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Global Patient Monitoring Device/Equipment/System Market 2016 - $24.76 Billion Market Forecasts to 2020

Dublin, May 30, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Patient Monitoring Device/Equipment/System Market by Product, End-User - Global Forecast to 2020" report to their offering.

Attributed to the Rising Prevalence of Neuro-degenerative Diseases, the Patient Monitoring Market in the Neuromonitoring Segment Will Be the Fastest Growing Segment in the Next Five Years

The patient monitoring devices market is expected to grow at a CAGR of 5.6% to reach USD 24,762 million by 2020.

The market is driven by rise in the geriatric population, growing incidences of lifestyle diseases, increased use of home and remote monitors, and technological advancements like portability of equipment. However, the unpredictable reimbursement policies will restrain the growth of this market to an extent. The segments for companies to invest in the near future will be neuromonitors, remote patient monitoring (RPM) devices, and respiratory monitors.

The patient monitoring devices market is segmented into nine major segments, namely, hemodynamic, neurology, cardiac, respiratory, fetal and neonatal, multiparameter, remote patient monitors, temperature, and weight management monitors. The cardiac monitors segment is further sub divided into ECG, event monitors, and cardiac output sub segments. ECG was the leading segment owing to increasing population and growing incidences of cardiac and diseases such as diabetes and hypertension.

The neuromonitoring devices market is divided into EEG, TCD, MEG, cerebral oximeter, and ICP monitor. Out of these EEG was the leading segment owing to the growing incidences of neurodegenerative diseases. The respiratory monitors segment is segregated into capnographs, spirometer, anesthesia, sleep apnea, and pulse oximeter.

Out of these the capnography segment accounted for the highest CAGR. The multiparameter monitors segment is further subdivided into low, mid, and high acuity. The growth will be majorly driven by the gradual increase in the use of low-acuity products in home setups.

The major players in the patient monitoring devices market are Abbott Laboratories (U.S), Medtronic Plc (U.S.), GE Healthcare (U.K.), LifeWatch (Switzerland), Nihon Kohden (Japan), Omron Healthcare (Japan), Philips Healthcare (the Netherlands), Roche Diagnostics Limited (Switzerland), Honeywell International Inc (U.S.) and Siemens Healthcare (Germany).

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