Patient Monitoring Devices Market Growth, and Size in the Asia Pacific

According to a research by Elliot and Coventry, it is very vital that the subsequent eight parameters of a patient should be monitored: oxygen saturation, temperature, pain, pulse, blood pressure, level of consciousness, urine output, and respiration rate, which are monitored with the assist of patient monitoring devices. Patient monitoring devices are used during minor & major surgeries to monitor the patient’s physiological signs and associated complication. Moreover, with the progression in wireless technology, these devices could be employed to remotely monitor the physiological parameters of the patients. These devices are an essential part of hospitals and other healthcare services that are likely to assist physicians conclude the severity of any disease.

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Market views:

Asia Pacific Patient Monitoring Devices market value is expected to grow at 6.46% CAGR from 2018 to 2023 and it is estimated that the Asia Pacific market was valued at USD 3.78 billion in 2018 and is expected to reach USD 5.17 billion by 2023.

Drivers and restraints:

The major factors influencing the growth of the market include rising geriatric population, increasing rate of lifestyle diseases, increasing preference for home and remote monitoring, and accessibility of easy-to-use and portable devices. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials. Moreover, factors such as increasing population size of the aged, growing rate of unhealthy lifestyle and technological enhancements like portability of equipment is further going to fuel the market growth.

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Partition of the Market:

The Asia Pacific Patient Monitoring Devices market is partitioned according to Product and End User. With respect to Product, it is classified into Hemodynamic, Neurology, Cardiac, Multiparameter, Remote Patient Monitors, Respiratory, Fetal and Neonatal, Temperature and Weight Management Monitors. Hemodynamic monitoring devices are further sectioned into blood glucose, blood gas & electrolyte analyzer, and blood pressure monitors. Neuromonitoring devices are further sectioned into electroencephalograph devices, magnetoencephalography devices, intracranial pressure monitors, transcranial Dopplers, and cerebral oximeters. Cardiac monitoring devices are further categorized into electrocardiogram devices, Holter monitors, event monitors, and others (implantable loop recorders, cardiac output monitoring devices, and others). Fetal & neonatal monitoring devices are further divided into ultrasound devices, Electronic Fetal Monitoring devices (EFM), Fetal Doppler and Others. Respiratory monitoring devices are further classified into capnograph, spirometer, sleep apnea monitor, and pulse oximeter. Multiparameter monitoring devices are further classified into high, mid, and low acuity. This growth can be attributed to the rising incidences of obstructive sleep apnea and the rising alternate uses of capnography. With respect to End User, it is categorized into Hospitals and Home.

Geographically the market is partitioned into various regions namely India, China, Japan, South Korea and Australia. Asia Pacific is the most capable region for patient monitoring devices in the coming five years. It is anticipated to grow at a higher CAGR over the forecast period.

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Key players of the market:

The Asia Pacific Patient Monitoring Devices market is led by companies like Abbott Laboratories, GE Healthcare, Nihon Kohden, Omron Healthcare, Philips Healthcare, Siemens Healthcare, Medtronic PLC, Honeywell International Inc., Infinium Medical and Roche Diagnostics Limited.

Scope of the Report:

The report offers an extensive examination of the business by giving the estimations of market potential and gauges with most extreme granularity. Along this, the variables persuasive in affecting the market flow and patterns are examined in detail at the item level. Further, the execution of the market at the territorial and nation level is evaluated and the prospects with high development potential are distinguished and discussed.

The key players in the business are profiled giving bits of knowledge on their money related execution, advertise position and development techniques. Similar investigation on prime strategical exercises of the market players depicting the key advancements like mergers and acquisitions, coordinated efforts and an assessment of the focused condition inside the business are given. The report additionally offers an expansive standpoint of the market alongside proposals from industry specialists on the open doors for speculation action.

What else? Aside from the syndicated report, our in-house group has an aptitude and involvement in planning custom reports to meet your particular research needs and help you in settling on very much educated choices.

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