The market is comprised of emergency support, care services and devices. The recent trend of being treated at
home in order to minimize the hospital expenditure and gain a cost advantage is expected to help the industry
soar new heights. The convenience of being treated at home in the known environment is the most preferred
choice of the patients which shows the industry is expected to be progressing with changing trends.
The health policies that enable a person to avail the services at a certain rate is also contributing to the growth
percent of these monitoring devices. The demand for these devices such as blood pressure measurement
devices, liquid filled thermometers and pulse oximeters is increasing in number which represents the signs of
growth in the industry. The technology is specially designed for ill and aged population for whom the home
healthcare is important.
Increase in Gross Domestic Product per capita leads to increasing health care expenditure which drives the
industry growth rate. Investments have been increasing on healthcare by corporate groups that provides
significant growth rate for the monitoring devices. Some of the benefits of the monitoring devices are reduction
in hospitalization rates, office follow ups. Shortage of the healthcare professionals is also one of the major
drivers in the U.S. With increase in the levels of population, the chronic diseases such as asthma, COPD and
hypertension are outgrowing in number. Obesity is one of the major concern that people share due to unhealthy
lifestyle, this results in hypertension. All these factors are expected to increase the market for monitoring
devices in the coming seven years.
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Certain wearable medical devices have also been introduced that act as biosensors and monitor and capture
psychological data. They also provide feedback, local processing and reports. They offer solutions to both health
care providers and physicians. The large number of ongoing innovations and projects, ease of use of medical
devices, and growing capabilities & accuracy of such devices is expected to favorably impact market growth.
Certain drawbacks in this market are issues in reimbursement, lack of awareness in the developing countries
such as India, Brazil, Mexico, and high cost associated with these devices. The U.S due to its preexisting high
penetration and limited scope for the addition of hospitals is expected to drive the future growth of this market.
Americans suffer from hypertension and obesity which shall play a key role in the development of the market.
Increasing population of diabetic patients in Asia Pacific serves as an indicator that this region is expected to
hold the maximum number of consumers for such devices, thereby exhibiting positive growth prospects. North
America is the major region that holds the largest market share with maximum number of consumers followed
by Europe. Certain new developing markets such as India, China and Japan are also expected to possess high