Global Patient Monitoring Systems Market 2016

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MarketsandMarkets Presents
MarketsandMarkets Global Patient Monitoring
Systems Market worth 18.9 Billion by 2016

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The Patient Monitoring Systems Market (2011 -
2016) - Global Trends, End-user Value-Volume
Analysis analyzes and studies the major market
drivers, restraints, and opportunities in regions
such as North America, Europe, APAC, and Rest of
the world. Browse market data tables and
in-depth TOC on Patient Monitoring Systems
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The patient monitoring systems market was worth
14.2 billion in the year 2011 and is expected to
grow at a CAGR of 5.9 from 2011 to 2016 to reach
18.9 billion. Hemodynamic segment has the
largest share (26.2) followed by cardiac (23.2)
in the year 2011. The global patient
monitoring devices market is driven by increasing
number of geriatric population, rising incidences
of lifestyle diseases, home and remote monitoring
and portability of devices. The opportunities for
companies already present in this market as well
as a new entrant are huge. The future is going to
be wireless, non-invasive and remote monitoring.
With rising awareness of home monitoring and
government implementing strict policies to reduce
patient stay in hospitals, this market is poised
to grow at a decent pace. Companies are forming
joint-ventures and collaborations to exploit the
partners core competencies and create innovative
products to suit the needs of the patients.
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Patient healthcare monitoring devices consist of
equipments and technologies which assist
physicians and medical practitioners in providing
critical data on patients health status by
measuring multiple parameters within the body
such as blood pressure, oxygen concentration,
heart beat rate, cardiac output, temperature,
neural responses, reflexes, etc. These devices
act as warning alarms to indicate any sudden
lethal and non-lethal changes within the
body. Hospitals form a major share of end-users
for this market however, in the future home
monitoring will prevail for some of the major
equipment segments. Some other devices can be
either used only in the operation theaters or
ICUs or are very expensive, hence can only be
used in a hospital set-up. The key players in
the patient monitoring systems market are Philips
Healthcare (The Netherlands), GE Healthcare (UK),
Omron Healthcare (Japan), Draeger Medical
(Switzerland), MindRay Medical (China), Nihon
Kohden (Japan), Masimo (U.S.), Covidien
(Ireland), CareFusion (U.S.), Welch Allyn (U.S.),
and Schiller AG (Switzerland) to name a few.
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