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Follow on Google News | Multiparameter Patient Monitoring - Global Pipeline Analysis, Competitive LandscapeThe Global Multiparameter Patient Monitoring Devices Market is Expected to Grow at a CAGR of 3.5% from 2010 – 2017
By: Rajesh Gunnam According to the World Health Organization (WHO), the total number of deaths globally due to CVD was 18.1 million in 2010, and is expected to be 20.5 million in 2020 and 24.2 million in 2030. According to the International Diabetes Federation (IDF), the global prevalence of diabetes in 2010 was 6.6% and is expected to increase to 7.8% in 2030. Over 38 million people suffer from COPD in the US, Europe and Japan. In 2010, Philips Healthcare was the leader in the global multiparameter patient monitoring devices market with a 38% share, followed by GE Healthcare with 24%. The top two players occupy more than 60% of the global market. Such domination by the major players provides significant barriers for new entrants in the market. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ The US is the largest market for multiparameter patient monitoring devices, accounting for about 47% of the global market. The US multiparameter patient monitoring devices market was valued at $1.4 billion in 2010 and is expected to grow at a CAGR of 2.9% from 2010 through 2017 to reach $1.7 billion. The demand for physician and clinical services is expected to increase significantly due to the expanded Medicaid and private insurance coverage. The prevalence of chronic diseases is also increasing in the US. These factors will increase the demand for multiparameter patient monitoring devices, since there will be a subsequent increase in hospitalizations. According to the American Cancer Society, about 1.6 million new cancer cases are expected to be diagnosed in 2011. According to GlobalData, the deals scenario is not strong in the multiparameter patient monitoring devices market. The top manufacturers prefer investing capital in product development and expansion in newer geographical regions. Strong product portfolios and a focus on R&D by the major players will result in company shares remaining at a similar level for the near future. GlobalData’s new report, “Multiparameter Patient Monitoring - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global multiparameter patient monitoring market. The report provides market landscape, competitive landscape and market trends information on the multiparameter patient monitoring market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market’s dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a global market intelligence services company providing information research and analysis products and services. End
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