(PharmaNewsWire.Com, September 28, 2017 ) According to the report Middle East & Africa patient monitoring Market, published by Market Data Forecast the Market is estimated at USD 1.89 Billion in 2016 and is expected to reach USD 2.74 Billion by 2021 at a CAGR of 7.69%.
Remote Patient Monitoring Systems enable efficient healthcare delivery to patients outside conventional hospital or clinical settings, by transmitting real-time patient date for clinical review. This can reduce mortality rates and facilitate efficient use of medical resources. These help in avoiding emergency overcrowding, manage huge number of patients and enhanced maintenance of electronic health records (EHR). Recently the market has gained immense focus due to the government measures to cut down hospital expenditures and reduce hospital stays.
The Middle-East & Africa Patient monitoring market is segmented on the basis of disease condition which is further sub segmented into neurology, hemodynamic, cardiac, fetal and neonatal, respiratory, multiparameter remote patient monitors, temperature & weight management monitors.
Cardiac monitoring segment occupied the largest share in Middle-East & Africa patient monitoring market and is predicted to maintain its strong share till 2020 due to increasing demand for ECG (Electro Cardiogram) devices and increased rate of cardiac and other comorbid diseases such as diabetes and high blood pressure. Respiratory monitoring segment is estimated to be the fastest growing during the forecast period which in turn will enhance the patient monitoring market.
Furthermore, on the basis of geography, the Middle-East & Africa Market is segmented under major segments of Middle-East and Africa. Encouraged by widespread proliferation of high-speed internet and its related services and adoption of RPM systems is witnessing high demand. Rapidly growing aging population vulnerable to diseases, government policies to reduce healthcare expenditure are the major factors driving the growth of the market. On the other side, increasing patient privacy concerns & lack of proper reimbursements policies and the high cost of Remote Patient Monitoring systems are inhibiting the growth of the market.
Some of the key players in the Middle-East & Africa patient monitoring market are Abbott Laboratories, Covidien, Drager Medical GmbH, GE Healthcare, Johnson & Johnson Inc., Masimo Corporation, Mindray Medical, Mortara Instrument Inc., Natus, Nihon Kohden , Nonin Medical, Omron Healthcare, Philips Healthcare, Roche Diagnostics Limited and Welch Allyn.
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