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The worldwide market for patient monitoring systems is largely driven by a growing geriatric population, rising home care options with portable and remote monitoring devices, higher incidence of lifestyle diseases, and so on. Thus, there is little doubt about the fact that players in this market are exposed to several emerging opportunities. 

 

Patient monitoring systems help medical practitioners gain insights into critical patient parameters such as the heart rate, blood pressure and blood glucose levels, cardiac output, temperature, oxygen concentration, as well as neural responses. Any sudden change in these parameters is notified to the medical practitioner via these systems.

 

Market analysts estimate that the worldwide market for remote patient monitoring devices is likely to reach USD 556.9 million by the end of 2016. It is also estimated that this market will demonstrate a CAGR of 10% between 2012 and 2018.

 

The patient monitoring devices and systems market is inching steadily towards becoming wireless and non-invasive. Companies that are able to realize these trends early on will be able to make the most of the multimillion dollar opportunities that exist in the market.

 

At the same time, there have been certain favorable changes in government policies, such as healthcare authorities implementing regulations aimed at reducing the period of hospitalization and an increasing awareness of home monitoring systems.

 

Most companies are realizing that forming partnerships and joint ventures is the way ahead in terms of expanding their product and service portfolio.

 

Market players within the patient monitoring devices category can develop a robust growth strategy based on the latest market data and figures. At ResearchMoz.us, we endeavor to bring you the very best market research reports published by leading publishing houses. These reports are selected by our seasoned Research Coordinators based on an entire parameter checklist. For more information pertaining to market research reports on the patient monitoring systems and devices market, please speak with a ResearchMoz.us Research Coordinator today.