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Global Patient Monitoring Device Equipment & Systems Market Forecast to Grow at 5.5% CAGR

Research and Markets has announced the addition of the "Patient Monitoring Device / Equipment / System Market by Product & End-user - Global Forecast to 2018" report to their offering.

The patient monitoring devices market was valued as $17.0 billion in 2013 and is expected to grow at a CAGR of 5.5% till 2018.

The rising adoption of telemetry and remote monitoring has fueled the growth of patient monitoring devices. The capacity of these devices to monitor patients from long distance, perform intra-operative procedures, and prescribe treatments to patients has reduced discomfort for patients, which has also reduced the hospital stays for patients and reduced the physicians' need to travel.

The cardiac monitors segment had the largest share of the total patient monitoring devices market in 2013 and will continue to grow in the next five years to retain the leading position in 2018. The high growth in this segment is attributed to the growing demand for ECG devices. Moreover, rising incidences of cardiac and diseases such as diabetes and hypertension have also contributed to the largest share of the cardiac monitors market. Multi-parameter monitoring devices market was the second largest segment in 2013. These devices can monitor various physiological parameters of a patient in order to have an overview of the patients' health and status. Due to the tremendous increase in the number of hospitalizations, ranging from extremely serious to basic monitoring, hospitals are increasing the investment in the multi-parameter monitoring devices.

The neuromonitoring devices segment, on the other hand, will be the fastest growing segment in the coming years. With the evolution in technology, neuromonitoring devices can predict the occurrence of neurodegenerative diseases. With growing incidences and increasing awareness of neurodegenerative diseases this market is set to grow at a fast pace. The respiratory monitors segment is also expected to grow at a high pace in the forecast period. Under this segment the capnography products were the fastest growing among all the sub-segments of patient monitoring.

North America accounted for the largest share in 2013 and will retain the leading position in 2018. This growth is attributed to the aging elderly population and rising lifestyle diseases. APAC is the most lucrative region for patient monitoring devices in the next five years, and is poised to grow at a CAGR of 7.5% over the forecast period. High population base and improved purchasing power of patients will drive this market. Moreover, the economic crisis in western countries has propelled the companies to focus on the APAC region, thus leading to the economic growth and rise in the investments in these countries, which is further propelling the market in a positive direction.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 Hemodynamic Monitoring Devices

6 Neuromonitoring Devices

7 Cardiac Monitoring Devices

8 Fetal & Neonatal Monitoring Devices

9 Respiratory Monitoring Devices

10 Multi-Parameter Monitoring Devices

11 Remote Patient Monitoring Devices Market

12 Weight Monitoring Devices

13 Temperature Monitoring Devices

14 Geographic Analysis

15 Competitive Landscape

16 Company Profiles

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