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(Medical-NewsWire.com, September 26, 2018 ) Europe Patient Monitoring Devices market Forecast Report:
Europe Patient Monitoring Devices market was valued at USD 5.18 Billion in the year 2018, by the year 2023 it is expected to reach USD 6.84 billion with 5.72% CAGR.
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Patient Monitoring Devices (PMD) allows patients to be monitored outside of conventional settings, increasing their effectiveness and access to medical care. RPM devices are used to manage and monitor a wide variety of health issues. These systems provide alerts when health status decreases, allow patients, caregivers and physicians to intervene and change the treatment plan. The RPM device market is segmented by product, application and end-use. Based on the product, they are classified as vital sign monitors and special monitors. By application, they are segmented into cardiovascular diseases, cancer, and diabetes, treatment of sleep disorders and weight control and fitness control. Market end users include the hospital and alternative patient site monitoring, such as outpatient and home care.
Europe Patient Monitoring Devices market Methodology and Drivers:
The major factors influencing the growth of the market are increasing geriatric population, chronic diseases. Changes in lifestyle of people, high healthcare budgets. Rising preference for home and remote monitoring. Technological developments in getting high results. However lack of healthcare professionals towards the adoption of new technologies is a major restraining factor of the market.
Market Geographic Segmentation:
On the basis of geography, the market is analyzed under various regions namely Germany, Italy, France, U.K. And Spain. Europe accounted for the second largest share f the market in terms of revenue However, the growth of Europe is expected to be sluggish in the forecast period and is estimated to grow at a lower CAGR, due to factors such as uneven reimbursement policies, declining birth rates, and reduced number of beds in hospitals.
Major companies in the market are Abbott Laboratories, GE Healthcare, Nihon Kohden, Omron Healthcare, Philips Healthcare, Siemens Healthcare, Medtronic PLC, Honeywell International Inc., Infinium Medical and Roche Diagnostics Limited.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Market Data Forecast.
Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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