Medical device
manufacturers, technology companies and other investors have invested heavily
in health monitors, glasses, wearables segments and mobile apps. In 2015 Google
launched the prototype of a wearable watch that will test blood sugar levels in
a patient’s blood without the use of a needle or lancet. In 2015, DexCom
received FDA approval for Dexcom G5 mobile continuous glucose monitoring (CGM)
system. This is a small, flexible, bandage-like, wearable device that monitors
glucose levels in a patient’s blood and provides accurate, real-time glucose
readings every five minutes to their smart device.
THE BUSINESS RESEARCH COMPANY EXPECTS THE
PATIENT MONITORING DEVICES MARKET TO GROW TO $24
BILLION
BY 2021
Asia Pacific was the
largest region in the patient monitoring devices market in 2017, accounting for
one-third of the market share.
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According to The Business Research Company’s Consultant, Nitin
Gianchandani, the patient monitoring devices market has witnessed multiple
Mergers & Acquisition transactions in the recent years. Top companies in
the patient monitoring device industry strategically acquired start-ups and
mid-sized companies to broaden products and services. For instance, Medtronic,
a key player in the patient monitor devices market, acquired Corventis, a
startup company developing wearable and wireless technologies for cardiac
disease monitoring.
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report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=264&type=smp
Siemens Healthineers was
the largest player in the market, generating revenues of $15.0 billion for the
financial year 2016. Siemens Healthineers’ growth strategy is to strengthen its
portfolio across the medical imaging and laboratory diagnostics business while
adding new offerings such as managed services, consulting and digital services
in the growing market for therapeutic and molecular diagnostics. In the first
quarter of 2016, Siemens Healthineers made a strategic collaboration agreement
with Profound Medical Corp aimed at establishing a new Magnetic Resonance
Imaging (MRI) -guided therapy in the clinical routine for prostate cancer
patients.
The patient monitoring
devices industry manufactures equipment for measuring vital health parameters,
such as heart rate, respiratory rate, blood pressure and body temperature.
Patient monitors, also referred to as medical monitors or physiological
monitors, typically consist of sensors, processing components, display devices
and communication links.
Patient Monitoring Devices Global
Market Report 2018 is a detailed report giving a
unique insight into this market. The report is priced at $4000 for an
individual user. To use across your office, the price is $6000 and $8000 if you
wish to use across a multinational company.
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