Non-Invasive Monitoring Device Market Insights, Trends, Business Opportunities, SWOT Analysis and Emerging Trends Till 2023

As per the recent report published by Market Research Future (MRFR), the global non-invasive monitoring device market can anticipate a growth by 6.8% CAGR during the forecast period (2017-2023). In the process, the non-invasive monitoring device market can exceed a valuation of USD 21,586.18 million. Non-invasive monitoring devices are finding it easier to impact intensive care units. The technology doesn’t require complex tools, and the complications-related to invasive technologies can be ignored in this owing to its methods. MRFR in their recently published article on the non-invasive monitoring device market included in-depth segmental analysis and factors that can have significant market growth. In addition, the report has updated company portfolios with a focus on the latest strategic moves made by them.

Need for diagnostic and monitoring devices for a better and efficient service can spur the non-invasive monitoring device market growth during the forecast period. Among them, the cardiovascular segment can provide much thrust to the market. But the market can see some restraints as the accuracy of the measurement is still not perfect. However, it can be challenged in the near future by the continually developing instruments.

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Global Market for Non-Invasive Monitoring Device-Competitive Dashboard:

Some of the key players profiled in the report are KONINKLIJKE PHILIPS N. V., Abbott, Omron Corporation, General Electric Company, Medtronic Plc, Vaso Corporation, Integrity Applications, Tensys Medical Inc., OrSense Ltd., CNSystems Medizintechnik AG, CAS Medical Systems, Inc., A & D Medical Inc., NIMedical, and Advanced Brain Monitoring, Inc.

Global Market for Non-Invasive Monitoring Device-Segmental Analysis:

MRFR’s report offers a detailed segmental analysis of the market based on type, modality, application, and end user. By type, the market is segmented into cardiac monitoring devices, brain monitoring devices, blood pressure monitoring devices, anesthesia monitoring devices, blood glucose monitoring devices, and others. The cardiac monitoring devices segment is sub-segmented into electrocardiography and cardiac output devices. Also, the brain monitoring devices segment is further sub-segmented into CT, MRI, electroencephalography, electromyography, evoked potentials, intracranial pressure monitors, and others.

By modality, the market has been segmented into table top devices and wearable devices. Among these, the table top devices segment dominated the global market in 2016 and was valued at USD 8,792.3 Mn. It is expected to register a CAGR of 6.60% over the assessment period. Meanwhile, the wearable devices segment is projected to exhibit a relatively higher CAGR of 7.17% over 2023.

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By application, the market is segmented into cardiology, neurology, oncology, and others. Among these, the cardiology segment accounted for the most significant share of the market in 2016 and is poised to retain a substantial share of the marker towards the end of 2023.

By end user, the market has been segmented into hospitals & clinics, diagnostic centers, research & academic institutes, and others. Meanwhile, the diagnostic centers segment is likely to register a relatively higher CAGR of 7.23% during the forecast period.

Regional Outlook:

By region, the global non-invasive monitoring device market has been segmented into Asia Pacific, Americas, Europe, and the Middle East & Africa. Americas currently holds a substantial share of the market and is likely to exhibit positive growth over the next couple of years..

Asia Pacific is the second largest market for non-invasive monitoring device. It is expected to retain an important position globally towards the end of the projection period.

Europe is an important growth pocket in the global market and is poised to remain highly lucrative through the assessment period. The factors such as improving economies, disposable income per individual, increased healthcare spending, and governmental support for research and development (R&D) activities have responsible for favoring the proliferation of the market in the region.

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