(Health-NewsWire.Net, September 07, 2017 ) According to the report Asia Pacific Patient Monitoring market, published by Market Data Forecast, the Asia Pacific market is estimated at USD 3.01 Billion in 2016 and is expected to reach USD 4.61 Billion by 2021 at a CAGR of 8.90%.
Patient Monitoring Systems enable efficient healthcare delivery to patients outside conventional hospital or clinical settings, by transmitting real-time patient data for clinical review which helps in reducing mortality rates and facilitate efficient use of medical resources. These patient monitoring services help in avoiding emergency overcrowding, manage huge number of patients and enhance maintenance of electronic health records (EHR). Recently the market has gained immense focus due to the government measures to cut down hospital expenditures and reduce stays in the hospitals.
Browse market data tables and in-depth TOC of the Asia Pacific Patient Monitoring Industry to 2021 @ http://www.marketdataforecast.com/market-reports/asia-pacific-patient-monitoring-market-138/
The Asia-Pacific Patient monitoring market is segmented on the basis of disease condition which intern is sub segmented into neurology, hemodynamic, cardiac, fetal and neonatal, respiratory, multi parameter, remote patient monitors, temperature and weight monitoring systems.
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Cardiac monitoring segment occupied the largest share in Asia-Pacific market and is predicted to maintain its share till 2020. Respiratory monitoring segment is estimated to be the fastest growing during the forecast period. Increasing demand for ECG (Electro Cardiogram) devices and increased rate of cardiac and other comorbid diseases such as diabetes and high blood pressure are the major reasons for growth in this region On the basis of geography, the Asia-Pacific Market is analysed under various sub segments namely India, China, Japan and South Korea. Asia-Pacific is the most favourable and promising region for patient monitoring devices in the coming few years. Improved purchasing power of patients and High population base are the major drivers propelling the market in this region. India and China are estimated to be the fastest growing markets within the region followed by Japan and South Korea. Rapidly growing aging population vulnerable to diseases, government policies to reduce healthcare expenditure are the major driving factors pushing the growth of the market. On the other side, patient privacy concerns & lack of proper reimbursements policies and the high cost of Patient Monitoring systems are inhibiting the growth of the market.
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Some of the key players in the Asia-Pacific Patient Monitoring Market are Abbott Laboratories, Covidien, Drager Medical GmbH, GE Healthcare, Johnson & Johnson Inc., Masimo Corporation, Mortara Instrument Inc., Mindray Medical, Natus, Nihon Kohden ,Nonin Medical, Omron Healthcare, Philips Healthcare, Roche Diagnostics Limited and Welch Allyn.
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