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Patient Monitoring
The Patient Monitoring Market in Emerging Countries (China, India, Brazil) to Reach $686m by 2016
Hyderabad,
AP,
India
(prbd.net)
27/01/2011
The market for patient monitoring in emerging countries (China, India and Brazil) is expected to grow at Compounded Annual Growth Rate (CAGR) of 8% to reach revenues of $686m in 2016. The market is expected to be driven primarily due to increasing patient population. Large pool of elderly population in these countries is the major driving factor for growth in these markets along with the substantial increase in disposable income in these countries which has raised the affordability of healthcare.
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Of the total revenue generated within the patient monitoring market in emerging countries in 2009, multiparameter patient monitors accounted for 63% of the revenue. Increasing demand coupled with higher acceptance of multiparameter monitors is likely to increase the revenue share, which is forecast to reach 69% by 2016.
In 2009, patient monitoring leads and electrodes accounted for 23% of the revenue generated, while the others such as non-invasive blood pressure monitors, micro-electromechanical systems, neonatal monitors, fetal monitors and remote patient monitoring combined together accounted for only 14% share.
China is the largest geographical contributor to revenues in patient monitoring market among emerging countries. China’s patient monitoring market was valued at $221.6m in 2009 and accounts for about 56% of the revenues in emerging countries’ patient monitoring market. The revenue share for China is expected to reach 60% by 2016 with CAGR of 9% over 2009–2016. Apart from the growing elderly population, recently introduced healthcare reforms are forecast to drive the patient monitoring market.
Philips Healthcare with a market share of 25% is the leader in the patient monitoring market in emerging countries. The market in emerging countries is highly fragmented with presence of many small local players. Philips Healthcare maintains the leadership position in these markets with strong dominance in markets such as multiparameter patient monitoring segment along with strong brand recognition and a comprehensive product portfolio.
GlobalData’s new report, “Patient Monitoring - Emerging Countries (China, India, Brazil) Opportunity Assessment, Competitive Landscape and Market Forecasts to 2016” provides key data, information and analysis on the global patient monitoring market. The report provides market landscape, competitive landscape and market trends information on the patient monitoring market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.
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http://www.globaldata.com/reportstore/Report.aspx?ID=Patient-Monitoring-Emerging-Countries-China-India-Brazil-Opportunity-Assessment-Competitive-Landscape-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices
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