Asia Pacific (APAC) Patient Monitoring System Market Outlook: Opportunity Assessment and Demand Analysis, Market Forecast, 2017-2030

Asia Pacific (APAC) Patient Monitoring System Market Overview

The emerging healthcare industries are experiencing stellar modification in monitoring patients. Patient monitoring system is the term used for all the devices that is used to examine and observe patients, their physiological function and supervision. Some devices are used for alerting physicians and doctors if any patient is in critical stage. Patient monitoring devices are used when there are cases of drug overdose, symptoms of heart attack and growth in chronic diseases.

Global patient monitoring system market is at emerging pace because of vast adoption of monitoring devices in healthcare industry. Asia Pacific holds 20% market share in patient monitoring system market in 2017. Japan is the largest country that dominated the Asia Pacific patient monitoring system market in 2017 followed by China, India and Korea. Recently, Korean scientist have developed “electronic skin” device for the first time in the world. When the device is put on skin, it can monitor biostatic information of patient 24/7. It can also be connected to smart phones.

A latest heart attack controlling device was launched by Omron healthcare Inc, a Japan based company in 2017 to help heart patients. The company aims to reduce the number of heart patent to zero by focusing on elimination of heart attacks and strokes. Omron Healthcare is the global leader in treatment of heart health issues.

The market of Asia Pacific Patient Monitoring System is mainly driven by the factors such as increasing number of chronic disease in Asia Pacific as two in three deaths were from chronic disease worldwide in 2017. Nevertheless, there are certain factors that restrict the market from growing such as lack of trained staff and physicians.

Asia Pacific Patient Monitoring System Market Segmentation 

On the basis of devices

• Cardiac monitors
• Fetal
•  Prenatal and neonatal monitors
•  Hemodynamic monitors
• Multi-parameter monitors
• Neurological monitors
•  Respiratory monitors
• Remote patient monitors
• Micro electro mechanical systems based monitors
• Temperature and weight monitors

By End User

• Medical centers and medical specialist
•  Primary healthcare and community healthcare centers
•  Laboratories
•  Diagnostic centers
• Home-based users.

By Countries

• China {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Japan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• India {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Australia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Taiwan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• South Korea {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Indonesia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Thailand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Singapore {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• New Zealand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
• Philippines {Market Share (%), Market Size (USD Million), Adoption Rate (%)}

Market Size and Forecast (2017-2030)

Global patient monitoring system market is expected to reach USD 28.01 billion by 2024 from USD 14.21 billion in 2016 at a CAGR of 5.9% over the forecast period out of which APAC patient monitoring system market holds 20% market share in 2017. Asia Pacific patient monitoring system market is Growing at a promising CAGR of 10.49% through the forecast period of 2017-2030.

On the basis of devices, cardiac monitor are accounted for the largest share of around 25% in Asia Pacific patient monitoring system market in 2017. This is due to rising cases of heart attack in South Asia including India.

Based on the country, Japan is the largest country in Asia Pacific patient monitoring system market followed by China, India and Korea. Japan alone holds 30% market share of Asia Pacific patient monitoring system market in 2017. This is due to variation and innovations made in technologies by key players of Asia Pacific patient monitoring system market in Japan.

Key Trends and Growth Drivers                                        

Patient monitoring devices help in controlling increasing number of death incidents caused by heart attack as two out of three deaths worldwide is caused by heart attack, increase in geriatric population, urge for home healthcare devices and growth in chronic diseases are the key factors that drives the demand of APAC patient monitoring system market.The major restraint that curtail the growth of Asia Pacific patient monitoring system market are lack of trained staff and personnel, lack of reimbursement policies and high cost of devices.

Covered in this Asia Pacific Patient Monitoring Market Report

Market Synopsis

Market Segmentation

The APAC Patient Monitoring system market is segmented as follows:

• By Devices (Market Size, Demand Analysis and Growth Analysis)
• By End User (Market Size, Demand Analysis and Growth Analysis)

APAC Patient Monitoring System Market Report covered insights of below mentioned countries

· South east Asia( Philippines, Singapore, Thailand and rest of South east Asia)  {Market Size and Growth Analysis}

· East Asia (China, Japan, Korea and rest of East Asia) {Market Size and Growth Analysis}

· South Asia (India, Nepal, Bhutan and rest of South Asia) {Market Size and Growth Analysis }

· Melanesia (Solomon island and rest of Melanesia) {Market Size and Growth Analysis }

· Polynesia (Hawaii, Australia and rest of Polynesia) {Market Size and Growth Analysis }

· Rest of the Asia Pacific {Market Size and Growth Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Key Market Players

• Omron healthcare Inc.
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
• Nihon Kohden
• Abbott laboratories
• Philip healthcare
• Medtronic Plc.
• Roche diagnostic
• Siemens healthcare
• Lifewatch
• Honeywell International

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks