region-specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that 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 share.
- Identification and analysis of the macro and micro factors that affect the Asia-Pacific patient monitoring market on both a global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
