According to MarketIntelReports “Global Multifunction Patient Monitor Sales Market Report 2017”:
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The multifunction patient monitor is used to monitor the heart activity, blood pressure, pulse rate, body temperature and other patient related activities. It is also effective in handling post- surgery care and monitoring the aging population. The data is displayed on a CRT, LED or LCD screen as data channels along the time axis. The displayed values are computed depending on the maximum, minimum, and average values. The patient monitoring system is a part of the hospitals and healthcare facilities as it helps the physicians to determine the severity of the disease. It can be even used in major and minor surgeries for monitoring the patient’s physiological signs.
Scope & Regional Forecast of the Multifunction Patient Monitor Market
The Multifunction Patient Monitor Sales Market is growing at a steady rate due to the rise in the geriatric population, growth in the prevalence of patients suffering from different diseases like cancer, diabetes, atherosclerosis, and increase in the adoption rate of the multiparameter monitor. Asia Pacific stands high in the market due to rise in the geriatric population and increase in the purchase power of countries like China and Japan. The increase in the use of multiparameter patient monitor has led to rapid developments in the market.
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Resistance of healthcare professionals towards the adoption of multiparameter patient monitor, lack of proper reimbursement policies, and strict regulatory framework are the factors limiting the Multifunction Patient Monitor Market. Increasing awareness about the health monitoring system among physicians and patients and opinion based diagnosis about chronic diseases boost the market growth.
North America is expected to dominate the Multifunction Patient Monitor Market during the forecast period followed by Europe. Rising consumer awareness levels along with acceptance among caretakers about the health care monitor are helping the growth of the market. The patient care monitoring system helps in continuous patient monitoring along with providing remote access to patient data.
Improving health infrastructure leads to increasing demand for monitoring devices in hospitals which fuels the growth of the Multifunction Patient Monitor Market. The central patient monitoring system is used to slow the progression of chronic disorders and enhance recovery after getting discharged from an acute care unit.
Segmentations & Key Players Involved in the Multifunction Patient Monitor Market
The Multifunction Patient Monitor Market can be broken down into various segments as follows:
- Product- Electrocardiogram (ECG) Devices, Event Monitors, Implantable Loop Recorders (ILR), Cardiac Output Monitoring (COM) Devices, and Others.
- Application- Hospitals and Home.
- Region- United States, China, Europe, Japan, Southeast Asia, and India.
Some of the key players involved in the Multifunction Patient Monitor Market are as follows:
- Omron Healthcare
- GE Healthcare
- Roche Diagnostics
- Abbott
- Siemens
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