DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dcxtqm/patient) has announced the addition of the "Patient Monitoring Global Market - Forecast to 2019" report to their offering.
The global patient monitoring devices market is expected to reach approximately $24 billion by 2019 growing at CAGR of around 8.0%. North America commands the largest share and is expected to register a healthy market share by 2019.
Patient monitoring is an essential part of care process together with administration of therapy. The main aim of monitoring is to make sure that proper care [or] therapy can be given in advance of the arrival of complications. Patient monitoring is essential to take care in emergency and operating rooms, intensive and critical care units and it is extremely useful for recovery rooms, respiration therapy, radiology, outpatient care, and gastroenterology department, transport, home and sleep screening applications. Patient monitoring plays a key role in reducing complications, risks, infections, as well as assisting in providing for patient comfort.
The patient monitoring devices market is mainly divided into the following segments such as hemodynamic, neurology, respiratory, cardiology, fetal and neonatal, multi parameters, remote patient monitors, temperature and weight monitors.
Patient monitoring devices are a requisite part of the medical team for every procedure, i.e. operating in a clinic or multi-specialty hospitals. The reduction in size of the monitors over the years through contemporary technologies and rising adoption of telemetry and remote monitoring has increased the growth of patient monitoring devices. The rising prevalence of neuro-degenerative diseases is expected to boost the adoption of patient monitoring devices in the next 5 years. Moreover, the respiratory monitoring segment is projected to grow at a faster rate during the forecast period, which in turn is enhancing the patient monitoring market. The cardiac monitoring segment commanded the largest share in global patient monitoring market for 2013 and is expected to maintain its strong share by 2019. The strong share is due to increasing demand for ECG (Electro Cardiogram) devices and increased rate of cardiac and other comorbid diseases such as diabetes and high blood pressure.
Key Topics Covered:
1. Executive summary
3. Market Analysis
4. Patient Monitoring Market by Devices
5. Regional Market Analysis
6. Company Developments
7 Major Company Profiles
- Abbott Laboratories
- Siemens Healthcare
- Drager Medical Gmbh
- Ge Healthcare
- Johnson & Johnson, Inc.
- Mindray Medical International Limited
- Roche Diagnostics Limited
- Royal Philips Healthcare
For more information visit http://www.researchandmarkets.com/research/dcxtqm/patient