Global Multi-Parameter Patient
Monitoring Equipment Market Restraints
The Multi-Parameter
Patient Monitoring Equipment Market growth can hamper due to product
failures and product recalls. MPM equipment are sometimes recalled from the
Food and Drug Administration (FDA) when these equipment do not match the
guidelines for marketing as per the FDA guidelines. For instance, in 2014, a
product named DPM 6 Monitor by Mindray DS USA Inc. used for measuring ECG,
arrhythmia detection, ST segment analysis, heart rate, respiration rate,
temperature, pulse oxygen saturation, pulse rate, non-invasive blood pressure,
and invasive blood pressure was recalled by FDA, as DPM 6 Monitor included
cardiac ST/Arrhythmia analysis feature, which is not cleared for marketing.
The multi-parameter patient
monitoring (MPM) equipment offers a flexible solution for various critical care
need. The need for home-based healthcare is expected to drive the
multi-parameter patient monitoring market growth. A MPM equipment is a system
designed to give multiple information on one screen. It measures body
activities such as temperature of body, blood pressure, pulse rate, respiratory
rate, and measures the activity of various body organs.
Presence of major companies in
the multi-parameter patient monitoring (MPM) equipment market increase the
competition with launch of new devices with the latest technologies. For
instance, in 2018, Skanray Technologies launched TruSKAN series six-channel
multi-parameter patient monitoring systems. TruSKAN offers integrated pulmonary
index (IPI) for quick assessment of patient’s respiratory status and SatSeconds
advanced alarm management algorithm to reduce false alarms.
* The sample copy includes: Report Summary, Table of
Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy
of this report: https://www.coherentmarketinsights.com/insight/request-sample/2541
Global Multi-Parameter Patient
Monitoring Equipment Market Drivers
The emerging technology of remote
patient monitoring is expected to contribute to growth of the multi parameter
patient monitoring (MPM) equipment market size. The new remote patient
monitoring devices are wireless, compact, wearable devices through which
medical professionals can check the condition of a patient inside or outside
the hospital. These devices are used to reduce hospital stay and expenses. For
instance, use of remote patient monitoring system @HOME by Geneia can save
around US$ 8,375 of hospital expenses per person annually.
Multi-parameter patient
monitoring (MPM) equipment market revenue is expected to increase, owing to
increasing demand for multi parameter patient monitoring equipment in hospitals
for critical care of geriatric patients suffering from cardiac, respiratory,
mental or renal diseases. According to American Heart Association 2015 report,
around 40 million people over the age of 65 are affected by cardiovascular
disease in the U.S. annually.
Global Multi-Parameter Patient
Monitoring Equipment Market: Regional Analysis
North America held dominant
position in the multi-parameter patient monitoring (MPM) equipment market in
2017, owing to the development of advanced technologies in the healthcare
system and new product launches in MPM equipment market. For instance, in
October 2017, Abbott Laboratories launched the first and only smartphone
compatible insertable cardiac monitor in the U.S.
Browse Research
Report: https://www.coherentmarketinsights.com/ongoing-insight/multi-parameter-patient-monitoring-equipment-market-2541
Asia Pacific is the fastest
growing region in the multi-parameter patient monitoring (MPM) equipment market
size due to increasing geriatric population suffering from any kind of
age-related disease, which directly contributes to growth of MPM equipment
market size. According to China National Committee on Aging (CNCA), around 241
million people in China are aged above 60, representing 17.3% of China’s total
population in 2018.
Global Multi-Parameter Patient
Monitoring Equipment Market: Competitive Landscape
Key players operating in the
global multi-parameter patient monitoring equipment market include Philips
Healthcare, GE Healthcare, and Drägwerk AG & Co. KGaA. Other prominent
players include Nihon Kohden Corporation, Spacelabs Healthcare, Medtronic, Mindray
DS USA Inc., Natus Medical, Abbott Laboratories, AMD Global Telemedicine,
Baxter International, Bosch Medical, Boston Scientific, CR Bard, and
Cardiocom.
Buy-Now this research
report: https://www.coherentmarketinsights.com/insight/buy-now/2541
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact
Us:
mailto:sales@coherentmarketinsights.com
U.S.
Office:
Name: Mr. Shah
Coherent
Market Insights 1001 4th Ave,
# 3200
Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
No comments:
Post a Comment