Research and Markets (http://www.researchandmarkets.com/research/dcef58/the_future_of_the) has announced the addition of Global Markets Direct's new report "The Future of the Patient Monitoring Market to 2015" to their offering.
The Future of the Patient Monitoring Market to 2015
"The Future of the Patient Monitoring Market to 2015" provides key data, information and analysis on the global patient monitoring market. The report provides market landscape, competitive landscape and market trends information on five market categories including multiparameter patient monitoring, non-invasive blood pressure monitors, wireless and ambulatory monitoring micro-electromechanical systems and remote patient monitoring. This report provides comprehensive information on the key trends affecting these categories and krey analytical content on the market dynamics. The report also reviews the competitive landscape in terms of pipeline products and technology orefferings.
The Global Patient Monitoring Market Forecast to Exceed $8 Billion by 2015
Global Markets Direct estimates that the global market for patient monitoring systems was valued at around $7 billion in 2008. The market is forecast to exceed $8 billion by 2015 with a CAGR of 3%. The market is expected to be driven by the increasing need to control rising healthcare costs, technological advances and an aging population. Increasing affordability of computer based monitoring is leading to large scale deployment of patient monitoring systems across all units within hospitals. Technological improvements are helping in meeting the demands of an increasing number of patients, and have also helped in reducing the need for healthcare professionals who need not be at the bed side of the patient all the time.
Multiparameter Patient Monitoring Systems and Non-Invasive Blood Pressure Monitors Are the Key Categories within the Global Patient Monitoring Market
Multiparameter patient monitoring systems and non-invasive blood pressure monitors market categories together accounted for 70% of the global patient monitoring market in 2008. The multiparameter patient monitoring systems market is expected to be driven by portability and ease of use of the systems. Such systems also improve economies of scale for the hospitals and the overall healthcare system in general. Non-invasive blood pressure monitors market is expected to be driven by increasing affordability and an increase in demand for home and self care products.
Economic Downturn in the Developed Economies Is Having a Negative Effect on Patient Monitoring Market