Description
Patient monitoring systems with advanced features , especially wireless or remote capability , are among the fastest-growing medical devices . The aging population and the associated increases in diseases such as congestive heart disease and diabetes as well as the cost of treating those conditions , is driving sales of these devices .
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Use of new patient monitoring technologies can result in a need for fewer personnel , increased coverage by existing personnel , and a reduction in errors and are expected to lead to better patient care and the recognition of serious health problems before they become an issue .
Patient Monitoring systems is valued as a 18.5 billion USD market in 2013 and is expected to become a $ 24.5 billion market by the end of 2018 and is expected to grow at a CAGR of 5.78 %. The market is basically segmented into different categories namely on the basis of the target parameter , the device used and on the basis of geography . The target parameter sector can be segmented into categories like Cardiac , Hemodynamic , Respiratory , Blood Glucose monitoring , Neurological and Child birth monitoring . The device sector can be divided into categories such as Care ports , Monitors , Networking and Wireless Parameters .
The geographical analysis and forecasting is available for the following regions : 1 ) North America 2 ) Europe 3 ) APAC 4 ) Rest of the World The major drivers for this market growth are lack of skilled healthcare professionals , increase in the chronic disease population and the need to contain hospital expenses . The major limitations are lack of reimbursement , regulatory framework issues and resistance to use IT by healthcare professionals . The major players in this market are Abbott Labs , Alere Inc , Baxter , Bosch Medical , Boston Scientific , CR Bard , Cardiogram , Carematix , Coviden , GE Healthcare , Intel , Phillips , Roche .
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Some points from TOC :
1 . INTRODUCTION 1.1 Report Description 1.2 Research Methodology 1.3 Stakeholders
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