Worldwide Patient Monitoring Market to Reach USD 26.2 Bn in 2022, Projects WinterGreen Research in Its Report Available at MarketPublishers.com17 Jun 2016 • by Natalie Aster
LONDON – Worldwide patient monitoring market is predicted to see significant growth rate as resurgence in keeping track of vital signs ranges from the intensive care unit (ICU) and emergency department (ED) to all zones of the hospital, to patient transfer venues, and to ambulatory care locations.
Standing at USD 11 billion in 2015, the patient monitor markets is on the verge of reaching the USD 26.2 billion mark by 2022. This robust growth of the sector is due to the rising reliance on multi-parameter patient monitors in every hospital bed, in manifold domains of specialised clinical units, and in many rehabilitation centers.
The market owes its healthy growth to the rising uptake of multi-parameter patient monitors linked to a central station beyond the ICU to a hospital’s all floors. Clinical care is dependent on monitoring. Vital signs monitors transfer data wirelessly to the electronic health record, creating alerts if data steps beyond the limit of prefixed parameters. Patient monitors are enlarging the use base in the hospital and increasing use in rehabilitation centers, clinical settings, and home.
Abbott Labs, Mortara, Biotronik, Cardiocom, Drager, Smiths Medical, Fukuda Denshi, Medtronic, Philips, Roche, Intel & GE/Care Innovations, and Vitaphone, among others, are the entrenched players in the marketplace.
In-demand study “Patient Monitoring: Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022” elaborated by WinterGreen Research provides a full-scale assessment of the marketplace. It gives a description of the market and canvasses the market dynamics. The report provides true insights into the market drivers and challenges, market share data, pricing analysis, market segmentation by key regions, and comprehensive forecast of the development of the sector in the offing. The research publication offers a detailed review of the diverse patient monitoring products; gives an unprejudiced look at patient monitoring research and technology. It also provides descriptions and profiles of the dominant industry players.
More comprehensive market studies by this publisher are available at its page.