India’s market for patient care monitoring devices is estimated to be USD XX billion for the year 2016 and is expected to reach USD XX billion by the end of 2021. The CAGR during this period of the forecast is projected to be XX%. The APAC region is witnessing rapid growth in recent times. This is due to the advances on the technological forefront, larger patient pool, and lenient regulatory framework.
This escalation is developing the need to analyze, review and forecast the growth of the patient care monitoring equipment market. Owing to the rapid evolution of the market in the use of medical technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits.
India Patient Care Monitoring Equipment Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are listed below.
Drivers
Some of the key factors contributing to the growth of the market are:
- Increase in the chronic disease population
- Increase in aging population
- Lack of skilled healthcare professional
- Need to contain the average healthcare expenditure
Restraints
Some of the factors limiting the growth of the market are:
- Resistance from the healthcare industry professionals towards the adoption of the patient monitoring systems
- Lack of proper reimbursement policies
- Stringent regulatory framework
India’s patient care monitoring equipment market has been segmented by type of device into care ports, monitors, networking and wireless networks.
What the Report Offers
- Market analysis for India’s patient care monitoring equipment market, with region-specific assessments and competition analysis on the global and regional scale.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share for the next 5 years.
- Identification and analysis of the macro and micro factors that affect the 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.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
- The report elucidates the situation of patient monitoring equipment around the India region and studies the markets for different patient monitoring equipment which include the likes of care ports, monitors, networking instruments and wireless network instruments.
- The various applications of patient monitoring devices have been discussed in detail in addition to a comprehensive overview of the market.
