The global non-invasive monitoring devices market is segmented by type into cardiac monitoring devices, brain monitoring devices, blood pressure monitoring devices, anesthesia monitoring devices and blood glucose monitoring devices; by end-users into hospitals, clinics, diagnostic centers and research & academic institutes and by regions. Non-invasive Monitoring Devices Market is anticipated to mask a CAGR 5.6% during the forecast period i.e. 2019-2027.
Factors such as timely & proper treatment at an early stage, rapid diagnosis & fast intervention by the doctor and other advantageous features, play a major role in consumers switching to non-invasive monitoring devices around the world. The devices multi-functionality further aids in reducing the overall costs associated with the testing and treatment of the patient driving the non-invasive monitoring devices over the forecast period. Non-invasive patient monitoring aids in hassle-free outcome based healthcare which is expected to grow further on the back of rising geriatric population around the globe.
Incorporating patient monitoring in chronic disease management can significantly improve a person’s quality of life. A monitoring device is able to inform patients about critical deterioration of health informing patients with the information of when they need to apply for emergency help. This factor is anticipated to increase the market for human patient monitoring devices accompanied with rising awareness about these solutions along with increasing attractiveness of the consumer population towards more non-invasive techniques is estimated to propel the market for non-invasive monitoring devices sturdily during the forecast period.
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With a highly developed healthcare sector across the region, North America is attributed to display a vibrant growth in non-invasive monitoring devices market over the forecast period. North America is panned to be followed by Asia Pacific on the back of increasing healthcare expenditure across the economically developing countries across the region such as, India, China and others.
Increasing Adoption for Disease Prevention
Non-invasive monitoring technology enables the early detection of deterioration & reduces the number of emergency department visits, hospitalizations & duration of hospital stay. These factors aid in the prevention of heart failures, prevent dementia, and maintain diabetes and various other diseases that are expected to serve as a key factor in the growth of the market across the globe.
Increasing R&D Activities
Rising R&D activities in association with increasing innovation factor in these devices is expected to propel the non-invasive monitoring devices market substantially over the forecast period. Additionally, on the back of increasing urbanization and growing healthcare expenditure across the globe, the present population has grown aware of new technologically advanced medical procedures and non-invasive monitoring that will aid the non-invasive monitoring devices market grow robustly during the forecast period.
However, non-invasive monitoring is not the last line of diagnosis and the presence of other cost efficient invasive line of diagnostic and monitoring devices are estimated to play as a restraining factor in the growth of the non-invasive monitoring devices market over the forecast period.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global Non-invasive Monitoring Devices market which includes company profiling of Abbott, General Electric Company, Medtronic Plc., Koninklijke Philips N.V, Omron Corporation, Vaso Corporation, Integrity Applications, CAS Medical Systems, Inc., A&D Medical Inc., Tensys Medical Inc. and Other Prominent Players The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Non-invasive Monitoring Devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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This post was originally published on Health Opinion