Rockville, MD -- (SBWIRE) -- 04/10/2018 -- The global market discussion on Next Generation Patient Monitoring Devices can be found in an upcoming report which is going to be published in the wide database of FactMR. The title of the study is "Next Generation Patient Monitoring Devices Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2027", and has been prepared through extensive secondary and primary research methodology. The primary objective of the report is to identify opportunities in the market and present updates as well as insights belong to various segments of the market.
Next generation patient monitoring devices are designed for enhancing patient care and improving clinical performance. The integration of IT in the healthcare system helps in the regular monitoring, timely capturing patient data, storing real time records and thus improving patient care. Hospitals are getting more busier these days and number of patients continuously increasing which generated the need of next generation patient monitoring devices in the hospital environment. Furthermore, in order to improve efficiency, better resource utilization and maintaining their level of service, adoption of these next generation patient monitoring devices is increasing.
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Next Generation Patient Monitoring Devices Market: Drivers & Restraints
Several advantages of next generation patient monitoring devices in assisting patient care such as reduced adverse events, improving hospital efficiency, improving patient outcomes, real time data monitoring and storage, lesser hospital stays etc. supports the adoption and market growth of these devices. The next generation patient monitoring devices also has the potential of minimizing the healthcare costs which further fuels their adoption in hospital settings. Several factors such as hospital's financial & budget constraints, lack of advanced medical facilities, lack of trained professionals in various developing as well as under-developed nations restricts the market growth for these next generation patient monitoring devices. Furthermore, stringent regulatory approvals in several countries slows down the product commercialization which also limits the market growth. Insufficiency in maintaining the privacy and security of the stored data and lack of uniformity in device functionality are some other challenges which restricts the market growth for these next generation patient monitoring devices.
Next Generation Patient Monitoring Devices Market: Overview
Companies involved in the Next Generation Patient Monitoring Devices services market are involved in continuous advancement of their manufacturing technologies to develop innovative solution with focus on more precise and low cost devices. These manufacturers are collaborating with healthcare professionals and organizations for network building and increasing sales. The demand of next generation patient monitoring devices in anticipated to increase with the rise in incidences of chronic diseases, increasing aging population and improving healthcare facilities.
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Next Generation Patient Monitoring Devices Market: Region-wise Outlook
Geographically, North America leads the market for Next Generation Patient Monitoring Devices services owing to the advanced healthcare infrastructure and the intensity of market players in the region. This is followed by the Western Europe countries due to more focus on patient care and thus a good rate of adoption. APEJ represents a significant growth rate for the next generation patient monitoring device over the forecast period owing to the rise in chronic disease and improvement in healthcare facilities. Japan also have a significant market share owing to the high number of geriatric population as well as available government support. Eastern Europe does not represent a significant growth rate owing to the less developed healthcare infrastructure. Latin America followed by Middle East & Africa represents the least market share as well as growth rate in the next generation patient monitoring devices over the forecast period but represents a significant market opportunity for the market players to invest in the region.
Next Generation Patient Monitoring Devices Market Treatment Market: Key Players
Some of the players in the Next Generation Patient Monitoring Devices market includes Boston Scientific Corporation, Koninklijke Philips N.V., Nihon Kohden Corporation, F. Hoffmann-La Roche Ltd., LifeWatch AG, Medtronic, Abbott, eDevice, Isansys Lifecare Ltd, Zywie Inc. etc.
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