TechNavio recognizes the following companies as the key players in the Global Multiparameter Patient Monitoring Equipment Market: Draegerwerk AG & Co. KGaA, GE Healthcare, Omron Healthcare Co. Ltd., Philips Healthcare, and Spacelabs Healthcare Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The increased focus on R&D has introduced multiparameter monitoring devices with advanced measuring capabilities, offering cost-effective solutions. For instance, various parameters, such as depth analysis of anesthesia, invasive blood pressure, spirometer, and cardiac output, are being incorporated into the monitoring devices. Additionally, there has been an integration of remote-control functionality and alarm management functions into these monitoring devices to increase patient safety. Further, monitors with intuitive touchscreen and clear display, and one-touch command are being introduced to enable ease of use. Thus, increase in technological advancement is expected to drive the Global Multiparameter Patient Monitoring Equipment market during the forecast period.”
According to the report, one of the major drivers is the increased growth in aging population. The increasing aging population is contributing to the growth of the Global Multiparameter Patient Monitoring Equipment market. Multiparameter patient monitors enable faster detection and monitoring of critical illnesses. The number of patients suffering from critical diseases is growing, owing to the increasing aging population, both in the developing and developed nations.
Further, the report states that one of the most important challenges faced by the market is the high price and low accuracy of RPM equipment. Various small vendors do not have the required budget for capitalizing on high-end research devices; hence, settle for low-cost alternative devices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-multiparameter-patient-monitoring…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Multiparameter Patient Monitoring Equipment Market 2012-2016
