Patient monitoring equipment market is expected to register a CAGR of 5.8% during the forecast period of 2018-2023|Major Vendors - Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, GE Healthcare, Medtronic PLC, Philips Healthcare, amongst others

North America Dominates the Market

North America is dominating the market due to the increasing adoption of technology, surging geriatric population, and demand for wireless multi-parameter home use monitors. Asia-Pacific is set to register the highest CAGR in the future.

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The growth in the geriatric population will directly increase the growth of chronic diseases and thus, is creating many health challenges. Additionally, rising incidence of chronic diseases, growing preference for home and remote monitoring, and ease-of-use and portability of devices to encourage adoption of point-of-care monitoring devices are some factors responsible for the growth of patient monitoring equipment market. A major factor that is hindering the growth of this market is the high cost associated with the technology.

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Market Segments:
Patient monitoring equipment market is segmented by:
1. Type of Device: Hemodynamic Monitoring Devices, Neuromonitoring Devices, Cardiac Monitoring Devices, Fetal and Neonatal Monitoring Devices, Respiratory Monitoring Devices, Multi-parameter Monitoring Devices, Remote Patient Monitoring Devices, Weight Monitoring Devices, Temperature Monitoring Devices.
2. Target Area: Cardiology, Neurology, Respiratory, Fetal & Neonatal, Weight Monitoring, Temperature Monitoring, Remote Monitoring, Others.
3. End User: Home Healthcare, Clinics, Hospitals , Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• November 2017: Telecare, a division of Biotelemetry Inc. collaborated with Onduo in Diabetes Management Plan.
• July 2017: BioTelemetry, Inc. acquired LifeWatch AG to enhance its position in wireless medicine
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