Multiparameter Patient Monitoring Equipment Market Development and Demand Forecast to 2020
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GLOBAL INDUSTRY INSIGHT:<br />
<strong>Multiparameter</strong> <strong>Patient</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>Equipment</strong> <strong>Market</strong> Size, Share,<br />
<strong>Development</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2020</strong>
Global <strong>Multiparameter</strong> <strong>Patient</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>Equipment</strong> <strong>Market</strong><br />
<strong>Development</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2020</strong><br />
The global multiparameter patient moni<strong>to</strong>ring equipment market is growing at a significant rate, due <strong>to</strong> increased<br />
chronic diseases such as chronic obstructive pulmonary disease, diabetes <strong>and</strong> cardiovascular diseases. More<br />
than 35 million people are suffering from chronic obstructive pulmonary disease in Japan, Europe <strong>and</strong> the U.S.<br />
Private institutional nursing is providing ample opportunity <strong>to</strong> the growth of multiparameter patient in the coming<br />
years.<br />
North America leads the multiparameter patient moni<strong>to</strong>ring equipment market, due <strong>to</strong> increase in number of<br />
hospitalizations in the region. Additionally, strong economic growth has been reported in the developing countries<br />
such as, China <strong>and</strong> India due <strong>to</strong> large population base <strong>and</strong> increased healthcare investment. As a result,<br />
emerging economies are expected <strong>to</strong> support the multiparameter patient moni<strong>to</strong>ring equipment market <strong>to</strong> grow<br />
with a significant rate in coming years.<br />
Explore more about global multiparameter patient moni<strong>to</strong>ring equipment market:<br />
https://www.psmarketresearch.com/market-analysis/multiparameter-patient-moni<strong>to</strong>ring-equipment-market<br />
<strong>Multiparameter</strong> patient moni<strong>to</strong>ring equipments are moni<strong>to</strong>ring systems that measure <strong>and</strong> display waveforms <strong>and</strong><br />
numerical data for the patient. The parameters are achieved through moni<strong>to</strong>ring systems used for the treatment<br />
<strong>and</strong> diagnosis of patients in numerous healthcare departments. The multiparameter patient moni<strong>to</strong>ring<br />
equipments are used <strong>to</strong> display signals of numerous essential signs such as, heart rate, respira<strong>to</strong>ry rate, ECG,<br />
temperature <strong>and</strong> blood pressure.<br />
The multiparameter patient moni<strong>to</strong>ring equipments work by translating electrical signals in<strong>to</strong> readable form <strong>and</strong><br />
displaying them on the moni<strong>to</strong>r. <strong>Multiparameter</strong> patient moni<strong>to</strong>ring equipments centralizes the function of<br />
parameter measurement module, output, record <strong>and</strong> display <strong>to</strong> create a portable <strong>and</strong> compact device. It has a<br />
built in replaceable battery, which provides convenience for patient movement. The moni<strong>to</strong>r of the device is<br />
equipped with a high resolution multicolor thin film transis<strong>to</strong>r (TFT) light emitting diode (LED) screen.<br />
<strong>Multiparameter</strong> patient moni<strong>to</strong>ring equipments are user friendly <strong>and</strong> could be operated by using few but<strong>to</strong>ns <strong>and</strong><br />
rotary knob on the front panel of device.<br />
On the basis of type of moni<strong>to</strong>r, the multiparameter patient moni<strong>to</strong>ring equipment market can be categorized in<strong>to</strong><br />
low acuity moni<strong>to</strong>rs, mid acuity moni<strong>to</strong>rs <strong>and</strong> high acuity moni<strong>to</strong>rs. Low acuity moni<strong>to</strong>rs include ambula<strong>to</strong>ry<br />
moni<strong>to</strong>rs <strong>and</strong> vital sign moni<strong>to</strong>rs. Mid acuity moni<strong>to</strong>rs include emergency care moni<strong>to</strong>r <strong>and</strong> post anesthesia care<br />
moni<strong>to</strong>rs. High acuity moni<strong>to</strong>rs include critical care moni<strong>to</strong>rs, magnetic resonance imaging (MRI) compatible<br />
moni<strong>to</strong>rs <strong>and</strong> perioperative moni<strong>to</strong>r. Steady growth in the use of low acuity products at home setups is driving the<br />
multiparameter patient moni<strong>to</strong>ring equipment market.<br />
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Global <strong>Multiparameter</strong> <strong>Patient</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>Equipment</strong> <strong>Market</strong><br />
<strong>Development</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2020</strong><br />
The multiparameter patient moni<strong>to</strong>ring equipment market can also be categorized on the basis of end users as<br />
clinics, home healthcare, rehabilitation centers, hospitals, diagnostic, physician offices, research <strong>and</strong> surgical<br />
centers. Home healthcare leads the multiparameter patient moni<strong>to</strong>ring equipment market under the end user<br />
categories, due <strong>to</strong> the implementation of strict policies <strong>and</strong> regulations set by the government.<br />
One of the major trends in the multiparameter patient moni<strong>to</strong>ring equipment market is increased adoption of<br />
portable multiparameter moni<strong>to</strong>rs. The growth of aging population increases the occurrence of chronic diseases<br />
<strong>and</strong> increased hospitalization, resulting in the expansion of the multiparameter patient moni<strong>to</strong>ring equipment<br />
market. High cost <strong>and</strong> low accuracy of equipments, economic crisis <strong>and</strong> unpredictable reimbursement policies are<br />
some of the major fac<strong>to</strong>rs restraining the growth of the multiparameter patient moni<strong>to</strong>ring equipment market.<br />
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Some of the competi<strong>to</strong>rs in the multiparameter patient moni<strong>to</strong>ring equipment market are GE Healthcare, Edwards<br />
Lifesciences Corporation, Nihon Kohden Corporation, Guangdong Biolight Meditech Co. Ltd., Philips N.V., CAS<br />
Medical Systems, Mindray Medical International Limited, Spacelabs Healthcare, Omron Healthcare, Inc.,<br />
Drägerwerk AG & Co., Larsen & Toubro Limited, Schiller Healthcare, <strong>and</strong> Contec Medical Ltd.<br />
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Global <strong>Multiparameter</strong> <strong>Patient</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>Equipment</strong> <strong>Market</strong><br />
<strong>Development</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2020</strong><br />
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