Patient Monitoring Systems Market to grow at 5.9% CAGR to $18.9B by 2016

Published on May 11, 2012 at 5:10 AM

By Kalwinder Kaur

Global Information (GII) announces two new reports on the patient monitoring systems market.

The “Patient Monitoring Systems Market (2011 - 2016) - Global Trends, End-user & Value-Volume Analysis” report from Markets and Markets forecasts that by 2016 the market will reach 18.9 billion, growing at 5.9% CAGR. The market will be driven by an increase in demand for home and remote monitors, increase in prevalence of lifestyle diseases, and an increase in age of survival. The economic conditions prevailing in the Western markets will be a deterrent, while the Eastern markets may hold promise.

The home monitoring market, at present, forms 38.3% of the total patient monitoring market. This is forecast to see considerable growth in the coming years. Change in government policies have led to a decrease in demand for hospital monitoring systems. The report analyzes key players, such as GE and Philips Healthcare.

The second report – “Electronic Blood Pressure Monitors: Devices, Players, Markets and Forecasts” from Greystone Research Associates evaluates the various monitoring products in the market, and provides an assessment of the opportunities and risks involved in their commercialization. It profiles the strategies, participants, development and technology, and provides a forecast through 2016.

Many factors are moving patient monitoring into homes from caregiver facilities. Patient demographics and novel technologies for measurement are some of the factors. Advances in technology are enabling users to understand readings from at-home electronic blood pressure monitors.

Executive summaries of these reports are available at the www.giiresearch.com website.