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Blood & Cardiac Monitoring Devices Market Is Expected to Reach $20.5 Billion in 2019, Growing at a CAGR of 6.0% from 2013 to 2019.

Persistence Market Research is pleased to announce “Blood and Cardiac Monitoring Devices (Blood Pressure (Sphygmomanometer, Automated, Ambulatory, Transducers and Instrument Accessories), Cholesterol, Gas Analyzers, Glucose Monitors (Single Point, Continuous, Test Strips, Meters, Lancets), Cardiac Electrocardiogram (ECG), Resting & Stress ECG, Holter, Event, Output, Wrist Rate, Strapped Rate Monitors) Market Assessment Report - Global Size, Share, Competitive Landscape, Future Prospects and Forecast from 2013-2019”.

 
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San Mateo, CA -- (SBWIRE) -- 01/20/2014 -- According to Persistence's Research Team the global blood and cardiac monitoring devices market was worth $13.6 billion in 2012 and is expected to reach $20.5 billion in 2019, growing at a CAGR of 6.0% from 2013 to 2019.

The market for blood monitoring devices is segmented into blood pressure monitors, blood glucose monitors, blood gas analyzers and blood cholesterol monitors. In 2012, the market for blood glucose monitors accounted for the largest share by revenue of the total market at more than 70%. This is attributed mainly to the consistent technological up-gradations in product design followed by the alarming rise in diabetic population and sedentary lifestyles. However, the blood pressure monitors market is expected to record the highest growth during the forecast period owing to the rising prevalence and incidence rate of hypertension and increased awareness about regular monitoring of blood pressure among people. Also, due to integration of tele-medicine, patients themselves rely on self-monitoring of blood pressure at home.

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The market for cardiac monitoring devices has been segmented into various device types including electrocardiogram, holter monitors, event monitors, cardiac output monitors, and others (wrist rate monitors, strapped rate monitors, etc.). Of these, the market for electrocardiograms accounted for the largest share by revenue in 2012, at around 45%.

Geographically, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America led the global market for both blood and cardiac monitoring devices in 2012, in terms of revenue share. With innovations in blood monitoring making the testing much less invasive for the geriatric population and other cardiac patients, revenue for the North American market is set to skyrocket. Physicians in the region are increasingly demanding to work with the newer, less invasive or noninvasive systems, which will help in rapid growth of the minimally and non-invasive blood and cardiac monitoring markets. The fastest growth in this market will be observed in the Asia-Pacific region during the forecast period. Sedentary lifestyles and the resultant rise in the prevalence of chronic illnesses, increase in the per capita income and healthcare expenditures, improvement in healthcare infrastructure and a large pool of geriatric population are the key factors fuelling market growth in the region.

The global blood pressure monitoring devices market includes companies such as A&D Medical, GE Healthcare, Omron Healthcare, Philips Healthcare, SunTech Medical among others, with Omron Healthcare being the leader, followed by SunTech Medical with a market share of over 15%. Other important players in the different product segments of the blood monitoring devices market included Roche, being a leader in both the single point blood glucose and blood gas analyzers market. Medtronic was the clear leader in the continuous blood glucose monitoring devices market in 2012.

The market for cardiac monitors is highly oligopolistic in nature, with the top two players accounting for the majority of the market share in 2012. Some of the key players of this market include GE Healthcare, Philips Healthcare, Cardiac Science, Mortara, Spacelabs and Schiller.

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The global blood and cardiac monitoring devices market is segmented as follows:

Global Blood and Cardiac Monitoring Devices Market, by Product Types

Blood Monitoring Devices Market
Blood Pressure Monitors
Sphygmomanometers
- Automated Blood Pressure Monitors
- Ambulatory Blood Pressure Monitors
- Blood Pressure Transducers and Instrument Accessories
- Blood Glucose Monitors
- Single Point Blood Glucose Monitors
- Blood Glucose Test Strips
- Blood Glucose Meters
- Lancets
- Continuous Blood Glucose Monitors
- Blood Gas Analyzers
- Blood Cholesterol Monitors

Cardiac Monitoring Devices Market
- Cardiac Electrocardiogram (ECG) Monitors
- Resting ECG
- Stress ECG
- Cardiac Holter Monitors
- Cardiac Event Monitors
- Cardiac Output Monitors
- Other Cardiac Monitors (Wrist Rate Monitors, Strapped Rate Monitors, etc.)

Global Blood and Cardiac Monitoring Devices Market, by Geography
- NorthAmerica
- Europe
- Asia-Pacific
- Rest of the World (RoW)

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About Persistence Market Research
Persistence Market Research is a specialized team of analysts and consultants in healthcare domain. Our business intelligence and market research capabilities span over multiple sub-industries under healthcare such as Medical Device, Healthcare-IT, Biotechnology and Pharmaceuticals.

Our understanding about the market persuades us to share the right information with the right reader and save time on decision making. In today’s competitive market world, the decision making of our clients does not merely depend upon their wishes but also on technological advancements and what their competitors are doing or plan to do. This is where we come in existence, with extensive healthcare domain knowledge and statistical analysis background helping our clients with quick and accurate market information.

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