Market Research Forecasts the Multiparameter Patient Monitoring Market at $3.7 Billion by 2017
(firmenpresse) - ROCKVILLE, MD -- (Marketwire) -- 01/16/12 -- MarketResearch.com has announced the addition of the new report "Multiparameter Patient Monitoring - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017" to their collection of Medical Devices market reports. For more information, visit
The global multiparameter patient monitoring devices market is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.5% from 2010 - 2017. The global multiparameter patient monitoring devices market achieved revenues of $2.9 billion in 2010, which are expected to increase to $3.7 billion by 2017. The increasing target population, due to the high prevalence of chronic diseases such as Cardiovascular Diseases (CVD), diabetes, Chronic Obstructive Pulmonary Disease (COPD) and cancer, will drive the market growth. The increasing elderly population will result in more incidences of chronic diseases and increased hospitalizations, which will drive the market for multiparameter patient monitoring devices. Healthcare investments in emerging economies in better healthcare infrastructure are also expected to drive this market.
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.
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.
The high prevalence of other chronic diseases such as diabetes and respiratory disorders such as COPD, will also lead to an increase in the target population for multiparameter patient monitoring devices.
For more information, visit
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Datum: 16.01.2012 - 06:08 Uhr
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