LONDON--(BUSINESS WIRE)--Healthcare industry’s effort toward providing efficient and cost-effective healthcare solutions has had a colossal influence on the patient monitoring devices sector, resulting in numerous healthcare reforms. Technological advancements ushered in remote monitoring and wireless monitoring systems, which will soon change the market dynamics for patient monitoring procedures. Technavio has published three market research reports which highlight markets seeing increased revenue directly driven from business dependency of patient monitoring devices. All three of these reports can be purchased at a minimum 60% discount by becoming a Technavio Insights member.
Global Blood Glucose Monitoring Devices Market 2017-2021: Request a sample report
The global blood glucose monitoring (BGM) devices market is growing due to the increase in the number of people with diabetes, especially type 1 diabetes. To avoid high doses of medication and insulin intake, people are moving toward monitoring blood glucose levels by learning about the technicalities and the usage of BGM devices.
Technavio researchers believe that many countries spend about 5%-20% of their health expenditure on diabetes. Also, looking at consumers’ increasing preference for self-monitoring blood glucose levels, the market for BGM is likely to gain considerable growth in the next five years.
Global Vital Signs Monitoring Devices Market 2016-2020: Request a sample report
The growing incident of deaths due to the rise in number of people with cardiovascular diseases (CVDs) and obesity will aid the global vital signs monitoring devices market to post a steady 7% CAGR growth during 2016-2020. As per the WHO estimates, 9.4 million people worldwide die due to cardiac disorders such as CVDs and heart stroke each year, with high blood pressure accounting for 16.5% of the overall cases. To improve their products, vendors are combining two or more products or services. For example, along with vital signs monitors, vendors are offering accessories for patients to monitor their blood pressure levels.
Advances in technology has directed vendors to develop devices such as remote hemodynamic monitoring to improve patient monitoring associated with left ventricular assist devices (LVADs). Various research studies report that remote hemodynamic monitoring can improve LVAD management by assisting in pump speed optimization and remotely monitoring cardiovascular hemodynamics such as cardiac index and detection of heart failure.
Global Multiparameter Patient Monitoring Equipment Market 2016-2020: Request a sample report
The increasing incidence of chronic conditions such as cardiac disorders and respiratory disorders has increased the demand for continuous monitoring of individuals. The use of multiparameter patient monitoring equipment is on the rise, thereby projecting a steady CAGR growth of nearly 5% for the market during the forecast period.
Technological advances such as the development of wireless monitors have fueled the growth in the global multiparameter patient monitoring equipment market driven by the increasing use in home healthcare applications. For instance, GE Healthcare developed an innovative and unique system, CARESCAPE B450, a portable wireless monitor.
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- Global Self-Care Medical Devices Market 2016-2020
- Global Diagnostic Wearable Medical Devices Market 2016-2020
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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