Pune, India -- (SBWIRE) -- 03/21/2018 -- Global Patient Monitoring Devices Market accounted to USD 19.9 billion in 2016 growing at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors: Global Patient Monitoring Devices Market

Some of the major players operating in patient monitoring devices market are Abbott, Bayer AG, Biotronik Se & Co. Kg, Boston Scientific Corporation, Braun Melsungen AG, General Electric Company, Siemens AG, F. Hoffmann-La Roche AG, Analog Devices, Inc., Bionet America, Inc., Briggs Healthcare, Fisher & Paykel Healthcare Limited, Fukuda Denshi, Geratherm Medical AG, Trividia Health, Inc., NIHON KOHDEN CORPORATION, Nonin Medical Inc., Nova Biomedical, OMRON Corporation, Koninklijke Philips N.V., Pulse Metric, Inc., Danaher, ResMed, Rossmax International Ltd., Schiller, SunTech Medical, Inc., Smiths Group plc., Uscom, Hill-Rom and Zynex Medical among others.

Competitive Analysis: Global Patient Monitoring Devices Market

The patient monitoring devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of patient monitoring devices market for global, Europe, North America, Asia Pacific and South America.

Major market drivers and restraints: Global Patient Monitoring Devices Market

Increase in geriatric population which boosts the monitoring devices
Prevalence of patients suffering from diseases
Increase in technological advancements
Increasing awareness for diagnosis
Increase in the acceptance of remote patient monitoring devices
Lack of skilled personals
Stringent government regulations

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Market Definition: Global Patient Monitoring Devices Market

Patient monitoring devices are the devices used to monitor vital signs of the patients. Monitoring devices are used in minor and major surgeries to monitor the patient's physiological signs and related complications. Rapid technological advancements and increasing awareness for diagnosis elevates the growth of the market.

Market Segmentation: Global Patient Monitoring Devices Market

The patient monitoring devices market is segmented by devices hemodynamic monitoring devices, neuromonitoring devices, cardiac monitoring devices, fetal & neonatal monitoring devices, respiratory monitoring devices, multi-parameter monitoring devices, remote patient monitoring devices market, weight monitoring devices and temperature monitoring devices.

By lead type the market is segmented in single-lead ECG devices, 3–6 lead ECG devices, 12-lead ECG devices and others. Event monitors are further sub segmented by product type into pre-symptom (memory loop) and post-symptom event monitors and by technology into autodetect monitors and manual event monitor. Cardiac output monitoring devices are further sub segmented into minimally invasive com devices and non-invasive com devices.

Fetal and neonatal monitoring devices are further sub segmented into ultra sound fetal dopplers and internal fetal monitors.

Respiratory monitoring devices are further sub segmented into capnographs, spirometers, anesthesia monitors, sleep apnea monitoring devices and pulse oximeters.

Multi-parameter monitoring devices are further sub segmented into high-acuity monitors, mid-acuity monitors and low-acuity monitors.

By end users the market is segmented into clinics and hospitals.

On the basis of geography, patient monitoring devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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