Smart Patient Monitor Market Analysis and Value Forecast Snapshot by End-use Industry 2020-2024|With Dragerwerk ,Philips Healthcare,GE Healthcare

The Smart Patient Monitor market 2020 report analyses global acceptance of trends, future growth potential, key drivers, limitations, opportunities, and best practices that are taken place in market. The report also examines growth potential, market sizes and revenue forecasts (2020-2024)across different regions as well as industry verticals.

Global Smart Patient Monitor Market Overview:

The exclusive research report on the Global Smart Patient Monitor Market 2020-2024 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Smart Patient Monitor Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

Moreover, emerging countries have registered a sustained increase in the volume of surgical procedures during the past decade, driven by the growing target patient population, the presence of a supportive regulatory environment, and rising medical tourism. Therefore, emerging countries are expected to offer potential growth opportunities to players in the patient monitoring market during the forecast period.

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Growing number of hospital admissions will increase the demand for Smart Patient Monitor thereby, expanding the global market growth. Now-a-days upgraded patient monitoring devices that display data of multiple patients through central surveillance system are available. Furthermore, several Smart Patient Monitor have been unified with IoT that allows them to provide warning alarm to doctors in case of emergency. However, high cost of patient monitors may restrain its adoption specifically in underdeveloped regions thereby restraining the industry growth. This factor will have short term impact on the patient monitoring market growth.

Top Major Key Players in the Global Smart Patient Monitor Market:

The global Smart Patient Monitor market is marked by some strong competition from the major players operating in this industry. Many merger and acquisition, joint venture and partnership agreement, product innovation, research and development and geographical extension are some of the key strategies adopted by this player to ensure long term sustenance in these market key participants in the global Smart Patient Monitor industry include

Philips Healthcare

GE Healthcare

Nihon Kohden

Dragerwerk

Mindray

OSI (Spacelabs)

Schiller

CAS Medical Systems

Product Type Segmentation

Intensive Care Monitor

Anesthetic Monitor

Vital Sign Monitor

Industry Segmentation

Hospitals

Clinics

Home Health Care

Regional Analysis :

North American market size is estimated to witness more than 4% CAGR over the forecast timeline. Favourable demographic trends have positively influenced the demand for patient monitors. Increasing geriatric population suffering from chronic diseases requiring continuous intensive care raises the demand for Smart Patient Monitor. Moreover, regulations framed by authorities ensure superior quality of monitoring devices. Therefore, positive regulatory scenario for Smart Patient Monitor industry proves beneficial for the industry growth.

Asia Pacific Smart Patient Monitor market accounted for around 22% revenue share in 2018. Currently, incidences of cardiovascular diseases have increased due to changes in lifestyle. Obesity is one of the major causes of heart strokes in countries such as India and Japan. This scenario proves beneficial for the regional market growth as it increases the demand for Smart Patient Monitor. Furthermore, rising awareness regarding availability of wearable monitoring in Asian countries should trigger the industry growth in forthcoming years.

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Global Industry News:

Dragerwerk : Feb 4, 2020

One Year After Federal Approval, Drger DrugTest 5000 Remains the Only Device Approved forRoadside Testing of THC and Cocaine in Canada

In 2018, the Canadian federal government approved the Drger DrugTest 5000 as the first roadside oral fluid drug screening device. Today it continues to be the only device approved for law enforcement to test for both THC and cocaine. The device is now used by law enforcement agencies across Canada including Ontario,Manitoba, Saskatchewan, PEI, Alberta, and Nova Scotia.

Roadside saliva-testing devices were authorized as part of Canada's move to legalize cannabis use. After rigorous testing conducted by the Canadian Society of Forensic Science government labs and managed by the National Research Council, the DrugTest 5000 was the first device approved by the Attorney General of Canada to help police identify drug-impaired driving. It continues to be the only device approved to detect both THC and cocaine.

"The DrugTest 5000 has been successfully used for many years in countries across the globe," says Rob Clark, managing director, Drger Safety Canada Ltd. "We are pleased that for the last year our device has helped Canadian law enforcement detect drug-impaired drivers and make Canadian roads safer."

The need for roadside drug testing continues to be evident in Canada. An Ipsos poll conducted in October 2018 found that 1.9 million Ontario motorists have driven under the influence of cannabis, and over 735,000 had done so in

the three months prior to the poll. Additionally, 52% of respondents admitted that they drive worse than a sober driver when under the influence. Another troubling statistic: the percentage of Canadian drivers killed in vehicle crashes who test positive for drugs (40%) now exceeds the numbers who test positive for alcohol (33%).

Summary :

Identification of key industry players in the industry and their revenue influence to the overall business or relevant segment associated to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the value chain of cloud analytics market. The last step involves complete market engineering which includes analysing the data from different sources and existing exclusive datasets while using various data different methods for market breakdown and forecasting.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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Major Points in Table of Contents:

Global Smart Patient Monitor Market Report 2020

Section 1 Smart Patient Monitor Product Definition

Section 2 Global Smart Patient Monitor Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Smart Patient Monitor Shipments

2.2 Global Manufacturer Smart Patient Monitor Business Revenue

2.3 Global Smart Patient Monitor Market Overview

Section 3 Manufacturer Smart Patient Monitor Business Introduction

3.1 Philips Healthcare Smart Patient Monitor Business Introduction

3.1.1 Philips Healthcare Smart Patient Monitor Shipments, Price, Revenue and Gross profit 2014-2019

3.1.2 Philips Healthcare Smart Patient Monitor Business Distribution by Region

3.1.3 Philips Healthcare Interview Record

3.1.4 Philips Healthcare Smart Patient Monitor Business Profile

3.1.5 Philips Healthcare Smart Patient Monitor Product Specification

3.2 GE Healthcare Smart Patient Monitor Business Introduction

3.2.1 GE Healthcare Smart Patient Monitor Shipments, Price, Revenue and Gross profit 2014-2019

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