|By PR Newswire||
|March 27, 2014 02:05 PM EDT||
DALLAS, March 27, 2014 /PRNewswire-iReach/ -- Vendors are bundling two or more products or services to achieve product differentiation and provide better products. For example, along with blood pressure monitors, vendors are offering cuffs and other accessories for patients to monitor their blood pressure levels. Patients also prefer such packaged offerings to individual products as they are cost-effective. In addition, vendors have introduced personal testing kits comprising blood glucose monitors, blood pressure monitors, thermometers, and pulse oximeters, and these are gaining in popularity worldwide. This marketing strategy has helped several vendors to gain a competitive advantage. This trend is expected to have a strong impact on the Global Remote Patient Monitoring market during the forecast period.
Analysts forecast the Global Remote Patient Monitoring market will grow at a CAGR of 15.44 percent over the period 2013-2018. According to the report, one of the major drivers is the increasing incidence of chronic diseases including CVD, respiratory disorders, diabetes, hypertension, and neurological disorders. This increases the demand for remote patient monitoring products as they are used to monitor or record patients' data on a continuous basis.
The Global Remote Patient Monitoring market can be divided into two segments: External Remote Patient Monitoring Devices and Implantable Remote Patient Monitoring Devices. To calculate the market size, the report considers revenue generated from sales of external and implanted remote patient monitoring devices for the monitoring of certain conditions including diabetes, blood pressure, cardiac disorders, respiratory disorders, and mental disorders.
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Key Market Driver
- Increasing Size of Chronically Ill Population.
- For a full, detailed list, view our report.
Key Market Challenge
- Highly Price-sensitive Market
- For a full, detailed list, view our report.
Key Market Trend
- Increasing Adoption of Product Bundling Strategy by Vendors.
- For a full, detailed list, view our report.
Further, the report states that one of the main challenges is the increasing competition among vendors as the market is highly fragmented. This increase in competition increases pricing pressure.
The report recognizes the following companies as the key players in Global Remote Patient Monitoring Market: BIOTRONIK SE & Co. KG., Boston Scientific Corp., Medtronic Inc., Philips Healthcare, St. Jude Medical Inc., Abbott Laboratories, Aerotel Medical Systems Ltd., Alere Medical Inc., AMD Telemedicine Inc. , BodyTel Scientific Inc., Covidien plc, Docobo Ltd., GE Healthcare Ltd., Honeywell HomMed LLC, Masimo Corp., Mindray Medical International Ltd., OBS Medical Ltd., Omron Healthcare Inc., Robert Bosch Healthcare Inc., Roche Holding AG, Sorin Group, Thoratec Corp., Tunstall Healthcare Group.
Global Patient Temperature Management Market 2014-2018: Analysts forecast the Global Patient Temperature Management market to grow at a CAGR of 7.4 percent over the period 2013-2018. One of the key factors contributing to this market's growth is the increasing incidence of cardiac and CNS disorders. The Global Patient Temperature Management market has also been witnessing an increase in mergers and acquisitions among the leading vendors to increase their global presence and to achieve economies of scale. However, the unavailability of adequate scientific support for the systematic and protocol-driven application of these devices could pose a challenge to the growth of this market.
The Global Patient Temperature Management Market 2014-2018, has been prepared based on in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Patient Temperature Management market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space include 3M Health Care, Cincinnati Sub-Zero Products Inc., Covidien plc, Smiths Medical, and Stryker Corp.
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Other vendors mentioned in the report are Augustine Temperature Management LLC, Belmont Instrument Corp., C. R. Bard Inc., Ecolab Inc., EMIT Corp., Enthermics Medical Systems Inc., GE Healthcare Ltd., Geratherm Medical AG, Philips Healthcare, Pintler Medical LLC, The 37 Co., WElkins LLC, ZOLL Medical Corp.
Global Multiparameter Patient Monitoring Equipment Market 2012-2016: sAnalysts forecast the Global Multiparameter Patient Monitoring Equipment market to grow at a CAGR of 3.53 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth in aging population. The Global Multiparameter Patient Monitoring Equipment market has also been witnessing technological advancements. However, the high price and low accuracy of remote patient monitoring Systems could pose a challenge to the growth of this market.
The Global Multiparameter Patient Monitoring Equipment Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Multiparameter Patient Monitoring Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The key vendors dominating this market space are Draegerwerk AG & Co. KGaA, GE Healthcare, Omron Healthcare Co. Ltd., Philips Healthcare, and Spacelabs Healthcare Inc.
Patient Monitoring and Diagnostic Systems Markets in China - China's demand for patient monitoring and diagnostic systems has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2002, 2007 and 2012) and long-term forecasts through 2017 and 2022 are presented. Major producers in China are profiled. Get Discount @ http://www.reportsnreports.com/contacts/discount.aspx?name=269207.
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